Buy Bitcoin (BTC) With Credit & Debit Card in New Zealand

Millions of people around the world have heard of Bitcoin (BTC). The name is even more recognized than the phrase “cryptocurrency” overall. Bitcoin may have had a humble beginning, but it has quickly spread to become a global phenomenon. In this guide, we aim to demystify BTC as both a technology and a financial instrument and help you to understand how you can make your first crypto purchase with CEX.IO 

What is Bitcoin in simple words? 

All cryptocurrencies and other digital assets like NFTs can be traced back to the genesis of Bitcoin. It has been heralded as “sound money”, “the world’s hardest asset”, and even “digital gold.” Bitcoin is a cryptographically secure, peer to peer exchange system that operates like a digital currency. As a BTC holder, you are able to transact with anyone from around the globe without any intermediate parties involved. 

Once the world began to understand and interact with Bitcoin and other cryptocurrencies, a brand new industry started to take shape. To date, there are millions of cryptocurrency enthusiasts and market participants. 

In a recent study, up to 9% of New Zealand adult internet users, an estimated 324,000 people, said they owned crypto. If you have heard of BTC and are interested in owning some for yourself, we will demonstrate the steps to take to buy Bitcoin in New Zealand. 

A Brief History of Bitcoin 

Bitcoin was launched in 2009 by a pseudo-anonymous developer or group called Satoshi Nakamoto. Immediately following the housing crisis and economic recession of 2008, BTC provided an alternative for financially-conscious people around the world that were looking for an accessible safe haven. In just over a decade, crypto has become an industry worth hundreds of billions of dollars.

One of the most interesting components of crypto is the way that it is cryptographically secured. This is exactly what the phrase “cryptocurrency” implies. Bitcoin in particular uses a proof of work (PoW) system which ensures that it practically cannot be hacked. Expensive and powerful mining systems like ASIC are used systemically to validate each BTC transaction to ensure there are no instances of double-spending and every node on the network has the same version of the continuously-updating ledger. 

How is Bitcoin different from other cryptocurrencies? 

To date, there are thousands of different cryptocurrencies and tokens available. All have their own specific traits and qualities, and it is up to the individual to decide if they want to follow and be a part of these projects. At the top of the pile is Bitcoin, and it has remained this way since the beginning of this industry.

Bitcoin is the biggest cryptocurrency by market capitalization. With an evaluation of over $ 1,100 billion dollars, BTC must be taken seriously as a financial instrument. BTC is also the oldest and most well-known cryptocurrency, ensuring that it will likely have a legion of fans and supporters for years to come. However, at the end of the day, Bitcoin is somewhat limited in its uses. 

Primarily, Bitcoin still functions as a payment network and as a trading pair for exchanges. Countless other features have been proposed, such as private transactions, but few have been implemented thus far. It is also remarkably challenging to scale, limiting its potential use in the future as the network quickly becomes congested. This has led to high wait times and fees for BTC users. 

As a result of these limitations, many crypto enthusiasts have fled to other projects. Competitors like Ethereum or Litecoin have become dominant forces in their own right over the years. However, the story of Bitcoin does not end here and there will likely be more developments in the future. 

The rampant media coverage of BTC

Bitcoin has certainly been the benefactor of excessive media coverage in recent years. During the complete jubilation of recent “bull markets” we have seen hundreds of thousands of new participants enter the market. Technical statistics like new wallet addresses and exchange accounts have coordinated with this. 

The media coverage of crypto has helped propel this space from a contained phenomenon to a disruptive industry with publicly traded companies and a massive infrastructure being built. Every year, thousands of crypto-curious people come to CEX.IO with the goal of making their first BTC purchase. 

How to buy Bitcoin with a credit card

The cryptocurrency marketplace has evolved immensely over the past 12 years and has gone through many different stages. In the past, there was a definite barrier to entering the cryptocurrency industry. It was not a simple process for the average person to buy their first crypto. As CEX.IO gained more experience and knowledge in the market, we began to understand that credit and debit card purchases were a necessity for most people, and we have included this feature for our users who want to buy bitcoin in New Zealand. 

Through both our website portal and mobile app, you can purchase BTC using our Instant Buy feature and your credit card. For budding crypto enthusiasts who just want to get their hands on BTC in the fastest way possible, this is the most direct way. Credit cards may be the preferred method for many users, but we also offer several other popular methods to fund your account, like direct bank transfers, Skrill, Neteller, Apple Pay and Google Pay.

How to buy Bitcoin with a debit card

Debit cards are another supported payment method with CEX.IO. We aim to make the entire process as simple as possible for our customers, and this means support for as many requested payment methods as possible. 

Where to buy Bitcoin in New Zealand

After the hurdles that crypto had to overcome in the past, it’s refreshing to see that so much infrastructure has been built around this emerging industry. New Zealand residents that want to add BTC to their portfolio may find that there are many ways to choose from, if payment methods are not a concern. However, not all exchanges are created equally. The company a one chooses to partner with can be one of the most important decisions. 

CEX.IO is a pioneer when it comes to cryptocurrency services. Our reputation was built around one core focus, customer satisfaction. We’ve played a pivotal role in the growth of this industry, and we fully understand not only the needs of cryptocurrency users but also what they would like to achieve. 

For many new cryptocurrency enthusiasts, a BTC purchase is the first real step on their journey. However, customers may quickly find that there are other assets they grow fascinated by, as well as features that are still not discovered. As traders traverse the crypto space, we hope that they can continue to find value in our ecosystem with the more advanced features, and extensive collection of cryptocurrencies that we offer.  

A step-by-step guide: buy Bitcoin in New Zealand with CEX.IO

Over the years, we have expanded our platform’s functionality to include more ways to buy BTC. We listen to our users and try to continuously meet the needs of an evolving market. Now, eligible participants can purchase BTC through our Instant Buy channel, our Spot Trading platform, or by using the Convert feature. Keep in mind, participants willing to buy bitcoin in New Zealand with CEX.IO, should verify their account to gain access to all of the features we provide!

Joining the CEX.IO ecosystem

You are just minutes away from joining the CEX.IO platform and starting your crypto journey. To begin the process, just head to our register page. All you’ll need to verify your account is some basic personal information. Immediately after finishing the registration and getting verified, you’ll be able to start using all of the features we offer. 

Of course, after buying any cryptocurrency, you’ll need a long term storage solution that you can trust. For this standard necessity, we have the exceptional CEX.IO Wallet. From this one tool, you can monitor and adjust your entire cryptocurrency portfolio as we support over 130+ different assets. 

For more advanced traders, we have the CEX.IO API. This can be integrated with your strategies to create an automated trading plan. We continuously listen to feedback and follow the fluctuating trends in the overall marketplace to bring our users new tools to add to their arsenal. Of course, most crypto enthusiasts find that the first step in their journey is when they first buy BTC. 

Buying BTC with our Instant Buy feature

For anyone wondering how to buy Bitcoin, follow the steps we have laid out below. First, head to our Instant Buy section from the “Products” drop down menu in the top-left corner of any page. 

On the following page, you’ll see the Instant Buy menu. Here you can buy BTC and more than a dozen other cryptocurrencies, like Litecoin (LTC), or Ethereum (ETH). All you need to do is either select from one of the different predetermined dollar amounts like $300, $500, or $1,000, or choose whatever amount you prefer. 

Click the “BUY” button to initiate your purchase. A popup window will appear to confirm the details. Also note, we have added the convenient timing feature. The price that you are quoted at will stay locked in for up to 120 seconds to ensure that you won’t lose anything to slippage in the event of a flash move in the market. 

The Instant Buy tool is the most direct and simple way to add BTC to your portfolio. However, if you want to buy Bitcoin in New Zealand, we also offer other methods like our Spot Trading platform. 

Buy Bitcoin in New Zealand with our Spot Trading platform

Our Instant Buy feature certainly has its advantages, but other users may have different priorities. Some spectators want to review the data surrounding an asset before they decide to add it to their portfolio. If you want to look back on a specific cryptocurrency’s recent price movements or see the incoming volume and orders, visit our Spot Trading section and see if this better suits your needs. 

• On the left side of the page, type the asset into the search bar to see what pairs we have available. There are many pairs such as BTC/USD, BTC/USDT, BTC/ETH, BTC/LTC, and more. Select your chosen pair to move on.
• Once your pair is selected, you can review the chart to see the recent movements in the market. Many traders rely on the volume and candlestick patterns to predict where an asset could possibly be headed in the future. Above the chart are different time frame options to help you to zoom in or out on an asset’s historical price data. 
• Ensure you have chosen buy BTC direction and decide what order type to use — limit, market, or stop limit. All of these serve a different purpose.
• Enter the amount and specify the necessary order details (max slippage, price, etc.) 
• Click the “Place Order” button to confirm your limit order. Once your order has been executed, you will see the BTC available in your wallet.

Limit orders require you to determine a price that you want to buy or sell at. Once initiated, your order will execute when the asset’s price meets this level. Market orders, instead, execute immediately, and your asset is bought or sold at whatever price is available depending on other users’ limit orders in the order book. 

Looking ahead for Bitcoin

Most people who get started with crypto agree that even through the ups and downs, this industry is one of immense promise. As you start to experience more and more of what crypto has to offer, you may start to wonder how this technology could possibly be implemented in a number of industries. Bitcoin has been the gateway into the crypto world for more than a decade, and CEX.IO is proud to be your guide for you as you take your first steps into this space.

Looking ahead, Bitcoin still has potential, and many supporters will stand by it. For it to succeed as either a payment network or safe haven asset, further development will likely be needed. Otherwise, competing projects will likely continue to eat into BTC’s market share. Regardless of whatever market cycle BTC is going through, it's important to reflect on how far it has already come when trying to understand where it could go in the future.