Buy, Sell, Trade & Exchange Crypto in New Zealand1

CEX.IO: The Trusted Platform to Buy, Sell, and Trade Crypto in New Zealand

There is no shortage of potential pathways to interact with digital assets in the crypto space. Thanks to the wonders of the internet, virtually anyone can buy, sell, hold, and trade crypto from anywhere in the world (including New Zealand), at any time. 

However, since numerous cryptocurrencies and companies emerge almost daily, it can be difficult to select the best solution for your crypto needs. A secure entry point is essential for a successful journey, despite the inherent risk in this industry. Ultimately, peace of mind is invaluable when it comes to safeguarding your information. That's why CEX.IO is an excellent option for crypto enthusiasts in New Zealand.

Where to start trading & exchanging crypto in New Zealand

As with any new endeavor or sidekick during one’s crypto journey, it’s critical to have the necessary information beforehand. Because research is so important, here’s what you need to know about CEX.IO’s decade-long history in the crypto space.

CEX.IO has been an innovator, leader and champion of regulation in the crypto space for more than 10 years. We were the first company to enable crypto purchases with credit and debit cards. The platform also pioneered instantaneous withdrawal services, and netted numerous industry accolades. CEX.IO remain at the forefront of cryptocurrency development while simultaneously serving as a bridge between traditional and decentralized finance.

Thanks to more than 15 million global users — including those from New Zealand — CEX.IO’s community-driven approach to promoting discovery in the digital economy is backed by proven experience. By maintaining proper certifications and licenses as a top priority, we’re proud to remain in good standing through numerous FinCEN audits. Additionally, we endeavor to ensure round-the-clock, ironclad protection of user information and funds through repeat compliance with Level 1 PCI DSS Security Standards. 

Our rigorous approach to network security similarly extends toward every corner of our product ecosystem. To that end, we extensively vet all digital asset pairings and cryptocurrencies to determine their durability and potential to extend risk. After passing all necessary requirements, the CEX.IO Team continuously monitors their health, and provides timely communications in the event of listing updates. In our mind, such transparency is critical for providing on- and off-ramps to the crypto ecosystem — precisely when New Zealand participants may need them most.

How to buy and sell crypto in New Zealand with CEX.IO

Our New Zealand users can create a CEX.IO account and access the core services available within our ecosystem in just a few straightforward steps:

1. Click the Register button either in the upper right hand corner of our website or in the CEX.IO App
2. Enter your email address and create a password
3. Choose a country of residence
4. Confirm you are at least 18 years old and accept the Terms of Use
5. Click Create your account
6. Confirm your email address
7. Enable two-factor authentication (2FA)
8. Verify your identity (you can also review the instructions ahead of time to help you get verified in five (5) minutes or less).

Available payment methods to buy crypto on CEX.IO in New Zealand

Buying cryptocurrencies across the CEX.IO product ecosystem for New Zealand users requires having a verified account, which empowers you to seamlessly integrate a variety of payment methods for crypto transactions. The required steps for conducting this transaction are straightforward, and we’ve described them below for added convenience. 

However, before we get into the details of how to buy crypto at CEX.IO in New Zealand, here are the payment methods you can use for crypto transactions within our ecosystem:

• Bank account;
• Credit/debit card;
• PayPal*;
• Apple Pay, Google Pay;
• Skrill, MoneyGram;
• Prepaid card.

*PayPal is currently available only for users from the U.S.

Step-by-step instructions on how to buy crypto in New Zealand with a credit/debit card

The most straightforward method to acquire cryptocurrencies on CEX.IO in New Zealand is to link and use a credit or debit card with our Instant Buy service, which requires these steps:

1. Go to Instant Buy;
2. Select your preferred cryptocurrency from the list of available assets;
3. After entering the amount you wish to purchase, click Buy;
4. On the Add Funds page, click Select Payment Method to choose a linked card to proceed;
5. Next, verify all transaction information, and conduct a personal risk assessment. Then, confirm your purchase.

Sell crypto on CEX.IO from New Zealand

CEX.IO was among the first crypto exchanges to offer withdrawals via several payment rails, in addition to pioneering credit card purchases. Thanks to so many convenient on-ramps to access the crypto ecosystem, we ensured there are just as many reliable off-ramps to exit the ecosystem with similar ease.

Our users can sell cryptocurrencies using numerous gateways, including our mobile app, and transfer those funds to a preferred card. This Instant Sell feature is available in both the desktop and mobile versions via Withdrawal and Send functions respectfully, empowering you to convert digital assets to fiat currency in a matter of seconds. 

FAQ

Is it legal to buy crypto in New Zealand?

Yes, buying crypto is legal in New Zealand. While cryptocurrency is not a legal tender in the country yet, the primary legislation applicable to financial products (like cryptocurrency) in this part of the world is the Financial Markets Conduct Act 2013 (FMCA).

Does New Zealand accept crypto?

While cryptocurrency is not yet legal tender, numerous businesses do accept this payment method. There are several gateways available to New Zealanders that accept crypto, with some of the most frequently used available here.

Does New Zealand tax cryptocurrency?

Yes, New Zealand does require its residents to pay a tax on cryptocurrencies. According to the country’s Inland Revenue Department (IRD), cryptocurrency is subject to Income Tax.

How to create a crypto wallet?

There’s a variety of crypto wallets available for New Zealand crypto enthusiasts. However, the most straightforward way to obtain a crypto wallet is to register and verify a CEX.IO account, which automatically sets up the CEX.IO Wallet for you!

Can you withdraw crypto to NZD?

Yes, in most cases, it is possible to withdraw your crypto holdings to NZD. However, please note that the exact steps and logistics involved vary depending on the platform you use, the amount of your crypto holdings, and the method and wallet you’re using to conduct this transaction. In the case of CEX.IO, if you withdraw USD or EUR to your NZ payment card, your respective bank should automatically convert the amount to NZD.