Ethereum to NZD – How to Exchange ETH to NZD in New Zealand
Ethereum is the world’s second-largest and most popular form of cryptocurrency. However, converting Ethereum to NZD fiat cash isn’t as easy as buying ETH at.
Few cryptocurrency exchanges allow users to directly cash out Ethereum for New Zealand Dollars. The good news, though, is that if you are a Kiwi, there are some local options available.
How to Convert Ethereum to NZD Locally
Most international exchanges only allow users to cash out cryptocurrency in U.S. Dollars. This means that ETH to USD funds later have to be converted to NZD amounts. Many exchanges also only process BTC to USD fiat cash withdrawals. This means that ETH first needs to be exchanged for BTC, adding extra fees in the process.
How to Convert Ethereum to NZD at Easy Crypto
Easy Crypto is a New Zealand owned, operated, and fully regulated cryptocurrency exchange. This means that unlike on exchanges like Coinbase, Kiwis can convert Ethereum to NZD amounts directly. New Zealand Dollars are also almost always deposited into user bank accounts within 24-hours.
By comparison have a withdrawal limit of $10,000 per transaction. Cashing out Ethereum on these platforms also sees Kiwis pay both transaction fees and hefty USD to NZD exchange rates.
Even for new users, converting ETH to NZD fiat cash amounts on Easy Crypto is easy. The first step involves creating a new exchange account. To do this, users can sign up via Google, Facebook, or email.
After creating an Easy Crypto account, users will next need to verify their identity. We can verify most accounts in under 2 minutes, when users supply a copy of their NZ issue driving license or passport (and use the automatic verification system).
After verifying new user accounts, Kiwis can navigate to the Easy Crypto home page and create an Ethereum to NZD sell order. Once we confirm sell orders, Ethereum deposits are exchanged for New Zealand Dollars, and deposited in Kiwi bank accounts within 24-hours.
When is The Best Time to Convert Ethereum to NZD?
As a rule, it is impossible to say for certain when it is the best time to cash out any cryptocurrency. The most important thing is to never panic sell coins, just because of momentary dips in the market. These often result in loss for most newbie investors.
Whenever and whyever you need to exchange ETH to NZD fiat cash, Easy Crypto has you covered. Create your account today by clicking here.
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Disclaimer: Information is current as at the date of publication. This is general information only and is not intended to be advice. Crypto is volatile, carries risk and the value can go up and down. Past performance is not an indicator of future returns. Please do your own research.
Last updated August 29, 2022