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.
- At Easy Crypto, it is possible to convert an unlimited amount worth of Ethereum to NZD cash amounts in any 24-hour period.
- Transactions usually confirm in under 2-minutes.
- Easy Crypto has the best Ethereum prices out of any of the brokers in NZ, so you will get the most bang for your buck when converting ETH to NZD.
By comparison, international exchanges like Coinbase have a withdrawal limit of $10,000 per transaction. Cashing out Ethereum via Coinbase 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. However, unlike with Coinbase, we can verify most accounts in under 2-minutes, when users supply a copy of their NZ issue driving license or passport.
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. Investors who realise the best returns usually do so after holding Etherum (and other coins) long-term. The most important thing is to never panic sell coins, just because of momentary dips in the market.
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: 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 November 12, 2021