How to Buy Ethereum (ETH) in New Zealand with NZD?

Ethereum has been the second most popular cryptocurrency in the world after Bitcoin for many years. Like Bitcoin, the Ethereum price has enjoyed periods of explosive growth during this time. 

In this article, we’ll explain how you can get in on the action by buying Ethereum in New Zealand. Not only that, we’ll show you a quick to buy some Ether (or ETH) in a regulated New Zealand exchange, for a faster and more secure transaction.

New to crypto? Explore our learning hub to get started!

How to buy Ethereum in New Zealand

Since Ethereum is decentralised, it is possible to buy it from anyone on the Internet. Of course, you shouldn’t easily trust anyone who claims that they could sell some Ethereum for NZD. 

To protect yourself from malicious parties, you should always consider a crypto exchange as a serious financial service business. Please note:

• The crypto exchange must be regulated, registered, and recognised.
• Don’t just rely on one review site to get to know the legitimacy of a crypto exchange. 
• Look at their policies; transparency involving fund transfers is crucial to be examined.

There are actually dozens of crypto exchanges to choose from, most of which are overseas exchanges. Unfortunately, NZD exchange rates are just one of the hurdles that Kiwis have to hop over just to get a decent amount of Ether.

The good news is that there are local cryptocurrency exchanges in New Zealand which you can trust. 

Here at Easy Crypto, we make it easy for users to buy and sell Bitcoin and other cryptocurrencies – with buy and sell orders typically processed within the same day. 

Additionally, we also provide a crypto swap feature with competitive rates for easy swapping between your digital assets. An auto-buy feature is also available for those wanting to invest regularly in a particular cryptocurrency.

How to buy Ethereum in New Zealand through Easy Crypto

You can follow these easy steps to start buying Ethereum in New Zealand:

1. Prepare your cryptocurrency wallet

Before you buy cryptocurrency, you need a cryptocurrency wallet. It’s a place where you can store your crypto. Basically, it is like storing your fiat money in your regular wallet, but this time it is in a digital wallet.

Here is a quick guide on how to set up your wallet.

2. Sign in to your Easy Crypto Account

If you’re a new user — welcome! Click on the Sign-up button to create an account and proceed with the account verification process.

1. Prepare your cryptocurrency wallet.
   Before you buy cryptocurrency, you need a cryptocurrency wallet. It’s a place where you can store your crypto. Basically, it is like storing your fiat money in your regular wallet, but this time it is in a digital wallet.
   Here is a quick guide on how to set up your wallet.
   
2. Sign in to your Easy Crypto Account
   If you’re a new user — welcome! Click on the Sign-up button to create an account and proceed with the account verification process.
   
3. Buy Ethereum in NZ by selecting an amount in NZD
   After a new user account has been verified, Easy Crypto users can enter an amount of Ethereum they would like to purchase in New Zealand dollars. After confirming this amount, users can then pay via direct bank transfer or POLi instant pay.

What is Ethereum?

Ethereum was created in 2015 by Russian-Canadian programmer Vitalik Buterin. Based on the same decentralised principles of Bitcoin, Ethereum significantly expanded on the capabilities of what a cryptocurrency and blockchain could be.

Chief among innovations is the ability of the Ethereum blockchain to act as a decentralised virtual computer.

Using the Ethereum Virtual Machine (EVM), independent developers can create secondary blockchain-based apps called Dapps and tokens, built upon the Ethereum Network. 

Instead of having to build new blockchains from scratch, businesses and individuals can, therefore, deploy new cryptocurrencies, blockchain-based services, and even full software applications on top of Ethereum’s core infrastructure.

Cryptocurrencies built on top of the Ethereum blockchain are called ERC-20 tokens, and they can be used for an almost infinite amount of applications. 

ERC-20 tokens can be built to tether real-world assets to tokens, to represent votes in an election, to represent CO2 emissions for governments to auction to corporations and beyond! 

Read more: What are ERC20 Tokens?

Ethereum use cases & future implications

At present, Ethereum D’Apps exist which can tokenize real word assets, provide on-demand distributed computing power, and power new digital identification systems.

Ethereum also allows individuals and businesses to create Smart Contracts that provide computerised automated contracts to any Ethereum wallet or token built on the Ethernet. 

These are self-executing applications which automatically verify and enforce contractual terms associated with transactions.

• Smart Contracts can be used to transact data, ownership of real-world assets and cryptocurrency on the Ethereum Network.
• Smart contracts are used by insurance agencies to fight fraud.
• Smart contracts streamline, expedite, and improve the security of real estate transactions.
• New startups regularly use D’Apps and smart contracts to raise startup capital via initial coin offerings (ICOs).
• Smart Contracts are expected to revolutionise the world of contracts and power them forward digitally into the automated computerised world.

Ready to buy Ethereum (ETH)? Click here to browse our 100+ cryptocurrencies on Easy Crypto.