Guide To Buying Cryptocurrencies
If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. I have made a quick guide for people who are interested in buying cryptocurrencies but dont have much idea where to start. FULL DISCLOSURE: I work for a cryptocurrency business called Popcoin.co.nz, I have however tried to make this guide as unbiased and fact based as possible. So you want to buy some Bitcoin or Altcoins but dont know where to go? I am going to list a few places and discuss their pros and cons. At the bottom I will try include a basic flow diagram to help. Kraken.com Kraken is one of the worlds largest cryptocurrency exchanges. They have more than 10,000 new sign ups every day! Theyre one of the cheapest places to buy cryptocurrency in the world. Current price of bitcoin: USD$4097.50 + USD$10 (Kraken deposit fee) * 1.41 (ANZ FX Rate) = NZD$5791.58 They have huge deposit allowances. A tier 3 account can deposit up to USD$25,000 per day! Offers a lot of Altcoins (Ethereum, DASH, Ripple, Bitcoin Cash, ect) Currency will be in your wallet almost instantly upon purchasing. Customer service is almost unheard of. The customer service team is so over run that getting any help is extremely slow. Getting your account verified is very slow. It took me about 3 weeks to get my account verified to Tier 2 (Can deposit up to $2000 a day). Another two more weeks after that to get it to Tier 3 (Can deposit up to $25,000 a day). It takes a while to deposit money into your account. You will need to send USD to Krakens Japanese accounts to top up your account. This can usually take up to 5 working days for the Continue reading >>
Bitprime - Buy And Sell Cryptocurrencies At Competitive Rates
"I was fortunate enough to come across Bitprime when I first decided to get involved in cryptocurrency in September 17. At that stage I knew very little about it. Ross from Bitprime was extremely informative on the subject and answered a great variety of questions very clearly. I purchased my first crypto through BitPrime and have since made multiple purchases and sold crypto back as well. Great to deal with, and always happy to go the extra mile for their clients I am very happy to recommend BitPrime as a cryptocurrency retailer." "I started my cryptocurrency journey with BitPrime back in Nov 2017. I dealt with Court, Lucy, Monique and Ross, the team is very supportive, trustworthy and friendly. I highly recommend BitPrime." "From being an absolute novice in cryptocurriencies and a rather basic computer user Lucy and the Bitprime team guided me through the process of application verification and wallet selection to be able to invest in Etherem and Litecoin. There patience and detailed instructions made it possible for a 73 year old to expand her knowledge and have fun in the new age of investing.'' I love BitPrime, and am so grateful they exist! Without them I would never have been able to begin buying cryptos and building my portfolio, as I found dealing with the exchanges too daunting. Everyone, of course, needs to make their own decision about whether to pay a broker premium to buy a commodity like cryptos, but for me the premium is well worth it as it makes buying cryptos worry-free and effortless. I have found the people at BitPrime to be kind, responsive and very honest. The only time during the last 3 months that Ive felt frustrated is when they have been so swamped with new clients and orders that they havent been able to process my orders immediately. But I i Continue reading >>
How To Buy Bitcoin In Nz (& Aus): A Beginners Guide
Another way to buy Bitcoin in NZis through the site localbitcoins.com . Localbitcoins is more like a P2P Bitcoin exchange that matches you with a buyer or seller in your location. The Bitcoin is deposited in Escrow while the trade takes place, and once the seller confirms your deposit was received the Bitcoin is released into your localbitcoins account. There are various sellers based in New Zealand, and you can make your purchase with a simple internet banking transfer. Its a fast, no-fuss way to make your first Bitcoin purchase. No ID verification or lengthy account set up needed (although some sellers will request this). The price is always inflated. For example, as I type this right now, the market price on Independent Reserve is $10,400 NZD. The cheapest price offered on localbitcoins $11,154 NZD, so about a $750 premium. Most sellers have a minimum purchase, usually around $500. On exchanges like Independent Reserve, you can buy as little as $10 if you want to. Localbitcoins is a good option if youre not planning on buying Bitcoin regularly or not planning on putting in too much money. If youre the kind of person whos thinking Ill just put in 200 bucks and see what happens to it in ten years then localbitcoins is probably a good choice. You can buy Bitcoin quickly and safely with a simple bank deposit. If you plan on regularly buying and selling Bitcoin, Id highly recommend using an exchange such as Independent Reserve. Youll have much more freedom and youll get much better prices too. How to buy Bitcoin using localbitcoins.com First you need to set up an account. This is much easier than the process Independent Reserve has. Simply go to localbitcoins.com and click the big green Sign Up Free button on the homepage: Youll get taken to a Register screen where you c Continue reading >>
Token Room - Buy Bitcoin, Ethereum, Xrp And Other Cryptocurrency.
Crypto is a peer-to-peer public decentralised system that enables two or more parties to transact together and understand that no party was able to double spend -spend the money twice. This is carried out on a system known as a Blockchain that employs something known as Distributed Ledger Technology. Bitcoin was the first such digital currency. It was released as a part of a white paper authored by an individual or a group using the pseudonym Satoshi Nakamoto. It was this white paper that introduced the world to Blockchain, distributed ledger technology and a digital payment platform that spawned Bitcoin. In order to do this some pretty advanced cryptography is used to ensure privacy and immutability. Since that initial white paper an entire industry has evolved. There are in excess of 1200 different cryptocurrencies, some that look and act like cash we would spend at the corner dairy (these are what we term value tokens), others that are more akin to the milk tokens that people used to place in empty milk bottles for the milkman to replace on his run. Others underpin highly sophisticated financial instruments that delve into prediction markets to predict the future price of things based on sentiment. Token Room is pleased to be able to offer you the opportunity to purchase some of these cryptocurrencies now . You will find more details specific to the currencies we offer on our currency description pages. ( Bitcoin , Ethereum , Litecoin , Ripple & Zcash ) The registration process enables us to meet stringent criteria around Anti Money Laundering and Counter Financing of Terror laws (AML/CFT). If another entity allows a more simplified account set up process, with less information required, they may not be meeting minimum standards, and wed recommend you did some of yo Continue reading >>
Should You Invest In Cryptocurrency And Icos?
Should you invest in cryptocurrency and ICOs? The virtual currency continues a stratospheric rise that has seen it increase more than tenfold this year. With a ten-fold increase in the value of Bitcoin over the past year, the increasing stabilisation of so-called "altcoins" like Ethereum and Ripple, and the exploding Initial Coin Offering (ICO) market, it's a boom time for cryptocurrency. However, New Zealand has been slow to catch on particularly our government and banks. As I explained in a previous column , the local banks have been cracking down on bitcoin exchanges and anyone who has significant dealings in cryptocurrency. Although the situation is slowly improving, buying and selling cryptocurrency in New Zealand remains problematic. Digital currencies like bitcoin are exploding in value. Cryptopia, Kiwicoin, NZBCX, BitPrime and newcomer Dasset are some of the local operations that allow you to trade bitcoin (and sometimes altcoins). So there are kiwi services out there, but the problem is their relationship to our banks. For example, two weeks agoNZBCXwas "forced" to suspend bank deposits. It appears they're back up and running now, but this kind of uncertainty isn't good for anyone. * Marlborough property for sale - and bitcoin will be accepted Partly for this reason, experienced cryptocurrency traders in New Zealand tend to favour international exchanges like Poloniex and Independent Reserve. They also claim to get better rates that way. However, trading through overseas exchanges comes with its own set of risks. You'll need to factor in often opaque foreign exchange rates and trust that an unknown foreign party will handle your money correctly. If there's any problem, you'll have no legal recourse. Acting Reserve Bank governor Grant Spencer says bitcoin is no Continue reading >>
How To Buy Bitcoin In New Zealand | Finder Nz
Before getting started, you need a place to put your bitcoin. That means either getting a wallet or looking for a broker/exchange that offers you a wallet as part of its service. Cryptocurrency wallets in New Zealand: How to choose If youre a cryptocurrency beginner, there are probably three basic types of wallets you might consider. Desktop Simple, secure, easy to use and popular, this wallet is in the form of a program you download to your computer. Its quick and easy, but you want to be sure that your computer is free of viruses or malware. Smartphone The same as above, but its an app for your phone instead. Hardware An option for holding your currency securely offline in a more physical form. These wallets are like USBs or hard drives that hold your cryptocurrency. You can compare hardware wallets here . They can be a good combination of security and familiarity for anyone whos not entirely confident with new technology, and they can also be a good physical backup to have on hand. You can get bitcoin in three simple steps. You can download and create a wallet online. The wallet is where you hold your bitcoin, and there are plenty of options , such as Blockchain.info . This wallet is widely used, backed by millions in venture capital and is designed to be simple and reliable. To set it up securely, just follow the prompts in the security centre. Its much like downloading and installing any other software. Step 2 Find a bitcoin service and make your payment Choose a service you like and make your money transfer. The quickest and simplest way is to find a broker to buy bitcoin on your behalf, but you might also create an account on an exchange if youre looking for better value for money and want to get more deeply involved in cryptocurrency. You will probably need to Continue reading >>
Wex | Bitcoin Exchange, Namecoin Exchange, Litecoin Exchange, Btc Exchange
codie72 : dreamtrove, yea the closest one I have seen is that youtube clone, no shit it gets the mind running.. Its just directs viewers to stored video ffiles on ya PC or whatever, however you could use the framework to build websites that sit out on the net miners get paid by the hosters, they could store codie72 : dreamtrove, there files on their own servers just have the urls directed.. but compute of the chain well using the powoer of the chain I think some interesting things will come in the next couple fo years will be awesome codie72 : dreamtrove, virtulising a market place not just url forwarding though dreamtrove : yes, i have a plan for a blockchain competitor to amazon dreamtrove : there are a lot of things that could be done. A lot that need to be done Bitbiter : Does any track the disparity between kraken and wex? codie72 : scottyw61, not sure cant remember the name of all those projects, but there is some cool shit being made and it makes it hard to base a project off for yourself dreamtrove : security for coins themselves, that makes them harder to steal, long term self scaling coins that don't dreamtrove : there's a lot fo cool tech. of course the first one with cool tech doesn't always become the winner, it's those who apply that in a practical way bomtan001 : amena, just a guess on the chart , ppc nmc on 6$-12$ December sure Ferdous : Sell ppc now and get lower at 3.1 codie72 : dreamtrove, exactly, but you could always just do ya 2x get a good platform and most of the cool shit can run on offchain tech the everyone is developing serper : is ppc the next coin to break out of .0003 ?? Ferdous : bomtan001, everybody is here in fear...they are greedy but they can not hold codie72 : well im off, since we went back intime to yesterdays candles Continue reading >>
Cryptocurrencies Bitcoin | Fma
Cryptocurrencies are digital tokens you can buy through an online exchange or through Initial Coin Offers (ICOs). Many online exchanges are unregulated, so its important to understand the risks before you invest. 3 things you need to know about cryptocurrencies like Bitcoin Theyre high risk and highly volatile the price can go up and down very quickly Cryptocurrencies, crypto-exchanges and the people that use them are often the targets of hacking, online fraud and scams Cryptocurrencies use encryption technology to control the amount of currency issued and to record ownership and payments. They are not legal tender (money that must be accepted as payment) and do not exist physically as notes and coins. There are over1,300 different cryptocurrencies available on the internet including bitcoin, ethereum, ripple and litecoin. When you buy cryptocurrency, it is held in a digital wallet. It can be used to buy goods or services from anyone willing to accept it. Cryptocurrency exchanges enable you to buy and sell cryptocurrency and some allow you to convert it back into money like New Zealand dollars at any time, if someone is willing to buy it. Some cryptocurrencies are offered through ICOs. These are high risk investments offered by a business or individual raising money for an online venture, like the development of a digital platform. Funds are raised by issuing tokens. make a profit if the cryptocurrency increases in value make payments directly without going through the banking system benefit from lower (usually zero) transaction fees compared with traditional banks and other online payment processes when purchasing goods and services invest in a business or individual raising money through an ICO. Many overseas cryptocurrency exchanges are unregulated and operate exclu Continue reading >>
Five Cryptocurrencies To Watch In 2018
Mainstream investors spent much of 2017 trying to figure out how to jump in on bitcoin, the digital currency that's seen its price balloon to as high as US$19,000 (NZ$27,000) in recent months. But even as many hope to make a quick buck by trading on the cryptocurrency's shifting value, many experts in the field have long been exploring other alternatives that could hold just as much promise. As we head into the new year, here are a few crypto-assets that analysts say are worth watching. But remember: As exciting and rewarding as it may be to think about investing, the risks here are equally great. As with other highly volatile assets, you might want to think twice about getting involved - unless you're willing to accept losing it all. There are a few crypto-assets that analysts say are worth watching aside from bitcoin. You can think of bitcoin cash as bitcoin's faster and younger sibling. Functionally speaking, it works in much the same way: It's simply a form of digital cash you can use to buy real-world goods and services, such as a cup of coffee. But it was invented only last year after a number of developers working on regular bitcoin, or "bitcoin core" as some call it, decided they were unhappy with the direction of the main project. At issue was how quickly and cheaply bitcoin could process transactions. Bitcoin's rising popularity had strained the platform's capacity - which meant that over time, if you wanted to buy or sell something on the network, you had to pay ever higher fees to have your transaction cleared. Bitcoin made certain changes in its code to bring down those fees and speed things up, but the people who wound up creating bitcoin cash wanted to go much further. That's how bitcoin cash was born. ZCash offers more anonymity than bitcoin. If bitcoin Continue reading >>
Taken To The Cleaners Why I Regret Buying Bitcoin
Taken to the cleaners why I regret buying bitcoin Bitcoin has been hailed as "Gold 2.0" due to its revolutionary technology which combines currency with payment system. But there's a bit of a problem. For a currency supposedly designed to prevent the little guy getting ripped off by the evil banks, buying bitcoin sure feels suspiciously like a rip-off. Last week, as the cryptocurrency was marching towards a fresh record high of $US17,000, I figured I would join the Japanese housewives, North Korean spies and billionaire twins in buying a couple of these famous bitcoins, said news.com.au . Or more accurately, 0.01298716 bitcoin. Three hundred dollars worth because as it turns out, CoinBase, the world's largest cryptocurrency exchange, sets arbitrary purchase limits on international customers. It also fails to mention, until after you sign up, that Aussie customers can only buy, not sell, on the platform which one would think was a fairly important caveat. "Subscribe to our blog to be notified when we add support for your country!" the message read. The cheerful tone didn't help to alleviate the feeling, as bitcoin's value plummeted by more than 23 per cent that weekend and the "sell" button remained cheerfully greyed out, that I had just made a small contribution to a very, very large Ponzi scheme. Then there are the fees, fees and more fees. CoinBase charges eye-watering fees of nearly 4 per cent on a $300 purchase, I paid $11.50 although other exchanges are not much better. Some charge a percentage for trades, others charge a percentage or even a set number of bitcoin when you cash out, but all of them are making an absolute killing on fees and arbitrage. On bitcoin forums and message boards, one of the most common topics is fees who has the lowest, how to avoid them. Continue reading >>
Bitprime Review - New Zealand Buy & Sell Bitcoin Cryptocurrency Exchange?
BitPrime is a New Zealand-based company that promises to take all the hassle out of buying and selling bitcoins. Read our BitPrime review to find out how it works. BitPrime, found online at BitPrime.co.nz, is a bitcoin payment platform that promises to complete your transactions in a fast, secure, and convenient way. The platform is catered towards residents of New Zealand and claims to be the countrys premier cryptocurrency exchange. The platform is New Zealand owned and operated. Like other bitcoin exchanges, BitPrime lets you buy and sell cryptocurrencies over their online trading platform. The main advantage of BitPrime is that you can trade the New Zealand Dollar (NZD) for bitcoin and other cryptocurrencies. BitPrime launched three months ago. A recent press release showed that the platform has experienced rapid growth. In three months since launch, BitPrime has processed over $600,000 worth of transactions. You can begin trading on BitPrime by signing up through the official website at BitPrime.co.nz. Youll need to verify your identity with the platform only if youre depositing money through bank transfer. You can purchase bitcoin by cash deposit without submitting identity documents. If youre depositing money via bank transfer, then youll need to submit a considerable number of identifying documents, including: A photo of your New Zealand drivers license or passport A photo holding your identification next to your face A photo of you holding a piece of paper with the date and time and BitPrime written on it A utility bill or letter from the last three months with your name and address on it Once youve submitted all those documents, you can transfer money to BitPrime by bank deposit. Alternatively, you can deposit money through cash deposits without the need for Continue reading >>
Where To Buy Bitcoin In New Zealand?
Cryptocurrency January 1, 2018 No Comments Sam Frost This is a bit of a departure from my usual content (reviews) but today I want to address something that might be of relevance to a number of readers of this blog especially due to the popularity of my review of My Bitcoin Saver . The question Im going to ask in as simple and easy fashion as I possibly can is: how to buy Bitcoin in New Zealand? Rather than bore you with some complicated guide, here are a few different ways you can buy Bitcoin in NZ, along with some pros and cons of each. This is the easiest service I have come across so far. After having tried a number of ways to purchase Bitcoin in NZ (NB Im talking specifically here about Bitcoin and not other cryptos like Litecoin etc) I still believe that My Bitcoin Saver is absolutely the best way to get started with BTC in NZ. It doesnt get much easier than that. Go here for my full review of the service and more info. Cryptopia is an NZ-based cryptocurrency exchange. Its not one of the biggest ones, but it is growing and also has the benefit of giving you access to many different potential cryptocurrency investments (I use the word investment in the loosest possible sense, as most cryptos are completely speculative purchases, but theres something fun in knowing that $20 worth of XYZ coin might be worth $10,000 in a few years time). Cryptopia also makes it relatively easy to buy Bitcoin in New Zealand. Heres how: Follow their verification process (it involves submitting a picture of yourself holding NZ-legal ID, .e.g drivers licence) Deposit money into the Cryptopia account using your unique details you will be provided with. You will receive an equivalent amount (1:1 ratio) of something called NZDT this is like a crypto token pegged to the NZD value. Use NZDT t Continue reading >>
Coinbase - Buy Bitcoin & More 4+
Thanks again for joining us on this journey! Were constantly working to bring you a better experience. With this release, weve made a few updates we think youll love: - Fixed an issue when adding bank accounts - New and improved buy and sell experience You can read more about our improvements at blog.coinbase.com. Thanks again for joining us on this journey! Were constantly working to bring you a better experience. With this release, weve made a few updates we think youll love: - Fixed an issue when adding bank accounts - New and improved buy and sell experience You can read more about our improvements at blog.coinbase.com. Segwit is now rolled out to 100% of customers. Please be aware that you should only send Bitcoin Cash (BCH) to your BCH wallet and Bitcoin (BTC) to your BTC wallet. After Segwit, we will not be able to recover funds sent to incorrect wallets / addresses. Thanks again for joining us on this journey! Were constantly working to bring you a better experience. With this release, weve made a few updates we think youll love: Improvements to the buy and sell experience - Added password manager support for linking bank accounts - Fixed an issue when adding bank accounts You can read more about our improvements at blog.coinbase.com. Segwit is now rolled out to 100% of customers. Please be aware that you should only send Bitcoin Cash (BCH) to your BCH wallet and Bitcoin (BTC) to your BTC wallet. After Segwit, we will not be able to recover funds sent to incorrect wallets / addresses. Thanks again for joining us on this journey! Were constantly working to bring you a better experience. With this release, weve made a few updates we think youll love: - Improvements to the buy and sell experience - Added password manager support for linking bank accounts You can r Continue reading >>
New Zealand Cryptocurrency Exchange Forced Into Bank Account Closure
New Zealand Cryptocurrency Exchange Forced into Bank Account Closure Join our community of 10 000 traders on Hacked.com for just $39 per month. Cryptocurrency exchangeCryptopia has announced that its bank is to close its New Zealand dollar-tethered (NZDT) trading accounts. Unfortunately, our current bank has notified us that they intend to close our NZDT account on 9 February. Due to this, we are announcing an immediate halt to NZDT deposits from COB today and we are asking all customers to cease sending NZD deposits to our NZDT account, read an announcement from Cryptopia. However, the exchange has received an extension from the bank on its NZDT account for withdrawals until the 31 March. Were still working on a number of options to resolve deposits and will update with news as it happens. Cryptopia is an exchange that enables traders to deposit, trade, and withdraw over 400 digital currencies including bitcoin and litecoin, according to its website. By converting New Zealand dollars to cryptocurrency by depositing it into the NZDT account, traders have a way of getting into and out of the market. As a result of the closure, the exchange is offering a competitive rate to traders holding NZDT to convert to bitcoin. Cryptopia added that while it was searching for secure alternative banking services, it was also preparing for the possibility that there may be a period of time between the closure and when they can deliver services again, adding: Rest assured, Cryptopia is committed to ensuring our users remain the top priority and have access to their funds at all times. RichardMacManus, a technology columnist and trader at Cryptopia took to social media to say that it wasnt just Cryptopia that was facing problems with banks in the country. Im hearing that at least one ot Continue reading >>
Best Secure Way To Buy Bitcoin (btc) And Ethereum (eth) In Nz? : Newzealand
Submissions must be directly related to NZ To discuss unrelated links and how they affect/relate to NZ, use a self/text post. No posting or collation of personally identifiable information of other users This is continued harassment, or overt abuse. Reddit's harassment policy Any posts that attacks, threatens, or insults a person or group on the basis of national origin, ethnicity and/or colour, religion, gender, sexual orientation, disability and so on may be removed at a mod's discretion If a submission has already been submitted (even from another source) the new post will be removed and a link left in the comments so the new posters can join in the main conversation. Links with substantial new information may be left at mod's discretion Editorialising titles tries to mask or change a story based on the bias of the submitter. Opinions are fine in self-posts or as comments to a link post. No bots unless prior arrangement has been made. The vast majority of bots will not be approved outside of select circumstances. Continue reading >>