How To Buy Crypto with BNZ Bank

    • James Page

James HeadshotAuthor: James Page - Last Updated on June 28, 2022

Summary: Banks generally don’t offer crypto trading as part of their platform due to the regulations and complexities that come with setting up a crypto trading platform. However, that doesn’t mean you can’t use your BNZ Bank account to buy crypto.

All you need is a reliable and trusted crypto exchange. We recommend using eToro as it’s a very well-known exchange (rated 4.2/5 with over 15000 reviews) with a good amount of cryptocurrencies to choose from and great support.

Buy Crypto with eToro

How to buy crypto or bitcoin with BNZ Bank

As stated above, just like with the vast majority of banks, you can’t buy crypto with BNZ Bank on their platform. At the time of writing, banks aren’t implementing crypto trading platforms yet, seemingly because of the extra regulations they need to adhere to, in addition to other complexities when it comes to setting up a cryptocurrency trading platform.

However, luckily for us, there are plenty of crypto trading platforms to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.

1. Choose a cryptocurrency trading platform

While there are a lot of crypto exchanges, it can get a bit tricky comparing them all as they all offer very similar features. The differentiating factors are mainly fees, the amount of digital assets to choose from, and any special features that the other exchanges don’t have.

The reason we recommend going with eToro is that they have a great combo of global reach (a lot of exchanges only work within specific GEOs), competitive fees, and a few very neat features (like “Copy Trading”, which allows you to copy the trades of other investors on the platform).

Let’s get into it!

etoro crypto

2. Create an account on the exchange

The first thing to do is to create an account on the exchange and go through the required verification processes, which should go very smoothly as they’ve got it all streamlined.

Sign Up with eToro

eToro sign up form

3. Transfer funds into the account

Transferring funds from your BNZ Bank account is also pretty easy as eToro supports bank transfer, PayPal, credit/debit card, and a few more deposit methods.

4. Buy crypto

Once the funds are in the account, you can navigate to their markets section, choose your cryptocurrency and hit the buy/trade button.

And that’s it, you now have some crypto, congratulations!

Buy Crypto with eToro

 

 

About BNZ Bank

Bank of New Zealand is one of New Zealand’s largest four banks. It has been open in New Zealand since October 1861, when the first office in Auckland was opened. Soon after, the first branch in Dunedin was opened in December 1861. It provides a wide range of financial services, including retail, institutional and business banking. More than 5,000 New Zealanders are employed by the bank. The National Australia Bank bought the bank in 1992. Since then, the bank has been operated as an affiliate. However, it maintains local governance with a New Zealand board.

Capital was imported into New Zealand by the government and other agencies in the 1870s and 1870s. There was plenty to do, the economy developed quickly, and property prices rose. Prices of staple products dropped very much in the 1880s, as the rabbit pest cut wool production and government spending on public works was cut by 75%. It was impossible to value land and many businessmen and runholders were left bankrupt. This meant that the income of the working class was not enough to pay its bills or buy new goods. There was no dairying and no frozen meat industry.

Bank of New Zealand offers retail customers a wide range of products and services, including savings and investments, home loans and credit cards, personal loans and insurance, as well as international and migrant bank services. Customers can bank by phone, online banking, or visiting any of the 180 branches throughout New Zealand.

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