How To Buy Bitcoin - Making The Complex Simple
Are you finding it challenging to buy bitcoin in New Zealand?
If you’re looking for answers to questions like:
Where do I buy bitcoin and other cryptocurrencies at a good price?
Which cryptocurrencies should I buy?
What is the best time to buy?
How do I store cryptocurrency?
What is this wallet they keep talking about?
Look no further. Crossgate Capital was founded to provide a simple way to buy bitcoin and other cryptocurrencies, without having to be tech savvy.
Get started with as little as $100. Make a one-off investment or set up an automatic payment and build your portfolio over time.
Crossgate Capital removes the ‘pain points’ of investing individually and managing ownership of various crypto assets, including storage, tax, security, trading and reporting.
If you are looking to buy bitcoin yourself, provided below are some useful steps to help you.
Set-Up A Wallet
Digital “wallets” are used to store Bitcoin until you are ready to spend them or exchange them for another currency. Wallets are secure to varying degrees. The level of security depends on the type of wallet you use (desktop, mobile, online, paper, hardware) and the service provider. It is advisable to store your bitcoin in an offline “cold storage” wallet.
Select The Right Exchange
If you are looking to buy Bitcoin yourself, then you will need to find an exchange.
It is important to do research to ensure that you are using a legitimate and secure platform. The method of purchasing cryptocurrency varies between platforms. Some exchanges require deposits by bank transfer, some use PayPal, some accept credit and debit cards, and some may only accept cryptocurrency for purchases.
When is the Right Time to Buy?
It is worth undertaking research to work out how the market is performing. Review a number of key metrics which will help you consider when is the right time to buy. Bitcoin is traded 24/7 and its price changes every second. Review the metrics that we consider when appraising cryptocurrencies, click here
Buy Bitcoin & Transfer To Your Wallet
Once you have purchased the bitcoin, you should transfer the bitcoin to the address of the Bitcoin wallet you have created that’s off the exchange.
We use BitGo to store the majority of our crypto assets, read more
Confirm Bitcoin Has Been Received
Check your wallet balance to verify that your Bitcoin has arrived as planned.
Or simply invest with Crossgate Capital.
We provide an easy on-ramp into cryptocurrencies through the more familiar form of purchasing shares in a New Zealand company.
We take care of all the challenges of investing in cryptocurrencies and consider this sets us apart from other ways to invest in this sector.