Investing in crypto, made clear
Five ways New Zealanders invest in crypto, compared side by side.
How to invest in crypto in New Zealand
New Zealanders can invest in crypto in five main ways: buying coins on an exchange or app, holding coins in their own wallet, buying a crypto exchange-traded fund (ETF), choosing a KiwiSaver with some crypto, or buying shares in a New Zealand company that manages a crypto portfolio, such as Crossgate Capital. Which suits you depends on how much you want to manage yourself, which assets you want, and how long you plan to hold.
The Five Ways Compared:
1. EXCHANGE OR APP
What you own: Individual coins that you select
Who manages it: You
Things to know: Quick to start; you manage security, research and tax records
2. YOUR OWN WALLET
What you own: Coins and your private keys
Who manages it: You
Things to know: Full control; if keys or recovery phrase are lost, the crypto can be lost
3. CRYPTO ETF
What you own: Units in a fund tracking for example Bitcoin
Who manages it: Fund manager
Things to know: Bought through a share platform; usually one asset; indirect ownership
4. KIWISAVER
What you own: Small crypto share within a wider fund
Who manages it: Fund manager
Things to know: Crypto is usually a small part of fund
Or have a specialist team manage it for you
5. Investing in crypto through Crossgate Capital
What you own: Shares in Crossgate Capital, a New Zealand company that holds a diversified crypto portfolio for its shareholders. The portfolio is anchored by Bitcoin and Ethereum and spreads across a wider range of coins, selected and monitored by our team. One investment gives you exposure to the whole portfolio.
Who manages it: Crossgate's specialist team, which has invested in crypto since 2019. We handle the work that makes crypto hard to do well on your own: research and coin selection, buying and selling, BitGo institutional storage in Crossgate's own name, staking, record keeping and reporting. You don't need an exchange account, a wallet or private keys or technical knowledge.
Things to know: We welcome investors of all sizes, from $100, as an individual, jointly, or through a trust or company. You can add lump sums or set up a regular savings plan. Eligible assets may be staked on shareholders' behalf, with the potential for distributions at the Board's discretion. Crossgate pays tax at company level and gives shareholders an annual tax certificate, and you can follow your investment in the Investor Portal and quarterly reports. Crossgate is a registered financial service provider (FSP649949)*.