If you’re looking for simplicity and quick transaction time, buying Bitcoin with a credit card is a good option. However, there are not many services in New Zealand that allow you to do this.
In this guide we’ll show you how to buy Bitcoin in NZ with a credit card using NZD, from a reputable broker where your funds will be safe.
Why buy Bitcoin with a credit card?
The best reason to buy Bitcoin with a credit card is convenience. It is fast and quick and secure, and you the transaction is pretty much instant. It’s no different to buying anything else online – using a credit is always easier than making a bank transfer or a Paypal payment.
However there are downsides to buying with a credit card, too. One is the fee. Almost always, brokerage services will have an extra fee for credit card payments, as opposed to wire transfer. Mastercard and Visa charge around 1-2% on purchases, and this gets passed onto you.
For many people, the convenience outweighs the few percentage points they lose on fees. Really, it’s up to you.

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How to buy Bitcoin with a credit card in NZD?
As we said earlier, you’ll need to use an international exchange or brokerage to do this.
The company that we recommend is Binance.
Binance is probably the best known cryptocurrency exchange in the world. It is easily the largest exchange by trade volume, doing 5x as much volume as the second largest exchange; these figures are from Coinmarketcap on the day I’m writing this article (December 2020):

While largest doesn’t always mean best, we think Binance is run by an exceptional team and they would be our first recommendation for buying cryptocurrency with your credit card.
How to purchase Bitcoin with Coinbase in NZD: Step-by-step
In this tutorial, we’ll show you exactly how to purchase using a credit card on Binance.
First, head to the Binance homepage. You can sign up right there by entering your email address on the front page sign up box:

From there you will get taken through the sign up process, where you will need to enter standard details and provide some ID. It’s no different to signing up for a new bank account.
Once you’ve been through registration, you can start purchasing right away!
Click the “Buy Crypto” button in the top left corner and choose credit/debit card:

You will then be taken to an order page which looks like this:

In this example, I will buying $100 NZD of Bitcoin.
Simply enter 100 and then click the “Buy BTC” button.
You will then get asked to enter your card details, and then confirm your payment:

Once you click “Pay Now” you order will start being actioned.
You will be shown an order summary that will show you:
- The current BTC/NZD rate
- How much BTC you will receive
- How much NZD you will pay
- How much is included as fees
- Which card you have chosen to pay with

You can see in this example I will be receiving 0.002952 BTC for a total price of $100 NZD, and the included fee is $2.
Once you click confirm, your order will process instantly.
It’s seriously that fast and easy!
You’re now the proud owner of Bitcoin 😉

Buy other currencies too!
On Binance you can buy many hundreds of cryptocurrencies with your credit or debit card, including Ethereum, Litecoin, 0x, BAT, Kyber, Chainlink, OMG, ZCash, Ripple XRP and many more.
Simply follow the same process and purchase whichever cryptocurrency you like.
Other things that Binance is great for
Binance also has several other cool features.
You can trade cryptocurrencies on margin using leverage (although we would not recommend that unless you’re an experienced trader).
You can also stake cryptocurrencies to earn passive income on your coins (staking is when you deposit tokens to secure the network, and earn coins in return. Here’s what the inside of the staking section looks like:

You can learn more about staking here.
Finally, you can deposit coins into the Binance savings program and earn interest, just like a regular bank account.
Here’s an example of what a Binance savings account looks like:

Don’t want to use your credit card?
If you would prefer to reduce your fees and buy Bitcoin with bank transfer or POLi, we recommend checking out our guide on buying Bitcoin with EasyCrypto NZ.
Note: Please DO NOT go into credit card debt to purchase Bitcoin. Bitcoin is a volatile asset. Only invest money you can afford to lose. Credit cards should be used as a means of convenience, NOT as a source of funding. I am not your financial advisor, and this is not financial advice. Do your own research and consult your own professionals before investing.
References:
https://www.binance.com/en/lending#lending-demandDeposits
https://www.binance.com/en/defi-staking/
LOOKING TO GET STARTED IN CRYPTO?
For all my Bitcoin/cryptocurrency buys, I use Easy Crypto.
See the full directory of places to buy Bitcoin in NZ here.
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