Sell Bitcoin (BTC) in New Zealand

What is Bitcoin?

Bitcoin is the world’s first decentralised digital currency with no central bank, authority or administrator that controls or approves transactions. Bitcoin is securely stored and exchanged through a digital ledger that is otherwise known as a Blockchain.

The genesis of Bitcoin dates back to October 31, 2008, when an individual or group of individuals acting under the pseudonym “Satoshi Nakamoto” published the Bitcoin whitepaper. Bitcoins are divisible into smaller units called ‘Satoshis’, similar to the way a dollar is divisible into cents. However, each Satoshi is worth 0.00000001 Bitcoin.

We get it, you want to HODL, but there are some reasons why you might consider cashing out:

To sell at a higher price since you bought it at a lower one.
To get back the initial money you put into buying Bitcoin
To sell immediately if the the price action is going differently from what you expect
To diversify your portfolio by adding some other tokens to your wallet
To use your profit to buy something in real life, maybe a car, a house or a gift to your loved one

The market price did not meet your sell price. You may have to wait a bit or modify your order. Here are some tips for successful sell orders:

If you want to sell immediately, use market order (if you are happy with the price).
If you want to sell at a specific price, use a limit order. How far your price is from the current market rate determines how long you'll wait
Plan your trades accordingly. Ideally from the start, have a plan on what price you intend to sell on profit if the price goes up and what price you intend to cut loss if it goes down.
Have a target price where you are happy to sell right from the start. This can help prevent excitement or nerves clouding your judgement later on.

For your safety, we approve all withdrawals manually, so cash outs to Australian banks may take a day and for others within 2 - 3 business days.

You’re in the right place. Deposit funds using Osko and you’ll be trading within minutes. We also accept EFT bank transfers from major banks or SWIFT for our international customers.