How to Buy Crypto with BNZ Bank
Summary: While BNZ Bank doesn’t offer crypto trading on its own platform, you can easily use your account to buy crypto using a third-party cryptocurrency trading platform.
There are plenty of crypto exchanges to choose from, we recommend using eToro as the exchange to work with.
They have most of the popular cryptocurrencies available, are easy to work with, and have fantastic support!
Buy Crypto with eToro
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As mentioned above, just like most banks, BNZ Bank doesn’t offer cryptocurrency trading directly, as setting up a cryptocurrency trading platform is quite complex and comes with regulations and extra requirements for the banks.
Luckily for us, there are plenty of cryptocurrency exchanges to choose from that you can use to buy bitcoin or any other cryptocurrency you might want.
Once signed up to an exchange (we’ll be using eToro for our example as it’s a widely trusted and global exchange), you can simply transfer funds from your bank account to the exchange, and trade it for crypto.
Table of Contents
How to buy crypto or bitcoin with BNZ Bank
There are only 4 steps involved, let’s get started!
1. Choose a crypto exchange
As mentioned above, we’ll be using eToro for this guide as they are a widely used exchange and have over 50 cryptocurrencies to choose from. They also have a few really neat features like “Copy Trading”, which enables users to copy the trades of popular investors on the platform.
You can, of course, use any trusted crypto exchange for this, the steps will be very similar for most exchanges.
Let’s get started!
2. Sign up with the trading platform
The first thing to do is to sign up with the platform.
Once you’ve completed the initial sign up process, you’ll have to go through a quick verification process (also known as KYC).
3. Funding your account
Next up is funding your account. When it comes to depositing money to your eToro account, you have the option to use a bank transfer, PayPal, credit/debit card, and more.
4. Buy cryptocurrency
Finally, just go to the eToro Markets section, find the cryptocurrency you would like, and buy it.
And that’s it, it’s all pretty straightforward, now you know how to buy bitcoin or most other cryptocurrencies with BNZ Bank.
About BNZ Bank
Bank of New Zealand (BNZ), one of New Zealand’s four largest banks, has been in operation in New Zealand since October 1861 when the first office opened in Auckland. The first branch was then opened in Dunedin in December 18.61. It offers a range of financial services that include retail, business, and institutional banking. The bank employs more than 5,000 people in New Zealand. The National Australia Bank purchased the bank in 1992. It has been operated as a subsidiary since then, but retains local governance through a New Zealand board.
The government, along with others, brought capital into New Zealand in the 1860s-1870s. The economy was booming, there were many jobs and the development process was rapid. This helped to drive up property values. The 1880s saw a drop in staple products, the rabbit pest reduced wool production and the government reduced public works expenditures by 75%. Many landowners and businessmen lost half of their former value, making it impossible for them to realize the true value of their land. The working class was unable to buy goods or pay back its debts. There was no frozen meat or dairy industry.
Bank of New Zealand offers a variety of services for retail customers. These include savings and investments as well as home loans, credit cards and personal loans. Insurance and international migrant banking are also available. Customers can bank via telephone banking, internet banking, or in one of the 180 branches located throughout New Zealand.
Bank of New Zealand's business banking has been renamed BNZ Partners. It offers a wide range of banking services to small, medium and large companies. Transactional bank accounts, loans, finance, card, payment, insurance, and international banking services are all available to businesses that deal with foreign exchange, exports, and imports. The Bank of New Zealand's Business Banking Division provides specialist knowledge to banking staff in various industries, including Agribusiness, Medical and Professional, Property, Franchising, Iwi, Franchising, and Not-for Profit.
The institutional banking division of Bank of New Zealand provides wholesale banking services to large corporations, financial institutions, and government entities. These services are available in a variety of industries, including manufacturing and retailing, energy; utilities; telecommunications infrastructure; property; local governments; health; education. BNZ was named lead arranger of the $600 million syndicated loan facility for Auckland Council. BNZ was awarded the contract in June 2010 to provide Auckland Council with over-the-counter and transactional services.
Bank of New Zealand's main management and administration offices are located in Wellington, Auckland, and the bank also operates a national network of 180 retail shops and business centers (known as Partner Centres).
Bank of New Zealand was the first bank to go carbon neutral in New Zealand. After a three-year effort to reduce emissions, Bank of New Zealand announced the achievement in September 2010. This was after encouraging employees to change their behaviour at work and home. It also purchased quality carbon credits that offset unavoidable emissions. The company's administration and management staff were housed in three new, efficient buildings. This was the most prominent aspect of the initiative. Two of these buildings are located in Auckland CBD at Quay park and one at 80 Queen Street. The Harbour Quays complex is located on the Wellington waterfront. After it received three Five Green Stars awards, the Deloitte Centre on 80 Queen Street was named "the greenest building in New Zealand". In 2008, the BNZ Quay Park building received a BeST Design Award for Offices and Workplace Environments.