The potential of the crypto market for a moonshot continues to attract traders and investors across the globe. But, finding a secure, easy, and reliable place to buy crypto assets is an important step to trade or invest in New Zealand. So, while there are different places to buy and sell cryptocurrency in the country, crypto ATMs are a method to consider. Hence, there is a need to know how to locate crypto ATMs in New Zealand.
Overview Of Crypto ATMs In New Zealand
Crypto ATMs, or Bitcoin ATMs, bridge the gap between traditional fiat and digital currency by providing a user-friendly interface for crypto transactions. While they look like conventional ATMs that dispense the New Zealand dollar (NZD), you can use cash to buy Bitcoin from crypto ATMs, and you will receive the coin in your wallet.
Therefore, crypto ATMs are an alternative method of trading crypto assets like Bitcoin, Ethereum, Dogecoin, Litecoin, etc., in New Zealand other than popular methods like exchanges, peer-to-peer (P2P) platforms, and over-the-counter (OTC) platforms.
But it should also be noted that you must complete a mandatory KYC (know your customer) procedure to use the ATMs, just as it is required on most crypto trading platforms to buy and sell cryptocurrencies.
New Zealand had its first Bitcoin ATMs in 2014, which were days when KYC was not compulsory. But at the time of writing this article, there are 100 crypto ATMs in New Zealand, which is part of the over 38,000 crypto ATM distributions in the world.
These are widely located across the country, with major cities like Auckland and Christchurch having 38 and 26 ATMs, respectively. Other cities, such as Wellington and Tauranga, have six crypto ATMs each, and there are four machines in Hamilton. You can find a single machine across the remaining cities of the country.
How To Locate Crypto ATMs In New Zealand
Here are the quick steps to locate the nearest crypto ATMs to you in New Zealand:
Step 1: Visit Coin ATM Radar
You need to visit the official website of Coin ATM Radar or download its mobile app. This is one of the two websites dedicated to documenting crypto ATMs across the world. You can also use CoinFlip. But we will be using Coin ATM Radar in this article.
Step 2: Locate New Zealand
Click “Countries” and then “All countries” to locate New Zealand in the list of countries with crypto ATMs. Navigate to Click “New Zealand.”
Step 3: Choose City
You must choose your preferred city on the list of major cities with Bitcoin ATM installations in New Zealand. Your choice is a function of selecting a city closest to you or where you live.
Step 4: Choose Preferred Location In The City
You will be taken to the list of locations in your preferred city where you can find the ATM installation. This also includes details about the trading fees at the crypto ATMs.
Step 5: Get Crypto ATM Address
After choosing your preferred location, you will be directed to the address of the ATM installation and the machine details. Here, you will be able to know the crypto assets you can buy on the ATM and the maximum daily transaction that is permissible.
Frequently Asked Questions (FAQs) About Locating Crypto ATMs In New Zealand
Are There Crypto ATMs In New Zealand?
Yes, there are crypto ATMs in New Zealand, with 100 installations spread across the country when writing this article.
How Can I Locate Bitcoin ATMs In New Zealand?
You can locate the ATMs by using Coin ATM Radar or CoinFlip to get the one nearest to you. The steps in this article can guide you to using the Coin ATM Radar to locate an installation in New Zealand.
Is It Free To Use Crypto ATMs In New Zealand?
Crypto ATM fees are known to be as high as 20% of your transaction, depending on the type of the machine. These charges often comprise a crypto exchange fee, cash exchange fee, or card processing fee (if you use a debit card).
Are There Bitcoin ATMs In Wellington, New Zealand?
Yes, there are six crypto ATM installations in Wellington, and you can also find the ATMs in Christchurch.
Conclusion
Crypto ATMs have simplified how we can trade crypto assets physically if we do not want to buy or sell at exchanges or P2P platforms. You must walk to the nearest ATM installation to start trading Bitcoin or other cryptocurrencies.
You can quickly locate crypto ATMs in New Zealand through the steps we’ve provided in this article, which will guide you in making the best use of the machine.
