I live in NZ, cheaper way than Local bitcoin to buy? + microtransaction vs processing delays question
Local Bitcoin NZ price is over $4000 NZD but USD value is only $2200 atm ($3100 NZD). I don't want to pay $900 excess due to convenience - I work in a bank I can deal with more complicated transactions. I could do creditcard, paypal, telegraphic transfer, heck I could even send USD cash overseas if need be (lol maybe not). Where would be a good place for me to be able to buy some coin at a fair price? Also, I'm still learning about how bitcoin works on the nitty gritty side but an issue I'm seeing with my understanding so far is this: Microtransactions are a big argument for cryptocurrencies that will solve a lot of other issues like spam email; ie if you were charged a minuscule amount for sending an email, the everyday person wouldnt notice, but spammers would get a huge bill and wouldnt spam anymore. Likewise content viewers could pay creators for viewing by the second and then content creators wouldnt need adds to get paid. The list of uses go on and is one of the reasons I believe bitcoin will take off. BUT, with every user doing multiple transactions with everything they do (emails, websites, youtube, eating, power etc), how in the hell is the network going to cope with that many billions on billions of transactions going on per second? How is all that going to be verified when right now we are already getting some long clearing times for standard, non-micro use? Thanks in advance for replies! :) -Kurtis
NZ Police Confiscated $91m From Defunct Russian Bitcoin Exchange
Authorities seized $91 million from Canton Business Corporation, a 🇳🇿New Zealand-based company managing BTC-e exchange. Allegedly operated by Alexander Vinnik, this Russian #bitcoin✨exchange is accused of allowing criminals to launder illicit funds. Read more:👉https://tokenncoin.com/news
06-23 06:34 - '$90 million recovered by the NZ police from accused launderer Alexander Vinnik. Here is how it happened. Do you think he is guilty?' (tyslin.com) by /u/TyslinOfficial removed from /r/Bitcoin within 1136-1146min
NZ Authorities Seize $90M From Alleged Bitcoin Launderer Alexander Vinnik
New Zealand police have recovered $90 million connected to the case against suspected Bitcoin money launderer Alexander Vinnik. According to Jared Savage at the New Zealand Herald, the police Asset Recovery Unit have frozen roughly 140 million NZD ($90 million) controlled by a company in connection to the investigation of Vinnik. Police Commissioner Andrew Coster […]
Bitcoin in New Zealand. Since its inception in 2008, the bitcoin trading value has skyrocketed, rising in price from its first transaction of 10,000 bitcoins for 2 pizzas, to reaching an all-time record NZ$33,819 in 2017. Bitcoin has become a digital currency, utilized for a variety of things from investment and trading to paying for goods and services. New Zealand exchanges are regulated by the FMA and must comply with the “fair dealing” requirements in the Financial Markets Conduct Act 2013; You can usually buy Bitcoin with NZD. New Zealand exchanges support local payment methods, such as POLi Payments. You can access local customer support. So, you're new to Bitcoin and want to find out what the easiest way to buy Bitcoin in New Zealand is? Well, you've come to the right place! BitPrime is New Zealand's premier cryptocurrency retailer that can supply you with Bitcoin, as well as over 60 different cryptocurrencies.We also provide FREE advice on secure ways to store Bitcoin and are happy to help with any technical questions that Conclusion: Buying Bitcoin From New Zealand. Buying Bitcoin in New Zealand is actually quite simple and safe using a crypto exchange such as Easy Crypto. As the name implies, it's quick to register, the user-interface is beginner-friendly and most important of all, Bitcoin purchases are transferred directly to your hardware wallet for safe keeping. New Zealand's safest and easiest Bitcoin & Cryptocurrency retailer. We're open 24/7, we guarantee every order, and we deliver within 2 minutes. Sign up today!
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