What Cryptocurrencies Should I Buy in NZ? A Guide for 2021
As of 2021, there are over 8,000 cryptocurrencies being actively traded in blockchains around the world. With so many crypto to choose from it’s no surprise if the question of “which cryptocurrency should I buy?” comes to mind.
The crypto space has seen a steady increase in public interest lately. With Elon Musk announcing Tesla’s investment in Bitcoin earlier this year and Mastercard planning to integrate crypto into its payment platform – it’s no surprise that these headlines are attracting new players in the crypto space.
With that said, what are the best cryptocurrencies to buy in New Zealand? Well, in this we’ll be going over some popular digital assets that you should consider to invest in.
The crypto assets we highlighted below are excellent choices to start investing in crypto. We don’t think that just because they are popular that they are worth buying, but rather that they are three very different projects that will provide you with a solid basis on what type of cryptocurrencies you can get involved with.
Jump right in: Click here to buy crypto in New Zealand.
Conceived in 2008 during the global financial crisis, Bitcoin was the first cryptocurrency ever created. Since then, it’s paved the way for the two thousand or so other cryptocurrencies that have spawned since Bitcoins inception.
Bitcoin (BTC) is commonly referred to as digital gold, as it shares many of gold’s qualities, and objectively some better ones too.
Bitcoin is currently the most popular digital asset that people buy through us, at least partly due to the growing belief that Bitcoin is on the forecast for becoming the next Global Reserve Currency.
Earlier this year, Tesla has announced its purchase of USD $1.5 Billion in Bitcoin (BTC), which generated an immense public interest in the crypto space and consequently propelling its value to a new all-time high of $58,000 as of this writing.
There’s no doubt, Bitcoin remains the most popular crypto assets to invest in 2021, even after more than a decade after it’s inception.
You can check Bitcoin’s latest prices with our crypto price tracker by clicking here.
Learn more: Read our comprehensive guide on Bitcoin in 2021.
Ethereum (ETH) is what could be referred to as a ‘Smart Coin’, as Ethereum doesn’t only act as a payment network, but also as an infrastructure for many other applications – such as smart contracts (Legal automated contracts).
Ethereum’s utility doesn’t stop at futuristic digital contracts though, as ETH’s use cases go far beyond. Ethereum can be used with digital identity, autonomous organisations, politics, data storage, ICO’s, gambling and beyond.
It’s difficult to paint the big picture of Ethereum in a few sentences, but since I got involved in cryptocurrency, when somebody asks me what the future looks like, I typically go straight to thinking about Ethereum and its use cases.
Ripples’ XRP is the native token for the Ripplenet – a network of payment providers such as banks and money services who aim to provide a frictionless experience to send money globally.
Often referred to as the ‘Banks Coin’, XRP is designed to be ultra-fast, ultra-cheap and ultra-scalable. It currently takes an average of 4 days to make an international bank transfer, but XRP transactions are settled in seconds. For this reason, over 200 major world banks have partnered with XRP, including many well-known conglomerates such as ANZ, Westpac, Western Union, HSBC, and the Bank of America.
Other entities that are currently partnered with Ripple include The Bank of England, The Commonwealth Bank of Australia, JP Morgan, The Royal Bank of Canada, The National Bank of Abu Dhabi, Barclays, Sony Bank, The Bank of Thailand, Mitsubishi Corporation, and American Express.
Ripple certainly has an impressive list of partners testing XRP, and the list is growing at an average of 2-3 new partners per week.
Currently priced at $0.61c NZD per coin, the forecast for XRP appears to looks to be positive. It is generally agreed that the enormous international transaction pie is going digital, and currently Ripple’s XRP is the top contestant for taking the biggest slice. Good thing you can invest in it now!
If you are keen on learning more about XRP or are interested to buy some for yourself in NZ, you can click here to see our full yet simplified breakdown and buying guide.
With that said, stay tuned for the latest insights and updates on all things crypto by signing up for our newsletter below!
Ready to invest? Click here to buy crypto in New Zealand!
While you’re here, brush up on your crypto knowledge or learn something new by exploring more topics on our learn site at Easy Crypto.
Last updated February 26th, 2021.
The material presented in this article is meant to be for educational and informational purposes only – and not as a financial consultation or advice. Do your own research before committing into any investment.