in New Zealand
EOS is one of the top 50 largest cryptocurrencies by market cap. Trusted by EOSIO buyers, you can buy and trade EOSIO in New Zealand and 100+ countries on Blocktrade without any fees easily.
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How to buy EOSIO in New Zealand
Is EOS a good investment in New Zealand?
Known as an "Ethereum killer"; EOS is one of the top 50 largest cryptocurrencies by market cap. EOS coin was released to the market in 2017 with the price of $1.52 per coin. It experienced the lowest price of $0.48 in October of the same year. Supporting smart contracts and the flexibility of this coin made it one of the top cryptocurrencies in 2018 when its price mounted to $22.89. It shows how profitable this investment was for its first year. However, it didn't last long, and the EOS price dropped to $2.15 at the end of the same year. The fluctuations in the price of crypto are normal; you can't always forecast the future based on its past. Other factors can help you analyze if it's the right time to buy EOS.
Crypto experts and analysts predict the future of a coin based on some analysis. Although this price prediction is not guaranteed, it can help you decide if EOS might have a bright future as an investment. Cryptocurrency experts believe that the EOS price may be between $19.07 to $22.91 in 2030. They also claim that EOS might be a profitable long-term investment. But in the short-term, it might be risky. However, no one can tell you if your investment is %100 profitable. It’s better to read more about the history of EOS, how you can use it and what top investors tell you about this coin. Furthermore, if you are a beginner, it’s better to have an exit point for your investment; so if the price of EOS dropped to that number, you sell it to prevent losing your money.
What is EOSIO ?
Although many know this blockchain by the name of EOS, the real name of the blockchain is EOSIO, which was designed by Block.one company. EOSIO is a decentralized blockchain network released in 2017. Its system is very similar to Ethereum, but faster, more flexible, and free of charge. These features made EIOSIO more popular than Ethereum, especially the speed of this network, which allows thousands of transactions per second (tps); compared to the 15 tps of the Ethereum system, EOSIO is really a winner. There are other benefits that the EOISIO system has that make it one of the top decentralized blockchains, including being user-friendly and supporting smart contracts and voting, which are predicted to become so useful in the near future.
Is EOSIO legal to buy in New Zealand
Yes, buying and owning cryptocurrency is legal in New Zealand. The country has taken a
supportive approach to cryptocurrencies and has set guidelines for the use and exchange of
digital assets. The Inland Revenue Department considers cryptocurrencies to be a form of
property for tax purposes and requires individuals to pay taxes on any gains made from their
Is EOSIO taxed in New Zealand
Yes. According to The Inland Revenue Department (IRD) of New Zealand’s provided guidance
on the tax treatment of cryptocurrencies, cryptocurrency is considered property for tax
purposes. This means that any gains made from the sale or exchange of cryptocurrency are
subject to capital gains tax. Additionally, in New Zealand, if you acquire cryptocurrency with the
intention of selling it in the future, your gains from the sale or exchange of these assets are also
considered taxable income and are subject to the same tax rates as your other income. This
applies to profits from trading, exchanging, selling, or disposing of cryptocurrency, as well as
income received from cryptocurrency mining, staking, and airdrops. The tax rate for
cryptocurrency gains in New Zealand is based on a progressive tax system, with rates ranging
from 10.5% to 39% depending on your total taxable income.
The Inland Revenue Department of New Zealand has also provided information on how to
report and pay taxes on cryptocurrency transactions. It is advisable to seek professional tax
advice if you have questions about how your cryptocurrency transactions are affected by New
Zealand tax laws.
After you've bought EOSIO in New Zealand
Most people buy coins to keep as an investment. In case you want to buy EOS to sell in the future, you should always keep an eye on the EOS price. Read whitepapers and check the EOS website to know which projects they are working on and what updates they may have on their platform in the future. It’s also recommended to read EOS price predictions to analyze if the future is bright for this coin.
Apart from keeping EOS coins as an investment, there are other ways to use this token. You can trade it with other coins or use it as a payment. However, the seller should accept this coin on its transactions. Thus, if you want to use this coin to purchase something, make sure that it is accepted by the company or brand you are buying the products from. One of the uses of this token is to create decentralized apps. This token can be used in online games to purchase or trade different tools too. EOS also supports smart contracts, which means people can create coded contracts on the EOS platform or use its coin as a payment for that contract.
Who can buy EOSIO in New Zealand
In New Zealand, anyone over the age of 18 and who has a valid government-issued ID can buy
cryptocurrency. There are no restrictions on who can buy cryptocurrency in New Zealand, but it
is important to note that all cryptocurrency transactions are subject to anti-money laundering
and counter-terrorism financing laws. This means that individuals and businesses must comply
with certain identification and verification requirements. Plus, when it comes to purchasing
cryptocurrency, using a cryptocurrency exchange is the most convenient option. Our exchange
specially allows you to exchange fiat currencies for cryptocurrencies through various payment
methods, such as Apple Pay, Google Pay, credit card, debit card, bank transfer, and PayPal.
Our exchange also offers these payment options with no exchange fees while ensuring secure
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Frequently asked questions
That depends on the reason you are buying EOS. If you want to keep it as an investment, check top analysts' and crypto experts’ predictions of EOS. If you want to use it as a digital asset, check what projects and brands accept this coin.
Yes. According to the Tax Guidance information provided by The Inland Revenue Department
(IRD), In New Zealand, if you use cryptocurrency to purchase goods or services, it is considered
a barter transaction and is subject to goods and services tax (GST). The GST rules apply to the
value of the goods or services being provided, regardless of whether they are paid for in fiat
currency or cryptocurrency. This means that the same amount of GST is payable on a
cryptocurrency transaction as on a transaction conducted in fiat currency. It is the responsibility
of the seller to charge and collect the correct amount of GST on the sale of goods or services,
and to report and pay the GST to the Inland Revenue Department (IRD). The buyer is also
required to keep records of cryptocurrency transactions for tax purposes.
The cheapest way to buy cryptocurrency in New Zealand may vary depending on a number of
factors, such as the amount you want to purchase, the type of cryptocurrency you want to buy,
and the payment method you choose. One of the most convenient ways to buy cryptocurrency
in New Zealand would be through our cryptocurrency exchange. Our exchange allows you to
buy cryptocurrency using various payment methods, such as bank transfer, credit card, Apple
pay, Google pay, Debit Card and PayPal. Some exchanges charge fees for their services but
our exchange has zero fees for buying and trading your cryptocurrency.
Analysts have predicted price growth for both the EOS and Cardano in the future. They are performing very close to each other as an investment. They both accept smart contracts and have the same usage. However, Cardano is a bigger network and the fifth largest cryptocurrency by market cap. Therefore, it may be one step ahead of EOS.
The exact number of people who own crypto assets in New Zealand is not publicly available.
However, various reports indicate that the adoption of cryptocurrency is growing in the country,
with more and more individuals and businesses investing in and using digital currencies.
According to a survey conducted by the New Zealand Reserve Bank in 2020, around 5% of the
adult population in the country owns cryptocurrency. This represents a significant increase from
previous years, and suggests that the popularity and use of cryptocurrency is continuing to grow
in New Zealand. However, it is important to note that these figures may not reflect the actual
number of people who own crypto assets, as some individuals may not have disclosed their
One of the points that EOS has among most of the decentralized blockchain networks is that all the transactions on this platform are free of charge.