Bitcoin to new zealand dollar
Bitcoin is a new currency that was created in by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men — meaning, no banks! There are no transaction fees and no need to give your real name. More merchants are beginning to accept them: You can buy webhosting services, pizza or even manicures. This currency is exchanged digitally and managed by a peer-to-peer network, rather than a central bank or authority. The supply of Bitcoins is automated and released to mining servers; with a limit of 21 million Bitcoins being reached by Each Bitcoin is a piece of code that has its own transaction log with timestamps.
The coins are stored in an owner's virtual wallet and can be transferred and exchanged for goods and services. Transactions are public and although they are relatively anonymous, it is possible trace identities back to real-life individuals. There is debate as to whether or not Bitcoin should be considered a currency, a commodity, or a hybrid of both. The bitcoin price is very volatile and has seen some large fluctuations since its inception in when you could buy one bitcoin for just a few cents.
Besides the exchange, the site comes with a cloud mining venture Mineshaft , a marketplace where naturally only cryptocurrencies are accepted , a knowledge base with information about most of the listed altcoins CoinInfo and an arbitrage tool.
The process to create a new account is simple: Anonymous accounts are not allowed, but temporary emails are permitted. If the limitations of a level 1 account are not a problem, a user could register a throwaway account in little time. Verification is completely optional. Level 1 takes only clicking a confirmation email and comes with a 5, NZD withdrawal limit shared among all the currencies indexed on the site.
Level 2 users may withdraw 10x as much as level 1s. This verification level requires filling a form with personal information name, last name, birthday, gender, country, city, state, zip code and address and attaching two pictures to it an image of a valid ID and a selfie holding it. There is a level 3 but it is available only through customer support. It is designed for users with very specific needs i. While the site supports a wide range of cryptocurrencies, fiat deposits are not available.
To fund an account, click the Bitcoin symbol to the left of your username and select Deposit in the menu that will appear. A new page will be loaded with a currency selector; pick Bitcoin or any altcoin you want to deposit and click next. A one-time deposit address will be generated, to which you can send the money.
There are no restrictions on deposits neither minimum or maximum , and withdrawals cause only the network fee. The trading offering of Cryptopia is not exactly the best, no margin trading or any other advanced feature is integrated on the site. To make things worse, figuring out how to place an order is slightly difficult as well, at least until you get used to the platform.
There is no separate trade page, instead you have to browse the Exchange the option is located near the left-upper corner , and go to the markets page. Once you are viewing the markets, you have to look for the specific currency pair you want to trade. To save some time, you can use the search box to filter the displayed results and show only markets for the coin of your interest or the one you own.
Click the pair you want to trade, the interface to the right will be updated and you will be able to place your orders here. The procedure is straightforward, and the site clearly indicates that it charges a 0.
A bare minimum is required, but it should not be a problem in most occasions. You can check any active orders you have by going to the orders tab or by choosing again the Exchange menu and this time picking the open orders option.
While you are inspecting your open orders, you can cancel them individually or all at once, as long as they have not been filled yet.