#3 of 3 today · NZ exchange · Since 2013

Independent Reserve

An established Australasian exchange with a full order book. There is no free way to get New Zealand dollars in: small amounts go by card at 3.5%, and only from NZ$50,000 can you send a cheaper international transfer.

Websiteindependentreserve.com

Pays withCard, or SWIFT from NZ$50,000

SellsBitcoin and other coins

LightningNo, on-chain only

ID checksRequired (KYC), once

Fees, all-in18.48% on NZ$100, bank to your wallet

Right nowUpdated just now

NZ$144,099for one Bitcoin, before 18.48% in fees all-in

NZ$100 buys0.00056620 BTC

Versus the best−0.00011915 BTC

Buying here instead of Stacked Bitcoin costs you about 0.00011915 BTC per NZ$100 today.

Buy at independentreserve.com

Every fee, start to finish

Every cost between your bank and a wallet you control, in Bitcoin rather than dollars, because buy prices differ. Each fee links to the page Independent Reserve publishes it on. The spread is the exception: nobody publishes that, so we measure it against a weighted global spot price.

Card, or SWIFT from NZ$50,000 in · your own wallet outChecked 8 Sep 2026

FeeRateOn NZ$100On NZ$50,000

Weighted global spot priceWhat your money is worth in Bitcoin at the world market price, before anyone takes a cut. Every line below comes out of this. Read from CoinGecko, which volume-weights across exchanges.NZ$143,9820.00069453 BTC0.34726563 BTC

Spread from weighted global spot priceHow far Independent Reserve’s buy price sits above the weighted global spot price. No exchange publishes this, so we measure it: it is the gap between what a Bitcoin costs on the world market and what they charge for one. A negative figure means they are below spot.+0.08%−0.00000056 BTC−0.00028227 BTC

Trading fee0.50% until you have traded NZ$50,000 in 30 days, then it steps down. The buy price is the lowest offer on their order book.0.5%−0.00000347 BTC−0.00173440 BTC

FXBitcoin trades directly against NZ dollars on the order book. Nothing is converted.NoneNothingNothing

NZD depositNew Zealand dollars reach Independent Reserve two ways, and there is no free local transfer. Below NZ$50,000 the only route is a debit or credit card at 3.5%, and your own bank may treat a credit card payment as a cash advance on top. From NZ$50,000 you can send an international SWIFT transfer instead, which costs whatever your bank charges: free online at ANZ and on Westpac One, NZ$20 to NZ$30 by phone or in a branch, plus anything correspondent banks deduct. We use NZ$15 as a middle estimate and take the cheaper of the two routes for the amount.3.5% by card, or SWIFT from NZ$50,000Card−0.00002429 BTCSWIFT≈−0.00010410 BTC

Bitcoin withdrawal0.00010000 BTC per withdrawal on the Bitcoin network. There is no Lightning, so this is a fixed cost that weighs heavily on small buys.0.00010000 BTC−0.00010000 BTC−0.00010000 BTC

What lands in your wallet0.08% spread + 4% + 0.00010000 BTC0.00056620 BTC (18.48% all-in)≈0.34504486 BTC (≈0.64% all-in)

In plain English

How the fees work

How far Independent Reserve’s buy price sits above the weighted global spot price. No exchange publishes this, so we measure it: it is the gap between what a Bitcoin costs on the world market and what they charge for one. A negative figure means they are below spot. 0.50% until you have traded NZ$50,000 in 30 days, then it steps down. The buy price is the lowest offer on their order book. Bitcoin trades directly against NZ dollars on the order book. Nothing is converted. New Zealand dollars reach Independent Reserve two ways, and there is no free local transfer. Below NZ$50,000 the only route is a debit or credit card at 3.5%, and your own bank may treat a credit card payment as a cash advance on top. From NZ$50,000 you can send an international SWIFT transfer instead, which costs whatever your bank charges: free online at ANZ and on Westpac One, NZ$20 to NZ$30 by phone or in a branch, plus anything correspondent banks deduct. We use NZ$15 as a middle estimate and take the cheaper of the two routes for the amount. 0.00010000 BTC per withdrawal on the Bitcoin network. There is no Lightning, so this is a fixed cost that weighs heavily on small buys. All told, NZ$100 is worth 0.00069453 BTC at the world market price and 0.00056620 BTC lands in your wallet, so 0.00012833 BTC goes in costs: 18.48% all-in.

How long it takes

Signing up and verifying your ID usually takes ten minutes and is a one-off. After that a bank transfer clears the same day, often within the hour, and your Bitcoin is bought the moment it lands.

Getting your Bitcoin out

Once bought you can withdraw on-chain to a wallet you control. Expect a small network fee and a wait of ten minutes to an hour. We recommend doing that rather than leaving Bitcoin on any exchange.