Start Accepting Bitcoin At Your Business in
New Zealand.

Bitcoin is completely legal to use, buy, and sell in New Zealand. In fact the NZ Government and IRD already provide tax advice to businesses who accept Bitcoin or pay their staff in Bitcoin.

It is important to understand the difference between Bitcoin and “Crypto”. There are some off-shoot digital cash systems, some use the word "Bitcoin" in their names. But Bitcoin itself is the original peer-to-peer digital cash system first launched in 2009. Bitcoin is the only one that has the ability to handle customer-to-merchant payments at scale.

See IRD Cryptoassets guidance

See this guide for intro-level information about long term secure Bitcoin storage

In the short term, the value of Bitcoin can fluctuate a lot, but over time its price trends upwards.Furthermore, the short term volatility of the Bitcoin price has been falling over time as more people are using it.

You can select a New Zealand Dollar amount to receive, and your Bitcoin Lightning Wallet will automatically generate an invoice for that amount of Bitcoin.

You can always receive Bitcoin on-chain direct to a wallet that you can control. Bitcoin via Lightning though is much more popular for retail and consumer transactions.Think of Lightning as similar to cash or PayWave in terms of ease of use and speed, where as on-chain is more like sending an armoured truck with a focus on security.Many wallets support Lightning and Onchain. Talk with us to understand the differences.

Bitcoin is ideal for businesses that cater to tourists or international customers. Globally Bitcoin is a popular means of payment and for people visiting New Zealand international card charges and foreign exchange fees can be prohibitively expensive. By accepting Bitcoin payments you can remove this barrier and also prevent chargebacks happening.

Everyone’s point of sale setup will be different. There are a few different wallet & app options to help you at Point of Sale (Learn more on the Get Started page). For reconciliation you may choose to simply mark Bitcoin payments as cash payments, or you may mark them as a voucher, or under a tab account. Some point of sale systems already support Bitcoin out of the box.

You can create a normal invoice and include a Bitcoin lightning payment invoice or on-chain address as a QR code.

If you would like to do higher-volume sales you may want to consider a dedicated mobile phone or tablet just for receiving bitcoin payments. There are apps such as Breez that have built in POS functionality that is ideal for using with staff or having available at the point of sale.

Using Bitcoin Lightning Wallets such as Breez or Wallet of Satoshi in “Point of Sale” mode is perfect for staff to use. Some apps also enable a Manager Password to protect the send function to ensure your funds remain in the wallet until you’re ready to move them.

Tell us about your business and we will list it on Btcmap.org for you. We will also share your business with the NZ Bitcoin Community on social media.

Once you receive a payment your wallet app will notify you that it has been paid. Bitcoin via Lightning is instant and final as soon as it pays, Bitcoin on-chain should be treated as confirmed after 3 confirmations. If you aren’t sure then the Breez wallet app has a past transactions list that can be viewed and exported.

Bitcoin via Lightning is great for receiving Bitcoin, but if you want to hold it for a longer period, you have a number of great options. You can transfer Bitcoin held on a Lighting Wallet to an on-chain Bitcoin address that only you have access to. First, you’ll want to make sure you hold your Bitcoin in self-custody. This ensures you have full control of your funds. Bitcoin is not only money built for the internet era, but is an asset that you can control for yourself, with no third party permission required to save or spend. You can do this very simply with a bitcoin wallet like BlueWallet on a mobile device. If you’re holding on to more bitcoin than you’d normally carry in-person in cash, you might also consider cold storage on a dedicated Bitcoin hardware device such as a Blockstream Jade or Cold Card.

IRD explains paying employees in Bitcoin in more detail.