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How to Buy Crypto with Heartland Bank in New Zealand

Last updated on November 12, 2023

Quick Summary: While Heartland Bank does not offer cryptocurrency trading through its own platform, you can make use of your account to purchase crypto through a third-party exchange.

There are a lot of New Zealand cryptocurrency exchanges to pick from, but we suggest using the eToro exchange.

They offer the majority of most well-known cryptocurrencies and are simple to use. They have lots of advanced features but are also great for beginners.

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Heartland Bank Homepage

As mentioned in my quick summary, like most New Zealand banks, Heartland Bank doesn’t allow users to trade cryptocurrency directly on their platform, due to the complexities with setting up a cryptocurrency trading platform and comes with regulations and extra work for the banks.

Thankfully there are many crypto exchanges to pick from that allow you to buy Bitcoin and other cryptocurrencies.

Next you’ll want to sign up to an exchange (for this short guide I’ll use eToro as it’s a global and widely used exchange) and deposit funds so you can start trading crypto.

How to buy crypto or bitcoin with Heartland Bank

Let’s get started! Just follow our 4 quick steps.

1. Pick a cryptocurrency trading platform

As mentioned above, I’ll be using eToro for this guide as they are a widely used exchange and have a huge range of cryptocurrencies to choose from. It’s also one of the best exchanges for beginners and allows more advanced features when you get more comfortable with trading.

The steps in this guide should be similar for most trusted crypto exchanges, so feel free to use whichever you end up going with.

Let’s get started!

2. Create account with the trading platform

You’ll first need to create an account if you haven’t already, you can do using this quick link below.

Sign Up With eToro

Once you’ve filled out the basic information you’ll be asked for KYC (Know Your Customer) information, this is normal for crypto exchanges to stop any bad activity. This will often be called the “verification” process.

3. Fund your account

Next, you’ll need to add funds to your account using any of their deposit methods. For eToro there are many options such as bank transfer, PayPal, credit/debit card, and many more.

4. Buy cryptocurrency

Lastly, you’ll need to go to the “trade” section, this will differ for each exchange but it will usually have some variation of this.

It’s that easy! You’ve now got the tools to buy your first cryptocurrency with Heartland Bank.

Buy Crypto With eToro

About Heartland Bank

Heartland Bank is a New Zealand owned bank formed in 2011 as a result of the merger of four financial organizations. Heartland was registered as a bank from the Reserve Bank of New Zealand in the year 2012. It specializes with motor vehicle loan and reverse mortgages. It also offers small business financing livestock investment, finance, savings and deposits.

Heartland was formed through the merger between CBS Canterbury (Canterbury Building Society), Southern Cross, MARAC and PGG Wrightson Finance. The motivation behind joining was create a bank with a broad coverage across the nation and sufficient resources and assets to be able to obtain an entire banking license.

On December 12, 2012, the Reserve Bank of New Zealand announced that Heartland Building Society has been recognized as a bank. Additionally, the organization altered its title as Heartland Bank.

Since February, Heartland entered the Reverse Mortgage (or Home Equity Release) market with the acquisition from Sentinel from New Zealand and Australian Seniors Finance in Australia.

The company purchased its shares in September 2014. Heartland acquired a 10 percent stake in the peer-to-peer loan provider Harmoney Limited.

In January of 2017, Heartland partnered with Spotcap Australia as an online lender for small and medium-sized companies.

In April of 2016, Heartland launched an online platform called Open for Business, offering small-scale businesses with loans that are unsecured. The application process for Open for Business can be completed in between two and three minutes. The applicant is given a quick decision.