Can I buy Crypto with Sharesies?
No, the Sharesies app does not offer cryptocurrency trading for coins like Bitcoin and Ethereum on their platform. That said, Sharesies customers can invest in crypto-related stocks like Coinbase or Microstrategy because they offer US-based stocks that are listed on the NASDAQ.
However, buying crypto-related Stocks has historically underperformed the underlying assets like BTC, ETH and SOL which means it is an inefficient way to get investment exposure. If you want to buy Crypto, we recommend using an alternative digital asset trading platform that is licensed by the Financial Markets Authority (FMA) in New Zealand.
How to buy Crypto with a Sharesies Alternative?
The best way to invest in digital assets in New Zealand is with the SwyftX trading platform. They offer fast and cheap New Zealand Dollar (NZD) deposits from NZ bank accounts to buy and sell over 350 cryptocurrencies. Their platform also offers Crypto Staking with up to 20% APY being paid out daily. You can get started with this simple guide:
- Create an account: Sign up to the SwyftX trading platform and verify your account.
- Deposit NZD: Select the 'Deposit Funds' button and select from any of the available deposit methods and transfer NZD.
- Find Crypto Asset: Once the NZD lands in your account, find the crypto you want to buy.
- Execute Trade: Input the NZD amount and execute your trade.
Does Sharesies plan to offer Crypto?
No, Sharesies has not announced any plans to launch a cryptocurrency investing feature on their platform. They believe that users being able to invest in crypto-companies provides sufficient exposure to the asset class.
About Sharesies
Sharesies is a New Zealand-based company that allows people to invest in a range of assets, including shares and exchange-traded funds (ETFs). The company's platform is designed to make investing simple and affordable for everyone.
Sharesies was founded in 2016 by Brooke Anderson and Anthony Denvir. The company is headquartered in Wellington, New Zealand. Sharesies has received funding from a number of investors, including the New Zealand Government's Callaghan Innovation Fund and venture capital firm Blackbird Ventures.
The company has won numerous awards, including the "Most Innovative Fintech Company" at the 2017 New Zealand International Business Awards.
