What is BitPrime?
BitPrime is a New Zealand-based cryptocurrency retailer headquartered in Hamilton. Founded in 2017, it takes a customer-first approach with a focus on education and support. Like Easy Crypto, BitPrime uses a direct-to-wallet model — you buy crypto and it's sent straight to your personal wallet.
BitPrime differentiates itself with extensive educational resources, blog articles, and a commitment to helping NZ newcomers understand cryptocurrency before investing. The fees are higher than most competitors at around 2% spread, but the hand-holding approach and local support justify this for many beginners.
Pros & Cons
Pros
- +NZ-based with local support
- +Educational resources for beginners
- +Direct-to-wallet delivery
- +Good customer service
Cons
- -Higher fees than competitors
- -Smaller coin selection
- -No advanced trading features
- -Limited liquidity
Fees
| Buy/Sell Spread | ~2% |
| Bank Transfer Deposit | Free |
| POLi Deposit | Free |
| Network Fee | Included |
Our Verdict
BitPrime is best for NZ users who value educational resources and personal customer service. The fees are higher, but the hand-holding approach and direct-to-wallet model make it suitable for crypto newcomers.
FAQ
Is BitPrime still operating?
BitPrime went into liquidation in 2023 but has been working to restructure. Please check their official website for the latest status before attempting to use their services.
How does BitPrime compare to Easy Crypto?
Both use a direct-to-wallet model and are NZ-based. Easy Crypto has lower fees (~1.5% vs ~2%), more coins (100+ vs 40+), and a larger user base. BitPrime offers more educational resources and a more personalised customer service experience.
Does BitPrime hold my crypto?
No. Like Easy Crypto, BitPrime sends purchased crypto directly to your personal wallet. They don't hold customer funds, which eliminates exchange custody risk.
