Convert and Swap Bitcoin BTC to New Zealand Dollar NZD
BTC/NZD: 1 Bitcoin equals NZ$165,629.40 NZD
Last update: 3:48 PM, December 23, 2024
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Bitcoin is falling this week.
The current price of Bitcoin is NZ$165,629.40 per BTC. With a circulating supply of 19,800,134 BTC, it means that Bitcoin has a total market cap of NZ$3,280,933,650,804.97. The amount of Bitcoin traded has risen by NZ$36,993,546,921.61 in the last 24 hours, which is a 36.51% increase. Additionally, in the last day, NZ$101,315,198,522.87 worth of BTC has been traded.
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About Bitcoin
The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
Bitcoin (BTC) is a decentralized cryptocurrency that was first described in a 2008 whitepaper by an individual or group of individuals using the pseudonym Satoshi Nakamoto. Launched in January 2009, Bitcoin is a peer-to-peer online currency that enables transactions to occur directly between equal, independent network participants without the need for an intermediary. Bitcoin was created with the intention of allowing online payments to be sent directly from one party to another without going through a financial institution. Bitcoin is the first-ever cryptocurrency to come into actual use and has inspired the development of thousands of competing projects. The entire cryptocurrency market, now worth more than $2 trillion, is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.
Bitcoin operates on a technology known as blockchain, a decentralized ledger of all transactions that is used to record transactions across many computers so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks. Bitcoin transactions are verified by network nodes through cryptography and recorded on the blockchain. Bitcoin mining, the process by which new bitcoins are entered into circulation, involves solving computationally difficult puzzles to discover a new block, which is added to the blockchain. The supply of Bitcoin is limited and will never exceed 21,000,000 coins. New coins are created during the process known as mining, where transactions are added to blocks, which are in turn added to the blockchain.
Bitcoin's most unique advantage is that it was the first cryptocurrency to appear on the market. It has managed to create a global community and has given birth to an entirely new industry of millions of enthusiasts who create, invest in, trade, and use Bitcoin and other cryptocurrencies in their everyday lives. Bitcoin's primary use case is as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. Bitcoin also aims to be a medium of exchange for goods and services, although it is currently used more for the former than the latter.
Bitcoin's original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. This event is now known as “Bitcoin Pizza Day.” Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors.
How Bitcoin and New Zealand Dollar differ
Bitcoin (BTC) and the New Zealand Dollar (NZD) are both mediums of exchange, but they operate in fundamentally different ways. Bitcoin, a decentralized cryptocurrency, operates on a technology known as blockchain, a decentralized ledger of all transactions. This technology enables transactions to occur directly between equal, independent network participants without the need for an intermediary, such as a bank or financial services company. Bitcoin's supply is limited and will never exceed 21,000,000 coins, with new coins created during the process known as mining. On the other hand, the NZD is a traditional fiat currency issued and regulated by the Reserve Bank of New Zealand. Unlike Bitcoin, the NZD's supply is not capped and can be adjusted by the central bank to manage economic factors such as inflation. Furthermore, transactions with NZD require intermediaries like banks and are not recorded on a blockchain. While Bitcoin aims to be a medium of exchange for goods and services, it is currently used more as a decentralized store of value. Conversely, the NZD is widely used for both purposes in its domestic economy and internationally.
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BTC to New Zealand Dollar conversion tables
The exchange rate of Bitcoin is decreasing.
The current value of 1 BTC is NZ$165,629.40 NZD. In other words, to buy 5 Bitcoin, it would cost you NZ$828,147.00 NZD. Inversely, NZ$1.00 NZD would allow you to trade for 0.00000604 BTC while NZ$50.00 NZD would convert to 0.00030188 BTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 12.34%. Meanwhile, in the last 24 hours, the rate has changed by 1.41%, and that the the highest exchange rate of 1 BTC to New Zealand Dollar was NZ$170,721.47 NZD and the lowest 24 hour value was 1 BTC for NZ$165,517.82 NZD. This time last month, the value of 1 BTC was NZ$168,966.10 NZD, which is a 3.82% increase from where it is now. Looking back a year, Bitcoin has changed by NZ$69,463.67 NZD.
BTC to NZD performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
NZ$168,902.76 NZD | -1.41% | NZ$184,052.10 NZD | -12.34% | NZ$168,966.10 NZD | -3.82% | NZ$69,463.67 NZD | 117.46% |
BTC to NZD
Amount | Today at 3:48 pm |
|---|---|
0.5 BTC | NZ$82,814.70 |
1 BTC | NZ$165,629.40 |
5 BTC | NZ$828,147.00 |
10 BTC | NZ$1,656,294.00 |
50 BTC | NZ$8,281,469.98 |
100 BTC | NZ$16,562,939.96 |
500 BTC | NZ$82,814,699.78 |
1,000 BTC | NZ$165,629,399.56 |
NZD to BTC
Amount | Today at 3:48 pm |
|---|---|
0.5 NZD | 0.00000302 BTC |
1 NZD | 0.00000604 BTC |
5 NZD | 0.000030 BTC |
10 NZD | 0.000060 BTC |
50 NZD | 0.000302 BTC |
100 NZD | 0.000604 BTC |
500 NZD | 0.0030 BTC |
1,000 NZD | 0.0060 BTC |
Today vs. 24 hours ago
Amount | Today at 3:48 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 BTC | NZ$82,814.70 | NZ$84,855.56 | -2.41% |
1 BTC | NZ$165,629.40 | NZ$169,711.12 | -2.41% |
5 BTC | NZ$828,147.00 | NZ$848,555.59 | -2.41% |
10 BTC | NZ$1,656,294.00 | NZ$1,697,111.19 | -2.41% |
50 BTC | NZ$8,281,469.98 | NZ$8,485,555.95 | -2.41% |
100 BTC | NZ$16,562,939.96 | NZ$16,971,111.90 | -2.41% |
500 BTC | NZ$82,814,699.78 | NZ$84,855,559.49 | -2.41% |
1,000 BTC | NZ$165,629,399.56 | NZ$169,711,118.98 | -2.41% |
Today vs. 1 month ago
Amount | Today at 3:48 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 BTC | NZ$82,814.70 | NZ$87,601.21 | -5.46% |
1 BTC | NZ$165,629.40 | NZ$175,202.42 | -5.46% |
5 BTC | NZ$828,147.00 | NZ$876,012.09 | -5.46% |
10 BTC | NZ$1,656,294.00 | NZ$1,752,024.17 | -5.46% |
50 BTC | NZ$8,281,469.98 | NZ$8,760,120.85 | -5.46% |
100 BTC | NZ$16,562,939.96 | NZ$17,520,241.70 | -5.46% |
500 BTC | NZ$82,814,699.78 | NZ$87,601,208.50 | -5.46% |
1,000 BTC | NZ$165,629,399.56 | NZ$175,202,417.00 | -5.46% |
Today vs. 1 year ago
Amount | Today at 3:48 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 BTC | NZ$82,814.70 | NZ$38,851.67 | +113.16% |
1 BTC | NZ$165,629.40 | NZ$77,703.34 | +113.16% |
5 BTC | NZ$828,147.00 | NZ$388,516.68 | +113.16% |
10 BTC | NZ$1,656,294.00 | NZ$777,033.37 | +113.16% |
50 BTC | NZ$8,281,469.98 | NZ$3,885,166.85 | +113.16% |
100 BTC | NZ$16,562,939.96 | NZ$7,770,333.70 | +113.16% |
500 BTC | NZ$82,814,699.78 | NZ$38,851,668.50 | +113.16% |
1,000 BTC | NZ$165,629,399.56 | NZ$77,703,337.00 | +113.16% |
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