Find a Suitable Wallet
First, you need to pick a suitable digital wallet to store your Bitcoins. While there are some Bitcoin wallets called software wallets, we’ll be discussing hosted wallets. A hosted wallet is a way to store your Bitcoins with a third party, similar to what you do with a bank. It means that we are using another company to handle the storage and security of our Bitcoins.
The easiest way to set up a hosted digital wallet is through a Bitcoin exchange. A Bitcoin exchange is a marketplace that allows you to buy or sell Bitcoins using different currencies. They allow you to convert NZ dollars to Bitcoin, and vice versa. In many cases, exchanges also have built-in wallets that allow you to store your Bitcoins.
Coinbase, for instance, is a reputable exchange which is very popular around the globe. Cash App is another exchange which is ideal for beginners. Shop around and read various reviews to find a Bitcoin wallet that suits your needs best.