Blog

thumbnail-sprout How do Bitcoin transactions work?
How do Bitcoin transactions actually work? For example, when you send Bitcoins to a friend, how does that transaction get validated and sent to your friend’s Bitcoin wallet? What is...
thumbnail-sprout New Vimba Features
It’s been a busy month at Vimba, we’ve had our heads down building requested features. Instantly buy Bitcoin, Ether and XEM in the UK! Alistair our first UK user to...
thumbnail-sprout What is NEM?
NEM is the latest coin we are offering at Vimba. It is a very established coin that is one of the few cryptocurrencies built from the ground up and not...
thumbnail-sprout How to buy Bitcoin and Ethereum instantly in the UK
It can be a difficult task, finding the right place to buy Bitcoin and Ethereum in the UK. You want to find a service you trust, that can accept GBP...
thumbnail-sprout Bitcoin vs Ethereum
We have already explained what Bitcoin and Ethereum are and how they work in previous articles so if you haven’t read those yet I suggest you do so before reading...
thumbnail-sprout What is the Lightning Network?
What is the Lightning Network?   Bitcoin is the original cryptocurrency, it has a massive community of users and contributors that help the network stay robust, secure and active. But by...
thumbnail-sprout The 8 biggest companies using and accepting Bitcoin
Since 2009 when Bitcoin was first made public, some of the biggest companies in the world have implemented it into their platforms, formed partnerships with crypto companies and accepted it...
thumbnail-sprout Debunking 10 Common Bitcoin Misconceptions
There are many Bitcoin misconceptions out there, generally reinforced by a lot of outspoken Bitcoin naysayers. So we thought we would take the 10 most common ones that we see...
thumbnail-sprout The complete list of where you can spend your Bitcoin in New Zealand
At Vimba we provide the best way to buy, sell save Bitcoin and Ethereum in New Zealand. So we thought we would put together a complete list of where you can spend...
thumbnail-sprout The complete list of where you can spend your Bitcoin in the UK
To coincide with our Vimba launch in the UK, we thought we would not only provide the best way to buy Bitcoin in the UK as well as Ethereum, but...
thumbnail-sprout How to buy Bitcoin in the UK
Bitcoin has gone through a much needed correction this year (2018). And while many people are proclaiming the death of Bitcoin, those of us that have been in the game...
thumbnail-sprout Why you should Dollar Cost Average Cryptocurrency
When building and maintaining an investment portfolio there are a few golden rules for long-term success, one of them is dollar cost averaging. Dollar cost averaging has historically been associated...
thumbnail-sprout How to Dollar Cost Average Bitcoin and other Crypto in the UK
Vimba has been helping people in NZ and the UK effortlessly save Crypto since 2014. We specialise in helping people dollar cost average Bitcoin and Ethereum into their personal wallets.  ...
thumbnail-sprout We have now launched in the UK!
It’s been a busy few weeks with us here at Vimba, from going through our brand change, to receiving a Callaghan Grant and now launching in the UK.   If...
thumbnail-sprout Callaghan Funding Clarification
Recently we sent out a press release announcing we had secured a project grant from Callaghan Innovation. It stirred up a lot of controversy and opinion. We thought we would...
thumbnail-sprout Why we have changed our name to Vimba
When we first launched MyCryptoSaver (then called MyBitcoinSaver) in 2014 we had very small aspirations, we were simply ‘scratching our own itch,’ building software that we could use, a platform...
thumbnail-sprout Where to spend your Bitcoin in New Zealand #1 Animal Kingdoms
Using Bitcoin in the real world is an important experience. Rather than just HODL it, we recommend spending some of it to get a feel of how seamless and easy...
thumbnail-sprout The three common strategies our users employ when using Vimba
With the addition of our Bitcoin and Ethereum Instant Buy and Instant Sell features, we have noticed our users employing different strategies when buying crypto in New Zealand with Vimba....
thumbnail-sprout Refer a friend to Vimba and you both get $10 of Bitcoin
We have made some exciting changes to our referral scheme. You can now earn $10 of Bitcoin for each friend you refer to Vimba! And even more, the friend you...
thumbnail-sprout You can now Instantly Sell your Bitcoin with Vimba
A few weeks ago we launched our new Instant Buy feature, allowing our users to instantly buy up to $2000 worth of Bitcoin and Ethereum each month. And today we...
thumbnail-sprout What types of Kiwis buy cryptocurrency? Examining the Vimba userbase
What types of Kiwis buy cryptocurrency? It’s deemed a ‘young person's’ game by some, a male-dominated industry by others, a fool’s errand by a few, so here we lift the...
thumbnail-sprout You can now instantly buy up to $2000 of Bitcoin and Ethereum with Vimba!
Today we thrilled to announce that we have just released our new ‘Buy Now’ feature which enables our users to instantly buy up to $2000 worth of Bitcoin or Ethereum...
thumbnail-sprout Why you should diversify your savings with cryptocurrency
There are a few golden rules for long-term success when building an investment portfolio. One of them is diversification. So with the rise of Cryptocurrencies over the last few years...
thumbnail-sprout Why we often have the best rates to buy Bitcoin and Ethereum in NZ
We often have the best Bitcoin and Ethereum rates in New Zealand. It’s not hard to see why. Aside from us, there are generally two ways to buy Bitcoin and Ethereum...
thumbnail-sprout How to buy Ethereum in New Zealand
Ethereum is the second largest cryptocurrency behind Bitcoin. It’s current market cap as of today is ~ 92 Billion NZD. It’s initial release was on the 30th of July 2015...
thumbnail-sprout Be careful of fraud
The crypto world can be a dangerous place if you don’t take good care of where you store your personal information. Just recently at MyCryptoSaver we had an instance where...
thumbnail-sprout How to enhance the security of your MyCryptoSaver account
We have had a lot of requests from our users to be given the option to add 2-factor authentication to their MyCryptoSaver (MCS) account. This is a feature that we...
thumbnail-sprout You may have noticed something different…
You may have noticed something different… MyBitcoinSaver has now become MyCryptoSaver!   So what does this mean? As cryptocurrencies continue to rise in price and adoption we wanted to be...
thumbnail-sprout Understanding the new IRD Cryptocurrency tax guidelines
The IRD recently announced new tax guidelines for Cryptocurrencies in New Zealand. They can be found here. There are two key points to keep in mind: Keep records of your...
thumbnail-sprout Our New $2000 Limit!!
We've raised our limit!  What does that mean? As a MyBitcoinSaver user you can now see on your account dashboard the maximum that you can deposit each week. Rather than a...
thumbnail-sprout My First time buying Bitcoin #4
In this series we talk with people from all over New Zealand about their very first Bitcoin purchase. We ask them about their journey from first hearing about Bitcoin to...
thumbnail-sprout A real world example of why Dollar Cost Averaging is the best way to buy Bitcoin
Dollar Cost Averaging (DCA) is an investment technique where you buy a fixed dollar amount of an asset at regular intervals. It is particularly effective when dealing with more volatile...
thumbnail-sprout We have raised our weekly limit to $500!
When we first started MyBitcoinSaver in 2014, we built the platform initially for ourselves. It was us scratching our own itch, a platform to allow us to effortlessly buy Bitcoin...
thumbnail-sprout What is a hardware wallet?
The first step to owning some Bitcoin is to get a Bitcoin wallet. But there are many types to consider. There are online wallets that you access through a website,...
thumbnail-sprout My First time buying Bitcoin #3
In this series we talk with people from all over New Zealand about their very first Bitcoin purchase. We ask them about their journey from first hearing about Bitcoin to...
thumbnail-sprout How to Buy Bitcoin in New Zealand
By now most people you ask will have heard of Bitcoin. It’s mentioned on the 6 o’clock news, debated about near every office coffee machine and is talked about all...
thumbnail-sprout Why is a Bitcoin wallet seed phrase so important?
When you set up a Bitcoin wallet you are told to write down either 12 or 24 words (depending on the wallet) and to keep them safe somewhere and never...
thumbnail-sprout My first time buying Bitcoin in New Zealand #2
In this series we talk with people from all over New Zealand about their very first Bitcoin purchase. We ask them about their journey from first hearing about Bitcoin to...
thumbnail-sprout My first time buying Bitcoin #1
In this series we talk with people from all over New Zealand about their very first Bitcoin purchase. We ask them about their journey from first hearing about Bitcoin to...