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    Easy Crypto Review 2022: Features, Fees, Pros & Cons

    Updated: Aug 10th, 2022
    Kevin Groves
    Kevin Groves
    Easy Crypto Review 2022: Features, Fees, Pros & Cons

    A crypto exchange in New Zealand, Australia, and South Africa that has surged in popularity is Easy Crypto. The exchange has several great features to enable individuals to deposit fiat currency and convert it into cryptocurrencies. In this review, we assess the platform features, payment methods, ease of use, trading fees, and security. Our methodology includes creating an account, depositing fiat, and purchasing crypto direct to a hardware wallet to experience the full features of the exchange.

    Trading Fees:1.35%
    Country:Australia, New Zealand & South Africa
    Currency:AUD, NZD & ZAR
    Promotion:$10 bonus after first purchase
    Ease of useStarStarStarStarEmpty Star
    ReputationStarStarStarStarEmpty Star
    Deposit methodsStarStarStarStarEmpty Star
    FeesStarStarStarEmpty StarEmpty Star

    This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.

    What Is Easy Crypto?

    Easy Crypto is a digital currency exchange that was founded in New Zealand. The crypto exchange in New Zealand aims to provide an easy place to buy digital assets based on the owner's own first-hand experience and frustrations using other services. After the success of Easy Crypto New Zealand, the founders launched Easy Crypto Australia and South Africa to provide a similar service to the Australian crypto market.

    Easy Crypto aims to bring a simple and beginner-friendly online platform to make it easier to buy Bitcoin and invest in digital currencies. The exchange provides a variety of common deposit methods to buy over 150 cryptocurrencies using AUD, NZD, and ZAR. The platform is registered with AUSTRAC which enforces financial laws to provide a safe and secure exchange to buy crypto with a 100% fund safety guarantee. Purchased assets are sent directly to a wallet for optimal security and peace of mind which makes Easy Crypto a great option to consider.

    Other notable features include:

    • Safe and secure crypto exchange to buy/sell digital currencies
    • Deposit funds using POLi and OSKO
    • 1.35% flat trading fee
    • No deposit or withdrawal fees
    • Purchased crypto can be sent directly to an external hardware wallet
    • 4.7 star rating based on 1,600 reviews
    • 10% affiliate program for the first 12 months
    Exchange NameEasy Crypto
    Fiat CurrencyAUD, NZD & ZAR
    Cryptocurrency150+
    Payment TypePOLi, OSKO
    Trading Fee1.35%
    Deposit FeeNone
    Withdrawal FeeNone
    Mobile AppNo

    Pros & Cons

    The main benefit of using Easy Crypto is the non-custodial nature of the platform which offers top security. Furthermore, the exchange is built for beginners with a simple and elegant design to deposit funds, purchase crypto and send it directly to a hardware wallet.

    The downsides of Easy Crypto include the excessive trading fee of 1.35% per transaction which should be avoided. Compared to other crypto exchanges in Australia and New Zealand like Swyftx and Digital Surge, Easy Crypto is expensive to use and there are cheaper alternatives. Overall, Easy Crypto doesn't offer much in the way of innovative features, however, there is enough there for beginners who prefer to HODL their crypto.

    Easy Crypto Pros:
    • Reputable exchange in New Zealand and Australia
    • Purchased crypto is sent directly to customers crypto wallet
    • Variety of deposit methods for AUD, NZD and ZAR
    • Simple and effective user interface for beginners
    • Good selection of more than 150 crypto assets
    Easy Crypto Cons:
    • The trading fee has increased from 1% to 1.35% which is expensive
    • Does not have features such as staking, margin trading, lending or savings accounts
    • Does not have a mobile app
    • Not suitable for experienced investors and crypto traders

    Easy Crypto Review - Quick Verdict

    Easy Crypto is a trustworthy crypto exchange that has expanded its operations from New Zealand and into Australia and South Africa. The exchange provides investors with easy access to over 150 digital currencies such as Bitcoin and Ethereum that can be bought using Australian Dollars (AUD), New Zealand Dollars (NZD), and the South African Rand (ZAR). The key strength of the platform lies in its extremely high level of simplicity which will suit beginners including those who are buying crypto for the first time.

    However, Easy Crypto has increased its flat buy and sell trading fee to 1.35% which is very high in the Australian and New Zealand crypto markets. There are several cheaper alternatives for investors looking to purchase crypto assets that should be considered.

    Review of Easy Crypto's Top Features

    Suited For Beginners

    The buying and selling process on Easy Crypto has been designed to suit beginners with a streamlined, modern, and easy-to-use platform. The investor simply chooses the coin to buy, enters an amount, selects a payment method and the digital assets are sent directly to a nominated wallet address. The overall purchasing process can be completed in a few minutes. This is a significant advantage to other platforms which can be complicated for new investors.

    Easy Crypto websiteEasy Crypto website

    Supported Cryptocurrencies

    Easy Crypto supports the major cryptocurrencies to buy in Australia such as Bitcoin, Ethereum, Litecoin, XRP, and several altcoins. In total, there are currently 158 cryptocurrency assets that can be purchased using AUD, NZD, or ZAR. The selection of available coins is fairly limited compared to the larger and more established exchanges. For example, Swyftx, CoinSpot, and Binance offer between 320 and 600 cryptocurrency projects. A full list of the digital assets available on Easy Crypto can be viewed on the website by clicking on 'Rates'.

    easy crypto supported cryptoeasy crypto supported crypto

    100% Fund Safety Guarantee

    Easy Crypto is one of the only crypto exchanges that offer a 100% guarantee on all transactions once the payment is received. In the unlikely event the funds are lost during the transaction process, Easy Crypto will honor the amount and complete the trade to the nominated wallet address. Investors can have full confidence in using Easy Crypto knowing there is zero risk of losing their funds. However, investors should be aware the guarantee does not lock in the prices which can vary before the payment is received.

    easy crypto fund safety guaranteeeasy crypto fund safety guarantee

    Visual Portfolio Tracker

    Investors that buy and sell crypto can monitor their overall portfolio and net worth in relation to the amount of fiat deposited. Easy Crypto's portfolio tracker automatically keeps track of all buy and sell transactions. The market value, total return, and change over 24 hours or weekly of the portfolio are displayed in a line chart to monitor the investment performance over time. There is also a portfolio wheel that shows the allocation of each coin within a portfolio. This is a great feature for beginners to track their assets, however, it is quite basic when compared to the best crypto portfolio trackers in the market which can connect to multiple exchanges and monitor using a mobile app.

    easy crypto portfolioeasy crypto portfolio

    Dollar Cost Averaging

    Investors can set up Auto-Buys using Easy Crypto to deposit funds on a daily, weekly, or monthly frequency. The benefit of recurring orders is that it removes the stress associated with 'price' and swings in volatility. Customers can set up automatic payments and transfer funds to the exchange using PayID or a bank transfer. Easy Crypto will automatically purchase the selected coins and deliver them straight to the nominated wallet address. It is a safe and easy way to start a crypto portfolio using dollar-cost averaging.

    easy crypto dollar cost averagingeasy crypto dollar cost averaging

    Support for SMSF Investors

    Self-Managed Super Fund (SMSF) investors who want to use their Super Fund to invest in digital currencies such as Bitcoin can do so with Easy Crypto. Users can either transfer their existing SMSF over or create a new account. Little information regarding how the service is facilitated is provided on the website. To start the process of setting up an SMSF account, users will need to submit a ticket.

    It is important for all SMSF to understand the costs, risks, and regulatory nuances behind using super funds to invest in digital assets. For more information, read our Australian cryptocurrency SMSF guide.

    Easy Crypto Compared

    Low fees are a common factor for investors looking for an exchange to buy Bitcoin using AUD, NZD or ZAR. This comparison table lists other cryptocurrency exchanges like Easy Crypto which offers low trading fees.

    ExchangeCrypto AssetsTrading FeesRatingPromotionWebsiteReview
    Swyftx

    Swyftx

    320+0.6%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.8/5
    StarStarStarStarEmpty Star
    $20 Bitcoin for creating a verified accountVisit SwyftxSwyftx Review
    CoinSpot Logo

    CoinSpot

    350+1%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.7/5
    StarStarStarStarEmpty Star
    None available at this timeVisit CoinSpotCoinSpot Review
    FTX Australia

    FTX Australia

    3250.02% / 0.07%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.4/5
    StarStarStarStarEmpty Star
    5% off trading feesVisit FTX AustraliaFTX Australia Review
    easy crypto

    Easy Crypto

    150+1.35%
    RatingOur ratings take into account the ease of use, fees, deposit methods along with the exchange's reputation. All ratings are determined solely by our editorial team.
    4.3/5
    StarStarStarStarEmpty Star
    $10 bonus after first purchaseVisit Easy CryptoEasy Crypto Review

    Is Easy Crypto Safe?

    Easy Crypto is a very safe exchange that does not store customer funds or private keys for purchased cryptocurrencies. The broker complies with AML/KC requirements, offers a 100% fund safety guarantee, and includes 2FA to secure user accounts. These measures provide investors with peace of mind and confidence their money is safe and greatly reduce the risk of hacking attempts. According to our research, there have been no security breaches or hacking attempts on Easy Crypto.

    What Countries Does Easy Crypto Support?

    Easy Crypto is available in Australia and New Zealand however the websites are separately run entities. The Easy Crypto New Zealand site is for residents in New Zealand that want to invest in crypto. The platform was first launched across the Tasman Sea and is regarded as one of the best local exchanges in New Zealand. Easy Crypto has recently expanded and launched a crypto exchange in South Africa and also an exchange in Australia.

    Verification Requirements

    Easy Crypto uses a tiered verification process to comply with the law and protect its customers by preventing fraud. It is also required to be fully compliant with KYC and AML regulations for the trading of digital assets.

    Basic verification will require a valid photo identification document such as a Drivers Licence or Passport. You will also be required to upload a selfie to ensure you are the actual person verifying the account. Basic verification increases the daily limit to $10,000 up to a total account maximum of $25,000. To increase the account limit to $100,000, users will need to complete the enhanced verification process.

    Payment Methods

    Easy Crypto only supports fiat deposits in Australian Dollars (AUD), New Zealand Dollars (NZD), and South African Rand (ZAR). For investors in Australia and New Zealand, the supported payment methods include bank transfers, PayID, POLi, and Account2Account.

    easy crypto payment methodseasy crypto payment methods

    The speed of each deposit method will depend on the selected bank. Account2Account and POLi Payments are near-instant payment methods and do not have any fees. On the other hand, POLi Pay has a 1% deposit fee which is very expensive and does not include any trading fees.

    Using a bank transfer has zero fees but can take between 1-3 business days for the funds to arrive. For high-net worth investors, the limits are generally higher using a bank transfer compared to the other payment methods. Once the deposit has reached Easy Crypto, the order will be fulfilled and delivered to the nominated wallet address in approximately 5 minutes.

    What Are The Fees?

    Exchange fees are an important consideration when using a fiat-to-crypto exchange. It becomes even more critical when purchasing larger amounts. Easy Crypto is transparent with its fees which are listed on the website. Easy Crypto charges a flat trading fee of 1.35% for all buy and sell orders. There are no fees to deposit or withdraw AUD using a bank account in Australia.

    This is comparable to similar exchanges such as CoinSpot, CoinJar, and Elbaite but the fees are expensive when compared to Swyftx and Digital Surge. The two Australian-based exchanges are available in NZ and have a trading fee of 0.6% and 0.5% respectively and are cheaper alternatives to Easy Crypto.

    Ease of Use

    The process to sign up with Easy Crypto and fund a new account is incredibly simple. The mandatory ID verification process is streamlined and can be completed in as little as 5 minutes. The user interface is visually attractive as well as highly functional. The learning curve for people who are new to crypto exchanges will more than likely be short.

    Once digital currencies are purchased, beginners can easily track their value over time using the Tracker feature. The visually pleasing and simple charting of the net worth of a crypto portfolio will allow beginners to understand their performance, and will be especially useful for those who prefer the HODL strategy. Whilst this is a common feature for most beginner-orientated platforms, Easy Crypto has provided more value than most by complementing it with other easy-to-understand metrics and statistics.

    Overall, we found the Easy Crypto user experience to be quite enjoyable. In our opinion, Easy Crypto user experience is best suited for beginners and amateur crypto enthusiasts. More experienced investors and traders may find its features to be lacking.

    Security

    Easy Crypto includes in-built security features and processes to ensure its customers have peace of mind. Several precautions have been undertaken to ensure the safety of client funds such as:

    • Regulation. Easy Crypto exchange is registered with AUSTRAC and complies with AML/KYC requirements.
    • Verification process. Adheres to KYC processes per regulations for fiat currency deposits, withdrawals and trading.
    • Hardware Wallet. Easy Crypto provides the ability to deposit digital currency directly to the user's cold-storage hardware wallet linked to the account. This means that user's crypto assets are not held by the exchange and are vulnerable to crypto hackers.
    • Security features. Easy Crypto includes 2-factor authentication in addition to a verified email address linked to the account. This adds an additional layer of security to the account that makes it very difficult for cybercriminals to compromise client accounts and withdraw funds. They would have to know your login information and be in possession of your mobile phone (and able to unlock it)

    Easy Crypto Alternatives

    Easy Crypto is a top-rated crypto exchange with a variety of features to suit investors and traders within Australia, New Zealand, and South Africa. The following exchanges offer similar features that are reputable and trustworthy alternatives to Easy Crypto.

    • Swyftx. The Brisbane-based crypto exchange is a standout platform for beginners and serious investors. With over 320 cryptocurrencies, advanced trading features, dollar cost averaging and taxation tools, Swyftx is our best-rated exchange in New Zealand and Australia.
    • Digital Surge. Digital Surge is an innovative and well-designed platform that is tailor-made for beginners. The user interface is modern, easy to use and simple. There are 300 digital currencies that can be bought and sold in a matter of minutes.
    • Independent Reserve. Founded in 2013, Independent Reserve is a long-running crypto exchange in Australia and New Zealand. The exchange has competitive trading fees of 0.5% per transaction that decrease with higher volumes within a 30-day period. Independent Reserve is a trusted crypto provider with over 80,000 Super Funds investors.
    • Binance. The largest cryptocurrency exchange in the world accepts New Zealand Dollars directly on the platform. Best-known for its large selection of cryptocurrencies, low trading fees of 0.1%, and advanced trading platform, Binance is a good choice for New Zealanders.
    • Coinstash. A new crypto exchange in Australia that has a beginner-friendly user interface and is ideal for beginners. The fees are slightly cheaper than Easy Crypto and have a similar number of supported cryptocurrencies.

    Frequently Asked Questions

    Easy Crypto does not offer a mobile trading app for its users to buy and sell digital currencies. The desktop version of the website is mobile friendly and can be used on smart devices.

    Easy Crypto does not have a derivatives or Futures market to trade cryptocurrency with margin or high leverage. Traders will need to find a leverage exchange that supports crypto. Examples are Binance, FTX and Bybit which are available in Australia to use.

    Conclusion

    To conclude our Easy Crypto review, we can say that the exchange appears to be a reputable service that originated in New Zealand and has expanded its offering to cater to the Australian market. In comparison to other cryptocurrency exchanges in Australia, the 1.35% trading fees are high and do not offer good value for money. However, Easy Crypto is a straightforward and simple exchange that supports multiple fiat currencies for beginners to get started in over 150 digital currencies.

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    Kevin GrovesKevin GrovesKevin Groves

    Kevin started in the cryptocurrency space in 2016 and began investing in Bitcoin before exclusively trading digital currencies on various brokers, exchanges and trading platforms. In 2019, he started HedgewithCrypto to publish informative guides about Bitcoin and share his experiences with using a variety of crypto exchanges around the world.

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