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Easy Crypto Review 2024
In Easy Crypto review article, we talk about buying and selling cryptocurrencies. We analyze whether the platform is easy to use, sign-up process, and fees.
We also explain how to buy and sell on Easy Crypto and the platform’s special features, like automatic investing and tools for tax reporting. Lastly, we discuss the customer support options.
Table of content
Pros of Easy Crypto Platform
✅ Cryptocurrency Selection: Offers a diverse range of 109 cryptocurrencies, catering to various interests and investment strategies.
✅ User-Friendly Interface: Designed for ease of use, making it accessible for beginners and efficient for experienced traders.
✅ Low Minimum Order Requirement: Allows users to start trading with as little as NZ$50, lowering the barrier to entry for new investors.
✅ Direct Cryptocurrency Delivery: Sends purchases directly to the buyer's wallet, enhancing asset security and control.
✅ Transparent Fee Structure: Fees range from 0.70% to 0.90%, with no hidden costs, providing transaction clarity and predictability.
✅ Various Payment Methods: Supports multiple payment options, including Account2Account, credit/debit cards, POLi Pay, and bank transfers.
✅ Non-Custodial Security: Does not store users' cryptocurrencies, reducing the risk of exchange hacks.
✅ Special Features for Investors: Offers tools like Auto-Invest for regular investing and tax reporting tools for easy portfolio management.
✅ Efficient Customer Support: Provides various support channels, including email, live chat, and social media.
Cons of Easy Crypto Platform:
❌ Fee for Certain Payment Methods: While some Easy Crypto payment methods are free, others, like POLi Pay incur a small charge.
❌ Wider Buy-Sell Spread: The spread between buy and sell prices might be wider than other platforms due to the all-inclusive fee structure.
❌ Limited Global Accessibility: Primarily tailored to New Zealand users, which might limit its use for international traders.
EasyCrypto Review: Cryptocurrency Selection
Easy Crypto trading platform catering to beginners and experienced traders. It offers a wide variety of 109 different cryptocurrencies, including top 10 cryptocurrencies, giving users plenty of options to choose from:
- Wide Selection: Users can trade well-known cryptocurrencies like Bitcoin and Ethereum and explore a range of lesser-known coins.
- Low Minimum Order: With just NZ$50 needed to start trading, it's easy for anyone to get involved in the crypto market.
The platform includes popular and up-and-coming altcoins and cryptocurrencies other than Bitcoin. These altcoins often introduce new blockchain technologies and have unique uses, which could lead to growth in different sectors like finance and art.
Easy Crypto wallet stays up-to-date with the latest in decentralized finance (DeFi) and non-fungible token (NFT) projects, which are often used for NFT betting. A broad selection of altcoins allows users to make investment choices that suit their interests and market trends.
Easy Crypto's User Interface
EasyCrypto platform is designed with ease of use in mind, helping newcomers understand and navigate the world of digital currencies.
Here's what makes Easy Crypto user-friendly:
- Signing up is easy and fast. You only need to provide some basic info to get started.
- The KYC (Know Your Customer) process is straightforward, which helps keep the platform safe and compliant.
- There's a wide variety of 109 cryptocurrencies to choose from, catering to both newbies and experienced traders.
- The Easy Crypto fees are transparent and included in the prices you see. They range from 0.70% to 0.90%, so no hidden costs exist.
- They have Easy Crypto app. The availability of the EasyCrypto app enhances accessibility, allowing users to manage their digital assets conveniently on the go.
Direct Cryptocurrency Delivery
Easy Crypto sends cryptocurrency purchases directly to the buyer's wallet. This practice offers several benefits:
- Enhanced Security: As Easy Crypto does not hold onto your funds or private keys, the risk associated with exchange hacks is mitigated.
- Total Control: Users have complete control over their assets immediately after purchase, as currencies are sent straight to their chosen wallet, for example YouHodler.
- Transfer speed: The transfer time may vary based on the chosen cryptocurrency and current network traffic. However, Easy Crypto allows you to complete transactions as speedily as network conditions permit.
Payment Methods and Fees
Easy Crypto offers a variety of payment options tailored to meet the needs of a diverse user base, coupled with an all-inclusive fee strategy designed to maintain transparency and predictability in costs.
Making crypto purchases accessible and convenient, Easy Crypto supports a range of payment methods. Among these, the Account2Account service stands out as a noteworthy feature for its cost-effectiveness, providing immediate transfers without additional fees.
In addition to Account2Account, users can also opt for the traditional methods such as:
✔️ Credit and debit card transactions to facilitate swift purchases.
✔️ POLi Pay is an online payment method widely used in New Zealand.
✔️ Bank transfers are a staple for users who prefer dealing with their existing bank accounts.
Each method offers flexibility, allowing users to choose the most convenient way to finance their cryptocurrency investments. However, it's important to note that while Account2Account and Bank Transfers are free, specific methods like POLi Pay come with a small charge—a 1% fee capped at 3 NZD.
Easy Crypto Fee Structure
Easy Crypto offers a clear and simple way to trade cryptocurrencies with their all-in-one fee structure. Here's what makes it great for users:
- No hidden account fees: You won't find surprise charges that could lower your profits.
- Transparent prices include everything so you can manage your money better.
- Easy trading: You don't have to worry about extra costs, so you can just focus on your trading.
Here are a few points to keep in mind regarding their fees:
- Fees typically range between 0.70% to 0.90%, making the costs competitive compared to other exchanges.
- Including foreign exchange fees is particularly beneficial for international users who would otherwise have to calculate additional costs for currency conversions.
- Since the fees are all-inclusive, users will find the buy-sell spread wider than other platforms where fees are not included. This difference, however, represents the all-in pricing model Easy Crypto uses.
EasyCrypto.com Review: Buying and Selling
The platform facilitates a comfortable and hassle-free experience, allowing users to focus on their investment choices rather than worrying about complex procedures.
How to Make Your First Purchase
Getting started on Easy Crypto is as straightforward as it gets. Here's how you can make your first purchase:
- Create an Account: The first step requires signing up for an account. You must provide basic information and verify your identity to comply with standard regulations.
- Choose Your Cryptocurrency: With over 109 available coins, decide which cryptocurrency you want to buy. For that, you can explore our article – Best cryptocurrencies to buy.
- Set Up Your Wallet: You need a secure wallet to store your digital assets before purchasing. EasyCrypto wallet allows direct delivery of currencies to your wallet. Choose between reputable software wallets or invest in hardware wallets provided by Easy Crypto as an official reseller.
- Make a Payment: With a minimum order of just NZ$50, choose your payment method. Account2Account or bank transfers are ideal for cost-savings as they incur no additional fees. If time is of the essence, POLi Pay is a quick alternative with a modest fee.
Once the payment is settled, Easy Crypto sends the cryptocurrency directly to your designated wallet, ensuring you have complete control over your newly acquired digital assets.
On EasyCrypto.com, selling your cryptocurrency is as seamless as purchasing. Whether you're cashing out or simply reshuffling your portfolio, here's what you need to know:
- Access Your Portfolio: Log into your Easy Crypto account to access the cryptocurrencies you hold.
- Choose What to Sell: Select the cryptocurrency you wish to sell from your portfolio. Enter the amount you sell in cryptocurrency units or your desired fiat value.
- Receive Your Funds: Confirm the transaction, and Easy Crypto will facilitate the sale. The corresponding fiat currency will be directly transferred to your bank account.
Easy Crypto employs a non-custodial approach to user funds, which means the platform doesn't store cryptocurrencies or private keys on behalf of users. This greatly diminishes the risk of losing funds due to platform hacking, as the control stays with the user.
The non-custodial policy offers several advantages:
✔️ Personal Control: Users completely control their cryptocurrency, ushering in a heightened sense of responsibility and ownership.
✔️ Reduced Risk: By not storing assets on the platform, Easy Crypto mitigates the threat of large-scale breaches that could compromise multiple users simultaneously.
✔️ Immediate Transfer: Upon purchasing cryptocurrency, the assets are immediately transferred to the user's wallet of choice, reducing the time window for potential security issues.
⭐ How many cryptocurrencies can I trade on Easy Crypto?
You can trade over 109 different cryptocurrencies on Easy Crypto.
⭐ What is the minimum amount to start trading on Easy Crypto?
You can start trading with a minimum of just NZ$50.
⭐ Does Easy Crypto have a user-friendly interface for beginners?
✅ Yes, Easy Crypto is designed to be easy for beginners and experienced traders.
⭐ Are there hidden fees when trading on Easy Crypto?
❌ No, Easy Crypto has a transparent fee structure, with fees ranging from 0.70% to 0.90%, and no hidden costs.
⭐ Is Easy Crypto legit and secure?
✅ Easy Crypto sends your cryptocurrency directly to your wallet, ensuring enhanced security and complete asset control.
Easy Crypto exchange stands out in the crowded cryptocurrency exchange market with a few key features that cater to both the casual investor and the more statistic-oriented trader.
Crypto's Auto-Invest feature lets users set up automatic orders to buy their chosen cryptocurrencies regularly, making investing simpler and more disciplined, similar to traditional investing methods. This can be attractive for both experienced investors and beginners.
- It simplifies investing regularly, ensuring users can use the dollar-cost averaging strategy without manually executing trades.
- Users have control over how much and how often they invest, making it flexible to individual financial situations.
- It reduces the emotional aspect of investing, as purchases are made systematically regardless of market conditions. This helps users stick to a long-term investment strategy.
Tax Reporting and Tracker Tools
Easy Crypto offers tools to help traders and investors manage their portfolios and handle taxes. The Tracker shows all trading data in one place, including the total value of your portfolio, how much money you've put in, and your profits. This makes it easy to see how well you're doing quickly.
For taxes, Easy Crypto has a feature that summarizes your trades and how they might affect your taxes, making it easier to follow tax rules and prepare for tax time. Easy Crypto goes beyond just buying and selling cryptocurrencies by including these tools.
They help users make smart choices, keep track of their investments, and stay on the right side of tax laws. These features are important for investors who want a platform that offers more than just trading.
Easy Crypto offers support through various channels, ensuring inquiries are handled efficiently. The support team can be reached via:
✔️ Email support for detailed queries and troubleshooting.
✔️ Live chat for real-time assistance during business hours.
✔️ Social media platforms like Facebook and X for a more informal and quick response.
Easy Crypto Review: Conclusion
In Easy Crypto review conclusion, it is a straightforward and accessible cryptocurrency trading platform, ideal for new and seasoned traders. It offers a wide selection of cryptocurrencies, a user-friendly interface, and direct delivery of assets to your wallet.
It simplifies crypto trading with transparent fees and various payment methods, although it might need more advanced features for more experienced traders. Its focus on security and customer support makes it a reliable choice for those interested in cryptocurrency investments.