Easy Crypto review
- Regulator registration
- AUSTRAC
- Supported assets
- 157
- Fiat currencies
- 1
Our verdict
Like the name suggests, Easy Crypto aims to make it easy for anyone to get into the crypto market.
Easy Crypto lets you buy and sell a surprisingly diverse range of coins using Australian dollars and even use its swap feature to move directly from one coin to another, or set up auto-buys whenever you deposit funds into your account.
It also simplifies the trade process by offering a set buy and sell price on all coins that includes any fees. This means the price you see on the website is the price you get, with no hidden fees.
Unlike other crypto exchanges, Easy Crypto does not hold your coins. When you purchase coins from Easy Crypto, they are transferred to your own self-custodial wallet. While this may be daunting for beginners, it does encourage users to take control of their own coins and wallet.
Pros
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No hidden fees. All fees are included in the offered price.
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Offers AUD buys and sells. You can trade crypto using Australian dollars.
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Swap cryptos directly. Trade one crypto for another without having to sell back to AUD first.
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Trade 150+ coins. Easy Crypto offers a wide selection of cryptocurrencies.
Cons
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Self-custodial. Easy Crypto will not store your coins on your behalf. You’ll need to manage them yourself using your Easy Crypto wallet.
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Basic trade features. There’s no orderbook or advanced trading options. You can only buy or sell at the advertised price.
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Swap feature may not be most cost effective. While it offers convenience, it might be cheaper to swap coins via another method.
Details
Product details
| Product Name | Easy Crypto |
| Fiat Currencies | AUD |
| Cryptocurrencies | BTC,ETH,USDT,BNB,SOL,XRP,USDC,DOGE,ADA,AVAX & 147 more |
| Deposit Methods |
Bank transfer |
| Trading Fee | Fees vary |
| Deposit Fees | None (Network fees apply) |
| Withdrawal Fees | None (Network fees apply) |
About Easy Crypto
Easy Crypto is an AUSTRAC registered crypto platform that aims to simplify the process of buying and selling cryptocurrencies.
Founded in New Zealand in 2018, it now also offers crypto investing in Australia, Brazil and South Africa.
Easy Crypto supported assets
Easy Crypto supports over 156 cryptocurrencies, but some notable assets are missing. Namely, Lido Staked Ether, Toncoin and Wrapped stETH, which are in the top 20 cryptos by market cap. In total, 15 of the top 20 cryptos are available on Easy Crypto.
Popular assets on Easy CryptoEasy Crypto fees review
Easy Crypto doesn’t charge a set trading fee, instead it factors all fees into the price it offers on its website.
While this can simplify the purchasing process, especially for beginners, it might not be the most cost effective way of buying crypto.
However, you can get a fee discount depending on how much you use Easy Crypto. You’ll receive a 5% discount on fees once you’ve spent $1,000, 10% discount once you’ve spent $10,000 and a 20% discount after you’ve spent $100,000.
Other fees
As we mentioned above, Easy Crypto incorporates all relevant fees into the price it offers on its website. This includes any network fees, mining fees, exchange fees or gas fees.
However, depending on your deposit method, you may need to pay a fee when adding AUD to your account.
Easy Crypto uses a maker taker fee structure for spot market trading. Instant purchases incur a separate fee.
| Type | Fee |
|---|---|
| Maker | Fees vary |
| Taker | Fees vary |
Maker fee explained. A maker fee is the fee charged when you propose an order for other traders to take. In other words, this fee is charged when you place a limit order to sell an asset, but that order is not filled immediately.
Taker fee explained. A taker fee is a fee charged when a buy order is matched immediately with a sell order on the books. This is the fee charged when you place a market buy order.
Easy Crypto deposit methods
- Bank transfer
How to sign up on Easy Crypto
You'll need to set up an account and complete Know Your Customer (KYC) verification to use Easy Crypto:
- Create an account
You can sign up using your email, Facebook or Google account. - Complete verification
You'll need to submit proof of your identity before you can place your first order. Automatic verification can take a few minutes, but you'll have to wait up to 24 hours for manual verification. - Deposit funds
You can send AUD directly to your Easy Crypto account via bank transfer, Polipay or Stripe. - Place your order
You can buy and sell crypto instantly, swap one crypto for another, or set up auto-buys.
Is Easy Crypto safe?
Easy Crypto is registered as an Australian company and also registered with AUSTRAC.
It’s also a self-custodial crypto platform, which means it won’t store your coins on your behalf. However, this does not mean it is immune from potential hacks.
Keeping your crypto secure
All centralised exchanges, including Easy Crypto, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $149 |
Price (USD) $49.99 |
See more of the best crypto wallets
Easy Crypto customer support
You can contact Easy Crypto via its online chat function. It may take up to 3 business days to receive your first response, but aims to reply within 1 day.
How to reach Easy Crypto customer support
Alternatives to Easy Crypto
Your reviews
Thomas Finder
Publisher
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