Easy Crypto review | June 2019

Easy Crypto Cryptocurrency Exchange
Easy Crypto Cryptocurrency Exchange
  • Choice of 40+ cryptos
  • Cryptos can be sent to your wallet in 3 minutes
  • Online verification can take 2 minutes
  • NZD deposits accepted
Find out more Go to site

A simple way to buy bitcoin and more than 40 other cryptocurrencies in minutes.

Easy Crypto is a cryptocurrency broker that aims to make it as quick and easy as possible for New Zealanders to buy bitcoin, Ether, Litecoin and a wide range of other popular coins and tokens. With a simple purchasing process and fees of 1–3%, the platform is designed to help users build a digital currency portfolio without any stress.

However, is it the right platform for you to buy digital coins and tokens? Let’s take a closer look at the features it offers to find out.

Product Name Easy Crypto Cryptocurrency Exchange
Fiat Currencies NZD
Cryptocurrencies ZRX, AION, AMN, REP, BTC, BCH, ADA, CENNZ, DGB, ENJ, EOS, ETH, ETC, GVT, GNT, ICX, ARK & 23 more
Deposit Methods Bank transfer
POLi
Trading Fee 1-3%
Deposit Fees None
Withdrawal Fees None

Pros

  • You retain control of your crypto private keys
  • Easy to use and suitable for beginners
  • Transparent fee structure and no hidden charges
  • Access to a decent selection of coins and tokens

Cons

  • 1-3% fee charged on all purchases
  • No support for cryptocurrency deposits as of yet
  • Currently only supports NZD
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Easy Crypto?

Based in New Zealand and run by sibling duo Alan and Janine Grainger, Easy Crypto was developed with the aim of creating an easy and safe way for New Zealanders to access cryptocurrencies. Easy Crypto is a cryptocurrency broker, meaning that you can use its platform as a gateway to purchase and sell listed cryptocurrencies.

To buy cryptocurrency is simple:

  1. Choose whether you want to store your coins in an Easy Crypto Portfolio or in an existing wallet.
  2. Select the currency or currencies you want to buy.
  3. Specify how much money in New Zealand dollars (NZD) you want to spend, up to an order limit of NZ$30,000 (for address and ID verified customers).
  4. Click “Buy Now”.
  5. Pay through the Easy Crypto website via POLi or deposit the required funds via bank transfer.
  6. Once Easy Crypto has received your payment, your order will be automatically processed and will typically arrive in your inbox within a few minutes.

Selling cryptocurrency is just as easy:

  1. Choose the “Sell” option.
  2. Enter the amount of the currency that you wish to sell.
  3. Send your coins to the wallet address provided.
  4. Once your coins are received the transaction will be processed, and NZD will be sent to your nominated bank account that same day.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: NZD
  • Supported cryptocurrencies: Approximately 42 cryptocurrencies
Go to Easy Crypto's website

Available countries

If you want to create an account with Easy Crypto, you will need to be at least 18 years old and resident in New Zealand. However, the platform plans to extend its services to Australian residents soon, so watch this space for future updates.

Which payment methods are accepted?

Easy Crypto currently only accepts payments in NZD but plans to add support for cryptocurrency deposits in the future. You can deposit NZD into your account in two ways:

  • POLi Payments
  • Bank transfer

How much will it cost me to use Easy Crypto?

Easy Crypto charges fees of 1–3% on all cryptocurrency purchases. This fee is included in the rate you are quoted for a transaction and covers currency exchange fees, mining fees, gas prices and withdrawal fees. There are no other hidden fees you need to worry about.

How fast will my funds be available?

Easy Crypto won’t purchase any digital currency on your behalf until it has received the NZD spending amount into its nominated bank account. It aims to process transactions within three minutes of your deposit arriving, 24/7.

Are there any transfer limits?

Easy Crypto imposes limits on the amount of cryptocurrency you can purchase, but these limits vary depending on the level of verification you have attained. These limits are set out in the table below.

Verification tierVerification process and requirementsLimitsPOLi PaymentBank transfer
0Create an account using Facebook, Google, Twitter, Github or your email address.
You must verify your email address before you can place an order.
  • $500 total across all orders
  • 2-order maximum
Purchase processed immediately, 24-hour hold on delivery.Not available
1Verify your account by providing:

  • A photo of your NZ driver’s licence or NZ passport.
  • Your address details.
  • A selfie.
  • $30,000 total across all orders
Purchase processed immediately and delivered when completed.Purchase processed when deposit received and delivered when completed.
2You must first complete Tier 1 verification and then provide:

  • Evidence of your source of funds.
  • An explanation of the purpose of your transactions.
  • Your expected transaction frequency and amounts.
  • $30,000+ across all orders
Purchase processed immediately and delivered when completed.Purchase processed when deposit received and delivered when completed.
Go to Easy Crypto's website

Is it safe to use Easy Crypto?

Easy Crypto has recently introduced a 100% guarantee that your crypto will arrive at your delivery address every time.

The Easy Crypto Portfolio is a cold storage wallet encrypted with AES 256-bit CBC encryption, and the keys are encrypted with thousands of iterations of password hashing algorithm PBKDF2. Users are also allowed to retain control of their private keys, allowing you to control access to your funds.

It’s also worth pointing out that Easy Crypto is a registered financial services provider and a member of the Financial Dispute Resolution Service, so it has processes in place to ensure that all your dealings with the platform are fair.

Before you can place an order through Easy Crypto, you’ll first need to verify your email address. In order to access higher transaction limits and all payment methods, you’ll be required to submit:

  • A photo of your driver’s licence or passport
  • Your address details
  • A selfie

Customer support

If you have a problem with a transaction or a question about your Easy Crypto account, you can check the range of FAQs on the company’s website or submit a support ticket online. There’s also a contact form for anyone looking to submit general email enquiries.

Pros and cons

Pros

    • You retain control of your crypto private keys
    • Easy to use and suitable for beginners
    • Transparent fee structure and no hidden charges
    • Access to a decent selection of coins and tokens

Cons

  • 1–3% fee charged on all purchases
  • No support for cryptocurrency deposits as of yet
  • Currently only supports NZD

Next steps

If you’ve compared a range of options and decided that you’d like to buy cryptocurrency through Easy Crypto, click on one of the “Go to site” links on this page. You’ll be securely redirected to the Easy Crypto website where you can begin the registration process. You’ll need to provide your email address and create a passphrase to get started, plus provide proof of ID to verify your account and access higher transaction limits.

Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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