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Fiat currencies
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Cryptocurrencies
| Product Name | Easy Crypto |
|---|---|
| Fiat Currencies | NZD |
| Cryptocurrencies | BTC, ETH, BNB, XRP, ADA, SOL, DOT, DAI, EOS, LTC & 125 more |
| Deposit Methods |
Bank transfer Credit card Debit card POLi Account2Account |
| Trading Fee | 0.5-1.8% |
| Deposit Fees | None |
| Withdrawal Fees | None |
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:
Selling cryptocurrency is just as easy:
If you want to create an account with Easy Crypto, you will need to be at least 18 years old. It’s available in New Zealand and Australia.
Easy Crypto accepts payments in NZD, AUD and cryptocurrency. You can make fiat currency deposits in two ways:
Easy Crypto charges fees of 0.5% and 1.8% 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.
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.
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 tier | Verification process and requirements | Limits | POLi Payment | Bank transfer |
|---|---|---|---|---|
| 0 | Create an account using Facebook, Google, Twitter, Github or your email address. You must verify your email address before you can place an order. |
| Purchase processed immediately, 24-hour hold on delivery. | Not available |
| 1 | Verify your account by providing:
|
| Purchase processed immediately and delivered when completed. | Purchase processed when deposit received and delivered when completed. |
| 2 | You must first complete Tier 1 verification and then provide:
|
| Purchase processed immediately and delivered when completed. | Purchase processed when deposit received and delivered when completed. |
Easy Crypto does not hold user funds. It is a brokerage service, where customers buy cryptocurrencies and then have it delivered to their wallet address. This means users are not at risk of losing their deposited funds to an exchange hack.
You can also create a wallet through Easy Crypto. If you do, you get access to a cold storage wallet encrypted with AES 256-bit CBC encryption, where the keys are encrypted with thousands of iterations of password hashing algorithm PBKDF2. Users retain control of their private keys.
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:
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
Cons
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.
