Easy Crypto is a non-custodial exchange in Australia with 150+ cryptocurrencies. In this review, we'll look at a wide variety of topics like fees, security, and coins offered.
At RankFi, we've tested 20+ Australian crypto exchanges. We'll let you know how Easy Crypto stacks up to the competition and most importantly, is it worth it? Let's jump in.
Overview
📲 Features | Header | 🔐 Security | Header |
|---|---|---|---|
Coins Mobile App Web App Beginner Friendly? Pro Trading Terminal Limit Orders Recurring Buys Bundles Staking Margin Futures OTC 24/7 Support | 150+ Yes* Yes Yes No No Yes Yes No No No Yes No | App 2FA Uses Cold Storage? AUSTRAC Regulated? Any Hacks or Incidents? Insurance Policy View Login History Address Whitelisting Crypto Withdrawals Allowed Year Founded Publicly Traded? | Yes Non-custodial Yes No No No Yes Yes 2017 No |
💰 Fees | 0.0/5 | 🏦 Deposits & Withdrawals | 0.0/5 |
$100 Buy After All Fees $100 Sell After All Fees Best Deposit Fee Best Withdrawal Fee Trading Fee BTC Spread (Dec 17, 21) BTC Withdrawal Fee ETH Withdrawal Fee | $98.55 (1.45%) $99.05 (0.95%) N/A N/A 1.00% 2.42% Dynamic Dynamic | Buy With AUD? Direct Bank Transfer POLi PAYid Credit/Debit BPay Other Fiat Currencies | Yes Yes Yes No No No No |
- Total fees and spread was tested Dec 17, 2021 and is subject to change
- *No official app on App Store/Google Play but
Our Review
4.0/5
We ranked EasyCrypto as the most secure crypto platform in Australia
🏆 Ranking Most Secure |
💰 Fees Average |
📲 # of Features Below Average |
🇦🇺Deposit & Withdrawals Average |
👍 Ease Of Use Above Average |
🔒 Security Above Average |
The Bottom Line
Easy Crypto is best for investors who value security, transparency, and want a beginner-friendly platform with 150+ coins. We ranked it as the most secure because they do not have access to your funds. All crypto orders are sent directly to your private wallet.
Our review is based on testing the 15+ best crypto exchanges in Australia.
Where It Shines:
Where It Falls Short:
About Easy Crypto
Easy Crypto is a New Zealand based company founded in 2017. Their platform is available in Australia as well as several other countries. So far they have over 100,000 customers and they claim to be, "Australia's fastest and safest crypto retailer" where you can trade 150+ digital currencies. According to their about page they have 20+ employees.
Unlike most crypto exchanges, Easy Crypto does not store or have access to your crypto. When making a purchase, the crypto is sent directly to the wallet address you provide.
Some Stats:
- Over 100,000 customers
- Available in Australia, New Zealand, Brazil, South Africa
- They do not have access to your crypto
Is Easy Crypto In Australia?
Easy Crypto is based in New Zealand but it’s open for Australian customers. It’s AUSTRAC licensed and accepts deposits with POLi, OSKO, and more so you can buy and sell with AUD.
Screenshots
Opening An Account
Anyone can open an account on Easy Crypto with an email address but to use most features you'll have to verify your identity. The entire process is straightforward and takes less than 10 minutes. Most users will be instantly verified and ready to buy and sell in under 10 minutes.
By law, they are required to verify identity which is why you must provide personal information.
Application Time | Under 10 minutes |
KYC Verification | Yes |
Instant Verification | Yes |
Manual Verification | 0-2 business days |
Who Is Eligible? |
|
Sign Up Requirements |
|
Verification Levels and Limits
Level | Verification Type | Account Limits |
Level 1 | ID Verified | $25,000 across all orders |
Level 2 | Source Of Funds Verified | $25,000+ |
Security
Can You Trust Easy Crypto?
We ranked Easy Crypto as the most secure platform for Australians. They're a non-custodial exchange meaning they do not hold or have access to your crypto. They also have a good track record since being founded in 2017.
Company Security Features
- Regulated in Australia and several other countries
- Non Custodial Exchange - They deliver crypto directly to your wallet. They do not hold or have access to your crypto like most platforms
- 100% funds safety guarantee - company guarantee that if their supplier loses your funds they will still honour your trade
- Vulnerability program - If you're a white hat or researcher, Easy Crypto will pay you to find security bugs
User Security Features
- Crypto purchases are sent directly to your wallet
- 2-Factor Authentication via app (Google Authenticator, Authy, etc)
- Address Book - save crypto wallet addresses you frequently use
Other Security Notes
- Good reputation since being founded in 2017
- Overall, they have great reviews online and on TrustPilot
Deposits & Withdrawals
When making a purchase the crypto will be sent to a private wallet so you need to have an address ready. To cash out on Easy Crypto, you can create a sell order and cash out directly to your bank account. Easy Crypto provides a tutorial here.
AUD Deposits
Type | Fee | Time | Minimum |
|---|---|---|---|
PayID | ❌ | ❌ | ❌ |
POLi | Free | Instant | $100 |
Direct Bank Transfer | Free | 1-3 working days (instant with OSKO) | $100 |
Credit/Debit | ❌ | ❌ | ❌ |
AUD Withdrawals
Type | Fee | Time | Limits |
|---|---|---|---|
PayID | ❌ | ❌ | ❌ |
POLi | Free | Instant | - |
Direct Bank Transfer | Free | 1-3 working days (instant with OSKO) | - |
Crypto Withdrawals
Coin | Fee | Minimum Withdrawal |
|---|---|---|
Bitcoin | Dynamic (network fees) | - |
Ethereum | Dynamic (network fees) | - |
Fees & Spread
Fee Type | Amount |
|---|---|
Trading Fees | 1.00% (0.85% + 0.15% FX costs) |
AUD Deposits | Free |
AUD Withdrawals | Free |
Other Fees | Can be viewed here |
Price Test (Dec 17, 2021 at 1:17pm)
This data is subject to change as spreads and prices change daily. However, we tested 11 platforms simultaneously to help you compare true fees on each platform.
Header | Amount | Ranking |
|---|---|---|
$100 Buy After All Fees | $98.55 (1.45% total fee) | 6/11 |
$100 Sale After All Fees | $99.05 (0.95% total fee) | 6/11 |
BTC Spread | 2.42% | 11/11 |
BTC Buy Price | $66,788 AUD | 8/11 |
BTC Sell Price | $65,211 AUD | 11/11 |
Ref. Price Difference | Buy: +1.45% Sell: -0.95% | Cell |
Reference Price (Google) | $65,837 | Cell |
The "$100 After All Fees" adds everything from when you deposit money to make your order plus the reference price difference.
The price test was conducted by logging into all platforms simultaneously and collecting buy/sell orders. We did this as quickly as possible (within minutes) in order to be as accurate as possible since prices can change rapidly. Find out more about our testing process.
Overall, Easy Crypto is right in the middle when it comes to pricing. It's not expensive but it's not the cheapest platform either. Based on our test, Easy Crypto had a 1.45% total purchase fee for buying Bitcoin when you add all fees. This was 6th place out of 11 platforms tested at the same time.
For selling Bitcoin, there was only a 0.95% total fee when tested and this also ranked 6th overall. You can compare all Australian crypto exchanges here.
Binance AU had the lowest all-around fees with a 0.15% total purchase fee. Kraken also had low fees with a 0.43% total purchase fee,
Platform & Features
Easy Crypto is a user-friendly platform that lets beginners easily buy and sell cryptocurrency. Their website says they are "the best place for Aussies to buy and sell crypto" so let's look at the platform and what they offer:
List of Features:
- Instant Buy & Sell
- Multi-Coin Orders
- Crypto Swaps
- Auto-Buy Orders
- Portfolio Tracker
- Educational Resources
- Live Platform Stats
- Customer Support
- Institutional
- OTC Desk
- Referral Program
1. Trading Interface
Easy Crypto provides a simple trading interface with basic charts and pricing data. The platform is built for beginners and ease of use so you will not find technical charting tools, limit orders or other advanced features. However, you will find multiple ways to purchase crypto which include instant buy & sells, crypto swaps, multi-coin orders and auto-buy orders which are covered below.
2. Instant Buy & Sell
The quick buy/sell is the fastest way for you to trade 140+ cryptocurrencies in three simple steps:
- Select what to trade and enter the amount
- Enter your wallet address (wherever you want to send your crypto)
- Select your payment method
3. Multi-Coin Orders
Save time by purchasing multiple cryptocurrencies at once.
4. Crypto Swaps
Easily convert cryptocurrencies without having to touch fiat currency. Keep in mind, the maximum amount you can swap is $10,000.
5. Auto-Buy Orders
Set up recurring or automatic purchases so you can dollar cost average your way into the market. For your convenience, you can purchase multiple coins at once and customize the schedule, ratios and amount.
6. Portfolio Tracker
The Portfolio Tracker automatically imports your Easy Crypto trades so you can view your investment performance over time. If you use other platforms you can also upload trades manually or with a csv file to track your entire portfolio. The data you can see includes your total return, portfolio allocation, average cost basis and more.
7. Educational Resources
Anyone can visit Learn Crypto to get free information and guides on cryptocurrencies, blockchain, wallets, security, taxes and more.
8. Live Platform Stats
View Easy Crypto's platform data in real time. This is helpful to see if email support is overwhelmed, if the order processing time is slowed down, what coins are being purchases most and so on.
9. OTC Desk and Institutional Services
If you'd like to trade on behalf of your company or are an individual trading above $10,000, Easy Crypto has services for you. They support institutions, trusts, self managed super funds, and can work 1 on 1 with high value traders. There is also negotiable fees with the more money you invest.
10. Referral Program
The Easy Crypto referral program pays you to invite friends and get new users. For each customer that signs up with your link, you will earn 10% of their fees for 12 months. You can find your unique affiliate link in the "My Account" page.
Customer Support
You can reach out to Easy Crypto via email or open a chat on their website. The support team is available 8am to 8pm, Monday to Friday and they claim the average response time is a few hours. If the crypto market is very busy this will be slower but you can check in real-time their support status. They also offer a knowledge centre with helpful articles, FAQs and walkthrough videos.
Easy Crypto Compared
We are tracking the 15+ most popular Australian crypto exchanges. Compare the entire industry below:
Coins | Total Purchase Fee | Trading Fees | $AUD Deposits | Beginner Friendly | Advanced Features | Website | |
|---|---|---|---|---|---|---|---|
600+ | 0.15% | 0.10% | Yes | No | Yes | ||
18 | 1.24% | 0.85% | Yes | No | Yes | ||
110+ | 4.50% | 2.90%* | No | Yes | No | ||
50+ | 1.09% | 0% - 2.00% | Yes | Yes | Yes | ||
30+ | 0.14% + $50 | 0.10% | Yes | Yes | Yes | ||
370+ | 1.89% | 0.10% - 1% | Yes | Yes | Yes | ||
280+ | 2.36% | 0.05% - 0.9% | Yes | Yes | No | ||
150+ | 1.30% | 0.00% | Yes | Yes | Yes | ||
270+ | 1.04% | 0.50% | Yes | Yes | Yes | ||
150+ | 1.45% | 1.00% | Yes | Yes | No | ||
30 | - | 0% | Yes | Yes | Yes | ||
27+ | 1.68% | 0.50% | Yes | Yes | Yes | ||
50+ | 0.43% | 0.16% / 0.26% | Yes | Yes | Yes | ||
700+ | 2.23% | 0.10% | Yes | No | Yes | ||
270+ | 0.41% | 0.08% - 0.1% | No | No | Yes | ||
320+ | 0.95% | 0.60% | Yes | Yes | Yes |
Here are the best crypto exchanges for Australians right now. We assessed 16 platforms across 60 variables and 950+ data points.
FAQ
Easy Crypto claims to have a "100% funds safety guarantee" for Australia, but the information is very vague. It's also important to note that they do not hold customers funds like exchanges. You receive crypto directly into your private wallet.
Easy Crypto is a retailer or broker, not an exchange. They do not hold onto funds so you must have your own private wallet in order to use the platform.
Yes. Easy Crypto is compliant with Australian laws and regulations. They are a registered Digital Currency Exchange (DCE) with AUSTRAC.
