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Easy Crypto Review Australia

Last Updated: Aug 13, 2022  |  Published: Aug 31, 2021


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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

πŸ“² Features

Header

πŸ” 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

πŸ’° 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 

Easy Crypto

4.0/5

We ranked EasyCrypto as the most secure crypto platform in Australia

πŸ† Ranking

Most Secure

πŸ’° Fees

Average

πŸ“² # of Features

Below Average

πŸ‡¦πŸ‡ΊDeposit & Withdrawals

Average

πŸ‘ Ease Of Use

Above Average

πŸ”’ 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:

  • Most Secure Platform: Unlike most platforms, Easy Crypto is non-custodial. All crypto purchases are sent directly to your private wallet and they do not hold or have access to your crypto
  • Transparent Pricing: They do a great job showing you exactly how much the fees are and how the fees are split up 
  • Easy to Use: Simple and beginner-friendly navigation with multiple ways to place orders like instant buy/sell, multi-coin orders and auto-buy

Where It Falls Short:

  • Cheaper Platforms Available: Easy Crypto is not the most expensive, but they had a 1.45% total purchase fee for BTC which ranked 6th place out of 11 platforms. Binance AU had a 0.15% total purchase fee (lowest overall)
  • Less Features: Not the place to find staking, limit orders, advanced trading, or a wide variety of features
  • No Official Mobile App: No App Store or Google Play app but there is an option to save a shortcut to your phone screen
EasyCrypto Exchange

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?

  • People above the age of 18
  • People based in Australia (citizens, permanent residents or work, investment, study, tourism)

Sign Up Requirements 

  • Email, legal name, date of birth, address
  • Phone number
  • Answer source of funds and purpose of opening account
  • Australian Driver's License or Passport
  • Selfie verification

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

How We Tested This

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. 

Easy Crypto Trading Interface

2. Instant Buy & Sell

The quick buy/sell is the fastest way for you to trade 140+ cryptocurrencies in three simple steps:

  1. Select what to trade and enter the amount 
  2. Enter your wallet address (wherever you want to send your crypto)
  3. Select your payment method
Quick Buy and Sell Feature

3. Multi-Coin Orders

Save time by purchasing multiple cryptocurrencies at once.

Multi-Coin Orders Feature

4. Crypto Swaps

Easily convert cryptocurrencies without having to touch fiat currency. Keep in mind, the maximum amount you can swap is $10,000.

Crypto Swaps Feature

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.

AutoBuy Feature

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.

Easy Crypto Portfolio Tracker

7. Educational Resources

Anyone can visit Learn Crypto to get free information and guides on cryptocurrencies, blockchain, wallets, security, taxes and more.

Easy Cryptos Learning Resources

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.

Easy Crypto Live Platform Stats

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.

OTC and Institutional Services

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.

Referral Program Feature

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 Customer Support

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

Best Alternatives

Here are the best crypto exchanges for Australians right now. We assessed 16 platforms across 60 variables and 950+ data points.  

Swyftx
  • Best overall in Australia
  • Best for majority of investors and beginner-friendly
  • 320+ coins, staking, bundles, lots of features
  • 0.60% trading fees and cheaper options out there
  • Limited advanced tools
Binance
  • Lowest fees overall and lots of features
  • 600+ coins
  • Advanced trading
  • Less beginner-friendly
  • Some features like Futures and Options are restricted in Australia 
Digital Surge
  • Our top pick for beginners
  • Best user-interface
  • Fair spreads and fees
  • Less features versus other platforms
  • Limited advanced trading tools
Crypto.com
  • Earn rewards on 40+ coins
  • Crypto visa cards
  • Very expensive for buying & selling coins (high spreads)
  • App can be confusing
  • Slow deposit & withdrawals (1-4 days)
  • 500+ coins, margin, futures, rewards & more
  • Trade anonymously with no KYC (all you need is an email)
  • 0.10% trading fees and low spreads
  • Not beginner friendly
  • Not licensed or regulated
  • Limited AUD support

Compare Australia's Top Cryptocurrency Exchanges

FAQ

Is Easy Crypto Insured?

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. 

Is Easy Crypto A 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.

Is Easy Crypto Legal In Australia?

Yes. Easy Crypto is compliant with Australian laws and regulations. They are a registered Digital Currency Exchange (DCE) with AUSTRAC.

EasyCrypto Exchange

Easy Crypto

Get verified in minutes and trade 150+ cryptocurrencies

Best Crypto Exchanges Australia 2022

Swyftx

1. Swytfx

2. Binance

Digital Surge

3. Digital Surge