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.
Pro Trading Terminal
Uses Cold Storage?
Any Hacks or Incidents?
View Login History
Crypto Withdrawals Allowed
🏦 Deposits & Withdrawals
$100 Buy After All Fees
$100 Sell After All Fees
Best Deposit Fee
Best Withdrawal Fee
BTC Spread (Dec 17, 21)
BTC Withdrawal Fee
ETH Withdrawal Fee
Buy With AUD?
Direct Bank Transfer
Other Fiat Currencies
Total fees and spread was tested Dec 17, 2021 and is subject to change
*No official app on App Store/Google Play but
We ranked EasyCrypto as the most secure crypto platform in Australia
📲 # of Features
🇦🇺Deposit & Withdrawals
👍 Ease Of Use
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.
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
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.
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.
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.
Under 10 minutes
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
Answer source of funds and purpose of opening account
Australian Driver's License or Passport
Verification Levels and Limits
$25,000 across all orders
Source Of Funds Verified
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
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.
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.
$100 Buy After All Fees
$98.55 (1.45% total fee)
$100 Sale After All Fees
$99.05 (0.95% total fee)
BTC Buy Price
BTC Sell Price
Ref. Price Difference
Reference Price (Google)
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
Live Platform Stats
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.
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 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.
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