
- Easy Crypto is a well-established New Zealand based crypto platform, which offers users the ability to buy and sell cryptocurrencies.
- The platform offers over 100 coins, ranging from household names such as Bitcoin, Etherum, Litecoin and other alternative coins (altcoins).
- Easy Crypto is one of the most beginner-friendly platforms for buying and selling cryptocurrencies.
- Easy Crypto is also one of the safest platforms to buy cryptocurrencies as Easy Crypto does not store your funds or private keys on their platform.
- There are no account fees with Easy Crypto, and the minimum purchase order is $40 NZD.
Pros
- One of the most beginner-friendly platform, from the sign-up process to the purchasing process. Easy Crypto allows you to make crypto purchases quickly and easily using their instant buy & sell function.
- Fees are included in the price, so what you see is what you get.
- Cryptocurrencies get sent directly into your wallet, and therefore it is one of the safest methods of purchasing cryptocurrencies.
- Their tracker page allows you to track your overall purchases and shows you useful statistics such as your % returns, total purchases etc.
- Free instant payment method supported by Account2Account allows you to buy crypto quickly.
- Easy Crypto offers an auto-invest function, which supports a ‘dollar cost averaging’ strategy. This is particularly useful if you are planning to invest a set amount into cryptocurrencies over time.
- You can buy fractions of a cryptocurrency, with a minimum purchase order of $40 NZD, making it accessible for anyone to buy high dollar value cryptocurrencies such as bitcoin.
Cons:
- Due to Easy Crypto angling itself towards beginners, there is limited functionality compared to other exchanges. For example, there are no trading tools for users who are looking to perform technical analysis.
- Easy Crypto does not offer a limit buy or stop loss function. Therefore, this might not suit anyone looking to execute trades when a certain crypto reaches a certain price.
- Because all fees (such as Forex and network charges) are already included in the buy and sell price, Easy Crypto is not suitable for people looking to trade frequently. A better option for active traders would be an exchange where funds are stored on the platform which avoids the need to pay forex and network fees each time you buy and sell.