Easy Crypto Australia Review 2021

Easy Crypto Australia Review 2021

Daniel Chan

August 10, 2021

Cryptocurrency

What is Easy Crypto Australia?

Easy Crypto Australia is a cryptocurrency exchange for Aussies that makes it easy for everyone to get involved in the crypto market. Easy Crypto Australia allows you to buy crypto in the fastest, easiest and safest way, without holding any of your funds (AUD or crypto). It ensures you remain in full control of your assets at all times, with 100% funds safety guarantee on all orders.

  • Web Address: www.easycrypto.com/au
  • Main location: Australia
  • Mobile app available: No
  • Deposit Methods: Bank transfer, POLi, OSKO, Account2Account
  • Trading Fees:  0.5% - 1.6%
  • Deposit Fees:  FREE
  • Fiat Currencies: AUD
  • Cryptocurrencies: BTC, BTG, BCH, ADA, ETH, LTC, NEO, XRP & 130+ more

My Overall Thoughts on Easy Crypto Australia

Easy Crypto Australia is a simple-to-use exchange that is unique in how it operates. On other cryptocurrency platforms, you deposit money into the exchange, and then buy coins, which stay online on that exchange. If you want to transfer it to your personal wallet for safekeeping, you need to pay additional mining fees. With Easy Crypto Australia, you don't need to deposit any money into the exchange. Instead, when you buy your crypto, you pay for it directly from your bank account, and the crypto is sent straight to your external wallet for your safekeeping. 

There is no risk of you losing your funds due to hacking of exchanges, because your fiat and cryptocurrency assets are always in your hands, and not stored on an exchange. Easy Crypto Australia also offers 100% funds safety guarantee on all orders. 

I find Easy Crypto Australia's usability is among the best. It has a modern and minimalistic interface, it is easy to buy and sell coins, and they are upfront with their fees on each transaction. 


Key Features & Advantages of Easy Crypto Australia

Here are the best features offered by Easy Crypto Australia that set it apart from others:

What Services does Easy Crypto offer?

Easy Crypto Australia has unique features that are not found on other Australian crypto exchanges. I have provided a summary of the top services found on this exchange.

Fastest way to buy and sell crypto:  This is the standout feature of Easy Crypto Australia. It is possible to buy coins and have them sent straight to your private wallet (whether it is a hot wallet, in an app, or hardware cold storage wallet) within minutes.

Non-custodial exchange:  Easy Crypto Australia is a non-custodial exchange. What this means, is that none of your funds (neither your fiat currency in AUD or your crypto coins) are held on the Easy Crypto platform. Your purchases of coins are sent directly to your personal wallet, and any sales of crypto you make come out directly from your wallet as well. You also don't need to deposit money into your Easy Crypto account online before you can buy coins. Simply pick the coin you want to buy, and on the purchase page, you send your funds directly from your bank account.

Buy crypto instantly with AUD; no need to deposit first:  Easy Crypto Australia is perfect for Aussies, because you can buy with Australian Dollars, straight from your bank account. You don't need to worry about converting your AUD to USD before making a purchase, it is all very straightforward.

To make it even easier, there is no need to deposit fiat funds into your Easy Crypto account before selecting which coins to buy. All you need to do is search for the coin you want to purchase, and click Buy Now. Then you purchase the coin directly from your bank account.

140 different coins supported:  Easy Crypto Australia supports all of the main cryptos including BTC, BCH, ADA, ETH, LTC, and NEO just to name a few, but it also has a large selection of other digital currencies to buy and sell. There are 140 coins available on the exchange, which you can buy, sell, or even swap for other coins.

No hidden fees, no withdrawal or deposit fees:  Easy Crypto Australia is very transparent with its fees. When you click to purchase crypto, it summarises the fees that you will pay which you can see by hovering your mouse over the purple 'Rate info' text. It also includes the network fee to send the crypto to your personal wallet. Lots of other exchanges will have separate network fees to send your crypto to your external wallet once you have made your purchase. It also displays the Effective rate of the coin you purchased, after taking into account any fees involved.

100% funds safety guarantee on all orders:  Easy Crypto Australia ensures that you can buy, sell and trade with peace of mind by offering a 100% funds safety guarantee. This means that the second that the exchange receives your funds, until they send out your order, you can have full confidence that you're not at risk of losing your funds.

This guarantee covers not only Easy Crypto Australia, but also their suppliers. For example, if they send your funds to an exchange, and that exchange gets hacked, Easy Crypto Australia will still honour your trade.

Please note that this is not a price guarantee - as per their order form, prices are only locked in once payment is received. Depending on how long it takes for your payment to arrive, the price may differ from the original quote.

Easy Crypto Australia Fees

Easy Crypto Australia is transparent with its fees. There are no hidden fees, no withdrawal feels, no deposit fees, inclusive network fees, and no charges for payment processing.

Easy Crypto Australia Deposit Fees

There are no deposit fees on this exchange.

Easy Crypto Australia Withdrawal Fees

There are no withdrawal fees charged on this exchange

Easy Crypto Australia Trading Fees

Depending on the crypto type, size of order and network fee conditions, the fee ranges from an all inclusive 0.5% to 1.6%.

When you go to buy or sell crypto, Easy Crypto Australia summarises any fees that will be charged. You can view this by hovering your mouse over the purple 'Rate info' text. This also shows the network fee to send the crypto to your personal wallet. Many crypto exchanges have separate network fees to send crypto from their online wallet to your personal wallet. The Effective rate of the coin is also shown, which takes into account all the fees incurred.

Pros and Cons of Easy Crypto Australia 

Pros
  • 100% funds safety guarantee
  • Buy crypto instantly without depositing first
  • Non-custodial exchange - you're in possession of all your funds
  • 140 cryptocurrencies supported
  • Transparent fees, no hidden costs
Cons
  • Need to have an existing wallet; may be confusing for new users
  • Fees are sometimes higher than other exchanges
  • No Live Chat customer support - only email

Is Easy Crypto Australia Legitimate and Safe?

Yes, Easy Crypto Australia is a legitimate crypto exchange. It is registered with AUSTRAC (Australian Transaction Reports and Analysis Centre) and complies with KYC/AML processes to prevent money laundering and financing of terrorism.  

The security and reliability of this exchange are one of its best features. Since Easy Crypto Australia does not hold any of your funds, there is no risk that you will lose your digital currency due to the exchange being hacked. Also, the exchange offers 100% funds safety guarantee on all orders. 

Verdict

Easy Crypto Australia is a great exchange for Aussies that are looking to start their journey with crypto in a simple and safe way. It has a fresh interface that is easy for newcomers to navigate, without all the clutter and advanced tools that some other exchanges have. The ability to purchase crypto without having to deposit first is a great feature, and allows you to stay in control of your funds at all times.

The downsides are that there is no mobile app and no Live Chat support, which are two features that I value in a crypto exchange. Also, if you are completely new to the crypto world, and you don't have an existing crypto wallet, you may find it confusing.

If you want to read about the best exchanges for Aussies, have a look at this comprehensive review. If you are looking for Easy Crypto alternatives the check our table below.

If you are looking for an Australian crypto exchange that has mobile app support for iOS and Android, take a look at my breakdown of best Aussie crypto apps.

Comparison Table of the Best Crypto Exchanges in Australia

Swyftx
Independent Reserve
Digital Surge
CoinSpot
Binance
Crypto Exchange
Crypto Exchange
Swyftx
Independent Reserve
Digital Surge
CoinSpot
Binance
Fiat Currencies
Fiat Currencies
AUD
AUD, USD, NZD, SGD
AUD
AUD
AUD, USD, GBP, EUR, CAD, HKD, JPY & 35 more
Cryptocurrencies
Cryptocurrencies
BTC, BTG, BCH, ADA, ETH, ETC & 270+ more
BTC, ETH, XRP, BCH, ADA, DOT, USDT & 15+ more
BTC, ETH, BNB, ADA, XRP & 250+ more
BTC, ETH, LTC, XRP, BCH, ADA & 280+ more
BTC, ETH, LTC, BNB, ADA, XRP & 300+ more
Deposit Methods
Deposit Methods
POLi, PayID, OSKO, Bank transfer, Credit card
PayID, OSKO, SWIFT, EFT, Cryptocurrency
PayID, POLi, OSKO, Cryptocurrency
Bank transfer, BPAY, Cash, POLi, PayID, Cryptocurrency
PayID, OSKO, Cryptocurrency
Trading Fees
Trading Fees
0.6%
Starts from 0.5%
Market order: starts from 0.5%, Instant buy: 0.5%
Market order: 0.1%, Instant buy: 1%
0.1%

Related Reading: Coinjar review

Marketplacefairness.org provides all its content for informational purposes only, and this should not be taken as financial advice to buy, trade or sell cryptocurrency or use any specific exchange. Please do not use this website as investment advice, financial advice or legal advice, and each individual's needs may vary from that of the author. This post includes affiliate links with our partners who may compensate us. 

To view our privacy policy read this breakdown.


Tags


You may also like

Coinmama Review 2021

Coinmama Review 2021

Gemini vs Coinbase

Gemini vs Coinbase
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
>