Is Easy Crypto a Good Crypto Exchange for Beginners?
It is important for novice cryptocurrency traders to choose the right crypto exchange. Not all companies can be used when you are just starting your path in trading, which is why the success in cryptocurrency trading depends on making the right choice. Beginners often wonder whether Easy Crypto is a good crypto exchange to start trading with. In this article you will learn whether Easy Crypto is good for beginners, what its pros and cons are and what a novice trader needs to know.
Short summary about the broker Easy Crypto
The Easy Crypto currency exchange is a multifunctional platform for buying and selling cryptocurrencies, coins, and fiats. Bitcoin (₿), Ethereum (Ξ), Tether (₮), Cardano, XRP, TRON, and dozens of other cryptocurrencies and tokens are available for trading on the exchange, and AUD, ZAR, and NZD are available from fiat currencies. There is a quick exchange service, auto-repeat function, and other features. Trading is done through the exchange's own terminal in the browser. Commissions are fixed and are lower than the market average at 0.9% at the start. If you increase the volume of trades you can get a discount on the trading commissions of 5-20%. The site doesn't charge any commission for the deposit and withdrawal of funds because the service is free of charge. There is a standard referral program, but no other investment solutions are presented. For beginners, the exchange offers a demo mode to master the functionalities, as well as educational guides and updated articles and books. Originally the platform was oriented on Australia and New Zealand, but now traders from all over the world trade on it.
| 💰 Account currency: | Cryptos, fiat currencies |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos, AUD, ZAR, NZD |
| 💹 Margin Call / Stop Out: | No |
Easy Crypto Pros and Cons
👍 Advantages of trading with Easy Crypto:
•there are many cryptocurrencies and coins, plus three fiat currencies;
•a simple and clear trading terminal;
•the client receives a free-of-charge multicurrency wallet;
•cryptocurrency fund for retirement savings;
•demo mode for novice traders;
•trading commissions are lower than the market average;
•no exchange fees for deposit and withdrawal of cryptocurrencies, coins, fiat currencies;
•perpetual referral program with payouts of 10%;
•ground-breaking level of protection of funds and data.
👎 Disadvantages of Easy Crypto:
•no investment solutions;
•connection with technical support only through tickets.
What is a Good Crypto Exchange for Beginners?
In order to choose the right broker for a beginner, you need to consider several aspects.
Here are the main ones:
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Education. It is important for novice crypto traders to learn how to trade. An exchange can offer educational courses, video tutorials, articles, webinars, etc. The more learning opportunities there are the better.
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Availability of a demo account. You will need this account to practice. It provides an opportunity for a beginner to trade risk free and try out trading strategies.
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Availability of a simple method to buy cryptocurrencies. An exchange service or a P2P exchange would be an advantage for an exchange.
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Low fees. The level of income of the trader depends on the level of the fees. Therefore, it is important to choose a company that charges minimum fees. Crypto exchanges mostly use the Maker and Taker fee model. It is important that you study them.
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Instruments for passive investing. In addition to active trading, passive income is also important for beginners. Pay attention to availability of copy trading or staking.
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Trading platform. It is important for a novice trader to choose the simplest trading platform that will be easy-to-use for trading.
In addition to these factors, you also need to consider how customer support operates, as it will also be important. Bonuses for beginners are also a nice perk.
Trading Conditions for Easy Crypto Users
Before you start working with an exchange, it is important that you evaluate its trading conditions. Easy Crypto offers traders the following conditions.
| 💻 Trading platform: | Proprietary platform |
| 📊 Accounts: | Standard, demo |
| 💰 Account currency: | Cryptos, fiat currencies |
| 💵 Replenishment / Withdrawal: | Bank cards and accounts, electronic and crypto wallets |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptos, AUD, ZAR, NZD |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | No data |
| ⭐ Trading features: | In addition to all the most popular cryptocurrencies and coins, three fiat currencies are available for trading. Also, there is a quick exchange service and service of auto-repeat trades, low commissions with the possibility of their additional reduction by increasing trading volumes, and a referral program with payouts of 10% of referrals commissions, no investment is presented |
| 🎁 Contests and bonuses: | Yes, Traders Union |
Commissions and Fees
The size of commissions and fees is also an important factor of choice. Traders Union analysts have prepared a short review of Easy Crypto commissions and fees. In this section, you will find trading fees of the exchange as well as withdrawal fees.
The crypto exchange charges a commission for all trading operations. The standard fee is 0.9% of the transaction amount. The amount of commission is not affected by what assets are used, the direction of the exchange, the amount of a particular transaction, or other factors.
The commission can be reduced in two ways only — using the rebates from the Traders Union and increasing your total trading volume on the platform. Depending on the trading volume an exchange client receives the following discount on commission fees:
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Up to 1,000 USD — 0%;
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1,000 - 10,000 USD — 5%;
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10,000 - 100,000 US dollars — 10%;
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more than 100,000 USD — 20%.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | Up to 0.9% per order | No |
Investment programs of Easy Crypto
It is important for novice traders not only to trade actively, but also earn passive income. Passive investing can help you earn extra profit, and also compensate for the losses you may incur as a result of active trading. Easy Crypto offers the following passive income options.
Investment Programs, Available Markets, and Products of the Crypto Exchange
Easy Crypto does not provide investment solutions. From the possibilities of passive income on the site, there is only a referral program. The main sources of income for clients of the company receive are through the purchase and sale of cryptocurrencies, tokens, and fiats. The introduction of staking and other investment programs is not planned.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of thedeal and all the steps from signing up to withdrawal of profits.
Easy Crypto’s affiliate program
The Easy Crypto exchange has a standard affiliate program. It is available to all verified users. You do not have to actively trade to take advantage of this opportunity.
There is an affiliate link and QR-code in the personal account of the exchange client. The user can place them on external resources at their own discretion, and there are no restrictions. Every trader who follows the referral link or uses the code to register at the exchange and verifies personal data during the verification process will become a referral (partner) of the referral link owner.
The referral brings the owner of the link 10% of its trading commission income. For example, if a user sells BTC for AUD and his transaction amount is $1,000, he will pay a 0.9% fee, i.e., $9. And the owner of the link through which this user registered will receive $0.9 for this transaction.
The program is unlimited and the user keeps his referral status all the time he is trading on the site. Exchange clients can have an unlimited number of referrals. Income from the referral program is displayed in the member’s personal account and can be automatically applied to pay for trades or be withdrawn.
Conclusion. Is Easy Crypto good for beginners?
The Easy Crypto cryptocurrency exchange will be an excellent choice for beginners. The exchange offers a convenient trading platform, which a beginner can learn to work with rather quickly. There is an excellent education center with a large number of materials for novice traders. Also, traders can earn passive income on good conditions. Therefore, Easy Crypto could be considered as a good cryptocurrency exchange for a start.
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FAQ
What do I need to know about the fees charged by cryptocurrency exchanges?
The majority of cryptocurrency exchanges use the Maker/Taker fee model. As a rule, they use a multi-level system for traders that depends on the trading volume. The higher the trader’s trading volume, the lower the fees.
How do I choose a reliable cryptocurrency exchange?
Crypto exchanges mostly operate without licenses, as the majority of countries haven’t adopted legislation to regulate them. In order to choose a reliable exchange, you need to find out about its reputation and read the reviews about user experiences with it.
How many cryptocurrencies could a crypto exchange offer?
The number of cryptocurrencies on the listing of a cryptocurrency exchange may be very different. Some platforms offer less than 10, while others – several hundreds. It is important that you check the choice of cryptocurrency before registering on the exchange.
What are the risks of investing in cryptocurrencies?
Investing in cryptocurrencies carry high risks due to their high volatility. It could cause substantial losses, which is why it is important to observe the rules of risk management.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.