We’ve reduced the minimum order to $50 in New Zealand

Kia ora! 

It’s a wonderful time for our Kiwi customers because we’ve reduced our minimum order down to $50. In doing so, we believe we could help more Kiwis get early access to crypto, an innovative tech for a new era of decentralised finance!

If you’re already a customer of Easy Crypto, and wonder exactly how this change will affect you, read on to learn more.

Diversify with more coins

You can now order more variants of cryptocurrencies with the same dollar amount. As we’ve highlighted in our case study, diversification is considered to be one of the best practices of investing. In other words, Don’t put all your eggs in one basket!

Read more: Diversifying Your Crypto Portfolio: A Case Study

Sample new coins

Are you interested in a particular coin and would like to “experiment” with it? With the new minimum order policy, you can sample different cryptocurrencies worth $50 each! Lower your risk with a smaller minimum order.

Try it now: Get your crypto with $50 cash

A small update on payment processing fees

To make it easy for Kiwis to buy and sell crypto through us, we’ve been using some of the most common instant payment processors, namely POLi and Account-to-Account (A2A). When you use these services, they’ll incur a small fee for orders less than $500. The fees are following:

• Account to Account (A2A) orders will be charged a 50c in payment fee.
• POLi orders will be charged a 1% fee (to a max of $3) in payment fee.

For orders $500 and above, all payment processor fees will be waived. However, the network fee (i.e. the blockchain transaction fee) will still apply. 

For example, if you buy $300 worth of Ether (ETH), and let’s say the current network fee is $1.00, you’d receive $299 worth of Ether (ETH). However, the amount to pay would be $300 plus the fee mentioned above. So, if you’re using POLi on a $300 order, the amount to pay is $303. 

Auto-Buy can eliminate payment processing fees!

Auto-Buy is a neat feature that allows Easy Crypto customers to make recurring orders. Many customers use Auto-Buy to invest in crypto using an easy but effective investing strategy called Dollar-Cost Averaging.

Another benefit to using Auto-Buy? Zero payment fees, as you would be using scheduled “manual” bank transfers on a recurring basis.  

Click here to learn how to set up an Auto-Buy order today!

Exceptions to the new minimum order policy

Here at Easy Crypto, we have a 20% Network Fee Rule. This means, if you buy crypto, and the network fee (i.e. the blockchain transaction fee) is equal to or more than 20% of your total order amount, we would actually bump up the minimum order size.

This is to protect customers from unforeseen changes in the market, where it would be possible for their crypto to be eaten up by a disproportionate amount in network fees. 

For example, let’s pretend that Ethereum’s transaction fees are at its highest again, at around $15 per transaction. If you order $50 worth of Ether (ETH), the $15 network fee accounts for 30% of your order. We can’t execute that, unless you increase your total order to $75 or more.

Still have questions?

Feel free to drop a message through our inquiry form. Happy trading!