How to Buy Crypto on EasyEquities: Step-by-Step Guide for Beginners

EasyEquities has revolutionized investing by making fractional shares accessible to everyone. Now, they’ve expanded into the cryptocurrency market, allowing you to buy Bitcoin, Ethereum, and other digital assets with minimal barriers. This comprehensive guide walks you through exactly how to buy crypto on EasyEquities – from account setup to executing your first trade – while highlighting unique platform benefits and key considerations.

What is EasyEquities?

EasyEquities is a South African-based investment platform specializing in fractional share trading. Unlike traditional brokers, it lets you buy portions of stocks, ETFs, and now cryptocurrencies for as little as R5. Their crypto offering operates through a partnership with licensed exchange AltCoinTrader, combining EasyEquities’ user-friendly interface with secure crypto transactions.

Why Buy Crypto Through EasyEquities?

• Fractional Investing: Purchase tiny fractions of high-value coins like Bitcoin without needing thousands upfront.
• Regulated Security: Operates under FSCA oversight with segregated client funds.
• Single Platform Access: Manage crypto alongside stocks/ETFs in one dashboard.
• Low Minimums: Start investing with just R5 (ZAR) or equivalent in other currencies.
• Beginner-Friendly: Simplified interface with educational resources.

Step-by-Step Guide to Buying Crypto on EasyEquities

1. Create an Account: Visit EasyEquities website, click ‘Sign Up’, and complete verification with ID/personal details.
2. Fund Your Account: Deposit ZAR via EFT, debit card, or instant deposit methods. Allow 1-3 days for EFT clearance.
3. Navigate to Crypto Section: From your dashboard, select ‘Crypto’ from the product menu.
4. Choose Your Cryptocurrency: Browse available coins (BTC, ETH, XRP, LTC, etc.) and click ‘Trade’.
5. Place Your Order:
   • Enter ZAR amount or desired coin quantity
   • Review fees (0.5%-1.5% per trade)
   • Click ‘Buy’ to execute
6. Monitor Your Holdings: Track portfolio performance under ‘My Investments’.

Tips for Smart Crypto Buying on EasyEquities

• Use limit orders during volatility to control entry prices
• Enable two-factor authentication for account security
• Start small with disposable income to learn the platform
• Diversify across multiple cryptocurrencies
• Set price alerts for significant market movements

Important Risks and Limitations

While EasyEquities simplifies crypto access, understand these key points:

• No External Wallets: You cannot transfer crypto out of EasyEquities – coins are held in their custodial wallet.
• Fees: Trading fees (0.5%-1.5%) apply + currency conversion costs for non-ZAR deposits.
• Volatility: Crypto prices can swing dramatically within hours.
• Regulatory Uncertainty: Crypto regulations are evolving globally.

Frequently Asked Questions (FAQ)

Can I withdraw my crypto to a private wallet?

No. EasyEquities operates a custodial model – you own the underlying asset but cannot transfer coins externally. Sell positions to withdraw cash only.

What cryptocurrencies can I buy?

Major coins include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). New coins are added periodically.

Are there deposit/withdrawal fees?

EFT deposits are free. Card payments incur up to 3% fees. Withdrawals cost R8.50 (ZAR) per transaction.

How long do trades take to settle?

Trades execute instantly during market hours. EFT deposits take 1-3 business days. Card deposits are immediate.

Is EasyEquities crypto safe?

Funds are held in segregated accounts with FSCA oversight. However, as with all exchanges, hacking risks exist. Enable 2FA for maximum security.

Can I set up recurring crypto purchases?

Yes! Use the ‘Recurring Investments’ feature to automate daily, weekly, or monthly crypto buys.

EasyEquities removes traditional barriers to crypto investing, letting you build a diversified portfolio with pocket change. While limitations exist (like no external transfers), its fractional approach, regulatory compliance, and seamless integration with traditional assets make it ideal for beginners. Start small, prioritize security, and use volatility to your advantage as you navigate the exciting world of digital currencies.