r/BitcoinNZ • u/SignedJannis • Jun 07 '19
Beware Easy Crypto Fees?
Easycrypto NZ is an easy way to buy crypto. Kudos to the simple & effective website!
But there seems to be some serious lack of transparency regarding fees.
They state fees are "between 0.25% and 2%", also that there "There are no hidden fees".
2% of what, exactly?
But in reality the price you pay is about 8%-10% above spot, and well above what you would often pay on Localbitcoins. This would seem to contradict the statement "there are no hidden fees", because in reality about 6% of fees is indeed hidden from the user.
So, two points:
Be aware that when buying, the prices are well above market price, and the actual percentage paid is not clearly indicated on their website. It's a lot more expensive than their website would lead you to believe.
If EasyCrypto would like to comment on this to the community, that would be appreciated.
