How to Buy Crypto on EasyEquities: Your Step-by-Step Beginner’s Guide

Introduction to Crypto Investing on EasyEquities

EasyEquities has revolutionized South African investing by making cryptocurrency accessible to everyone. As a regulated platform under the Financial Sector Conduct Authority (FSCA), it allows you to buy fractional shares of popular cryptocurrencies alongside traditional stocks – all through one intuitive interface. This guide will walk you through exactly how to buy crypto on EasyEquities, whether you’re a first-time investor or expanding your portfolio.

Step-by-Step Guide to Buying Crypto on EasyEquities

1. Create Your Account: Visit EasyEquities.co.za and click ‘Sign Up’. Complete the registration with your ID and proof of residence (FICA verification takes 1-2 days).
2. Fund Your Wallet: Navigate to ‘Deposit Funds’ and choose your method (EFT, debit card, or instant deposit). Minimum deposit is R50.
3. Access Crypto Section: From your dashboard, select ‘Crypto’ from the product menu to view available digital assets.
4. Choose Your Cryptocurrency: Browse options like Bitcoin (BTC), Ethereum (ETH), or Cardano (ADA). Click ‘Trade’ on your selected crypto.
5. Place Your Order: Enter the Rand amount you wish to invest (minimum R10). Review the estimated coins you’ll receive and click ‘Place Buy Order’.
6. Confirm & Monitor: Check your transaction in the ‘Activity’ tab. Track performance in your portfolio dashboard.

Key Benefits of Using EasyEquities for Crypto

• Fractional Investing: Buy R10 worth of Bitcoin – no need to purchase whole coins
• Zero Trading Commissions: Only a 0.25% – 1% spread fee included in pricing
• Regulated Security: FSCA oversight and segregated client funds
• Unified Portfolio: Manage crypto, stocks, and ETFs in one dashboard
• Beginner-Friendly Tools: Educational resources and simple interface

Essential Tips for First-Time Crypto Buyers

• Start with small investments (R100-R500) to learn the platform
• Enable two-factor authentication in account security settings
• Diversify across 2-3 cryptocurrencies to manage risk
• Monitor market trends using the built-in price charts
• Reinvest dividends from traditional stocks into crypto for compound growth

Frequently Asked Questions

What cryptocurrencies can I buy on EasyEquities?

EasyEquities currently offers Bitcoin (BTC), Ethereum (ETH), Cardano (ADA), and other top coins. New cryptocurrencies are added regularly based on market demand.

Are there withdrawal fees for crypto?

Yes, withdrawing crypto to external wallets incurs network fees (e.g., ~R50 for Bitcoin). Holding crypto within EasyEquities has no storage fees.

How long do deposits take to clear?

EFT deposits take 1-2 business days. Instant deposits via Ozow or debit card are available immediately for verified accounts.

Can I set up recurring crypto purchases?

Yes! Use the ‘Recurring Investment’ feature to automate weekly or monthly crypto buys starting from R50.

Is my cryptocurrency insured on EasyEquities?

While not individually insured, EasyEquities holds client assets in segregated accounts with major custodians like Fireblocks, implementing enterprise-grade security protocols.

Final Thoughts

Learning how to buy crypto on EasyEquities opens doors to the digital asset economy with unprecedented accessibility. The platform’s fractional investing model removes traditional barriers, allowing you to build a diversified crypto portfolio starting with just R10. Remember to research each cryptocurrency, start small, and leverage EasyEquities’ educational resources. As with all investments, only commit funds you can afford to risk in this volatile market.