And even better news, we don’t charge any fees on this!

With our new crypto-to-crypto exchange feature, you can now directly exchange cryptocurrencies like Bitcoin into other cryptos like Ethereum – sent directly to your wallet of choice. 

Instead of having to use an international exchange (or an expensive wallet) to convert your coins into others, Easy Crypto is here to help you with everything from buying, selling, tracking and now exchanging your cryptocurrency assets. We have your back!

How To Use ECZA’s Crypto Swapper

To showcase our Crypto Swapper feature, as an example we’ll run you through converting Ethereum into Bitcoin. This is just ETH and BTC though, you have the option to convert between 150+ of our listed currencies.

Your first step is to head to our crypto swapper page, insert the coins and amount you want to swap and provide us with your wallet address.

As soon as the swap is completed on our end, your new coins will be sent directly to your wallet of choice – typically within under 10 minutes of creating your trade.

You can also easily summon any address saved in your address book!

Once you’ve entered in those details, your next step is to simply click ‘Create swap’.

Once you’ve done that you’ll be prompted to send the crypto you’re swapping over to us to complete the transaction. 

Just copy the send address into your wallet and send away!

After that, head on over to your My Account/Orders page to see the order. 

It will appear just like any of your other orders.

Under ‘Order Type’ you will see ‘Swap’ which will identify this is the one. And then we wait…

And BANG. You’ll see that under status this has changed to ‘completed’, and your new coins will be sent to your wallet within about 15 minutes.

Don’t forget to reach out to the team if you ever get stuck creating a swap order and we hope this makes life a lot easier for everyone out there!

The post You Can Now Exchange Between Cryptocurrencies! appeared first on Easy Crypto.

Kicking off May saw an explosive 30% increase in Bitcoin’s price in the 7 days lead up to the Bitcoin Halving, which took place on the 11th of May 2020.

Bitcoin’s fruitful price gains would come to a close with a sharp -13% price correction on the day of the halving – sobering up the markets while offering an opportunistic price entry point for new Bitcoin investors.

Those who invested during this dip would enjoy 17.24% BTC price gains until the end of May, stimulating the altcoin market while drawing major headlines from international media outlets. 

Thanks to this surge in interest, the search term ‘Bitcoin’ on Google reached a 10 month high, further fueling confidence and bullish outlook across the crypto markets. 

Key market updates over May:

• Tether overtook XRP to become the 3rd largest cryptocurrency by market capitalisation.
• One of Bitcoin’s first wallets made its first outbound transaction ever – with an encrypted message attached calling out Bitcoin SV founder Craig S Wright as a fraud.
• The global cryptocurrency community has enjoyed relative prosperity compared to traditional markets, acting as an independent yet volatile safe-haven asset class.
• Former Bitcoin critic JP Morgan & Chase bank has performed a 180° on their Bitcoin stance – now stating that Bitcoin is ‘Significantly Undervalued’.
• Facebook’s Libra Cryptocurrency has rebranded to ‘Novi’ – and has hired a new CEO to take lead of the landmark project.

With all this action and more, the cryptocurrency markets have made significant progress over May – and have demonstrated yet again just how fast things can change in 4 short weeks. 

The May 2020 Bitcoin Halving – Mission Passed!

On the 12th of May, the highly anticipated 2020 Bitcoin halving executed, and the block reward for the Bitcoin miners reduced from 12.5 BTC to 6.25 BTC per block reward.

The May 2020 Bitcoin halving was the third Bitcoin Halving in history, with previous halvings taking place in 2012 and 2016.

Both previous halvings saw Bitcoin’s price enter fruitful bull runs in the months following both events – so now this time round there is a massive amount of hype surrounding if Bitcoin’s price will skyrocket in the next few months.

See our simple rundown of the 2020 Bitcoin halving to learn more.

Bitcoin – The Underdog Currency

Since the day of Bitcoin’s inception, there has been no shortage of crypto critics and cynics, seeing an endless stream of entities falsely claiming Bitcoin is dead’, ‘worthless’, ‘a scam’, or even ‘rat poison squared’.

In the spirit of progress – here’s two iconic turnarounds that made waves in the cryptocurrency markets over May 2020.

JP Morgan & Chase Bank and Jamie Dimon Stance Flip on Bitcoin

Back in 2017 J.P. Morgan Chase CEO, Jamie Dimon made a statement calling out Bitcoin to be a “fraud” that global governments would “crush”.

Being one of America’s four largest banks, Jamie’s statements made influential waves in the traditional markets, making a substantial impact on the way the mainstream perceives cryptocurrency assets and alternative currencies.

In an unexpected turn of events, JP Morgan has revealed that they’re working on the world’s first bank-backed cryptocurrency. And as of May 12th, JP Morgan has revealed they’re providing banking services to Coinbase and Gemini – two of the worlds largest cryptocurrency exchanges!

Bitcoin Outlives First Website That Declared it Dead

Since its launch, Bitcoin has been wrongly proclaimed ‘dead’ over 350+ times and counting by the media since 2009. Well, in an absolutely epic move – Bitcoin has officially outlived the first website that declared it as dead!

Boasting over 99.9% network uptime since its inception – Bitcoin continues to defy expectations and drive forward as the magic internet money of the future.

The post May 2020 Cryptocurrency Market Overview appeared first on Easy Crypto.

Here at EC we understand that easy, affordable and reliable payment methods are a fundamental part of your customer experience, so for this reason…

Easy Crypto South Africa is stoked to announce that we’ve released two new payment methods;

Bank deposits and SiD EFT! 

From today onwards, when you head to Easy Crypto SA to place an order, you will have the choice to pay with SiD EFT or manual bank deposit – with more options on the way.

Due to the SA banking system taking some time to process payments between accounts, the time it will take to deliver your order will vary –  a standard delay that cryptocurrency aims to solve.

Heads Up – Our internal testing indicates SiD EFT processes faster than bank deposits ! 

We’re sure our new payment methods and lower prices will make using cryptocurrency even easier for you, and we look forward to sharing our next lot of Easy Crypto updates with you soon! 

Wishing you the best of luck with your investments,

To the Moon !

Lloyd

The post New Payment Methods – Bank deposits and SiD EFT! appeared first on Easy Crypto.

Since we launched in 2019, Easy Crypto SA customers have been asking for Moonpay to charge in Rands and not USD. Thanks to your support, we’re stoked to let you know that we’ve now implemented Rand charges in our Moonpay payment option! 

• This means your debit or credit card will be debited in Rands and not USD converted to Rands.
• Moonpay has also increased their limits – right in time for before the halving!
• We’re also in the process of testing our code for instant EFT deposits, and hope to have this live next week. 

If you don’t already see our Moonpay update on your side – head down to the bottom of the Easy Crypto SA website and click ‘Update to new version‘.

The post Upgraded Moonpay Limit Increases and Rand Debits! appeared first on Easy Crypto.

As expected, April 2020 delivered on its promise as being an exceptionally unpredictable month for the world of cryptocurrency and beyond.. 

A brief recap of this month’s events:

• Since the start of April, Bitcoin’s up a whopping 43%, Ethereum’s up 69% & XRP is up 36%!
• The Bitcoin halving is almost here – approximately 12 days away! 
• The Chinese Government deploys national cryptocurrency trials over four Chinese cities. 
• Central Banks unite to propose a ban on stable coins like Tether & USDC.
• Facebook’s Libra cryptocurrency meets further regulatory challenges.
• Moonpay limit increases and now transacting in ZAR

April saw bullish trends across most coin prices, and a well-welcomed surge of mainstream interest in digital assets like Bitcoin. Over the past 30 days the crypto market has enjoyed relative buoyancy in comparison to traditional markets such as oil or stocks. 

Market Update – April 2020

 The total cryptocurrency market capitalisation over April – the combined value of all cryptocurrencies, Courtesy of CoinMarketCap.com

Kicking off April we saw Bitcoin rally 17% in week one, setting a bullish overtone across the cryptocurrency market – with almost all altcoins following suit. Ethereum joined the bull run, exceeding Bitcoin’s gains and increasing 69% in price over April! (Congrats all ETH holders!)

Alongside menacing gains, the crypto markets in April were hit left right and center by global headlines from other mainstream asset classes:

• Oil prices in April went negative in a historic Covid-19 induced blow, plummeting to the lowest prices in 70 years.
• Acting as a safe haven asset, Gold has risen 33% over the past 12 months.
• Since New Year’s Eve, the S&P 500 is down 9% – the total value of the top 500 publicly traded companies in the US combined.

To nobody’s surprise – the cryptocurrency market paved its own way forward over the last month, seeing the cryptocurrency market cap increase 36% since the beginning of April.

Adding to this, on the 20th of April a report was released on Bitcoin’s price correlation to other traditional asset classes. In short, the results indicate that Bitcoin is just as much of an uncorrelated asset as gold. However, as expected there is high positive correlation between Bitcoin and the other 5,400+ cryptos in the cryptocurrency market. 

Currency Wars: The Empire Strikes Back!

In addition to volatile markets, April saw numerous governments, nations and central banks implement their own precautionary economic measures to ward off unwanted impacts of the Covid-19 pandemic. 

Over the last 40 days, the US Federal Reserve has injected more than 1.5 trillion US dollars into the global economy – further debasing the USD that underpins 60% of all known central bank foreign exchange reserves.

This may sound like an insane amount of money, which it is – but the US dollar was not the only currency undergoing significant changes in April 2020.

China Deploys Trial of New Digital Yuan Currency

The Chinese government and central bank have accelerated the development of China’s new Digital Yuan; the world’s first 100% digital backed fiat currency, to be deployed as a trial across four Chinese cities.

The United States dollar reigns supreme as the global reserve currency, having accounted for 90% of international transactions over 2019. 

By comparison, the Chinese Yuan made only 2% of global payments and reserves last year, and naturally, China has its bearings set on increasing the international importance of the Yuan.

China’s Digital Yuan provides us insight into the world of tomorrow – where physical cash is seen as obsolete and digital currencies play the role as the backbone of streamlined international commerce.

Central Banks Unite to Propose Stable Coin Ban

On April 14th, the FSB (Financial Stability Board) released a document proposing a unified global ban on stable coins such as USDT, USDC and DAI.

Comprising of central banks and finance ministries from around the world, The FSB is an international regulatory body that monitors and makes recommendations on the global financial system.

Stable coins like Tether (USDT) are a type of cryptocurrency where the price of each coin is pegged to fiat currencies like the USD – acting as a safe haven cryptocurrency for traders wanting to realise gains or store their value in digital currencies immune to price volatility. 

This proposal from the FSB is a serious taunt towards the cryptocurrency market, and an even bigger threat to Facebooks ‘regulator friendly’ stable coin Libra.

Currency Wars: A New Hope

Throughout April’s action, cryptocurrencies like Bitcoin and Ethereum have continued carving out a new financial system based on trustless mathematics and decentralisation. 

There is no general consensus on when the modern currency wars started, but as of 2020, there are three primary opponents. Government-backed centralised fiat currencies, corporate-backed centralised currencies and decentralised cryptocurrencies like Bitcoin and Ethereum.

None of us here at Easy Crypto can say for sure who will win the currency wars, but as you would expect, we’re putting our bets on cryptos like Bitcoin and Ethereum – The future is decentralised!

The post April 2020 Cryptocurrency Overview appeared first on Easy Crypto.

Thanks to all of your support we are growing incredibly fast.

As a result of a collaboration with Easy Crypto New Zealand, our platform provider, we are stoked to announce that we are rebranding our service to Easy Crypto South Africa, and fully integrating with Easy Crypto International! ?

Rebranding to Easy Crypto South Africa and merging with Easy Crypto’s world-class New Zealand forged exchange systems will mean 40+ new cryptocurrencies for you to trade, substantially cheaper prices and even faster delivery speeds!

The first benefit you will see from our merge will be the release of two additional payment methods; direct bank transfer and EFT – and we have more on the way!

As we undergo our amalgamation with Easy Crypto over the coming weeks, everything will be just as it is for your crypto trading and tracking.

Starting immediately all Easy Crypto South Africa customers are being routed to our new website www.easycrypto.ai, which will automatically take you to the South African area of the site. ?

Make sure to remember to bookmark our new website URL, and if you aren’t automatically taken to the South African Easy Crypto website – just select ‘South Africa’ in the country menu below. ?

We humbly thank you for your continuous support, and for making it possible for us to merge with one of the most trusted and loved cryptocurrency platforms in the world. ?

Stay tuned for our upcoming updates, and don’t forget to follow us on Facebook and Twitter to stay in the know with all things Crypto!

To the moon!

Kind regards

Lloyd Brown

The post Kiwi Krypto is Re-branding to Easy Crypto South Africa! appeared first on Easy Crypto.