A Great Way For Newcomers To Access Crypto Without Utilizing CEXs
A Common Barrier
For those of us who have been in the Crypto space for some time, it’s a lot easier to avoid centralized exchanges, and the risks associated with them. However, for newcomers, the initial challenge is to inject fiat currency into the Crypto ecosystem. This is usually accomplished by making use of a centralized exchange. These services are commonly known as fiat on-ramps, and in most cases, are an unavoidable step in the process.
CEXs are usually avoided where possible, by more savvy and experienced Crypto enthusiasts, and for obvious reasons. Victims of the FTX collapse can bear testimony to the inherent dangers of centralized entities. Essentially, the coins held on an exchange are actually under the entity’s control and custody. In other words, outside of the exchange’s permission, you have zero control over your assets. This is the primary selling point of non-custodial solutions.
Easy Crypto is a non-custodial exchange that enables Crypto purchases with fiat currencies, and subsequently, sends the purchased assets to the user’s private wallet address of choice. Users can add addresses to their address book, and so enable almost instant custody of their newly acquired Crypto assets. The exchange does not assume custody of purchased assets but rather transfers them to the private custody of the client.
Another great benefit to this service is that users can now have their newly purchased Crypto assets sent directly to their hardware wallets. Essentially, assets can be sent to cold storage upon purchase, further reducing risk. This is pretty awesome, and another reason why I appreciate the non-custodial exchange model, especially regarding fiat purchases. Furthermore, investors can set up recurring orders.
Perfect For The Experienced & Inexperienced
This is great for less experienced investors who are looking to take advantage of a weekly or monthly dollar-cost averaging strategy. Imagine having an auto-buy order taking place every month without any action being required on your part. On top of that, you choose to have your coins sent directly to cold storage. Zero effort, further enhanced by significantly reduced risk.
This is not only an ideal model for newcomers, but any Crypto investor looking to reduce time, effort, and ultimately risk. Unfortunately, to my knowledge, Easy Crypto is only available to a handful of countries. According to the Easy Crypto website, services are available in Australia, New Zealand, South Africa, and Brazil. The exchange was established in 2018, making it a little younger than Binance.
Final Thoughts
Once an exchange has been operational for a good number of years, it becomes a lot more trustworthy. Trust is unfortunately earned, and the longer a service delivers, the greater that trust becomes. After all, all we have to go on is a company’s track record. Realistically, no one can endorse a company they do not own, or manage. An endorsement has to be backed by a promise to deliver.
A customer or user is unable to provide any level of endorsement, which is why I make no endorsements, but rather choose to share my experiences. As always conduct your own research. This is not investment advice, but rather a service I have found to be rather beneficial. See you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.
