Changelly Review
Exchange Any Crypto Instantly.
Overview
Changelly was created in Prague in 2016 by MinerGate Ltd. This company has helped make it one of the most celebrated exchanges of cryptocurrencies globally. The Changelly exchange provides a simple and fast interface for trading many cryptocurrencies and buying other currencies. The exchange has attracted over one million customers thanks to its popularity. There are a variety of cryptocurrencies that can be exchanged on the Changelly website and other currencies such as USD and the Euro. To acquire a cryptocurrency for trading another cryptocurrency, you should use Changelly. The Changelly exchange is best for those who want to acquire a cryptocurrency to quickly exchange it for another cryptocurrency. However, the trading platform was formed in Malta after the companies split. Crypto-friendly regulations, as well as an active blockchain industry, prompted the headquarters move.
How Changelly works
In addition to its two-step authentication mechanism, Changelly employs email messages to monitor transaction data. This ensures that Fx traders cannot pull off any scams. In addition to standard features like high limits, 24/7 assistance, and fast transactions, Changelly offers these expected benefits.
It would be best if you first created your wallet before attempting any transactions on Changelly because the platform does not keep any funds on its servers. The service is non-custodial, so you must retain all holdings on your servers.
You can use this service to trade between currencies in various cryptocurrencies. Enter your email address and choose the currencies you want to trade. Next, enter the wallet address (similar to a bank account number) where you want to deposit your crypto.
Once you’ve confirmed your transaction, send the correct amount to the wallet address provided. You will receive your money in five to 30 minutes.
Features Of Changelly
1 . Changelly Deposit And Withdrawal Options.
Changelly offers a variety of deposit and withdrawal methods for converting cryptocurrencies. You can’t, however, actually sell your cryptocurrencies for fiat money on Changelly- you would need to exchange them for other types of currencies first. With debit or credit card purchases from any country in any currency, transactions are either in USD or Euro related depending on the purchase method you choose when ordering coins :-
- Bitcoin
- Ethereum
- Monero
- Zcash
- Dash
- Litecoin
- Dogecoin
- Bytecoin
- QuazarCoin
- Fantomcoin
- Dashcoin
- NuBits
- Ripple
- Radium
- MaidSafeCoin
- Factom
- Synero
- Ethereum Classic
- NEM
- Steem
- Stratis
- Ardor
- Navcoin
- Tether
- Golem
- Bitcoin Cash
- Bitcoin Gold
- DigiByte
- EOS
- Expanse
- GameCredits
- Lisk
- Gulden
- Next
- PotCoin
- Power Ledger
- Syscoin
- DigitalNote
- Verge
2 . Supported Countries
Changelly accepts users from any country in the world and will accept payments in any currency. It will be converted to either Euros or US dollars.
3 . Changelly Fees & Charges
When shopping for cryptocurrency through Changelly, the rates within which you get them aren’t fastened rates attributable to cryptocurrencies high volatility. This suggests that after you attend purchase from this website, the present rate is usually being shown however could modification slightly at a later time if your order goes through. However, each purchase created on Changelly are going to be with rock bottom attainable bid for that currency- despite however long it takes to complete.
4 . Limits & Liquidity
When buying or exchanging a cryptocurrency for another, the sky’s the limit. There are no limits when it comes to changing your cryptocurrencies as many times and however much you want, which in return creates an extremely liquid market.
However, when buying with fiat money there are limitations that vary depending on what country you reside in. USA Residents can purchase $50 worth of crypto initially but can’t do anything more than this without waiting 4 days. They then have 24 hrs to add up to $100 before they incur any additional fees after making their first transaction. After 7 days residents from these regions may buy up to $500 more until reaching a cap of about $5000 total for all transactions within one week’s time frame (7*$500). Afterwards there is no limit.
5 . Changelly Privacy
Changelly is an international cryptocurrency exchange that does not require any verification. One can use this service without government documentation such as passports or driver licences, just with an email address- which will never be shared with third parties.
6 . Security & Verification Levels
Changelly is a safe and secure cryptocurrency exchange that backs MinerGate. It doesn’t require verification, so the identities of its users are kept safe. Your crypto isn’t stored on the exchange instead it goes to your personal wallet when you make a trade. For even more protection, two-factor authentication is enabled for each user account. Changelly has many satisfied customers and continues to grow as an easy and reliable cryptocurrency platform with over 500000 satisfied customers.
7 . Changelly Customer Support
Changelly has a pretty good support system in terms of cryptocurrency exchanges.
They offer their users email at support@changelly.com
The exchange’s FAQ page is very informative with many common questions that have been answered on it already, as well as clear instructions on how to use its services. Some more information about Changelly for crypto-traders would be useful though.
Is Changelly.com legit?
Changelly may be a trustworthy and safe crypto exchange platform. The corporate is continually rising not only it involves transfer in new altcoins for individuals to change also helps additionally to produce the users with the most effective client expertise. Thus, the corporate is rising in each exchange and security departments.
How long does Changelly Take To Exchange?
Changelly transactions will take from five minutes to half-hour to be processed. The time differs counting on the number of the dealings. If it’s quite one BTC, the interval is longer.
Is Changelly Safe?
Changelly may be a safe crypto exchange platform. In fact, there’s no history of security breaches once it involves Changelly. Since it provides you with its widgets and API to a range of various services, you’ll be able to use Changelly exchange services straight from your billfold.
Does Changelly Accept Fiat Currencies?
Yes, at the instant you’ll be able to use three act currencies once buying crypto, together with USD, EUR and GBP.
What Are The Main Features Of Changelly?
Changelly needs no personal info once exchanging your altcoins, they provide a flat fee of zer 0.5% per trade furthermore it has more than hundred different altcoins. Also, if you’ve got any queries, you’ll be able to cash in of their 24/7 client service.
Can You use Changelly In The US?
Yes, users from the whole world will use Changelly. There’s additionally no ought to worry concerning the currencies, as Changelly can settle for any of them, however, they’re going to be reborn to USD or monetary unit. Thus, it’s terribly convenient.
Perks
One of Changelly’s biggest perks is its simple approach, which makes it accessible to both newbies and veterans. The platform not only provides an instant way for users to exchange cryptocurrencies within approx. 30 minutes but also has a mobile application that can be used globally on any device with internet access. Plus the company offers an affiliate program where traders are rewarded 50% of the income incurred by traders invited onto the trading platform for up to 90 days after registration or upgrade in rank. With this chain mechanism, Changelly attracts new people every day as it validates user registrations/subscriptions through referrals from existing members.
Changelly Available On Mobile App
Download the Changelly mobile app to exchange cryptocurrency anywhere.
Get the Changelly app to easily exchange cryptocurrencies on your phone. With rates that beat everyone else, this is the best way to change your cryptocurrency without having to register anywhere. You can access 100+ types of crypto with a single tap.
Changelly Products
Changelly provides world-class services and products to its users.
- Changelly Pro
- Changelly Earn
- Changelly Mobile App
- Free Cryptocurrency Crash Course by Changelly
Pros & Cons
Pros
- Wide range of crypto currencies
- Low crypto-to-crypto exchange fees
- Integrates with various wallets
- Anonymous
- Easy to use
Cons
- Not regulated in the U.S.
- High fiat-to-crypto rates
- Limited payment options
- High minimum trade amounts
Payment Methods – Deposit & Payment Methods
One of the major reasons for Changelly’s market success is its multi-payment methods support. Here are a few options traders can choose from:
- Debit Card/Credit Card
- Virtual Credit Card
- Prepaid Cards
- Cryptocurrencies
They boast more than 150 cryptocurrencies and no restrictions on trading pairs. You can even create your own pair if you want, or choose from the many pre-existing ones to purchase whichever you please. To make a trade with fiat currency, just select the coin of your choice and add it to cart. There are different payment options for every type (debit/credit card, virtual cards etc). Pay attention to exchange rates before finalising transactions though.
Changelly Review: Fees
Changelly offers both the floating rate exchange and fixed rates trade. With a floating rate, you pay one price but when the transaction is completed it can change to another. The downside to this method is that traders may end up paying more in fees if they’re not careful with their trades, some as high as 0.25%. On other hand, trading with a fixed exchange has little or no risk because of how you know exactly how much will be charged for each transaction completion- also at just 0.25%.
The fixed-rate trade provides a guarantee that users are charged at particular worth. there’s no second-guessing beneath the tactic, however it incurs comparatively higher fees. betting on the concerned third party, users will expertise a network fee from five-hitter to 100%. This doesn’t signal well with some traders, and that they even decision it fully ridiculous borderline theft.
However, one of Changelly’s offers is an Apple Pay option for smoother bank transfers without any withdrawal charges; so perhaps opting for this method would be beneficial in low volatility crypto market conditions? The floating trading option seems ideal when considering high volatility crypto markets as there are minimal transaction fees incurred through such trades.
About Changelly
Changelly is a popular cryptocurrency exchange that provides the ability to instantly and seamlessly exchange over 150 altcoins at the best market rate or buy them using a bank card. Operating since 2015, Changelly has attracted more than 2 million registered users from around the world. Currently, it processes more than 15K transactions daily with monthly turnover of approximately 60 K BTC.
Changelly partners with large and reputable cryptocurrencies services such as Exodus, Binance, Enjin Coinomi MyEtherWallet Ledger Trezor etc. The team checks Trust pilot on a regular basis for faster feedbacks and quick solutions if any are required- please follow these recommendations below to raise your concern: –
Provide your transaction ID if you experience any difficulties with one. Describe your experience in details with proofs and Be polite.
Conclusion
In summary, Changelly seems like a great option for those who are new to cryptocurrency or are not sure how markets work. The platform has an intuitive interface and its relaxed KYC requirements and lack of trade limits make it accessible to the masses. However, although Changelly bills itself as the cheapest instant exchange solution on the market, it often uses less than favorable rates-which reduces customers’ returns. Despite this, when it comes to speed and efficiency in processing transactions it’s hard to beat their 30 minute maximum processing time.
Changelly may be in a different category than most other cryptocurrencies, but that doesn’t mean you shouldn’t take the necessary precautions. What makes Changelly stand out from the crowd is its customer service center. it was one of their first priorities back when they were founded and has continued to remain so as long as they’ve been around.
The company’s owners are constantly working not only to bring in new altcoins for people to trade with but also provide customers with a safe experience both on an individual level, by providing security features such as 2-factor authentication, or at an organizational level which includes storing user data offline, using SSL encryption on all sensitive pages and having cold storage wallets for coins stored offsite.
