Have you been looking for an efficient and convenient way to trade cryptocurrencies? If yes, then Changelly could be the perfect choice for you. But can it really fulfill your expectations?
Crypto trading has become the latest trend in today’s economy as it is incredibly profitable. Unfortunately, with so many fraudulent companies out there, it can be difficult to find a reliable platform that will provide the desired results without any hidden charges or fees.
Changelly is considered to be a reputable platform for exchanging cryptocurrency assets, offering a broad range of services at competitive fees. It promises users valuable services such as fast transactions, top-notch security measures, and multiple payment methods. In this review article, we’ll delve deeper into all these aspects of Changelly and get an in-depth overview on its overall performance.
Everything You Need To Know About Crypto Exchange Changelly
Changelly is a fast and anonymous cryptocurrency exchange service that allows users to trade almost any cryptocurrency. It provides a simple and highly convenient way to exchange cryptocurrencies at affordable rates worldwide. Changelly makes it easy for crypto traders to purchase and swap altcoins, making it an essential service for anyone looking to get into the world of digital currencies.
Changelly Review Summary
Changelly is a cryptocurrency exchange platform that allows users to quickly and easily trade between different cryptocurrencies. It offers a variety of services, including a mobile app, low fees, buying limits, customer support and reviews, and more. Changelly is an affordable way to trade between cryptocurrencies as it has competitive exchange rates and low transaction fees. The company also provides users with the ability to buy crypto with credit cards or bank transfers.
However, Changelly can be more transparent about its business practices as there have been reports of high exchange rates for fiat trades. Additionally, some customers have reported slow customer service response times when dealing with issues such as account verification or withdrawal delays. Despite these drawbacks, Changelly remains a popular choice among cryptocurrency traders due to its convenience and affordability.
Company Overview
Changelly is a cryptocurrency trading platform that allows users to trade without registering or verifying their identity. Established in 2015 and based in Malta, Changelly uses an automated trading robot to suggest the best available rates on trading pairs. It integrates with some of the largest exchanges, including Poloniex, Binance and Bittrex. Changelly was founded in 2015 and is based out of Prague, Czech Republic.
Changelly provides an ecosystem of products and services to enable users to purchase, sell, swap and trade cryptocurrencies. It offers a wide range of features such as instant exchange between different cryptocurrencies, no registration required for transactions, low fees compared to other platforms, and 24/7 customer support. Changelly currently has over 2 million monthly active users and 80 employees working around the clock to ensure its customers have the best experience possible when using their platform.
How Changelly works
Changelly is a no-account and non-custodial cryptocurrency exchange that works with other exchanges such as Binance, Bittrex, and others. It uses a trading algorithm to make bids and asks on these platforms, displaying the best possible rate for customers. Once Changelly receives your funds, you get the exchanged coins in return back to your wallet.
Changelly also offers an API that allows third-party wallets and service providers to integrate its exchange feature into their own services. Additionally, Changelly Pro is a full-featured trading platform that allows customers to trade dozens of cryptocurrencies with limit and market orders, as well as several more advanced order types. On top of this, Changelly Pro provides up to 10x margin on 13 different markets. This makes it an attractive option for traders looking for high-leverage opportunities in the crypto space.
Changelly Services
Changelly is a cryptocurrency exchange service that offers an easy, fast and relatively anonymous way to trade cryptocurrencies. It allows users to buy Bitcoin (BTC) with a credit card through its integration with Simplex. Changelly may require full verification if it suspects any suspicious activity or user. The website provides clear instructions on how to use the services offered by Changelly and has an informative FAQ page with answers to common questions. Customer support is available via email at support@changelly.com for any queries or issues that may arise during the process of exchanging one cryptocurrency for another.
Changelly’s services are designed to make trading cryptocurrencies as simple and secure as possible. Its intuitive interface makes it easy for users to quickly find the best rate for their desired crypto-to-crypto exchange, while its advanced security protocols ensure that all transactions are safe and secure. Additionally, Changelly’s customer support team is always available to answer any questions or provide assistance in case of any problems during the exchange process.
Changelly Mobile App
Changelly’s mobile app is a great way to manage your cryptocurrency portfolio on the go. It offers a wide range of features, including the ability to quickly swap between cryptocurrencies and purchase crypto using fiat currency via Changelly partner Simplex. The app also includes a crypto price-tracking screen, allowing users to view prices and charts for their favorite cryptocurrencies. The app supports multiple payment options, including debit/credit cards, making it easy for users to make payments quickly and securely.
The Changelly mobile app is one of the best crypto-related apps on the market! It is ideal for trading crypto for both newbies and seasoned traders alike. The app is highly responsive and performs well, with an intuitive user interface that makes it easy to navigate. Additionally, users can log in to the app to streamline their website and app proceedings. All in all, Changelly’s mobile app provides an excellent way for users to manage their cryptocurrency portfolios from anywhere at any time.
How to Use Changelly?
It has already been established that Changelly is a very popular cryptocurrency exchange platform that allows users to quickly and easily trade between different digital currencies. With over 100 altcoins available, Changelly provides users with a wide range of options when it comes to exchanging their crypto coins. To use Changelly, users must first create an account and then select the coins they wish to trade-in. It is important for users to double-check the currency rates at other crypto exchange platforms before finalizing any trades in order to ensure they get the best rate. Once registered, users can confirm their payment and wait for their altcoins to arrive in 30 minutes or less.
Changelly also provides its users with a history of all their previous exchanges which makes it easy for them to track their trading activity. The platform also offers a secure environment for its users as all transactions are encrypted and stored on secure servers. Furthermore, Changelly has an intuitive user interface that makes it easy for even novice traders to navigate the platform without any difficulty.
Currencies and Payment Methods
Changelly offers access to over 140 different cryptocurrencies. It recently added fiat currency support, allowing users to purchase cryptocurrencies with credit and debit cards. This feature comes with associated fees, so it is important to pay attention to these when using Changelly. The platform also supports a variety of payment methods, including debit/credit cards, virtual and prepaid cards, and cryptocurrencies.
Changelly allows users to create trading pairs with over 150 different cryptocurrencies. This makes it one of the best crypto exchanges in Nigeria as it allows users to buy Bitcoin with NGN or USD. The platform also provides an easy-to-use interface for making transactions quickly and securely. With its wide range of features and payment options, Changelly is an ideal choice for those looking to trade or invest in cryptocurrencies.
Changelly Fees
One of the main advantages of using Changelly is its low fees, which are set at a static 0.5% rate on all trades. This makes it one of the most competitive platforms in terms of fees when compared to other exchanges. When trading with fiat currency, however, the fees may be higher due to third-party payment services. Changelly warns users of potential high fees when using fiat currency, so it’s important to be aware of this before making any transactions.
When buying cryptocurrency through Changelly, users can take advantage of the fixed fee of 0.5%. However, rates may fluctuate slightly when the buy order is placed due to cryptocurrency’s high volatility. Despite this, Changelly focuses on speed and convenience, making it ideal for both beginners and experienced users who want quick access to their funds without having to worry about complicated processes or hidden fees.
Direct Buying Fees
Direct buying fees are an important consideration when investing in cryptocurrency. Changelly is a non-custodial exchange that offers users the ability to purchase BTC, BCH, LTC, XRP and ETH directly with fiat currency. For all other cryptocurrencies listed on Changelly, the fiat amount will be converted twice from fiat to BTC and then from BTC to the requested cryptocurrency. Changelly does not charge any account maintenance or withdrawal fees but does have a 0.25% transaction fee for floating rate transactions and no fee for fixed rate transactions.
Changelly PRO also offers maker/taker trading fees as well as deposit and withdrawal fees in line with other cryptocurrency exchanges. It is important to note that cryptocurrency investments carry risk due to the volatile and relatively new market so users should secure their wallet with protocols like two-factor authentication and research any coin they buy before investing. By understanding direct buying fees associated with Changelly, users can make more informed decisions when investing in cryptocurrency.
Cons
Although there is no doubt that Changelly is a secure and reliable crypto exchange platform with low fees and multiple fiat currencies accepted. It offers very competitive trading fees, an intuitive mobile app, and up to 100x leverage available. Changelly provides users with the best customer experience in both the exchange and security departments. However, one of the cons of using Changelly is that it has high pricing for fiat currency exchanges. This can be a deterrent for those who are looking to make quick trades or exchanges between different currencies.
Another con of using Changelly is that its advanced trading features may be too complex for some users. While these features offer exceptional functionality, they can also be difficult to understand and use properly without prior knowledge or experience in cryptocurrency trading. Additionally, some users may find the interface confusing or overwhelming due to its complexity. As such, it may not be suitable for those who are new to cryptocurrency trading or those who prefer a simpler user experience.
Top perks
Changelly is a non-custodial cryptocurrency exchange service, meaning it does not store any of your money or cryptocurrency. This makes Changelly an attractive option for those looking to buy and sell cryptocurrencies without having to worry about the security of their funds. Changelly supports almost 200 different types of cryptocurrency and only accepts three fiat (traditional) currencies: USD, GPB, and EUR. This makes it easy for users to quickly convert between different cryptocurrencies without having to go through multiple exchanges.
One of the top perks of using Changelly is that they offer competitive rates on all transactions. They also have no hidden fees or commissions, making them one of the most cost-effective ways to buy and sell crypto. Additionally, Changelly offers a user-friendly interface with helpful customer support available 24/7 in case you need assistance with anything related to your account or transactions.
Low crypto-to-crypto exchange fees
With Changelly, users can preview their transactions to compare rates and fees against other exchanges, allowing them to make an informed decision about which exchange to use. Exchange fees are 0.0004 BTC per withdrawal, making it one of the most cost-effective ways to exchange cryptocurrencies.
Changelly also provides an easy and secure way to exchange cryptocurrencies. All transactions are processed quickly and securely with no need for registration or verification. Additionally, Changelly does not charge any additional fees when withdrawing from custodial exchanges, making it a great option for those looking to move their cryptocurrency quickly and cheaply. With its low fees and secure platform, Changelly is a great choice for anyone looking to trade cryptocurrencies without breaking the bank.
Integrates with various wallets
Integrating with various wallets is an important part of Changelly’s mission to provide users with a secure and convenient way to exchange cryptocurrencies. By partnering with leading wallet providers such as Ledger, Trezor, Trust wallet and Exodus, Changelly ensures that users can securely store their cryptocurrency while still being able to access it when they need it.
Wallets are an essential tool for anyone who owns cryptocurrency. They allow users to control the keys associated with their coins, meaning that only they can access them. With Changelly, users don’t have to worry about losing control of their keys when exchanging one cryptocurrency for another. Instead, they can rest assured that their funds are safe and secure while still having the ability to quickly and easily exchange between different coins.
Anonymous — no Know-Your-Customer (KYC) regulations
Changelly is a cryptocurrency exchange that allows users to trade digital assets without having to provide Know-Your-Customer (KYC) information. This makes it an attractive option for those who value the anonymity of cryptocurrencies and don’t want to provide additional personal details. Changelly is one of the few anonymous exchanges left in the cryptocurrency ecosystem, as many other exchanges have implemented KYC regulations.
Shapeshift has also implemented KYC regulations, but Changelly only requires an email address for registration. This makes it easier for users to remain anonymous when trading on the platform. Additionally, using a VPN can help ensure further anonymity when trading on Changelly. For these reasons, Changelly remains a popular choice among those who wish to keep their identity private while trading cryptocurrencies.
Easy to use
Changelly is a great platform for those looking to easily and quickly exchange coins. It is simple to use and suitable for both beginners and experienced traders. All you need to do is connect your existing wallet to your Changelly account, choose the cryptocurrency pair you want to swap, and send the necessary cryptocurrency to the address provided. The process of swapping coins with Changelly only requires a few clicks, making it an ideal choice for those who are new to crypto trading or don’t have much experience in the field.
The user-friendly interface of Changelly makes it easy for anyone to navigate their way around the platform. It also offers competitive rates on all its exchanges, so users can be sure they are getting a good deal when exchanging their coins. Additionally, Changelly provides 24/7 customer support should any issues arise during the exchange process. With its fast transactions and secure system, Changelly is one of the best options available for those looking for an easy-to-use cryptocurrency exchange.
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Not regulated in the U.S.
Changelly is an unregulated cryptocurrency exchange in the U.S., meaning it does not follow anti-money laundering rules. This means that if a U.S. resident signs up with Changelly, they are breaking its terms of service and could face account freezing or closure if more regulation is introduced. Despite this, Changelly is still a trusted platform with no fraud or security breaches since 2015. It also does not hold users’ digital assets and directly transfers the crypto coins to the private wallet, providing better protection for customers and peace of mind.
Although Changelly may be a convenient option for those looking to trade cryptocurrencies without being subject to regulation, it is recommended to use a licensed cryptocurrency exchange in the U.S., as this provides better protection for customers and peace of mind. Licensed exchanges must adhere to strict regulations which protect users from potential fraud or theft, making them a much safer option than unregulated exchanges such as Changelly.
High fiat-to-crypto rates
High fiat-to-crypto rates can be a major obstacle for those looking to buy cryptocurrency with their local currency. Changelly, one of the most popular crypto exchanges, charges high fees and offers unfavorable rates when buying crypto with fiat currencies. This makes it an unattractive option for many users. To purchase crypto with fiat currencies, third-party apps such as MoonPay are necessary. These services offer payment options such as credit/debit cards and bank transfers, but they come with their own set of fees and risks.
Storing your crypto on centralized exchanges is also vulnerable to counterparty risks like hacking, theft and insolvency. To ensure the safety of your funds, self-custodial or hardware wallets are the best way to go. Popular hardware wallets include Ledger Nano X Wallet, Trezor Model T Wallet, and Ledger Nano S Plus Wallet. These wallets provide enhanced security features that protect your funds from malicious actors while also allowing you to store your crypto offline.
High minimum trade amounts
Changelly has a minimum amount for each currency pair that can be quite high, around $50. This means that traders must have a large amount of capital to make trades on the platform. Other exchanges may offer lower minimums, such as $5 or less, which makes them more accessible to those with smaller amounts of capital.
In addition to the high minimum trade amounts, Changelly PRO also charges maker and taker fees for trades. Maker fees range from 0.02-0.1%, while taker fees range from 0.04-0.1%. A maker fee is charged when a limit order to sell an asset is not filled immediately, while a taker fee is charged when a buy order is matched immediately with a sell order on the books. These fees can add up quickly and should be taken into consideration when trading on Changelly PRO.
Buying Limits
Changelly offers a wide range of buying limits, depending on the user’s location. For those in the USA, Canada, and Australia, the first transaction limit is set at $50, with increases of $100 and $500 after 4 days and 7 days respectively. The CIS region (Russia/Ukraine/Belarus/Kazakhstan/Armenia/Georgia) has a higher initial limit of $200, with increases up to $2000 in the first week and up to $10000 in the first month. Those residing in the EU or other countries have an initial limit of $100, with increases of up to $500 after 7 days. Credit card purchases via Changelly have limits from $50 to $10,000 daily, and up to $50,000 monthly.
Supported Countries
Its fair to state that the Changelly cryptocurrency exchange allows users to buy and sell digital assets quickly and easily. However, there are certain restrictions in place when it comes to which countries can use the service. Changelly’s Terms of Service prohibits use of the exchange in Cuba, Iran, North Korea, Crimea, Sudan, Syria, USA and its territories, Bangladesh and Bolivia. Additionally, any country subject to United Nations Security Council Sanctions List is also prohibited from using Changelly. Other countries may be added to this list at any time.
Despite these restrictions, Changelly still supports users from many different countries around the world. Transactions must be made in USD, EUR or GBP but supported countries include Austria, Italy, Belgium, Latvia, Bulgaria, Lithuania, Croatia, Luxembourg Cyprus Malta Czechia Netherlands Denmark Poland Estonia Portugal Finland Romania Slovakia Slovenia Spain Sweden Liechtenstein United Kingdom Norway Israel and Ireland.
Customer Support and Customer Reviews
Changelly provides reliable customer service with a high satisfaction score on TrustPilot. The website is clean and easy to understand, with an in-depth FAQ to help users educate themselves. Changelly support is available 24/7, with a response time of 24 hours at most. Users can contact Changelly on support@changelly.com or fill the feedback form. The platform also offers an extensive FAQ section and blog to help users gain a better understanding of its services.
Despite the positive reviews, there are reports of expensive trades and missing funds, so customers should be aware of potential fees when using Changelly. To make it easier for new users, the platform offers a crash course to quickly purchase crypto and is supported in numerous countries. Additionally, Changelly is active on multiple social media platforms and has a live chatbot integrated on its website. All these features combined provide an esteemed and quick resolution experience to users who need assistance with their transactions or account.
Changelly vs. Shapeshift
Changelly and Shapeshift are two of the most popular cryptocurrency exchanges available today, so that is why Crypto Charity has compared the two. Both services offer users the ability to exchange cryptocurrencies, but there are some key differences between them. Changelly is cheaper than Shapeshift, but Shapeshift has a better reputation due to its openness about its business and people who run it. Changelly offers an instant exchange mechanism, allowing traders to convert cryptocurrencies within approx. 30 minutes. It also features an affiliate program which gives users 50% of the income incurred by traders invited on the platform for 90 days after registration. The platform provides access to 150+ cryptos and has partnered with Simplex to facilitate the trading procedure. Security features include two-factor authentication and transaction data verification through emails. Standard perks such as high limits, 24/7 support, and quick transactions are also available, making it a great choice for those looking for a secure and reliable crypto exchange service.
Frequently Asked Questions
Changelly is a cryptocurrency exchange based in Prague, Czech Republic that allows users to buy and sell over 150 different cryptocurrencies. One of the most convenient features of Changelly is that it accepts debit cards for cryptocurrency purchases. This makes it easy for users from any country and in any currency to purchase their desired cryptocurrency. Credit cards may get declined by the issuing bank, making debit cards a more reliable option.
The average Changelly transaction takes 5-30 minutes to complete, depending on the network congestion and other factors. Changelly also offers both fixed and floating exchange rates so users can choose which rate works best for them. Additionally, Changelly is available to Americans and allows them to buy Monero and over 150 other cryptocurrencies. With its user-friendly interface, fast transactions, and wide selection of coins, Changelly is an excellent choice for those looking to buy or sell digital currencies.
How Long Does Changelly Take to Exchange Between Cryptocurrencies?
The process is simple: sign up for an account, choose the cryptocurrency to exchange, click “Exchange now” and enter the address of your digital wallet. Once you’ve completed these steps, Changelly will take care of the rest.
Changelly services are quick, secure, and anonymous. They support several popular wallets including Edge, Coinomi, Exodus, Ledger, TREZOR, and Jaxx. Additionally, they offer a custom payment widget and API with Simplex to facilitate transactions with fiat currencies. However, verification may be required if suspicious activity is detected. All in all, Changelly makes it easy to exchange cryptocurrencies in just a few minutes without any hassle or worry about security.
Crypto Charity’s Verdict on Changelly
We can confirm that Changelly is a great choice for those looking to efficiently and securely exchange digital currencies. It offers an easy-to-use platform with fast transactions, a wide selection of coins, and support for popular wallets. Additionally, it accepts debit cards for cryptocurrency purchases and allows users to choose between fixed and floating exchange rates. We really like its user-friendly interface, fast transactions, and wide selection of coins. Crypto Charity concludes that Changelly is an excellent choice for those looking to buy or sell digital currencies.
