Cryptocurrencies are now a booming trend. It has finally reached different countries across different markets. That’s why it’s no surprise that many cryptocurrency platforms have popped up over the years.
But with so many available, choosing the right one can get tricky. Each platform has its own pros and cons as well as unique features.
Changelly is one the most well-known cryptocurrency platforms. They are one of the most popular platforms on social media and forums.
Most users have commented how easy it is to use and how secure their transactions are. Moreover, they support up to 10 different cryptocurrencies!
We’ll be taking a closer look into Changelly and all its features. Apart from that, we’ll be discussing what makes it different and how you can use it.
This is quite a long post. This video is a better alternative. They also discuss Changelly. We recommend you watch their video to get insights regarding if Changelly is perfect for you.
If you prefer reading, we will start with Changelly’s overview and then move on to their features.
Before you continue, you may want to watch this video by Crypto Renegade on YouTube that gives a quick review. Afterward, you’ll want to read the rest of the article for a more comprehensive review.
Overview of Changelly Buy Ripple With Changelly
Changelly started back in 2013 but gained traction during 2016. They were also able to establish themselves fully in 2016. Their company has more than 2,000,000 users and is well-known for not being hacked, fraudulent, or bugged.
They are also associated with MinerGate, a well-established mining pool.
Their spotless track record is one of the most attractive features. It’s also one of the biggest reasons why so many users prefer it. Moreover, they have policies that support trustworthiness and fairness. The transactions you make with this platform are quick and easy.
They also have over 90 altcoins available for purchase or exchange. They even have a 60,000 BTC monthly turnover.
Changelly doesn’t hold liquidity. They are not a custodial exchange. This also means that they don’t require deposits.
What are its key features?
In this section, we’ll be looking into what makes Changelly unique. Most forums and groups often share how the platform has some of the most remarkable features.
Offers Flat Exchange Fees
Cryptocurrency platforms often add extra fees per transaction. Although this is understandable, it can reduce your profits by a significant amount.
Although this is a controversial topic to many, altcoins fees are one of the main reasons that so many people choose Changelly.
The website states that their flat fee is 0.5% per trade. So every time you trade between cryptocurrencies, 0.5% of that will be deducted from you.
The rate is not as high compared to other cryptocurrency platforms. Moreover, they don’t charge additional fees. You can expect a uniform deduction every time you trade.
This does not apply to fiat currency trading. That’s why we recommend users check first about the fees before trading. Just be careful since it can be confusing to users. You can always reach their support team if you’re not sure.
Despite this being the case, Changelly’s best feature is that it is still easy to use for beginners. There are fewer restrictions on where you can trade and the exchange interface is simple. The 0.5% flat exchange fee applies to most trading styles.
Secures your Personal Information
Security has always been Changelly’s key selling point. They are known for exchanging altcoins without the need to add the user’s personal information. Users only need to enter their email address and all is well.
But for those worried if this makes your account easy to hack, don’t worry. They also employ a two-step authentication process so you can secure your transactions and your account. The simple step they added allows anyone to use the platform without risking their security.
If you forget your account’s password, you can also recover it since they can send you what you need to do through your email.
Why is Changelly not requesting personal information?
This rule was put in place by Changelly to protect the privacy of each user. You only need to register with your email address and provide a valid wallet address. Your personal information is no longer required.
If you use a bank card to purchase crypto, however, you might need to add verification. This may also vary, depending on the bank you’re using. But this step is unnecessary if you’re going for crypto to crypto conversion. Bank verification is not required for this purpose.
Many cryptocurrencies supported
Cryptocurrency platforms often focus on just a handful. With Changelly, they can support up to 90 cryptocurrencies. Because their choices are wider, there are less restrictions when it comes to selling and buying crypto.
If you want to find out which those 90 are, just go ahead and look it up on their Supported Currencies page. These are some of the supported currencies you will find:
They have the largest list of crypto platforms, making it easy to exchange between them. You can exchange between different cryptocurrencies without having to undergo a lot of processes.
They also allow you to change between their supported cryptocurrencies. You can suggest that Changelly add your token. All you have to do is complete a form and email it to them.
Includes a Flexible Bitcoin Buying System
As we mentioned before, Changelly supports up to 90 cryptocurrencies across the globe. Having that feature, it’s no surprise that they accept a variety of bank cards. It can be purchased in US Dollars or Euros depending on which currency your bank supports.
They will accept most cards, but they must be 3D Secure. Keep in mind, however, that any bank transactions or payments you make should be made in Euros and US Dollars. The same goes whether your bank card is from a different region.
The whole process for buying crypto is also seamless and quick. Simply visit Changelly’s homepage. On the left side, you’ll find the type of currency you have. It’s either in EUR or USD. This can be adjusted to match the crypto you wish to purchase.
After everything is set up, you just need to add the amount. After you confirm the rate, you are done!
Is there a limit on the amount of transactions that can be made with bank cards?
You will have to limit the number of transactions you make with your bank card if you plan on paying by it. If your bank is from Canada, the USA, or Australia, your trades will have a $50 limit on the first transaction.
After 4 days, you would be allowed to buy your first translation. This time, you’d be allowed to have a $100 limit. The $500 limit will only be allowed 7 days after your initial transaction.
Changelly will also limit bank transactions in your first week. You can only make three payments in the first week after you join Changelly. These payments will not be required after the first week. There are currently no monthly payment limits.
In the first week, Changelly allows each user to have one crypto wallet. They will choose which crypto trade would be best at the given time using the amount you specified along with the type of cryptocurrency you’re using. It will search for the best rates within different cryptocurrency exchanges. Buy Ripple With Changelly
Once everything is settled, they will convert the money into the currency you chose. Here they will charge a 0.5% flat exchange fee. They will then convert it into crypto and send it to your second account.
Changelly, a cryptocurrency platform that makes trading easier by using AI. It’s integrated on trading platforms such as Poloniex and Bittrex.
When trading, the AI can either search platforms or make a bid. Once it searches for the best available rates, it will estimate and post it on the official Changelly website.
However, the rates are just the AI’s best estimates. Once you push through with the exchange, there may be slight differences in the transaction. So don’t be surprised if the rates aren’t the same as the computation. Buy Ripple With Changelly
But the good news is that even if there are differences, the discrepancies are just minimal. These estimates are close to the real.
Are accounts required?
Changelly does not require that you create an account in order to use their platform. They’ve done this to ensure they can protect each user’s privacy.
When joining in, you won’t need to submit your personal information. You will only need your email address and a valid wallet address to join.
If you are buying with your bank card, however, you might need to go through a verification process. Buy Ripple With Changelly
Pros and Cons
Below is a list of all the benefits and drawbacks to using Changelly. This list should make it easier for you to decide whether it’s right for you or not.
- Offers 0.5% flat exchange fee
- No need to register
- Has 24/7 live support
- Flat exchange fees do not apply to other types of exchange
- It can be slow for some
Changelly is one the most recent crypto platforms. It’s gaining popularity because crypto has become more popular and because they offer secure trading.
You won’t have to give them any personal information so there is no risk in trading. You don’t even need to register in order to use their platform. You only need to enter your email address and create a digital wallet. These are all you need to be able to use your digital wallet.
In terms of using the platform, they also have a clean interface. It makes it easy to navigate the platform and trade. You can also see past exchanges. Buy Ripple With Changelly
In summary, Changelly is perfect for you if your primary concern is security and privacy. Changelly is also ideal for people who plan to exchange different cryptocurrency. The best part about this is that they have 24/7 customer support.
FAQ Buy Ripple With Changelly
Is there a maximum or minimum amount that Changelly can accept?
Changelly does not currently have any restrictions on the maximum amount that you can exchange. As for the minimum, Changelly will notify you if it’s too low. It will depend on which cryptocurrency you are using.
What is the average time it takes for transactions to be completed?
Transactions take between 5 and 30 minutes. The higher the amount, the longer it will take.
What currencies does Changelly support
Only US Dollars and Euros are accepted for cryptocurrency purchases.
Does Changelly have a withdrawal limit?
Changelly does not have a monthly withdrawal limit
What is a recipient’s address?
Your wallet address will be the recipient’s address. This should be the address to which Changelly will send your cryptocurrency coins.