Cryptocurrencies are now a booming trend. It is now available in many countries and on different markets. It’s not surprising that so many cryptocurrency platforms have appeared over the years.
There are so many options, it can be difficult to choose the right one. Each platform has its own pros and cons as well as unique features.
Changelly is one the most well-known cryptocurrency platforms. They’ve been one of the most talked-about platforms across forums and social media.
Many users commented on how simple it was to use and how safe their transactions were. They support as many as 10 different cryptocurrency!
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 post is very long. This video is a better alternative. They also discuss Changelly. To see if Changelly is right for you, we recommend that you view their video.
If you prefer reading, we will start with Changelly’s overview and then move on to their features.
Before you go on, you may want to check out this video by Crypto Renegade on YouTube that gives a quick review. Afterward, you will want to read the rest of our article for a more comprehensive review.
Overview of Changelly Cant Buy Verge On Changelly
Changelly started back in 2013 but gained traction during 2016. This was also the year that they were finally able to fully establish themselves. 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 which is 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. This platform makes it easy and quick to make transactions.
Apart from that, they have more than 90 altcoins that can be bought or exchanged. They even have a 60,000 BTC monthly turnover.
Changelly does not hold liquidity. They are not a custodial exchange. They don’t require deposits.
What are its features?
This section will focus on what makes Changelly so special. 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. While this is understandable, it can take away a considerable portion of your profit.
Although it Is a controversial topic, flat exchange fees are the most significant reasons why so many people choose Changelly.
Their flat fee per trade is 0.5% according to the website. You will pay 0.5% for every trade between cryptocurrencies.
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.
However, this does not apply to their fiat currency trading. We recommend that users verify the fees before trading. Just be careful since it can be confusing to users. If you aren’t sure, you can always contact their support team.
Although that is the case, the good thing about Changelly is that it’s still the best for beginners. The exchange doesn’t have a confusing interface, and there are lesser location restrictions. Moreover, the 0.5% flat exchange fee is available for most of the trading styles.
Secures your Personal Information
Changelly’s main selling point has been security. They are known for exchanging altcoins without the need to add the user’s personal information. All users need to add is their email address, and everything is set.
Don’t be alarmed since your account won’t be easily hacked. They also employ a two-step authentication process so you can secure your transactions and your account. This simple step allows anyone to use their platform without compromising 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.
Is there a reason why Changelly doesn’t require personal information?
Changelly imposed this rule to protect each user’s privacy. All you need to do is register using your email and add a valid wallet address. You no longer need to submit your personal information that can be compromised.
However, you may need to add verification if you’re using a bank card to buy crypto. This will vary depending on which bank you use. This step is not necessary if you are going to convert crypto to crypto. For that, bank verification won’t be needed.
Supports many cryptocurrencies
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.
You can find the list of supported currencies on their website. 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. It is possible to exchange different currencies without going through a lot of steps.
You can also change between supported cryptocurrencies. If you want to suggest adding your token to Changelly, all you need to do is fill a form and send it to them.
Features a flexible Bitcoin buying system
Changelly supports as many as 90 cryptocurrency across the globe, as we have already mentioned. It’s not surprising that Changelly accepts a wide range of bank cards. You can also buy it either in US Dollars or Euros, depending on what currency your bank supports.
They accept most types of cards; however, they need to 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. All you need to do is go to Changelly’s homepage. On the left side, you’ll find the type of currency you have. You can choose to have it in USD or EUR. You can adjust this as well as the crypto you want to buy.
Once you have set up everything, all you need to do is to add the amount. Afterward, confirm the rate, and then you’re all done!
Is there a limit on the amount of transactions that can be made with bank cards?
If you’re planning to pay with bank cards, you will be imposed a limit on the first few transactions. If your bank is from Canada, the USA, or Australia, your trades will have a $50 limit on the first transaction.
Then, you’d be allowed to purchase your initial translation after 4 days. This time, you’d be allowed to have a $100 limit. You can only have a $500 limit for 7 days following your first 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. However, these won’t be necessary after the initial week. Currently, there are no payment limits per month.
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. Cant Buy Verge On 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. Afterward, they will convert it into crypto so they can send it to your second wallet.
Changelly is a cryptocurrency platform that uses AI to make the best out of trading. It can be integrated into trading platforms like Poloniex or Bittrex.
When trading, the AI can either search platforms or make a bid. After it finds the best rates, the AI will calculate and post the results on the official Changelly site.
The rates provided by the AI are only 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. Cant Buy Verge On Changelly
The good news is that, even though there may be differences, these discrepancies are minimal. The estimates are not too far off from the actual.
Are accounts necessary?
Changelly does not require that you create an account in order to use their platform. This is to protect the privacy of each user.
You won’t need to provide any personal information when you sign up. 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. Cant Buy Verge On Changelly
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
- Registration is not required
- Has 24/7 live support
- Flat exchange fees are not applicable to any other type of exchange
- It can be slow for some
Changelly is one the most recent crypto platforms. It is gaining popularity due to crypto’s increasing popularity and secure trading.
You won’t have to give them any personal information so there is no risk in trading. Moreover, you don’t need to register to start using their platform. All you need to do is to add your email and a credible 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 allows you to easily navigate and trade. You can also see past exchanges. Cant Buy Verge On Changelly
Changelly is the best choice if you are concerned about privacy and security. It’s also perfect for those who are planning to exchange using different cryptocurrencies. This is the best thing about it: they offer 24/7 customer support.
FAQ Cant Buy Verge On 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. Changelly will inform you if the minimum is too low. It will also depend on what cryptocurrency you’re using.
How long does it take for transactions to finish?
It takes around 5 to 30 minutes to process transactions. It takes longer to process transactions if the amount is higher.
What types of currencies does Changelly support?
You can only buy cryptocurrencies in US Dollars or Euros.
Is there a limit on the withdrawal amount for Changelly?
Changelly does not have a monthly withdrawal limit
What is a recipient’s address?
The recipient’s address will be your wallet’s address. This should be the address to which Changelly will send your cryptocurrency coins.