Cryptocurrencies have become so popular that it’s not just a trend anymore. 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.
There are so many options, it can be difficult to choose the right one. Each platform has its pros and cons, as well as its distinct 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.
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 post is very long. If you prefer to watch instead, then check out this video. 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 will want to read the rest of the article for a more comprehensive review of Changelly.
Overview of Changelly Changelly Btc To Xrp Delay
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, a well-established mining pool.
Its impeccable track record is one the most appealing features. This is also why many users love it. They also have policies that promote trustworthiness, fairness, and transparency. 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 a non-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.
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 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. You will pay 0.5% for every trade between cryptocurrencies.
It is lower than other cryptocurrency platforms. They don’t charge any additional fees. Every trade will result in a uniform deduction.
This does not apply to fiat currency trading. We recommend that users verify the fees before trading. It can be confusing for users so be cautious. 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. 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. Users only need to enter their email address and all is well.
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. The simple step they added allows anyone to use the platform without risking their security.
You can also retrieve your password if you forget it. They can send you the information via email.
Is there a reason why Changelly doesn’t require 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. 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. But this step is unnecessary if you’re going for crypto to crypto conversion. Bank verification is not required for this purpose.
Supports many cryptocurrencies
Many cryptocurrency platforms are focused on just a few. Changelly supports up to 90 cryptocurrency. Their choices are more diverse, so there are fewer limits when it comes to buying and selling crypto.
You can find the list of supported currencies on their website. These are some of the supported currencies you will find:
Because they have one of the most extensive lists for a crypto platform, changing between them is also easy. You can exchange between different cryptocurrencies without having to undergo a lot of processes.
They also allow you to change between their 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
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. You should also keep in mind that whatever bank payments or transactions you do should only be in Euros or US Dollars. The same goes whether your bank card is from a different region.
It is easy and fast to buy crypto. Simply visit Changelly’s homepage. You’ll see the type of currency that you have on the left. It’s either in EUR or USD. This can be adjusted to match the crypto you wish to purchase.
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!
Are there Transaction Limits on Bank Cards?
If you’re planning to pay with bank cards, you will be imposed a limit on the first few transactions. Your trades with banks from Canada, Australia, and the USA will be subject to a $50 limit.
Then, you’d be allowed to purchase your initial translation after 4 days. You’d then be allowed to purchase your initial translation up to $100. 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. There are currently no monthly payment limits.
In the first week, Changelly allows each user to have one crypto wallet. They will decide which crypto trade is best for you based on the amount and type of cryptocurrency that you have. It will search for the best rates within different cryptocurrency exchanges. Changelly Btc To Xrp Delay
Once everything is settled, they will convert the money into the currency you chose. This is where they charge their 0.5% flat exchange fee. They will then convert it into crypto and send it to your second account.
Changelly is a cryptocurrency platform that uses AI to make the best out of trading. It’s integrated on trading platforms such as Poloniex and Bittrex.
The AI can search for platforms and make bids when trading. 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. Changelly Btc To Xrp Delay
But the good news is that even if there are differences, the discrepancies are just 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. All you need is your email and a valid wallet address.
However, you may need to undergo a verification process if you’re buying using your bank card. Changelly Btc To Xrp Delay
Pros and Cons
Below is a list of all the benefits and drawbacks to using Changelly. This will help you decide if it is right for you.
- 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
- Some people may find it slow.
Changelly is one of the newest crypto platforms. It’s gaining popularity because crypto has become more popular and because they offer secure trading.
They don’t ask for your personal information, so you won’t be risking much whenever you trade. You don’t even need to register in order to use their platform. All you need to do is to add your email and a credible digital wallet. As long as you have these, then you’ll be good to go.
They also offer a simple interface for users to use the platform. It allows you to easily navigate and trade. You can also see past exchanges. Changelly Btc To Xrp Delay
Changelly is the best choice if you are concerned about privacy and security. Changelly is also ideal for people who plan to exchange different cryptocurrency. This is the best thing about it: they offer 24/7 customer support.
FAQ Changelly Btc To Xrp Delay
Does Changelly have a maximum and a minimum amount?
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.
What is the average time it takes for transactions to be completed?
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?
Only US Dollars and Euros are accepted for cryptocurrency purchases.
Does Changelly have a withdrawal limit?
Changelly doesn’t have a monthly withdrawal limit.
What is a recipient’s address?
The recipient’s address will be your wallet’s address. It should be where Changelly will send your crypto coins to.