Cryptocurrencies are now a booming trend. It is now available in many countries and on 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.
Many users commented on how simple it was to use and how safe their transactions were. Moreover, they support up to 10 different cryptocurrencies!
We’ll be taking a closer look into Changelly and all its features. We’ll also be talking about how it can be used and what makes it unique.
This post is very long. If you prefer to watch instead, then check out this video. They also discuss Changelly. To see if Changelly is right for you, we recommend that you view their video.
For those who prefer to read, let’s start with Changelly’s overview before going into their features.
Before you go on, 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.
Overview of Changelly Changelly Charges 25%
Changelly was founded in 2013, but began to gain traction in 2016. They were also able to establish themselves fully in 2016. Apart from having more than 2 million users, their company is known for being free from hackings, frauds, and bugs.
They are also associated with MinerGate which is a well-established mining pool.
Its impeccable track record is one the most appealing features. This is also why many users love it. Moreover, they have policies that support trustworthiness and fairness. The transactions you make with this platform are quick and easy.
Apart from that, they have more than 90 altcoins that can be bought or exchanged. They also have a monthly turnover of 60,000 BTC.
Changelly does not hold liquidity. They are a non-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. So every time you trade between cryptocurrencies, 0.5% of that will be deducted from you.
It is lower than other cryptocurrency platforms. They don’t charge any additional fees. You can expect a uniform deduction every time you trade.
However, this does not apply to their fiat currency trading. That’s why we recommend users check first about the fees before trading. It can be confusing for users so be cautious. If you aren’t sure, you can always contact their support team.
Despite this being the case, Changelly’s best feature is that it is still easy to use 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. You can also protect your account and transactions with their two-step authentication process. 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.
If you use a bank card to purchase crypto, however, you might need to add verification. 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
Cryptocurrency platforms often focus on just a handful. With Changelly, they can support up to 90 cryptocurrencies. 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. Among those 90, you’ll find the following:
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. 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
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. 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. It doesn’t matter if your bank card comes from another 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. You can choose to have it in USD or EUR. 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. 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. 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. In total, you can only make 3 payments on the first week you’ve joined in. These payments will not be required after the first week. Currently, there are no payment limits per month.
How does Changelly work?
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. Changelly Charges 25%
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, a cryptocurrency platform that makes trading easier by using AI. It’s integrated on trading platforms such as Poloniex and Bittrex.
The AI can search for platforms and make bids when trading. 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. There may be slight variations in the transaction depending on how you proceed with the exchange. So don’t be surprised if the rates aren’t the same as the computation. Changelly Charges 25%
The good news is that, even though there may be differences, these discrepancies are minimal. These estimates are close to the real.
Are accounts necessary?
Changelly doesn’t require you to create an account 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.
If you are buying with your bank card, however, you might need to go through a verification process. Changelly Charges 25%
Pros and Cons
Here’s a summary of the advantages and disadvantages of 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
- Some people may find it slow.
Changelly is one the most recent crypto platforms. It is gaining popularity due to crypto’s increasing popularity and 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. You only need to enter your email address and create a digital wallet. As long as you have these, then you’ll be good to go.
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. Changelly Charges 25%
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. The best part about this is that they have 24/7 customer support.
FAQ Changelly Charges 25%
Is there a maximum or minimum amount that Changelly can accept?
Currently, Changelly doesn’t have restrictions regarding the maximum amount you can exchange. As for the minimum, Changelly will notify you if it’s too low. It will also depend on what cryptocurrency you’re using.
How long does it take for transactions to finish?
Transactions take between 5 and 30 minutes. The higher the amount, the longer it will take.
What types of currencies does Changelly support?
Only US Dollars and Euros are accepted for cryptocurrency purchases.
Is there a limit on the withdrawal amount for Changelly?
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.