Changelly Convert Bitcoin To Ether

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Cryptocurrencies have become so popular that it’s not just a trend anymore. It has finally reached different countries across 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 of the most popular cryptocurrency platforms right now. 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. Moreover, they support up to 10 different cryptocurrencies!

We will be looking at Changelly and its many 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 cover good points regarding 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.

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Before you go on, you may want to watch this video by Crypto Renegade on YouTube that gives a quick overview. After, you will want to read the rest of our article for a more comprehensive review of Changelly.

Overview of Changelly Changelly Convert Bitcoin To Ether

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.

Their spotless track record is one of the most attractive features. This is also why many users love it. They also have policies that promote trustworthiness, fairness, and transparency. 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. This also means that they don’t require deposits.

What are its 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

Many cryptocurrency platforms charge extra for each 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.

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. That’s why we recommend users check first about 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.

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. The 0.5% flat exchange fee applies to most trading styles.

Changelly Convert Bitcoin To Ether

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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.

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. This simple step allows anyone to use their platform without compromising their security.

You can also retrieve your password if you forget it. They can send you the information via 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. 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.

Many cryptocurrencies supported

Many cryptocurrency platforms are focused on just a few. 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. 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.

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.

cryptocurrency-monitoring

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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. 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. 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.

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. After you confirm the rate, you are done!

Are there Transaction Limits on 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.

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. However, these won’t be necessary after the initial week. There are currently no monthly payment limits.

Litecoins-cryptocurrency

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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 Convert Bitcoin To Ether

After everything is settled they will convert your money into the currency of your choice. 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.

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.

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. Don’t be surprised that the transaction rates may differ from the calculation. Changelly Convert Bitcoin To Ether

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 doesn’t require you to create an account to use their platform. They’ve done this to ensure they can protect each user’s privacy.

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 Convert Bitcoin To Ether

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.

Pros

  • Offers 0.5% flat exchange fee
  • No need to register
  • Live support available 24/7

Cons

  • Flat exchange fees are not applicable to any other type of exchange
  • Some people may find it slow.

Final Thoughts

Changelly is one the most recent 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. 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.

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 Convert Bitcoin To Ether

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.

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FAQ Changelly Convert Bitcoin To Ether

Does Changelly have a maximum and a minimum amount?

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 also depend on what cryptocurrency you’re using.

How long does it take for transactions to finish?

Transactions take between 5 and 30 minutes. 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.

Is there a limit on the withdrawal amount for Changelly?

Changelly does not have a monthly withdrawal limit

What is the address of a recipient?

Your wallet address will be the recipient’s address. It should be where Changelly will send your crypto coins to.

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