Changelly For Bitcoin

changelly-review

Cryptocurrencies are now a booming trend. 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 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 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.

If you prefer reading, we will start with Changelly’s overview and then move on to their features.

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Before you continue, you may want to check out this video by Crypto Renegade on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of our article for a more comprehensive review.

Overview of Changelly Changelly For Bitcoin

Changelly was founded in 2013, but began to gain traction in 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 which is a well-established mining pool.

Its impeccable track record is one the most appealing 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.

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 doesn’t hold liquidity. They are a non-custodial exchange. This also means that 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

Many cryptocurrency platforms charge extra for each 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. They don’t charge any additional fees. Every trade will result in a uniform deduction.

However, this does not apply to their 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.

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.

Changelly For Bitcoin

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Secures your Personal Information

Changelly’s main selling point has been security. You can exchange altcoins with them without having to provide any 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. 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. 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.

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. 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. Among those 90, you’ll find the following:

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. If you want to suggest adding your token to Changelly, all you need to do is fill a form and send it to them.

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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 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. It doesn’t matter if your bank card comes from another region.

It is easy and fast to buy crypto. 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. You can adjust this as well as the crypto you want to buy.

After everything is set up, you just need 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?

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. You can only have a $500 limit for 7 days following your first transaction.

Changelly will also limit your bank transactions during 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.

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How does Changelly work?

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 compare rates across different cryptocurrency exchanges to find the best. Changelly For Bitcoin

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

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

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 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. 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 For Bitcoin

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.

Pros

  • Offers 0.5% flat exchange fee
  • Registration is not required
  • Has 24/7 live support

Cons

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

Final Thoughts

Changelly is one of the newest 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. 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 For Bitcoin

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. This is the best thing about it: they offer 24/7 customer support.

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FAQ Changelly For Bitcoin

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?

It takes around 5 to 30 minutes to process transactions. The higher the amount, the longer it will take.

What currencies does Changelly support

You can only buy cryptocurrencies in US Dollars or Euros.

Does Changelly have a withdrawal limit?

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.

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