Changelly Increase Limit

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Cryptocurrencies have become so popular that it’s not just a trend anymore. 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.

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.

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. 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. We recommend you watch their video to get insights regarding if Changelly is perfect for you.

For those who prefer to read, let’s start with Changelly’s overview before going into their features.

changelly-logo

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 the article for a more comprehensive review.

Overview of Changelly Changelly Increase Limit

Changelly was founded in 2013, but began to gain traction in 2016. This was also the year that they were finally able to fully establish themselves. 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. It’s also one of the biggest reasons why so many users prefer 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 also have a monthly turnover of 60,000 BTC.

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. Many forums and groups share their appreciation for the unique features of Changelly.

Offers Flat Exchange Fees

Cryptocurrency platforms often add extra fees per 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.

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. 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. 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. 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.

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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. 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. 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.

Why is Changelly not requesting personal information?

Changelly imposed this rule to protect each user’s privacy. You only need to register with your email address and provide a valid wallet address. Your personal information is no longer required.

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. For that, bank verification won’t be needed.

Many cryptocurrencies supported

Many cryptocurrency platforms are focused on just a few. Changelly supports up to 90 cryptocurrency. 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. It is possible to exchange different currencies without going through a lot of steps.

They also allow you to change between their supported cryptocurrencies. You can suggest that Changelly add your token. All you have to do is complete a form and email it to them.

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Features a flexible Bitcoin buying system

As we mentioned before, Changelly supports up to 90 cryptocurrencies across the globe. 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 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.

The whole process for buying crypto is also seamless and quick. 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.

After everything is set up, you just need 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.

After 4 days, you would be allowed to buy your first translation. You’d then be allowed to purchase your initial translation up to $100. The $500 limit will only be allowed 7 days after your initial transaction.

Changelly will also limit your bank transactions during your first week. You can only make three payments in the first week after you join Changelly. These payments will not be required after the first week. There are currently no monthly payment limits.

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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 Increase Limit

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’s integrated on trading platforms such as Poloniex and Bittrex.

When trading, the AI can either search platforms or make a bid. 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 Increase Limit

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 Increase Limit

Here’s a summary of the advantages and disadvantages of using Changelly. This will help you decide if it is right for you.

Pros

  • Offers 0.5% flat exchange fee
  • Registration is not required
  • 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 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. 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 see your past exchanges too. Changelly Increase Limit

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 Increase Limit

Does Changelly have a maximum and a minimum amount?

Currently, Changelly doesn’t have restrictions regarding the maximum amount you can exchange. Changelly will inform you if the minimum is too low. It will depend on which cryptocurrency you are using.

What is the average time it takes for transactions to be completed?

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?

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?

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

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