Cryptocurrencies have become so popular that it’s not just a trend anymore. It is now available in many countries and on different markets. It’s not surprising that so many cryptocurrency platforms have appeared over the years.
But with so many available, choosing the right one can get tricky. Each platform has its pros and cons, as well as its distinct 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. 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 go on, you may want to watch 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 Please Try Again Later
Changelly started back in 2013 but gained traction during 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, 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.
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. 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.
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 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.
The rate is not as high compared to other cryptocurrency platforms. Moreover, they don’t charge additional fees. Every trade will result in a uniform deduction.
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. 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.
Secures your Personal Information
Security has always been Changelly’s key selling point. 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.
But for those worried if this makes your account easy to hack, don’t worry. You can also protect your account and transactions with their two-step authentication process. 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?
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. 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 may also vary, depending on the bank you’re using. But this step is unnecessary if you’re going for crypto to crypto conversion. For that, bank verification won’t be needed.
Supports many cryptocurrencies
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.
If you want to find out which those 90 are, just go ahead and look it up on their Supported Currencies page. 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.
Features 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. Keep in mind, however, that any bank transactions or payments you make should be made in Euros and 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. On the left side, you’ll find the type of currency you have. 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!
Is there a limit on the amount of transactions that can be made with bank cards?
If you’re planning to pay with bank cards, you will be imposed a limit on the first few transactions. If your bank is from Canada, the USA, or Australia, your trades will have a $50 limit on the first transaction.
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. 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. These payments will not be required after the first week. There are currently no monthly payment limits.
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 search for the best rates within different cryptocurrency exchanges. Changelly Please Try Again Later
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. Afterward, they will convert it into crypto so they can send it to your second wallet.
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 Please Try Again Later
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. This is to protect the privacy of each user.
You won’t need to provide any personal information when you sign up. You will only need your email address and a valid wallet address to join.
However, you may need to undergo a verification process if you’re buying using your bank card. Changelly Please Try Again Later
Below is a list of all the benefits and drawbacks to 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
- Live support available 24/7
- Flat exchange fees are not applicable to any other type of exchange
- Some people may find it slow.
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. 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 see your past exchanges too. Changelly Please Try Again Later
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 Please Try Again Later
Is there a maximum or minimum amount that Changelly can accept?
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 also depend on what cryptocurrency you’re using.
What is the average time it takes for transactions to be completed?
Transactions take between 5 and 30 minutes. The higher the amount, the longer it will take.
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 doesn’t have a monthly withdrawal limit.
What is a recipient’s address?
Your wallet address will be the recipient’s address. This should be the address to which Changelly will send your cryptocurrency coins.