Changelly Steemit Craig Grant

changelly-review

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.

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 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. They support as many as 10 different cryptocurrency!

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 is quite a long post. If you prefer to watch instead, then check out this video. 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 continue, you may want to check out this video by Crypto Renegade on YouTube that gives a quick overview. Afterward, you will want to read the rest of our article for a more comprehensive review of Changelly.

Overview of Changelly Changelly Steemit Craig Grant

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. It’s also one of the biggest reasons why so many users prefer 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. 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. 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.

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.

It is lower than 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. We recommend that users verify 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.

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

Changelly Steemit Craig Grant

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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. 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. 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.

If you forget your account’s password, you can also recover it since they can send you what you need to do through your email.

Why is Changelly not requesting personal information?

Changelly imposed this rule to protect each user’s privacy. 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 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

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:

Because they have one of the most extensive lists for a crypto platform, changing between them is also easy. 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.

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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. 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. Keep in mind, however, that any bank transactions or payments you make should be made in Euros and 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. 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!

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.

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. In total, you can only make 3 payments on the first week you’ve joined in. However, these won’t be necessary after the initial 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 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 compare rates across different cryptocurrency exchanges to find the best. Changelly Steemit Craig Grant

Once everything is settled, they will convert the money into the currency you chose. 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, a cryptocurrency platform that makes trading easier by using AI. It can be integrated into trading platforms like Poloniex or Bittrex.

The AI can search for platforms and make bids when trading. After it finds the best rates, the AI will calculate and post the results on the official Changelly site.

The rates provided by the AI are only estimates. Once you push through with the exchange, there may be slight differences in the transaction. Don’t be surprised that the transaction rates may differ from the calculation. Changelly Steemit Craig Grant

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 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. 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 Steemit Craig Grant

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
  • Has 24/7 live support

Cons

  • Flat exchange fees are not applicable to any other type of exchange
  • It can be slow for some

Final Thoughts

Changelly is one of the newest 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.

They also offer a simple interface for users to use the platform. It makes it easy to navigate the platform and trade. You can also see past exchanges. Changelly Steemit Craig Grant

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

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FAQ Changelly Steemit Craig Grant

Is there a maximum or minimum amount that Changelly can accept?

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 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. 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 does not have a monthly withdrawal limit

What is the address of a recipient?

Your wallet address will be the recipient’s address. This should be the address to which Changelly will send your cryptocurrency coins.

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