Changelly Tenx

changelly-review

Cryptocurrencies are now a booming trend. 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 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.

Most users have commented how easy it is to use and how secure their transactions are. They support as many as 10 different cryptocurrency!

We will be looking at Changelly and its many features. We’ll also be talking about how it can be used and what makes it unique.

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.

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

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

Overview of Changelly Changelly Tenx

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.

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. Moreover, they have policies that support trustworthiness and fairness. This platform makes it easy and quick to make transactions.

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 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.

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 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. 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.

This does not apply to fiat currency trading. We recommend that users verify the fees before trading. Just be careful since it can be confusing to users. 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. There are fewer restrictions on where you can trade and the exchange interface is simple. Moreover, the 0.5% flat exchange fee is available for most of the trading styles.

Changelly Tenx

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Secures your Personal Information

Security has always been Changelly’s key selling point. 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. 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.

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. 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 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.

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.

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. 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.

cryptocurrency-monitoring

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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 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. 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. You’ll see the type of currency that you have on the left. 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. 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. 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. 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. Currently, there are no payment limits per month.

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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 Tenx

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’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. 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 Tenx

But the good news is that even if there are differences, the discrepancies are just 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.

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 Tenx

Pros and Cons

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 do not apply to other types of exchange
  • It can be slow for some

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.

You won’t have to give them any personal information so there is no risk in trading. 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 makes it easy to navigate the platform and trade. You can also see past exchanges. Changelly Tenx

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. The best part about this is that they have 24/7 customer support.

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FAQ Changelly Tenx

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.

How long does it take for transactions to finish?

It takes around 5 to 30 minutes to process transactions. 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 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.

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