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.
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 of the most popular cryptocurrency platforms right now. They are one of the most popular platforms on social media and forums.
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 discuss 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.
Before you go on, you may want to check out this video by Crypto Renegade on YouTube that gives a quick review. After, you will want to read the rest of the article for a more comprehensive review of Changelly.
Overview of Changelly Changelly To Ledger Nano S
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. 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. This is also why many users love it. Moreover, they have policies that support trustworthiness and fairness. 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 also have a monthly turnover of 60,000 BTC.
Changelly doesn’t hold liquidity. They are not a 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. Many forums and groups share their appreciation for the unique features of Changelly.
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 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. 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.
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. The 0.5% flat exchange fee applies to most 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.
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.
Is there a reason why Changelly doesn’t require 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.
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. 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. 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.
If you want to find out which those 90 are, just go ahead and look it up on their Supported Currencies page. These are some of the supported currencies you will find:
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. 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
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. 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. This can be adjusted to match the crypto you wish to purchase.
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!
Are there Transaction Limits on Bank Cards?
You will have to limit the number of transactions you make with your bank card if you plan on paying by it. If your bank is from Canada, the USA, or Australia, your trades will have a $50 limit on the first transaction.
After 4 days, you would be allowed to buy your first translation. 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 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. Currently, there are no payment limits per month.
How does Changelly work?
Changelly will allow each user one cryptocurrency wallet within the first week. 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 To Ledger Nano S
Once everything is settled, they will convert the money into the currency you chose. This is where they charge their 0.5% flat exchange fee. They will then convert it into crypto and send it to your second account.
Changelly, a cryptocurrency platform that makes trading easier by using AI. It’s integrated on trading platforms such as Poloniex and 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.
The rates provided by the AI are only estimates. There may be slight variations in the transaction depending on how you proceed with the exchange. So don’t be surprised if the rates aren’t the same as the computation. Changelly To Ledger Nano S
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 To Ledger Nano S
Here’s a summary of the advantages and disadvantages of using Changelly. This will help you decide if it is right for you.
- Offers 0.5% flat exchange fee
- Registration is not required
- Has 24/7 live support
- Flat exchange fees are not applicable to any other type of exchange
- It can be slow for some
Changelly is one of the newest 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. You only need to enter your email address and create a digital wallet. These are all you need to be able to use your digital wallet.
In terms of using the platform, they also have a clean interface. It allows you to easily navigate and trade. You can see your past exchanges too. Changelly To Ledger Nano S
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.
FAQ Changelly To Ledger Nano S
Does Changelly have a maximum and a minimum amount?
Currently, Changelly doesn’t have restrictions regarding the maximum amount 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?
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.
Does Changelly have a withdrawal limit?
Changelly does not 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.