Cryptocurrencies have become so popular that it’s not just a trend anymore. It has finally reached different countries across 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’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 post is very long. This video is a better alternative. 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.
Before you continue, you may want to check out this video by Crypto Renegade on YouTube that gives a quick overview. After, you will want to read the rest of the article for a more comprehensive review of Changelly.
Overview of Changelly Changelly Ui Code
Changelly started back in 2013 but gained traction during 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 which is 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 even have a 60,000 BTC monthly turnover.
Changelly does not 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. Most forums and groups often share how the platform has some of the most remarkable features.
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 it Is a controversial topic, flat exchange fees are the most significant reasons why so many people choose Changelly.
The website states that their flat fee is 0.5% per trade. You will pay 0.5% for every trade between cryptocurrencies.
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.
This does not apply to 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. There are fewer restrictions on where you can trade and the exchange interface is simple. The 0.5% flat exchange fee applies to most trading styles.
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.
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. 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?
This rule was put in place by Changelly to protect the privacy of each user. 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.
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:
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.
Features a flexible Bitcoin buying system
Changelly supports as many as 90 cryptocurrency across the globe, as we have already mentioned. 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 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. It doesn’t matter if your bank card comes from another 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. It’s either in EUR or USD. 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. After you confirm the rate, you are 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.
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. There are currently no monthly payment limits.
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 search for the best rates within different cryptocurrency exchanges. Changelly Ui Code
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.
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.
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 Ui Code
But the good news is that even if there are differences, the discrepancies are just 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. You will only need your email address and a valid wallet address to join.
If you are buying with your bank card, however, you might need to go through a verification process. Changelly Ui Code
Below is a list of all the benefits and drawbacks to using Changelly. This will help you decide if it is right for you.
- Offers 0.5% flat exchange fee
- Registration is not required
- Live support available 24/7
- Flat exchange fees are not applicable to any other type of exchange
- It can be slow for some
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. 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 makes it easy to navigate the platform and trade. You can also see past exchanges. Changelly Ui Code
In summary, Changelly is perfect for you if your primary concern is security and privacy. 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 Ui Code
Does Changelly have a maximum and a minimum amount?
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?
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?
Only US Dollars and Euros are accepted for cryptocurrency purchases.
Is there a limit on the withdrawal amount for Changelly?
Changelly doesn’t have a monthly withdrawal limit.
What is the address of a recipient?
Your wallet address will be the recipient’s address. It should be where Changelly will send your crypto coins to.