Changelly Vs Morphtoken

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. 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.

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. 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 discuss Changelly. To see if Changelly is right for you, we recommend that you view their video.

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

changelly-logo

Before you continue, 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 the article for a more comprehensive review of Changelly.

Overview of Changelly Changelly Vs Morphtoken

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, 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 not a custodial exchange. They don’t require deposits.

What are its key 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

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.

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.

It is lower than other cryptocurrency platforms. They don’t charge any additional fees. Every trade will result in a uniform deduction.

However, this does not apply to their fiat currency trading. We recommend that users verify the fees before trading. Just be careful since it can be confusing to users. If you aren’t sure, you can always contact their support team.

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. Moreover, the 0.5% flat exchange fee is available for most of the trading styles.

Changelly Vs Morphtoken

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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.

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.

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?

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. Your personal information is no longer required.

If you use a bank card to purchase crypto, however, you might need to add verification. This will vary depending on which bank you use. But this step is unnecessary if you’re going for crypto to crypto conversion. Bank verification is not required for this purpose.

Supports many cryptocurrencies

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.

You can find the list of supported currencies on their website. 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.

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. Having that feature, it’s no surprise that they accept a variety of bank cards. You can also buy it either in US Dollars or Euros, depending on what currency your bank supports.

They accept most types of cards; however, they need to be 3D-Secure. You should also keep in mind that whatever bank payments or transactions you do should only be in Euros or US Dollars. It doesn’t matter if your bank card comes from another region.

It is easy and fast to buy crypto. All you need to do is go to Changelly’s homepage. On the left side, you’ll find the type of currency you have. It’s either in EUR or USD. You can adjust this as well as the crypto you want to buy.

After everything is set up, you just need 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.

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. 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. Currently, there are no payment limits per month.

Litecoins-cryptocurrency

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How does Changelly work?

Changelly will allow each user one cryptocurrency wallet within the first week. 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 Vs Morphtoken

After everything is settled they will convert your money into the currency of your choice. Here they will charge a 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 can be integrated into trading platforms like Poloniex or 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 Vs Morphtoken

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 necessary?

Changelly does not require that you create an account in order 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 Vs Morphtoken

Pros and Cons

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.

Pros

  • Offers 0.5% flat exchange fee
  • No need to register
  • Has 24/7 live support

Cons

  • Flat exchange fees do not apply to other types of exchange
  • Some people may find it slow.

Last Thoughts

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. Moreover, you don’t need to register to start using 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 allows you to easily navigate and trade. You can also see past exchanges. Changelly Vs Morphtoken

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.

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FAQ Changelly Vs Morphtoken

Does Changelly have a maximum and a minimum amount?

Changelly does not currently have any restrictions on the maximum amount that you can exchange. Changelly will inform you if the minimum is too low. It will depend on which cryptocurrency you are using.

What is the average time it takes for transactions to be completed?

It takes around 5 to 30 minutes to process transactions. The higher the amount, the longer it will take.

What 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 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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