Como Funciona Changelly

changelly-review

Cryptocurrencies are now a booming trend. It has finally reached different countries across different markets. That’s why it’s no surprise that many cryptocurrency platforms have popped up over the years.

There are so many options, it can be difficult to choose the right one. Each platform has its pros and cons, as well as its distinct 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. Moreover, they support up to 10 different cryptocurrencies!

We’ll be taking a closer look into Changelly and all its 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.

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 watch this video by Crypto Renegade on YouTube that gives a quick overview. Afterward, you’ll want to read the rest of the article for a more comprehensive review.

Overview of Changelly Como Funciona Changelly

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.

Its impeccable track record is one the most appealing 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 even have a 60,000 BTC monthly turnover.

Changelly does not hold liquidity. They are a non-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.

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.

Their flat fee per trade is 0.5% according to the website. You will pay 0.5% for every trade between cryptocurrencies.

It is lower than other cryptocurrency platforms. They don’t charge any 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. Just be careful since it can be confusing to users. 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.

Como Funciona Changelly

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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.

Don’t be alarmed since your account won’t be easily hacked. 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?

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. This step is not necessary if you are going to convert crypto to crypto. Bank verification is not required for this purpose.

Supports many cryptocurrencies

Many cryptocurrency platforms are focused on just a few. Changelly supports up to 90 cryptocurrency. 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.

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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. You can also buy it either in US Dollars or Euros, depending on what 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. The same goes whether your bank card is from a different region.

It is easy and fast to buy crypto. Simply visit Changelly’s homepage. On the left side, you’ll find the type of currency you have. It’s either in EUR or USD. 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!

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. This time, you’d be allowed to have a $100 limit. 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. These payments will not be required after the first 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. Como Funciona Changelly

Once everything is settled, they will convert the money into the currency you chose. 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.

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.

The rates provided by the AI are only estimates. Once you push through with the exchange, there may be slight differences in the transaction. So don’t be surprised if the rates aren’t the same as the computation. Como Funciona Changelly

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 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. Como Funciona Changelly

Pros and Cons

Here’s a summary of the advantages and disadvantages of using Changelly. This will help you decide if it is right for you.

Pros

  • Offers 0.5% flat exchange fee
  • Registration is not required
  • Live support available 24/7

Cons

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

Last Thoughts

Changelly is one the most recent crypto platforms. It is gaining popularity due to crypto’s increasing popularity and 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 allows you to easily navigate and trade. You can also see past exchanges. Como Funciona Changelly

In summary, Changelly is perfect for you if your primary concern is security and privacy. Changelly is also ideal for people who plan to exchange different cryptocurrency. This is the best thing about it: they offer 24/7 customer support.

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FAQ Como Funciona Changelly

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 also depend on what cryptocurrency you’re using.

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

Transactions take between 5 and 30 minutes. It takes longer to process transactions if the amount is higher.

What 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?

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

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