How Do I Move Currency From Coinbase To Changelly?

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Cryptocurrencies have become so popular that it’s not just a trend anymore. 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.

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.

Many users commented on how simple it was to use and how safe their transactions were. Moreover, they support up to 10 different cryptocurrencies!

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.

changelly-logo

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 How Do I Move Currency From Coinbase To Changelly?

Changelly started back in 2013 but gained traction during 2016. This was also the year that they were finally able to fully establish themselves. Apart from having more than 2 million users, their company is known for being free from hackings, frauds, and bugs.

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. The transactions you make with this platform are quick and easy.

They also have over 90 altcoins available for purchase or exchange. They also have a monthly turnover of 60,000 BTC.

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. 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. While this is understandable, it can take away a considerable portion of your profit.

Although this is a controversial topic to many, altcoins fees are one of the main reasons that 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. Moreover, they don’t charge 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. It can be confusing for users so be cautious. 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. 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.

How Do I Move Currency From Coinbase To Changelly?

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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.

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.

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?

Changelly imposed this rule to protect each user’s privacy. All you need to do is register using your email and add 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.

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.

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. You can exchange between different cryptocurrencies without having to undergo a lot of processes.

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.

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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. 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. You should also keep in mind that whatever bank payments or transactions you do should only be in Euros or US Dollars. The same goes whether your bank card is from a different 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. This can be adjusted to match the crypto you wish to purchase.

After everything is set up, you just need 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.

After 4 days, you would be allowed to buy your first translation. 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 bank transactions in 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?

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. How Do I Move Currency From Coinbase To Changelly?

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 is a cryptocurrency platform that uses AI to make the best out of trading. 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. How Do I Move Currency From Coinbase To Changelly?

The good news is that, even though there may be differences, these discrepancies are minimal. These estimates are close to the real.

Are accounts required?

Changelly does not require that you create an account in order to use their platform. This is to protect the privacy of each user.

When joining in, you won’t need to submit your personal information. 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. How Do I Move Currency From Coinbase To Changelly?

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
  • No need to register
  • Has 24/7 live support

Cons

  • Flat exchange fees are not applicable to any other type 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.

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. You only need to enter your email address and create a 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. How Do I Move Currency From Coinbase To Changelly?

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 How Do I Move Currency From Coinbase To Changelly?

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.

How long does it take for transactions to finish?

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

What currencies does Changelly support

Only US Dollars and Euros are accepted for cryptocurrency purchases.

Does Changelly have a withdrawal limit?

Changelly does not 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.

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