How Does Changelly Exchange Work

changelly-review

Cryptocurrencies are now a booming trend. It is now available in many countries and on 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 own pros and cons as well as unique features.

Changelly is one the most well-known cryptocurrency platforms. 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. 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.

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

changelly-logo

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

Overview of Changelly How Does Changelly Exchange Work

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 which is 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 even have a 60,000 BTC monthly turnover.

Changelly doesn’t 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.

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.

The website states that their flat fee is 0.5% per trade. 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.

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.

Although that is the case, the good thing about Changelly is that it’s still the best for beginners. There are fewer restrictions on where you can trade and the exchange interface is simple. Moreover, the 0.5% flat exchange fee is available for most of the trading styles.

How Does Changelly Exchange Work

> > Click Here to Try Changelly Now < <

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.

But for those worried if this makes your account easy to hack, don’t worry. 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?

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. You no longer need to submit your personal information that can be compromised.

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. This step is not necessary if you are going to convert crypto to crypto. 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. 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. You can exchange between different cryptocurrencies without having to undergo a lot of processes.

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.

cryptocurrency-monitoring

> > Click Here to Try Changelly Now < <

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 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. 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. 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.

After everything is set up, you just need to add the amount. After you confirm the rate, you are done!

Are there Transaction Limits on 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. 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. However, these won’t be necessary after the initial week. Currently, there are no payment limits per month.

Litecoins-cryptocurrency

> > Click Here to Try Changelly Now < <

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. How Does Changelly Exchange Work

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. 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 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.

However, the rates are just the AI’s best estimates. There may be slight variations in the transaction depending on how you proceed with the exchange. Don’t be surprised that the transaction rates may differ from the calculation. How Does Changelly Exchange Work

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 doesn’t require you to create an account to use their platform. They’ve done this to ensure they can protect each user’s privacy.

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. How Does Changelly Exchange Work

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
  • Registration is not required
  • Live support available 24/7

Cons

  • Flat exchange fees are not applicable to any other type of exchange
  • Some people may find it slow.

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. 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.

In terms of using the platform, they also have a clean interface. It makes it easy to navigate the platform and trade. You can see your past exchanges too. How Does Changelly Exchange Work

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.

bitcoins-crypto

> > Click Here to Try Changelly Now < <

FAQ How Does Changelly Exchange Work

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 also depend on what cryptocurrency you’re 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 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 does not have a monthly withdrawal limit

What is a recipient’s address?

Your wallet address will be the recipient’s address. It should be where Changelly will send your crypto coins to.

close-up-bitcoin

> > Click Here to Try Changelly Now < <

error: Content is protected !!