How Long Does Changelly Transaction Take

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Cryptocurrencies are now a booming trend. 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 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. We’ll also be talking about how it can be used and what makes it unique.

This post is very long. 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 review. After, you will want to read the rest of the article for a more comprehensive review.

Overview of Changelly How Long Does Changelly Transaction Take

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, 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. They also have policies that promote trustworthiness, fairness, and transparency. The transactions you make with this platform are quick and easy.

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. They don’t require deposits.

What are its 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.

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

The rate is not as high compared to other cryptocurrency platforms. They don’t charge any additional fees. You can expect a uniform deduction every time you trade.

This does not apply to fiat currency trading. That’s why we recommend users check first about 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. Moreover, the 0.5% flat exchange fee is available for most of the trading styles.

How Long Does Changelly Transaction Take

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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. They also employ a two-step authentication process so you can secure your transactions and your account. The simple step they added allows anyone to use the platform without risking 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.

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. Bank verification is not required for this purpose.

Many cryptocurrencies supported

Cryptocurrency platforms often focus on just a handful. 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:

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.

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Features a flexible Bitcoin buying system

As we mentioned before, Changelly supports up to 90 cryptocurrencies across the globe. 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. 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. You can choose to have it in USD or EUR. 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. After you confirm the rate, you are done!

Are there Transaction Limits on Bank Cards?

You will have to limit the number of transactions you make with your bank card if you plan on paying by it. 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. 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. Currently, there are no payment limits per month.

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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. How Long Does Changelly Transaction Take

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 can be integrated into trading platforms like Poloniex or Bittrex.

When trading, the AI can either search platforms or make a bid. 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. 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 Long Does Changelly Transaction Take

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 required?

Changelly does not require that you create an account in order to use their platform. They’ve done this to ensure they can protect each user’s privacy.

When joining in, you won’t need to submit your personal information. All you need is your email and a valid wallet address.

If you are buying with your bank card, however, you might need to go through a verification process. How Long Does Changelly Transaction Take

Below is a list of all the benefits and drawbacks to using Changelly. This will help you decide if it is right for you.

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.

Final Thoughts

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. 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. 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 makes it easy to navigate the platform and trade. You can see your past exchanges too. How Long Does Changelly Transaction Take

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.

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FAQ How Long Does Changelly Transaction Take

Is there a maximum or minimum amount that Changelly can accept?

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 a recipient’s address?

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

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