How Long Does It Take To Convert Currency With Changelly

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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.

But with so many available, choosing the right one can get tricky. Each platform has its pros and cons, as well as its distinct features.

Changelly is one the most well-known cryptocurrency platforms. 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 is quite a long post. If you prefer to watch instead, then check out this video. They also discuss Changelly. We recommend you watch their video to get insights regarding if Changelly is perfect for you.

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

Overview of Changelly How Long Does It Take To Convert Currency With Changelly

Changelly started back in 2013 but gained traction during 2016. They were also able to establish themselves fully in 2016. 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. This is also why many users love 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 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. Most forums and groups often share how the platform has some of the most remarkable features.

Flat Exchange Fees

Many cryptocurrency platforms charge extra for each transaction. Although this is understandable, it can reduce your profits by a significant amount.

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. They don’t charge any additional fees. You can expect a uniform deduction every time you trade.

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.

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 Long Does It Take To Convert Currency With Changelly

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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. Users only need to enter their email address and all is well.

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.

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. You only need to register with your email address and provide 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 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.

Many cryptocurrencies supported

Cryptocurrency platforms often focus on just a handful. With Changelly, they can support up to 90 cryptocurrencies. Because their choices are wider, there are less restrictions when it comes to selling and buying crypto.

You can find the list of supported currencies on their website. 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. 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. 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. It doesn’t matter if your bank card comes from another region.

The whole process for buying crypto is also seamless and quick. 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!

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. 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. You can only have a $500 limit for 7 days following your first transaction.

Changelly will also limit bank transactions in your first week. You can only make three payments in the first week after you join Changelly. However, these won’t be necessary after the initial 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 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 It Take To Convert Currency With Changelly

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 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. 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. 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 Long Does It Take To Convert Currency With Changelly

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.

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 Long Does It Take To Convert Currency With Changelly

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

Cons

  • Flat exchange fees do not apply to other types of exchange
  • It can be slow for some

Last Thoughts

Changelly is one of the newest crypto platforms. It is gaining popularity due to crypto’s increasing popularity and 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. These are all you need to be able to use your digital wallet.

They also offer a simple interface for users to use the platform. It allows you to easily navigate and trade. You can see your past exchanges too. How Long Does It Take To Convert Currency With Changelly

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. The best part about this is that they have 24/7 customer support.

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FAQ How Long Does It Take To Convert Currency With 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. As for the minimum, Changelly will notify you if it’s too low. It will depend on which cryptocurrency you are using.

How long does it take for transactions to finish?

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

What 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 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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