Cryptocurrencies have become so popular that it’s not just a trend anymore. It is now available in many countries and on 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 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’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 post is very long. This video is a better alternative. 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.
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 To Send From Coinbase To Changelly?
Changelly started back in 2013 but gained traction during 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. 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 doesn’t hold liquidity. They are not a custodial exchange. This also means that they don’t require deposits.
What are its key features?
This section will focus on what makes Changelly so special. Many forums and groups share their appreciation for the unique features of Changelly.
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.
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.
The rate is not as high compared to 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. That’s why we recommend users check first about 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.
Secures your Personal Information
Changelly’s main selling point has been security. They are known for exchanging altcoins without the need to add the user’s personal information. Users only need to enter their email address and all is well.
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.
You can also retrieve your password if you forget it. They can send you the information via email.
Is there a reason why Changelly doesn’t require 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 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. 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. 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. You can suggest that Changelly add your token. All you have to do is complete a form and email it to them.
Features a flexible Bitcoin buying system
As we mentioned before, Changelly supports up to 90 cryptocurrencies across the globe. 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. 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. You’ll see the type of currency that you have on the left. 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!
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.
Then, you’d be allowed to purchase your initial translation after 4 days. This time, you’d be allowed to have a $100 limit. You can only have a $500 limit for 7 days following your first transaction.
Changelly will also limit your bank transactions during your first week. You can only make three payments in the first week after you join Changelly. These payments will not be required after the first week. Currently, there are no payment limits per month.
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 search for the best rates within different cryptocurrency exchanges. How To Send From Coinbase To 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 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.
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. 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. How To Send From Coinbase To 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. 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.
However, you may need to undergo a verification process if you’re buying using your bank card. How To Send From Coinbase To Changelly?
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.
- Offers 0.5% flat exchange fee
- No need to register
- Live support available 24/7
- Flat exchange fees are not applicable to any other type of exchange
- It can be slow for some
Changelly is one the most recent crypto platforms. It’s gaining popularity because crypto has become more popular and because they offer secure trading.
You won’t have to give them any personal information so there is no risk in trading. Moreover, you don’t need to register to start using their platform. You only need to enter your email address and create a 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 To Send 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. This is the best thing about it: they offer 24/7 customer support.
FAQ How To Send From Coinbase To Changelly?
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.
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
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 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.