Is Changelly Good For Trading And Buying Crypto

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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. 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 are one of the most popular platforms on social media and forums.

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 will be looking at Changelly and its many 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 cover good points regarding 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 review. After, you will want to read the rest of our article for a more comprehensive review.

Overview of Changelly Is Changelly Good For Trading And Buying Crypto

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.

Its impeccable track record is one the most appealing features. This is also why many users love it. Moreover, they have policies that support trustworthiness and fairness. The transactions you make with this platform are quick and easy.

Apart from that, they have more than 90 altcoins that can be bought or exchanged. They also have a monthly turnover of 60,000 BTC.

Changelly doesn’t hold liquidity. They are not a custodial exchange. 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.

Offers Flat Exchange Fees

Cryptocurrency platforms often add extra fees per 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.

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. 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.

Is Changelly Good For Trading And Buying Crypto

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

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.

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

Many cryptocurrency platforms are focused on just a few. 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. 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.

cryptocurrency-monitoring

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Includes 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. 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.

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.

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. 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 your bank transactions during 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. There are currently no monthly payment limits.

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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. Is Changelly Good For Trading And Buying Crypto

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, a cryptocurrency platform that makes trading easier by using AI. It can be integrated into trading platforms like Poloniex or 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. There may be slight variations in the transaction depending on how you proceed with the exchange. So don’t be surprised if the rates aren’t the same as the computation. Is Changelly Good For Trading And Buying Crypto

The good news is that, even though there may be differences, these discrepancies are minimal. The estimates are not too far off from the actual.

Are accounts required?

Changelly doesn’t require you to create an account to use their platform. This is to protect the privacy of each user.

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. Is Changelly Good For Trading And Buying Crypto

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

Final 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.

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. 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 makes it easy to navigate the platform and trade. You can see your past exchanges too. Is Changelly Good For Trading And Buying Crypto

In summary, Changelly is perfect for you if your primary concern is security and privacy. 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.

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FAQ Is Changelly Good For Trading And Buying Crypto

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.

What is the average time it takes for transactions to be completed?

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

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 doesn’t have a monthly withdrawal limit.

What is a recipient’s address?

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

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