Is Changelly Legitimate

changelly-review

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 own pros and cons as well as unique features.

Changelly is one of the most popular cryptocurrency platforms right now. 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’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 cover good points regarding Changelly. We recommend you watch their video to get insights regarding if Changelly is perfect for you.

For those who prefer to read, let’s start with Changelly’s overview before going into their features.

changelly-logo

Before you continue, you may want to watch this video by Crypto Renegade on YouTube that gives a quick overview. Afterward, you will want to read the rest of the article for a more comprehensive review of Changelly.

Overview of Changelly Is Changelly Legitimate

Changelly was founded in 2013, but began to gain traction in 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.

Their spotless track record is one of the most attractive 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 does not hold liquidity. They are a non-custodial exchange. 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.

Offers Flat Exchange Fees

Cryptocurrency platforms often add extra fees per transaction. Although this is understandable, it can reduce your profits by a significant amount.

Although it Is a controversial topic, flat exchange fees are the most significant reasons why so many people choose Changelly.

The website states that their flat fee is 0.5% per trade. You will pay 0.5% for every trade between cryptocurrencies.

It is lower than other cryptocurrency platforms. Moreover, they don’t charge 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. 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.

Is Changelly Legitimate

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Secures your Personal Information

Security has always been Changelly’s key selling point. 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. 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. You only need to register with your email address and provide a valid wallet address. Your personal information is no longer required.

However, you may need to add verification if you’re using a bank card to buy crypto. 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

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:

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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Includes 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. 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. The same goes whether your bank card is from a different 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. It’s either in EUR or USD. You can adjust this as well as the crypto you want to buy.

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

Is there a limit on the amount of transactions that can be made with 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.

After 4 days, you would be allowed to buy your first translation. 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 bank transactions in 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.

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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. Is Changelly Legitimate

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’s integrated on trading platforms such as Poloniex and 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. Is Changelly Legitimate

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. 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. Is Changelly Legitimate

Pros and Cons

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
  • Live support available 24/7

Cons

  • Flat exchange fees do not apply to other types 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. 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. 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 allows you to easily navigate and trade. You can see your past exchanges too. Is Changelly Legitimate

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

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FAQ Is Changelly Legitimate

Does Changelly have a maximum and a minimum amount?

Currently, Changelly doesn’t have restrictions regarding the maximum amount you can exchange. As for the minimum, Changelly will notify you if it’s too low. It will also depend on what cryptocurrency you’re using.

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

It takes around 5 to 30 minutes to process transactions. 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.

Does Changelly have a withdrawal limit?

Changelly doesn’t have a monthly withdrawal limit.

What is the address of a recipient?

The recipient’s address will be your wallet’s address. This should be the address to which Changelly will send your cryptocurrency coins.

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