Shapeshift Or Changelly Or Poloneix

changelly-review

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’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. They support as many as 10 different cryptocurrency!

We will be looking at Changelly and its many features. Apart from that, we’ll be discussing what makes it different and how you can use it.

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.

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. Afterward, you will want to read the rest of the article for a more comprehensive review of Changelly.

Overview of Changelly Shapeshift Or Changelly Or Poloneix

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.

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. This platform makes it easy and quick to make transactions.

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 a non-custodial exchange. They don’t require deposits.

What are its key features?

This section will focus on what makes Changelly so special. 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. While this is understandable, it can take away a considerable portion of your profit.

Although it Is a controversial topic, flat exchange fees are the most significant reasons why 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. 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. 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.

Shapeshift Or Changelly Or Poloneix

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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.

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. 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.

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. 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 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. Their choices are more diverse, so there are fewer limits when it comes to buying and selling crypto.

You can find the list of supported currencies on their website. These are some of the supported currencies you will find:

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.

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.

cryptocurrency-monitoring

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Features 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 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. 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!

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.

Then, you’d be allowed to purchase your initial translation after 4 days. You’d then be allowed to purchase your initial translation up to $100. The $500 limit will only be allowed 7 days after your initial transaction.

Changelly will also limit bank transactions in 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. 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 decide which crypto trade is best for you based on the amount and type of cryptocurrency that you have. It will search for the best rates within different cryptocurrency exchanges. Shapeshift Or Changelly Or Poloneix

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. Afterward, they will convert it into crypto so they can send it to your second wallet.

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.

The rates provided by the AI are only 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. Shapeshift Or Changelly Or Poloneix

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.

You won’t need to provide any personal information when you sign up. 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. Shapeshift Or Changelly Or Poloneix

Pros and Cons

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
  • Registration is not required
  • Has 24/7 live support

Cons

  • Flat exchange fees are not applicable to any other type of exchange
  • Some people may find it slow.

Last 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.

They don’t ask for your personal information, so you won’t be risking much whenever you trade. You don’t even need to register in order to use 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. Shapeshift Or Changelly Or Poloneix

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 Shapeshift Or Changelly Or Poloneix

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 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. 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.

Does Changelly have a withdrawal limit?

Changelly does not have a monthly withdrawal limit

What is the address of a recipient?

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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