Cryptocurrencies are now a booming trend. It is now available in many countries and on different markets. That’s why it’s no surprise that many cryptocurrency platforms have popped up 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 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. 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 is quite a long post. 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.
For those who prefer to read, let’s start with Changelly’s overview before going into 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 will want to read the rest of the article for a more comprehensive review of Changelly.
Overview of Changelly Tron Not On Changelly
Changelly started back in 2013 but gained traction during 2016. This was also the year that they were finally able to fully establish themselves. 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, a well-established mining pool.
Their spotless track record is one of the most attractive 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 even have a 60,000 BTC monthly turnover.
Changelly does not hold liquidity. They are not a custodial exchange. This also means that they don’t require deposits.
What are its 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. 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. 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. 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. 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. Moreover, the 0.5% flat exchange fee is available for most of the trading styles.
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. 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.
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. Bank verification is not required for this purpose.
Supports many cryptocurrencies
Many cryptocurrency platforms are focused on just a few. 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. 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. It is possible to exchange different currencies without going through a lot of steps.
You can also change between supported cryptocurrencies. You can suggest that Changelly add your token. All you have to do is complete a form and email it to them.
Includes a Flexible Bitcoin Buying System
Changelly supports as many as 90 cryptocurrency across the globe, as we have already mentioned. 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 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. You can choose to have it in USD or EUR. This can be adjusted to match the crypto you wish to purchase.
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. 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. 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. There are currently no monthly payment limits.
How does Changelly work?
Changelly will allow each user one cryptocurrency wallet within the first week. 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. Tron Not On 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 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.
The rates provided by the AI are only 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. Tron Not On 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. Tron Not On Changelly
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.
- Offers 0.5% flat exchange fee
- Registration is not required
- Live support available 24/7
- Flat exchange fees do not apply to other types of exchange
- Some people may find it slow.
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. 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 allows you to easily navigate and trade. You can also see past exchanges. Tron Not On Changelly
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. This is the best thing about it: they offer 24/7 customer support.
FAQ Tron Not On Changelly
Is there a maximum or minimum amount that Changelly can accept?
Currently, Changelly doesn’t have restrictions regarding the maximum amount 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 currencies does Changelly support
You can only buy cryptocurrencies in US Dollars or Euros.
Does Changelly have a withdrawal limit?
Changelly doesn’t have a monthly withdrawal limit.
What is a recipient’s address?
Your wallet address will be the recipient’s address. This should be the address to which Changelly will send your cryptocurrency coins.