Changelly Exchange Review (2023): Is it safe and cheap?
Changelly is a secure and smooth crypto trading platform that offers users a safe and easy way to buy and sell cryptocurrencies. In our Changelly exchange review, we look at this non-custodial cryptocurrency exchange that lets you buy and sell more than 150 different cryptocurrencies using your bank card, a transfer, or other cryptocurrencies. It is really convenient, quick, safe, and easy.
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What is Changelly?
Changelly is a cryptocurrency exchange that started in 2013 and became its own company in 2016. It is based in Malta and has become very popular with over 2 million users. People like it because it has never had any problems with bugs, frauds or hacking. It is easy to use and you can buy, sell and exchange cryptocurrencies without having to deposit any money. People trust Changelly to trade cryptocurrencies safely.
Changelly is owned by a group called MinerGate that is known for mining cryptocurrencies. Changelly is easy to use and supports many different currencies. It also has low fees for transactions. You can pay with credit cards, bank transfers and other ways. Because of its low fees and fast transactions, Changelly is a good choice for people who want to exchange cryptocurrencies quickly and safely.
Key features of Changelly
- Changelly is an easy and safe way to buy and trade cryptocurrencies. You don’t have to sign up to exchange some types of currencies, but you do have to give some personal information if you want to use regular money to buy cryptocurrencies.
- Changelly supports more than 25,000 pairs and 150 different coins, so you have a lot of choices.
- The platform doesn’t hold onto your money for you.
- Changelly has an app for Android and iOS phones that you can use to buy and trade cryptocurrencies wherever you are.
- Changelly has really good customer service and over 2 million happy customers. You can get help by chatting on their website, emailing them at support@changelly.com or using the app.
Key Advantages of Changelly
No Personal Info
Changelly is a popular platform for exchanging cryptocurrencies. You don’t need to give any personal information to exchange altcoins. All you need is an email address. This is used for two-factor authentication and to keep track of your transactions. It also helps keep your account safe and lets you recover it if you forget your password. Changelly has good exchange rates and a lot of coins to choose from. This makes it a good choice for buying, selling, or trading cryptocurrencies. Here’s some of our tips to keep your cryptocurrencies safe.
Flat Fee
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The blockchain network charges a small fee for each transaction. Changelly charges an extra 0.25% fee for processing the payment. They claim this is the lowest fee you can find.
Changelly Safety
Changelly is a safe and reliable platform for trading cryptocurrencies. There have been no reports of scams or hacks. People say the customer service is helpful. Changelly is open about its services and there have been no big safety issues. So, Changelly is a good choice for trading cryptocurrencies.
Customer Support
Changelly has great customer support. You can get help through the website chat, app chat, email, ticket submission, or knowledge base. The website is in 12 languages, including English, Spanish, Korean, Arabic, German, Portuguese, Russian, French, Hindi, Turkish, Chinese, and Japanese. This means people from all over the world can get help. Changelly’s customer support is fast and friendly. This makes it a good choice for trading cryptocurrencies.
Changelly Mobile App
Changelly has a mobile app for Android and iOS devices. It’s easy to use and has all the features of the website. You can use the app to buy or switch cryptocurrencies on your phone. The app is safe and easy to use. This makes it a good choice for buying or switching cryptocurrencies. With Changelly, you can buy and switch cryptocurrencies easily and safely from home.
How to Use Changelly?
Sign up for Changelly
Changelly does, however, guarantee the best exchange rates available for any given cryptocurrency at any given moment. It would probably be wise to double-check the exchange rates at other cryptocurrency trading platforms just to be safe. All you need to start trading is an email address, so registering on the website takes just a few seconds.
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All that’s left to do is confirm the payment and wait to get your alternative currency. On a typical day, the process shouldn’t take more than 30 minutes; but, if the platform is experiencing high traffic, don’t be concerned if it takes a little longer to acquire your money.
How to buy cryptocurrency on Changelly (fiat-on-ramp)
Buy crypto instantly with Changelly below!
After choosing the currencies and amount above, click “Buy instantly”. You will also be asked to provide your wallet address to receive cryptocurrencies. You will then be redirected to the payment merchant’s page (Banxa) for payment. Most major credit cards (i.e. Visa, MasterCard) are accepted.
How to sell your crypto on Changelly
Go to https://changelly.com/sell and choose the type of cryptocurrency you wish to sell. You will then need to verify your email and your identity with an identification document and selfie. Fiat from selling cryptocurrencies will be deposited to your credit card (Visa, MasterCard and some virtual cards) or debit card. You will also need to provide a cryptocurrency address for refunds. This is so Mercuryo, the payment merchant can refund any cryptocurrencies to you if something goes wrong, or there is a price fluctuation. You will have the option to choose to get a refund if the rate has changed by more than 5% in the time between you confirming the transaction, and when it is actually processed. Alternatively, you can choose to make an unconditional payment, meaning the transaction will be processed and you will receive fiat regardless of rate fluctuations.
How to swap cryptocurrencies on Changelly
Swap cryptocurrencies instantly with Changelly below!
Select the currency you wish to swap to and from, and the amount, then click “Exchange”. Changelly will ask you to provide your wallet address for receiving cryptocurrencies. Afterward, Changelly will give you an address to send your cryptocurrencies. Stay on this page to be updated on progress. Once the transaction has been completed, Changelly will send your cryptocurrencies to the destination. It may take a few minutes before your funds show up.
What is Changelly Pro?
Changelly Pro is a full-featured exchange platform by Changelly that allows users to upgrade their trading experience. It features an intuitive trading terminal that allows users to read signals, easily place trades and stay connected to the crypto markets 24/7. Changelly Pro also offers account security with 2FA protection, email confirmations, and whitelists for withdrawals. Additionally, it has a multi-currency wallet that allows users to manage multiple currencies without the need for additional wallets.
Changelly fees
The blockchain network charges a small fixed fee for each transaction and Changelly charges an additional 0.25% commission fee for cryptocurrency trades. According to Changelly, this is the lowest fee in the market.
Changelly Pro charges three types of fees: fees for depositing money, fees for trading and fees for withdrawing money. Changelly made their fees clear and competitive. You don’t have to pay a fee to deposit cryptocurrencies, but you do have to pay a fee to deposit regular money. The fee can be from 1% to 7% depending on how you pay and who you pay through. Changelly suggests using bank transfers because they have lower fees.
Changelly uses something called the maker-taker model to calculate trading fees. The fees are different depending on if you are adding or taking away money from the order book. Fees for makers are usually lower than fees for takers. Changelly also looks at how much you have traded in the past 30 days to figure out your trading fees. They only do this for TRADER and PRO accounts. If you trade more, your fees will be lower. For example, if you have a starter account, your fees will be 0.1% for both maker and taker. But if you trade 100,000 BTC or more in 30 days, you will only have to pay 0.03% for taker fees and nothing for maker fees.
Withdrawal fees are minimal and vary depending on the cryptocurrency being withdrawn. For example, Bitcoin withdrawals incur a fee of 0.0004 BTC, 0.003 BTC for Ethereum, and 4 USDT for Tether.
Changelly supported countries
The Changelly platform is available worldwide except for Cuba, North Korea, Iran, Syria, Crimea, Sudan, the United States of America (including all USA territories such as Puerto Rico, American Samoa, Guam, Northern Mariana Island), the US Virgin Islands (i.e.St. John, St. Croix, and St. Thomas), Bangladesh and Bolivia, and countries subject to the United Nations Security Council Sanctions List.
Changelly supported payment methods
Changelly offers a variety of payment methods for buying cryptocurrencies. These include credit cards, bank transfers, and more. The platform also supports over 150 different cryptocurrencies that can be used to buy other cryptocurrencies.
Changelly supported cryptocurrencies
Changelly supports over 150 different cryptocurrencies. A full list can be found here.
Conclusion
In this Changelly exchange review, we find that Changelly exchange is a trusted and safe crypto exchange platform that offers its users 100 different altcoins to trade in. The company is constantly working to provide the best customer experience in both the exchange and security departments. However, the main issue that Changelly has to deal with is its fiat currency exchange pricing, which has caused many people to question the safety and fees of the platform. To avoid these issues, customers can check out other recommended crypto exchange platforms such as ByBit, Binance, KuCoin, and Kraken.
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Changelly Exchange Review
When reviewing a cryptocurrency exchange, it is important to consider several key factors to ensure that the exchange meets the needs and expectations of its users. In our reviews, we have evaluated a crypto exchange based on the services it offers, the cryptocurrencies it supports, its trading fees, and its security measures. These criteria were chosen because they are essential for providing a comprehensive and reliable trading experience for users. So by examining these aspects of an exchange, we can provide an informed and objective assessment of its overall performance and value to users.
Services offered: Changelly offers an easy-to-use and simple platform for users to buy, sell, and exchange cryptocurrencies. It supports over 150 different cryptocurrencies and offers a variety of payment methods, including credit cards and bank transfers.
Cryptocurrency support: Changelly supports over 150 different cryptocurrencies. Whilst it is not the most compared to other exchanges, it is enough for most levels of traders.
Trading fees: Changelly charges a 0.25% commission fee for cryptocurrency trades, which it claims is the lowest fee in the market. However, it is important to note that the blockchain network also charges its own fees for each transaction.
Security: Changelly is considered a safe and reliable platform for trading cryptocurrencies. There have been no reports of scams or hacks, and users have praised the company for its helpful customer service when issues do arise.
Frequently Asked Questions (FAQs)
Changelly claims to have the lowest commission fee for cryptocurrency trades in the market at 0.25%. However, it is important to note that the blockchain network also charges its own fees for each transaction. For Changelly Pro, deposit fees, trading fees, and withdrawal fees are charged. Depositing cryptocurrency incurs no fees, but depositing fiat currency incurs a fee that varies from 1% to 7% depending on the payment method and fiat provider chosen. Changelly uses the maker-taker model to determine trading fees and varies them depending on whether liquidity is being added or taken from the order book. Typically, makers’ fees are lower than takers’ fees. Changelly also bases trading fees on trading volume over a 30-day period and applies them only to TRADER and PRO accounts. Minimal withdrawal fees are charged by Changelly and vary depending on the cryptocurrency being withdrawn.
Changelly has a mobile app that is available for both Android and iOS devices. The developers made the app as user-friendly as the website and included all the features of the website. With the Changelly app, users can buy or switch cryptocurrencies directly from their phones.
There have been no reports of scams, hacks, or other malfunctions within Changelly, and users have praised the company for its helpful customer service. Changelly is transparent with its services, and there have been no major issues regarding safety. As such, Changelly is considered by many to be a safe and reliable platform for trading cryptocurrencies.
Changelly is available worldwide except for Cuba, North Korea, Iran, Syria, Crimea, Sudan, the United States of America (including all USA territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island), the US Virgin Islands (St. John, St. Croix, and St. Thomas), Bangladesh and Bolivia, and countries subject to the United Nations Security Council Sanctions List and its equivalent.
No, Changelly is not available in the USA.
Changelly does not require KYC (Know Your Customer) verification for exchanging cryptocurrencies. The only thing needed to start trading is an email address. However, for transactions from fiat to cryptocurrency, you must provide some identity information, such as an identification document and a selfie.
MoonPay is a payment provider that Changelly uses to process credit and debit card transactions. According to MoonPay’s website, they encrypt all data using AES-256 block-level storage encryption while in transit. Furthermore, MoonPay has a bug bounty program that rewards individuals for finding and reporting security weaknesses. This allows MoonPay to make improvements to its security.
Changelly offers many payment methods for buying cryptocurrencies including credit cards, bank transfers, and more. The platform also allows users to buy over 150 different cryptocurrencies using other cryptocurrencies.
Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.
