ChangeNow Review Link: https://changenow.io
ChangeNOW’s exchange is a non-custodial platform that requires no registration and lets you change over 200 cryptocurrencies on the market.
But, does all of this make ChangeNOW risk-free? Does it require no KYC? How simple is it to purchase bitcoin through ChangeNOW?
To get these answers, read this in-depth review.
ChangeNow Overview
ChangeNOW, well known for its security-layered cryptocurrency technologies, is located in Seychelles. Its platform only works as a middleman and doesn’t hold users’ money. In addition, the platform also provides users access to its fiat-to-crypto onramp option, allowing you to purchase cryptocurrencies with your VISA or Mastercard.
According to the terms and conditions listed on ChangeNow.io, the services that they offer are not intended to use in the following countries:
- The United States
- Cuba
- Iran
- North Korea
- Crimea
- Sudan
- Syria
- Bangladesh
- Bolivia
Though ChageNOW is not accessible in these countries, the site itself does not geoblock its users. In addition, ChangeNOW won’t prevent you from using their platform, but they might not be able to help if anything goes wrong.
ChangeNOW’s website is compatible with 28 languages, making it easier for users worldwide to use the platform. In addition, the ChangeNOW platform has its token and provides traders with a selection of services.
There is no mandatory registration or verification for ChangeNOW, but users can sign up for optional premium services. In addition, the site requires no KYC, but if you’re opting for the Fiat-to-crypto option, you must provide your KYC information.
ChangeNOW partners with crypto exchange leaders such as Binance, Atomic Wallet, Ledger, Trezor, Guarda, OKEX, and others to provide top-quality services.
ChangeNOW is a front-runner in the world of blockchain innovation. In addition to continually adding new popular assets like Defi and metaverse tokens, it regularly offers discounted swap rates. In addition, the platform’s NOW wallet offers exchange support for NFTs and the opportunity to stake its BEP-2 NOW Token.
ChangeNOW has simplified the trading process, offering their clients reasonable rates and easy service. It’s as simple as picking your coin and the currency you’d like to receive in return. There are no hidden fees or complicated interfaces. It is as simple as it can be.
Features of ChangeNow.Io
Ease of Use and Design
At first glance, the exchange’s homepage appears to be incredibly intuitive. There is no sight of confusing charts, candle bars, or flashy windows, so all that is left is for you to do a few easy clicks. In particular, you must select your crypto pair, the exchange amount, and if you wish to use a standard or fixed rate.
As with ChangeNOW’s mobile application, ChangeNOW.How is even more intuitive than the website, taking only a few clicks, some crypto coins, and a wallet address. If you already possess a wallet, the process takes no longer than 40 minutes ( 5 minutes on average) for the swapped fund to process and reach its destination.
It’s a Non-Custodial Exchange
ChangeNOW is an anonymous crypto-exchange service where you need to have your wallet to access virtual currencies. This makes it great if you’re in the market for something more secure and anonymous exchange.
More than 13,000 Crypto Pairs Accepted and Has Access to 200 Cryptocurrencies
ChangeNOW is one of the few cryptocurrency exchanges that permits you to trade nearly every marketplace pair. So you won’t undergo the hassle of trading crypto assets directly.
You have the chance to trade Bitcoin, LiteCoin, Ethereum, XRP, USDT, Monero, Tezos, BNB, EOS, and several other significant altcoins on ChangeNOW.
There are no Exchange Limits
ChangeNOW asserts that exchange limits to trade are counterproductive, which is absolute truth. Hence, it lets you swap as much money as you need.
Has a Mobile App
ChangeNOW’s Android and iOS apps are more user-friendly than the website version of the exchange and allow you to perform instant coin swaps without any hassle.
Supports Fiat Currency
ChangeNow comes in handy if you intend to buy debit or credit card coins. For this, the platform has partnered with Simplex allowing users to pay directly through VISA or Mastercard.
What is the Processing Rates at ChangeNow?
ChangeNow charges 0.5-0.4% of transaction fees, which is low compared to its competitors. This range depends upon a classic or fixed exchange rate.
Classic Rate: A classic rate exchange offers the most competitively priced rates in the market. These rates are swayed primarily by network fees, and indexes fluctuate based on marketplace conditions. Because of this, you cannot be guaranteed the number of coins you will get for a single swap.
Fixed Rate: As the name implies, fixed rates are not subjected to fluctuation like Classic Rate but remain fixed. As a result, you get the amount you paid when you started the exchange process. However, you need to pay an additional spread to obtain a guaranteed rate.
The charge will only be levied if the currency exchange is initiated successfully. The administration fee is part of the current exchange rate, including blockchain transaction fees. This is positive since there are no processing fees, as well, or additional hidden fees.
If you opt to purchase any virtual cryptocurrency coin through ChangeNow with your credit or debit card, you would incur the following transaction fees:
- 5% Simplex processing fee or a minimum of $10 on each transaction.
- 1% ChangeNOW service fee.
- Blockchain transaction fees
What is a NOW Wallet?
NOW wallet makes it easy to administer cryptocurrency assets without revealing personal information.
Here are some of the unique features that NOW wallet offers:
- Your private keys are under your control
- Registration is not required for the wallet
- With the wallet, you can exchange and buy crypto with fiat money
- NOW wallet supports over 550 assets
- The wallet supports NFT
- Up to 25% annual return is possible with BEP2 NOW tokens staked in the app
What is NOW Token?
ChangeNOW is the only exchange with its token called NOW Token.
NOW Tokens’ primary use is to act as an internal currency of NOW products, as well as attain additional benefits like:
- More competitive rates
- Improved customer service
- All NOW services are eligible for special offers
- Asset listing through voting
- Promotions, prizes, and raffles
- A better affiliate program
- it can be staked for a 25% ROI on the platform
- It can be used to exchange cryptocurrencies
NOW Tokens can be bought directly at ChangeNow at the best rate. Additionally, you can purchase them on the Uniswap exchange, Binance DEX, IDEX, or SwapZone.
NOW tokens are distributed on two chains: Ethereum (ETH) as an ERC20 token and Binance Chain (BNB) as BEP2 coins. Initially, 200 million NOW tokens were issued – giving each chain 100 million NOW tokens.
What is NOW Tracker?
Available for Android or iOS operating systems, NOW Tracker is a mobile crypto-asset tracking service that you can use to track both hot and cold crypto-wallet holdings. Like any other ChangeNow products, Now Tracker doesn’t collect your personal information.
Users can also examine the worth of more than 10,000 cryptocurrencies and 23 fiat currencies in NOW Tracker. In addition, portfolio distribution graphs are accessible from a ticker and network.
You can use NOW Tracker to monitor the performance of assets for which you don’t currently own a stake. It can be valuable information if you want to gain a deeper understanding of the potential of an investment before moving your resources into it.
Is ChangeNow Safe?
ChangeNOW is more secure than the majority of centralized cryptocurrency exchanges since it doesn’t hold your funds and doesn’t require you to sign up. However, everything you exchange is returned to your wallet, so your responsibility is to secure those funds.
And, knowing that most centralized exchanges have security vulnerabilities, we believe the most secure approach to go about this is via this kind of wallet.
Can ChangeNow be Utilised for Dark Web Exchanges?
ChangeNow has a good security record, as it frequently engages with prominent crypto exchange leaders such as Binance, Huobi, Simplex, and so on as its partner family.
However, the company has a history of demanding KYC documents if they find any suspicious activity. It can be a downside because this documentation will reveal your personal information.