Links to Changelly: https://changelly.com
Traders find it challenging to select a crypto exchange to trade, especially those without prior experience.
Changelly reduces this challenge and brings the perfect solution. It’s one of the largest, most popular cryptocurrency exchanges to provide a trading service for buying and selling digital assets.
Anyways, I’ve covered everything around Changelly in this review so that you can see whether it’s a right choice for you.
Changelly is a decentralized cryptocurrency marketplace exchange with an advanced trading algorithm that scans numerous crypto coin prices from various other exchanges. It was founded in 2015 in Hong Kong and has since expanded to three global offices in different locations.
Fintech Vision Ltd is the company that operates Changelly and is headquartered in St Julian’s, IL-Belt Valletta, and Malta. Changelly serves 150+ cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and other popular new cryptocurrencies. Changelly has the vision to reach a mass audience with a user-friendly interface.
Changelly has several tie-ups with major vital partners, such as the Exodus wallet, Trezor wallet, Binance exchange, Coinomi, Jaxx Liberty, HitBTC, Nexo, and Cointelegraph. Today, Changelly has a customer base of 2 million users involved in trading and buying cryptocurrencies on its platform.
According to the terms and conditions listed on Changelly, their services are not intended to use in the following countries:
- North Korea
- United States of America (including all US territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John, and St. Thomas),
What Services Does Changelly Offer?
Changelly provides an instant, convenient and anonymous cryptocurrency conversion service. The service is accessible through either Changelly’s website, the platform’s mobile app, or some of the 3rd party wallets.
Some top wallets integrated with Changelly include Trezor, Exodus, Jaxx, Coinomi, and Edge.
Changelly also offers its API and a customizable payment widget for websites. The widget allows visitors to purchase crypto by paying directly from there without having to visit Changelly’s site.
Being a non-custodial exchange, Changelly doesn’t retain any deposits or hold any of its client’s funds. They accept all fiat currencies and also allow you to exchange them for EUR and USD. You can buy cryptos using your bank cards through the platform’s fiat currency partner, Simplex.
Even though Changelly asserts that it won’t demand any documents for verification. But, if they find any suspicious activity from a user, they may request KYC verification.
How many Cryptocurrencies are Listed on Changelly?
Currently, Changelly offers users approximately 170 cryptocurrencies to trade on the platform. Some of which are:
Bitcoin Related Assets
- Bitcoin (BTC)
- BCH(Bitcoin Cash)
- Bitcoin Lightning (LN)
- Bitcoin Liquid (L-BTC)
- Tether ERC-20 (USDt)
- Tether Liquid (USDt)
- USD Coin (USDC)
- HonestCoin (USDH)
- Tether Gold (XAUt)
- FlexUSD (FLEXUSD)
- DAI (DAI)
- Binance USD (BUSD) – SideShift.ai supports BUSD on Binance Smart Chain (BSC) only
- Monero (XMR)
- Zcash Shielded (ZEC)
- Zcash Transparent (ZEC)
- Ethereum (ETH)
- Descentraland (MANA)
- 1INCH (1INCH)
- FirstBlood (1ST)
- Aave (AAVE)
- Alchemy Pay (ACH)
- Cardano (ADA)
- PancakeSwap (CAKE)
- Sandbox (SAND)
- Compound (COMP)
- Serum (SRM)
- Sushi (SUSHI)
- UniSwap (UNI)
- Yearn.finance (YFI)
- Wrapped Bitcoin (WBTC)
- Solana (SOL)
- Axie Infinity (AXS)
- Smooth Love Potion (SLP)
- Fantom (FTM)
Additional Coins & Tokens
- Binance Coin (BNB)
- Litecoin (LTC)
- Dash (DASH)
- Dogecoin (DOGE)
- FTX Token (FTT)
- Stellar Lumens (XLM)
- Shiba Inu (SHIB)
- Avalanche (AVAX)
- XRP (XRP)
- VeChain (VEN)
Exchange Pairs Are Available As:
- ETH to BTC
- BTC to ETH
- LTC to ETH
- USDT to BTC
- BTC to XRP
- BTC to USDT
- LTC to BTC
- XRP to BTC
- BCH to BTC
- ETH to USDT
- DOGE to BTC
- BTC to DOGE
Trading on Changelly
Changelly’s exchange procedure is straightforward and easily accessible on the homepage. From here, you will be able to exchange the majority of cryptocurrencies and can select between the fixed rate or floating rate. The fixed rate is a more viable selection if market volatility is high; otherwise, the floating rate is a great choice.
Changelly is releasing a new trading platform called Changelly PRO. You can sign up for this new trading platform and take advantage of integrated margin borrowing and one-click trading options; although it’s not the most fleshed-out trading platform yet, it will smooth out more in the future. Other things that need to be improved are the technical aspects, like the chart, that aren’t running very smoothly.
Fees on Changelly
The fee structure has been designed to ensure all traders get the best deal possible while providing them with all the tools needed to increase their profits.
Changelly stands out for its highly competitive static-rate fees. With Changelly, every transaction is paid a fee of 0.5%. However, you may find cheaper fees at platforms like Kraken and Bitstamp.
Any exchanges with Changelly may begin to look more cost-effective if you’re swapping with multiple numbers of altcoins. It’s noteworthy that trades using fiat currencies (i.e., US dollars, euros, etc.) frequently incur a 0.5% static fee on the exchange rate. This percentage usually fluctuates, for which traders are typically charged at an increased rate.
The team claims that these high fees result from Changelly’s use of a third-party payment service( Simplex and Indacoin), which changes the rate.
Changelly Affiliate Program
Changelly has an Affiliate Program known as Changelly Earn. This provides a good source of passive income for all the active traders on the platform. Enrollment in the program is easy and can be done in just three simple steps:
1. Traders need to get themselves registered from the platform’s affiliate dashboard
2. After registration, Changelly provides traders various tools to create affiliates. These include a collection of widgets, an exchange button, and numerous affiliate links.
3. On each successful trade their referred user makes, the trader earns points that can be easily redeemable in the payout options, such as BTC/ETH, at any time.
In addition to points, the trader gets access to advanced facilities such as:
Priority Support: This facility provides traders with an email and 24×7 live chat support for all their queries and to avoid the hassle of waiting.
Are there any Buying Limits on Changelly?
Changelly won’t put a cap if you’re trading crypto-to-crypto exchanges. However, there are some buying limits for fiat transactions, which follow as follows:
US, Canada, and Australia: the $50 limit for the first transaction. After the first purchase, it will be possible to make three more transactions within four days each (100$ limit) and $500 within seven days after the first transaction. You can only make three payments in the first week. There are no monthly limits.
CIS region(Russia/Ukraine/Belarus/Kazakhstan/Armenia/Georgia): The initial limit is $200, and the next limit is $1,000 per week and $10,000 per month.
EU and other countries: The initial transaction is made for $100, with the second one valid for four days with a $200 limit and $500 after a week. No more than six transactions are to be processed within a week. No limits are in place at any point over a month.
If you opt to buy Bitcoin with your credit card, then you have to keep the following limits in mind:
- Limit for 1st transaction: from $50 to $10,000
- the limit for monthly transactions: up to $50,000
- the limit for the daily transaction: up to $20,000
How much does Changelly take to initiate a Transaction?
Usually, depending upon the network congestion, Changelly can take 10-40 minutes to complete a transaction.
Is Changelly Safe for Darknet Users?
As previously mentioned, Changelly is a non-custodial cryptocurrency exchange. It integrates with various platforms to offer its services to make them more accessible for traders. For example, it connects with Simplex and Indacoin for fiat currency purchases.
Wallets such as Trezor are used for storing cryptocurrencies. Changelly needs to ensure it is a secure platform by maintaining a balance between the security of the platform and the safety of customer assets. Thus, it has solid security protocols. It also allows Changelly users to enable two-factor authentication for their basic security layer.
As per data, Changelly has been found to track user data and transactions if they find any of their activities suspicious. In addition, they may also demand KYC verification. This is one significant downside if you want to use this exchange for darknet activities, as it will reveal your real identity.