Changelly Review. Best Payment and Exchange Option
A popular trading service among the crypto market, Changelly offers both fast and anonymous transaction in cryptocurrency exchange. Changelly offers a service where users can trade with almost any cryptocurrency out in the market
The app gives a quick and simple interface where traders can exchange cryptocurrency as they need. Regarding fees, Changelly only takes a 0.5% trade fee. This rate is a surprisingly low amount of money considering the industry standards.
With its platform, there’s an integrated automatic trading robot used in trading platforms like Poloniex, Binance, and others. This bot makes bids and works just like having an expert managing your account; in this way, the app will suggest the best available rates on trading pairs.
Changelly also requires a full verification process if any suspicious move gets done in a user account. This feature makes Changelly not only fast and easy to use, but highly secure when it comes to keeping your funds safe.
What is Changelly
Changelly is one of the most popular online exchanges in the market, and it offers its users the ability to buy and sell cryptocurrencies. Changelly offers a simple service with an easy interface to explore. It provides a fast process for transactions, measures to protect your accounts, and low fees.
It is a project established in 2015 by the same people that created the mining pool known as MinerGate. As time passes, Changelly’s community increases, having more than a million active users buying, selling, and trading every day.
Users at Changelly can choose between crypto-to-crypto trading or fiat-to-crypto exchange, using VISA or MasterCard credit and even debit cards.
Changelly offers one of the biggest roasters of cryptocurrencies available in any exchange. It has more than 130 different cryptocurrencies available for exchange. There are certain limitations on transactions via bank cards, but it depends on your geographical location.
Below you can see how in only minutes, you can easily sign up, finish the industry standard verification process and recieve Bitcoin into your crypto wallet.
How Do I Buy Bitcoins With Changelly
You can buy Bitcoin quickly and safely with Changelly. They do a good job of walking you through the entire process of buying your first Bitcoin or adding more Bitcoin to your portfolio.
Take a look at this short video that walks you through the entire process:
Does Changelly Accept Debit Cards
Fortunately, Changelly does accept 3D-secure card debit cards. This is a huge positive since many credit cards providers are not allowing the purchase of crypto. If you have a credit card that allows for the purchasing of crypto, Changelly is an option as well.
Does Changelly Require ID Verification
Changelly is a very user-friendly platform. You can get started without ID verification, but you will need to use your email, Facebook, or Twitter to create your account.
This is what Changelly had to say about ID verification, “We strive to protect our Users from fraudulent and scam activities in the crypto assets sphere. It is possible, that certain crypto assets are used for scam or any other criminal activity, as defined by law. In order to prevent this, it is necessary to take measures to ensure customer verification and security of financial transactions. One of the best measures is AML/KYC procedure, which allows us to confirm, that you are a law-abiding individual or corporation.
Changelly service has a risk scoring system that is able to spot suspicious activity. If a transaction is flagged by the system, it is put on hold and the User is asked to pass AML & KYС verification. For the reasons of security, we are not able to disclose specific criteria of our system, however, it has proven to be very effective against money launderers, scammers etc.”
Anonymous transactions are becoming a thing of that past. If you happen to find a service offering anonymous transactions, be aware of all of the security risks that come along with using that platform.
We recommend using a platform like Changelly that abides by AML/ KYC laws.
Is Changelly Secure?
Changelly won the trust of more than a million users. It is one of the most prominent cryptocurrency exchanges today. It offers a service that provides both safety and speed for user’s transactions while keeping privacy for operations by not revealing its users’ identities.
They have no deposit storage, which means they won’t make use of its users funds as other organizations might do.
They also offer 2-factor authentication. By doing so, it ensures the security of the user’s account, keeping it protected. The only thing you need to do is to use a Google Authenticator app to log in to your Changelly account.
You can turn off the 2-factor verification anytime you want, and at the same time, the Changelly team can aid you if you lose a device that’s connected through it. This way, you don’t have to worry about other people having access to your account.
Being a non-custodial instant cryptocurrency exchange, we can see Changelly as an organization that focuses on consumer satisfaction; they will never retain a user’s funds in their service.
Changelly functions just as an intermediary between a buyer and a seller. It offers them many opportunities and options to perform their trade, and it takes only a small fee in exchange.
Changelly has been operating for four years, since 2015, in both browser platforms and mobile apps, It helps them to attract more than a million visitors per month, who have nothing but good reviews and opinions.
One of the reasons for Changelly to be so popular is its intuitive interface. Another reason is its favorable exchange rates, along with all the measures they have on security. They don’t take any hidden fees, and they never make you think they’re taking something from you.
About Changelly Team
The team of Changelly, while small, had to take care of all its consumers’ needs since 2015, with a 24/7 live support, offering nothing but the best of the best. They aim to make Changelly a pure representation of an instant cryptocurrency exchange that people can trust: a fast, safe, and reliable cryptocurrency exchange.
Changelly has partners all around the world. It currently has a partnership with more than 60 businesses; some of them are dedicated to wallets, like MyEtherWallet and Trezor or Ledger, while others are, like Changelly, cryptocurrency exchanges and trading platforms like Binance.
Eric Benz, its CEO, has managed Changelly. Benz has more than ten years of experience when it comes to Financial Technology, delivering many innovative SaaS systems that are currently used in some of the most prominent institutions where payments are involved, as well as identities and banking infrastructure.
Pros of Using Changelly
- It has a wide variety of cryptocurrencies available for exchange.
- Support for all countries
- It provides an excellent array of payment and exchange options.
- It has multi-language support on its website platform, with over eight languages available.
Cons of Using Changelly
- Customer support currently only available via email.
- High fees when buying cryptocurrencies with fiat.
Final Thoughts on Changelly Exchange
With Changelly, there are no gray areas; it is what it says and provides what it says they offer: a quick and straightforward way for users to trade cryptocurrency with a platform, while charging a small fee for it—as long as you don’t use fiat trading.
There is a reason Changelly, along with a handful of other great tools, made it on to our battle tested Recommended Tools for Crypto list.
Changelly doesn’t hold your coins in an account. It’s also highly recommended for those worried about security. However, its owner is not forthcoming with revealing their identity, which might worry some users. But things haven’t gone wrong since 2015.
The support team quickly reacts when someone reports a problem, and they seek a solution as fast as possible.
When it comes to speed, making a transaction takes around 5 to 30 minutes. However, transactions that go over 1 BTC might take a longer processing time, which will depend on the size.
Changelly provides a great trading experience for both new traders and experienced traders. They give fast solutions, ensure the security of your funds, and provide help all the time it’s needed.
Finally, we should note, with many popular brands that have a partnership with them, which altogether, made Changelly one of the most used cryptocurrency exchanges today.