Changelly review
- Fiat currencies
- 58
- Supported assets
- 391
Our verdict
Changelly is an instant digital currency exchange providing competitive crypto-to-crypto rates.
Changelly offers a unique proposition: It allows you to exchange one cryptocurrency for another in the most convenient way possible. It does this by aggregating and suggesting the best rates directly on its website.
However, the fees are often high if you’re buying crypto directly on this platform because it uses third-party services like Moonpay and Simplex.
Pros
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Straightforward UI. Changelly has a stripped down, no frills UI. Transacting on the exchange is simple if you’ve already set up a non-custodial wallet.
Cons
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Third-party fiat purchases. If you want to purchase crypto with fiat on Changelly, you will need to use a third-party service. These include Moonpay, Banxa or Simplex which require KYC. The availability of assets on each will differ depending on which state you are in.
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Must know how to use a non-custodial wallet. You must set up a non-custodial wallet to use Changelly. This means you need a wallet for each individual blockchain you plan to purchase assets on. If this is unfamiliar to you, you may want to consider using another service or reading our wallets guide to get up to speed.
Details
Product details
| Product Name | Changelly Crypto-to-Crypto Exchange |
| Fiat Currencies | USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 48 more |
| Cryptocurrencies | BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, BNB, DOGE & 381 more |
| Deposit Methods |
Credit card Cryptocurrency Debit card Wire transfer Apple Pay |
| Trading Fee | 0.25% |
| Deposit Fees |
Credit card: 5%–10% Debit card: 5%–10% Apple Pay: 5%–10% Swift wire transfer: 5.24% Cryptocurrency: 0.25% exchange fee plus network fees |
| Withdrawal Fees |
Cryptocurrency: None |
About Changelly — company background
Founded in 2015, Changelly has emerged as one of the most popular crypto-to-crypto exchange services on the market. The Hong Kong-based exchange offers a wide range of services for people looking to get the best rates on cryptocurrency conversion.
Listed Changelly crypto exchange assets
Changelly supports over 391 cryptocurrencies, but some notable assets are missing. Namely, Lido Staked Ether, Toncoin and Chainlink, which are in the top 20 cryptos by market cap. In total, 17 of the top 20 cryptos are available on Changelly.
Popular assets on ChangellyChangelly fees
Changelly charges a 5%–10% fee for apple pay deposits, 5%–10% fee for debit card deposits and a 5%–10% fee for credit card deposits.
Deposit & withdrawals fees
| Transaction type | Fee |
|---|---|
| Deposit funds | Credit card: 5%–10% Debit card: 5%–10% Apple Pay: 5%–10% Swift wire transfer: 5.24% Cryptocurrency: 0.25% exchange fee plus network fees |
| Withdraw funds | Cryptocurrency: None |
Changelly deposit methods
- Credit card
- Cryptocurrency
- Debit card
- Wire transfer
- Apple Pay
How to sign up on Changelly exchange
Before you can even get started trading on Changelly, you have to go through the rigorous verification process (which usually involves providing proof of identification). This can take time. The reason for this is Changelly's commitment to certifications and compliance with regulations and insurers.
- Get started
After selecting the Get Started button, fill in the create account form. - Set up payment
Before you can start trading, you have to add your bank account to your Changelly account. There are several options to choose from, so choose the option most compatible. - Provide identification
Before you can make withdrawals and increase your transaction limits, you must submit proof of address and some additional identification. Use either a passport or a driver's license for this. - Start trading
After all that is processed, you're ready to trade on Changelly.
Using the Changelly app
Changelly offers an Android and an iOS app. This brings the same functionality of the web platform to your fingertips.
Is Changelly safe?
Changelly is viewed as a trusted exchange service that is safe and convenient to use. The platform enables 2-factor authentication to protect your account. This includes Google Authenticator, which provides an added level of security.
Client information such as email is kept private and will only be used to contact you from time to time.
Keeping your crypto secure
All centralized exchanges, including Changelly, are vulnerable to counterparty risks like hacking, theft and insolvency. Using a self-custodial or hardware wallet is widely accepted as the best way to improve the security of your funds. We've shared some of our top picks below.
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 9,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $179 |
Price (USD) $49.99 |
See more of the best crypto wallets
Changelly customer support
You can contact customer support directly via email and social media. The website doesn’t list response times but does have a comprehensive FAQ section that will probably answer many of your questions.
How to reach Changelly customer support
- Contact form
- Discord
- Phone
- Telegram
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
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