Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
Changelly cryptocurrency exchange review
Changelly is an instant digital currency exchange providing competitive crypto-to-crypto rates.
Founded in 2013, Changelly has emerged as one of the most popular crypto-to-crypto exchange services on the market. The Czech-based exchange offers a wide range of services for people looking to get the best rates on cryptocurrency conversion.
Changelly has already carved out a strong international presence and has earned the trust of 300,000 customers since 2015.
No reviews yet.
Write a review
58
Fiat currencies
156
Cryptocurrencies
Details
| Product Name | Changelly Crypto-to-Crypto Exchange |
|---|---|
| Fiat Currencies | USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more |
| Cryptocurrencies | BTC, ETH, XEM, LSK, XMR, LTC, XRP, EOS, XLM, BCH & 140+ more |
| Deposit Methods |
Credit card Debit card |
| Trading Fee | 0.25% |
| Deposit Fees | 1-7.1% |
| Withdrawal Fees | 1-7.1% |
Changelly for US residents
US-based users can not use Changelly.
Which fiat and cryptocurrencies are supported?
- Supported fiat currencies: USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more
- Supported cryptocurrencies: Approximately 156 cryptocurrencies
Which payments methods are accepted?
- Credit card
- Debit card
What is Changelly?
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.
Changelly’s robot is integrated into the world’s biggest cryptocurrency trading platforms, such as Poloniex and Bittrex. In a matter of milliseconds, the robot suggests the best available rate on its website.
Given the volatility around cryptocurrency, Changelly does not fix rates. This enables the company to charge a very low commission fee for facilitating trades.
Available countries
Changelly is available worldwide.
How much will it cost me to use Changelly?
- By not fixing rates, Changelly is able to charge a very competitive fee of 0.25% on cryptocurrency transactions.
- Users will also pay networking fees that are set and collected by the blockchain network.
How fast will my funds be available?
Crypto-to-crypto transactions are usually finalized in 5-30 minutes. However, transaction processing times will depend on the capacity of the blockchain network at the time of your trade.
Larger transactions may also take more time to process.
Are there any transfer limits?
The exchange has very high limits and good liquidity, which means you can make trades of virtually any size. However, it’s important to keep in mind that your transfer amounts must be big enough to pay for the blockchain network fee as well.
There are restrictions on bank card payments, although the limit rises substantially after a few purchases. After one month, limits on US residents are dropped.
- 1st transaction. $500
- 1st week. $3000
- 1st month. $10,000
- Monthly (after 1st month). Unlimited
Is Changelly considered secure?
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.
Compare alternatives to Changelly
Coinbase Digital Currency Exchange |
eToro USA LLC Cryptocurrency Trading |
Crypto.com App |
 |
 |
 |
|
★★★★★ |
★★★★★ |
★★★★★ |
|
|
|
|
|
Supported Cryptocurrencies BTC, BCH, DAI, ETC, ETH, BAL, BCH, LTC, ADA, SOL |
Supported Cryptocurrencies BTC, ETH, LTC, ETC, DASH, BCH, XLM, NEO, EOS, MIOTA & 10+ more |
Supported Cryptocurrencies BTC, ETH, XRP, BCH, EOS, XLM, LTC, ADA, LUNA, LUNC |
|
Deposit methods Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay |
Deposit methods Wire transfer, Online banking |
Deposit methods Bank transfer (ACH), Bank transfer, Credit card, Cryptocurrency, Debit card, Wire transfer, TransferWise, Apple Pay, Google Pay |
|
Trading Fee Fees vary |
Trading Fee Fees vary |
Trading Fee
Maker: 0.04-0.20% |
|
Withdrawal Fees
Instant Card Withdrawal: Up to 1.5% of the transaction plus a minimum of $0.55 |
Withdrawal Fees None. Minimum withdrawal amount is $50. |
Withdrawal Fees Cryptocurrency: Fees vary |
Compare more providers
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.
Pros and cons
Pros
- The largest offering of cryptocurrencies on the market
- Receives praise for the design of its website
- Popular platform trusted by hundreds of thousands of traders
- Competitive commission fee for crypto-to-crypto conversion
Cons
- Higher rates than other exchanges when purchasing cryptocurrency directly
Get started
Changelly’s smooth interface and user experience have attracted many crypto enthusiasts into its fold. If you’d like to give the platform a try, head over to the Changelly website and select Login. Navigate to the bottom and hit Registration. Here, you can sign up with your email or social media account.
Frequently asked questions
Can I cancel a cryptocurrency transaction on Changelly?
Cryptocurrency transactions are made over the blockchain and are therefore irreversible. Changelly recommends you think twice before exchanging or buying cryptos.
I exchanged one cryptocurrency for another, but my final amount is different. What gives?
Changelly makes it clear that it does not fix exchange rates due to the underlying volatility of the cryptocurrency market. Since transactions take 5-30 minutes to clear, your final amount may be different.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
Ask an expert
4 Comments
January 26, 2018
I understand how one purchases crypto currency with fiat dollars (credit card), but how does one withdraw the crypto currency purchased in fiat dollars when one wants to cash out.??
January 30, 2018
Hi Patrick,
Thank you for your comment.
With Changelly, you’re unable to cash out your coins directly to a bank account. However, you may be able to turn the cryptocurrency you bought using fiat money to cash by transferring to another exchange that can link a bank account and cash it from there. You can check for the list of cryptocurrency exchanges having such a feature.
You may also check coinbase pro exchange review showing the analysis of GDAX, which is one of the digital exchanges that lets you turn your fiat currency into cash.
It might be helpful as well to learn more about selling bitcoins.
Regards,
Jhezelyn
December 24, 2017
I went to the Changelly site, and was surprised that they allow me to log in by using my gmail account with no password requirement, or two step verification. Isn’t this unsecure, and shouldn’t Changelly require better security? Also I see no XRP on Changelly.
December 25, 2017
Hi Brian,
Thanks for reaching out.
Changelly is actually a trusted exchange service that is safe and convenient to use.
Your email is needed so you can create an account that will give you access to your transaction history, password editing and other account settings. Once logged in, you will have the option to enable the two step verification via the Google Authenticator app.
XRP is currently not supported on Changelly, please refer to the list of cryptocurrencies on this page above. Learn more about XRP or where you can buy them.
Cheers,
Joanne