Changelly cryptocurrency exchange – July 2021 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.
|Product Name||Changelly Crypto-to-Crypto Exchange|
|Fiat Currencies||USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, PHP, ZAR & 30+ more|
|Cryptocurrencies||BTC, BCH, ETH, XMR, ZEC, DASH, XRP, ETC, LTC, EOS & 130+ more|
Which fiat and cryptocurrencies are supported?
- Supported fiat currencies: USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, PHP, ZAR & 30+ more
- Supported cryptocurrencies: Approximately 146 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.
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 finalised in 5 to 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.
- 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.
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
- 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
- Higher rates than other exchanges when purchasing cryptocurrency directly
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.