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Changelly is a great cryptocurrency exchange platform for all trading experience levels. Learn more about the platform in this review.
Exchanging cryptocurrencies has been a popular trend over the last few years. With more and more people looking into trading cryptocurrencies, there’s been an influx in exchanges and trading platforms.
Since you’re trading money, it is essential to choose a platform that is safe and provides you with all the features you want. Changelly is just one of the exchanges you can use, but is it legitimate or a scam?
We’ve scoured reviews on sites such as Trustpilot and done our research on this cryptocurrency exchange service so you don’t have to.
What is Changelly?
Changelly is a cryptocurrency exchange platform that users worldwide can use to trade one cryptocurrency for another. The platform launched in 2015, so it’s neither the oldest nor the newest.
We don’t know for sure how many people use the Changelly platform because the company has not published that information. Still, with an excellent reputation and high website traffic, it’s a popular choice for traders.
Changelly uses a specific algorithm to help gather the best price for users. It’s simple to use, and it helps execute trades for users, so all you have to do is select the crypto you want to trade.
This crypto-to-crypto exchange offers users the ability to trade over 150 cryptocurrencies. It also allows you to trade all the most popular ones, such as Bitcoin, Litecoin, Dogecoin, and Ethereum, but you’ll also find lesser-known cryptos.
Changelly fees tend to be low, unlike other platforms. It has a fantastic support team that you can reach at [email protected] from anywhere in the world.
How Does Changelly Work?
Changelly works similarly to other crypto exchanges. It uses cryptocurrency liquidity to give users the best possible exchange rates. When someone wants to trade one cryptocurrency for another, the algorithm helps find the best exchange rate on all connected platforms.
After the algorithm finds the best exchange rate, users can start trading funds. The exchange process is quick, and users must have a crypto wallet linked to their account.
The platform abides by know your customer regulations to help keep you safe as you trade altcoins and other digital assets. You can use various payment methods when you’re ready to start trading, such as a credit card, debit card or another bank card on this exchange service.
It accepts all major currencies such as the USD and Euro. You can contact Changelly support if you have questions about which currencies you can use to pay.
Changelly Product Offerings
Here’s a glimpse at all the platform’s product offerings.
Changelly Crypto Exchange
This is the standard crypto exchange that Changelly offers. It’s a simple exchange platform where automated searches show you up-to-date cryptocurrency exchange rates, and it is the simplest way to trade with Changelly.
This is the best option for those who aren’t as experienced with crypto trading, but even advanced traders can enjoy this service.
Changelly Pro is a professional platform on top of the standard Changelly exchange. This product has more in-depth features and offers traders a more extensive selection.
Changelly Pro has lower fees and faster transactions; you can even trade in pairs. This product is more tailored to each trader and offers users a higher trading limit.
Even though security is strong across the entire Changelly platform, Changelly Pro sees even further security since it allows much larger trade amounts.
For those traders who like to exchange cryptocurrencies on the go, the Changelly mobile app is a great product. If you have an Android or iOS device, you can download the app and utilize all the platform’s features from your smartphone or device.
Something people love about the app is that it allows you to see real-time value changes in your portfolio. You can even set alerts to see when a coin reaches a particular price, and many people love adding a widget.
You can also reach customer support through the mobile app.
Changelly DeFi Swap
Changelly DeFi Swap is a decentralized finance trading platform that is integrated into the standard Changelly exchange. You’ll be able to trade crypto, other digital assets and tokens in a decentralized manner.
You’ll have full control over all your assets and can transfer them directly into the blockchain. This product offers high-speed transactions, low fees and high security since it’s decentralized.
It’s one of the most cost-effective ways to trade on Changelly, but it’s better for more experienced traders.
|Fixed rate||No fee|
Who Should Use Changelly?
One of the best things about Changelly is that the developers designed it for many users. Whether you’re a beginner or more experienced, you can have an excellent trading experience with Changelly.
Depending on your experience level, you should take advantage of different aspects of Changelly. Changelly Pro is great for more advanced traders, but the standard platform is perfect for pretty much everyone.
With a user-friendly platform, quick and easy exchanges, and helpful trading tips and tricks, anyone who wants to trade cryptocurrencies should use Changelly when looking for a platform.
Whether you live in Cuba, Bolivia, Sudan, Bangladesh, Hong Kong, the United States or somewhere else, be sure to give Changelly a try for cryptocurrency trading.
How Does Changelly Compare?
0.25% floating rate
0% - 3.99% varies by type of transaction
1% for cryptocurrency
No current promotion
Sign up and get up to $200 in crypto
Get a $10 bonus when you buy $100 worth of crypto (U.S. only).
Getting Started with Changelly
Getting started is pretty simple. Here’s how you can sign up to trade on Changelly:
- Visit Changelly’s website.
- Click “create an account.”
- Provide your email address and create a strong password.
- Verify your email address when you receive the link.
- Log into your account, so you can verify your identity.
Once you’ve completed the above steps, you can trade on Changelly! You’ll connect a cryptocurrency wallet from Ledger, Exodus, or elsewhere to your account and then start choosing the currency you want to exchange and receive.
To start exchanging, you’ll enter the amount you want to trade, review the exchange rate and then see the estimated amount you’ll get back. If everything looks good, you’ll send the cryptocurrency and wait for confirmation of the transaction.
Should I Use Changelly to Exchange Crypto?
Whether you should use Changelly will ultimately come down to your preference. Changelly is a great trading platform for traders of all experience levels and offers a high level of security, which is extremely important.
So, should you use Changelly? We’d say it’s worth a shot! It has excellent features, and as you become more experienced, it even offers a more professional trading platform that you can take advantage of.
If you still have questions surrounding Changelly, here’s what some other people are asking that can give you an insight into the exchange.
Is Changelly safe and legit?
Yes, Changelly is a safe and legitimate platform. It has been on the market for years and has a reputation for being safe to use.
It also has plenty of security measures to protect all its users’ assets, including email confirmations and two-factor authentication.
Can you make money on Changelly?
Absolutely! You can make money on Changelly when you trade cryptocurrencies. However, remember that this might not be immediate.
What crypto can you buy on Changelly?
You can buy several different cryptocurrencies on Changelly. Some of the cryptocurrencies you can purchase are Ethereum, Bitcoin, Bitcoin Cash, Doge, Litecoin, and Ripple.
Where is Changelly located?
Since Changelly is a digital trading platform, it doesn’t have a physical address. It’s powered by MinerGate, a registered company in Prague, Czech Republic.
The Changelly team works from all over the world!
Changelly is an instant cryptocurrency exchange with the best exchange rates for BTC, ETH, XRP, ADA and 400+ other digital assets
Product Brand: Changelly