Changelly | Business24-7

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Written by Braden Chase Edited by Giles Thomas Fact Checked by Tomislav Turcin

7 March 2023

3 March 2023

Page Summary

Changelly is a leading cryptocurrency exchange to buy and exchange crypto with crypto. It offers 141 cryptocurrencies and access to the buy Ripple service with a credit or debit card. This exchange has a transparent fee structure and intuitive platforms. We recommend the Changelly services to traders at all levels.

Review Summary: 

Changelly advertises itself as having the best crypto trading fees in the market.
It offers beginner-friendly services to exchange 140+ digital assets for a low fee.
It is a non-custodial exchange, and it doesn’t store customer funds.
It offers access to many wallets and exchanges.

Changelly Overview:

Changelly is a low-cost crypto coin exchange. All transactions use the Changelly proprietary EnjinX blockchain explorer. Its platforms are well-designed and offer insights into all your transactions. For example, when a transaction is complete, the details are available in the search section. It is easy to locate your transaction and approve it. Our Changelly review shows this exchange offers the Major Tom token, an Ethereum ERC-1155 token.

Trading Experience

The Changelly exchange is user-friendly. It offers a clear view of your account with fast access to quotes. All transactions are performed from your crypto wallet or bank account. All you have to do is select the currency you want to buy with and the coin you want to buy. This exchange doesn’t request ID verification.

Cryptocurrencies Available 

Our Changelly review shows it is a reliable crypto-to-crypto exchange with a versatile portfolio. It offers 140+ crypto coins, including:

Bitcoin
Ethereum
Litecoin
DASH
Binance Coin
Tether

Fees 

Changelly has a standard 0.5% fee, lower than with competitor exchanges. Changelly fees are transparent. This exchange has a network fee of around 0.002%. If you choose to pay in fiat currency with a card, you will have other fees to cover for. Read our in-depth reviews to learn more about cryptocurrency exchange fees.

Regulation & Reputation 

The Changelly exchange is safe and offers useful account safety features. This exchange was created by the team that founded Bitcoin mining pool MinerGate. It uses industry-leading coding and encryption process. We recommend you research different exchanges before choosing one. Our in-depth reviews offer details on other exchanges, licenses, and reputations.

Account Opening 

The Changelly exchange has a user-friendly account opening process. The steps you have to follow to open a Changelly account are:

Sign up on the Changelly platform.
Enter an email address and register your account.
Activate your account with the link in the confirmation email.
Create a password and username
Start buying and selling cryptocurrency.

Customer Support 

Changelly customer support is average. It offers email support with a decent response time. This exchange offers a comprehensive Help Center and video tutorials.

Summary 

Changelly is a secure exchange with an impressive portfolio. It offers innovative platforms with intuitive interfaces. We recommend it for traders at all levels because of its valuable learning center.

FAQ

Does Changelly Have A Mobile App?

Yes. Changelly offers access to an Android App. The Changelly mobile app is integrated with other wallets and apps for a good trading experience. Read our in-depth reviews to learn more about crypto trading apps.

Is It Necessary To Choose An Exchange With Top-Tier Licenses?

Online trading is risky. Digital coins remain speculative assets. If you lose funds on an unregulated exchange, it will be difficult to access a legal or insurance claim. Regulated exchanges offer protection against loss. Read our in-depth reviews for more details on other cryptocurrency exchanges and regulations.

Is Changelly Legit?

Changelly is one of the trustworthy crypto exchange platforms with industry-leading encryption processes. It offers secure services and impressive safety measures.

What Is A Centralized Exchange?

A centralized exchange is a private institution offering access to trading platforms. It lets users invest in digital assets. These exchanges request registration, known as the Know Your Client Rule.

What Is A Decentralized Exchange?

A decentralized exchange is a provider that has no central point of control. It functions as a server, but each device within the network operates in different countries. If one device stops working, it doesn’t interfere with the network’s activity. Decentralized exchanges don’t have top-tier licenses. If you choose this type of exchange, you should read about the risks. Check our in-depth reviews for more details on exchanges and safety.

Disclaimer

Braden Chase

Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

Changelly Review