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What is Changelly?
Changelly is a straightforward cryptocurrency exchange that allows you to swap between a wide range of cryptocurrencies without having to know about the technical details of cryptocurrency trading.
In 2015, the company known as Futurescape was launched. It changed its name to Changelly in 2016 after raising $15 million in venture capital from a group of prominent investors including Galaxy Digital, Pantera Capital, and Andreessen Horowitz. Changelly has been operating since 2015 and has grown to become the leading instant cryptocurrency exchange platform. Fint
Users may swap between more than 150 different cryptocurrencies simply by clicking a few buttons, and clients can also buy cryptocurrencies using their debit or credit card directly through the platform.
Changelly has made it easy for both seasoned and novice traders by keeping things simple, unlike other exchange platforms.
Changelly is a cryptocurrency exchange that allows customers to quickly exchange between a wide range of currencies in less than 30 minutes. This quick conversion capability may be utilized from almost any device with an internet browser or via the Changelly mobile app, which is available for Android and iOS smartphones.
Customers access to a lengthy frequently asked questions (FAQ) page and a blog that provide helpful information regarding cryptocurrency exchanges, trading, and the sector in general. Customers with more particular needs have limitless live chat assistance available 24 hours a day, seven days a week, which usually delivers a solution within minutes.
Users of Changelly can join an affiliate program after creating an account. The affiliate program is still active, and it currently pays out 50% of the profits generated by anybody that is invited to the platform. After 90 days have passed since a referral’s registration, affiliates will no longer get compensated for bringing them on board.
The site also offers a variety of marketing material to aid affiliates in promoting their link more easily.
Why Use Changelly?
It’s important to note that Changelly is a non-custodial cryptocurrency exchange. This implies that it never keeps any of your money or cryptocurrency: You’ll need your own wallet to utilize the service.
Wide range of cryptocurrencies
On its exchange, Changelly supports almost 200 distinct types of cryptocurrency. It currently supports 196 different currencies. That’s more than most cryptocurrency exchanges and brokerages, to say the least. Many people want to purchase little coins in order to get in before the prices go up dramatically. But keep in mind that smaller cryptocurrencies have significantly higher volatility than well-
Changelly also only supports three fiat (traditional) currencies: USD, EUR, and RUB:
- S Dollar(USD)
- British Pound(GPB)
- Euro(EUR)
Changelly accepts dollars, but the fees are extremely expensive. We wouldn’t advise purchasing crypto using dollars because of the high costs.
Low crypto-to-crypto exchange fees
nYou pay the lowest fees when changing between cryptocurrencies on Changelly. You may check the rate and fees of your transaction against other exchanges to ensure you’re receiving the best deal possible.
Even if you discover a cheaper rate with a custodial exchange (one that keeps your crypto on the exchange), you’ll have to pay withdrawal expenses when you move your funds. Fees are determined by the cryptocurrency, but they must be considered into the equation.
Integrates with various wallets
Many wallet providers are supported by Changelly, including:
Wallets are a method of managing your cryptocurrency’s keys.
Several crypto enthusiasts are wary of using a custodial exchange since they do not allow you to retain control of your keys. If you want to trade directly from your wallet, Changelly may be an option. You can exchange one cryptocurrency for another with no risk of losing control of your keys.
There are no Know-Your-Customer (KYC) standards for this category.
The only personal information you must supply when using Changelly is your email address, as opposed to larger U.S. licensed exchanges, where you must provide more information such as full names and physical addresses.
Whether you look at it as a benefit or a disadvantage is ultimately a matter of personal choice. Some consumers value the anonymity of cryptocurrencies and don’t want to reveal any more information. Others are concerned that crypto’s pseudonymity encourages it to be misused in harmful ways. As a result, they are eager to provide their home address and personal information.
Easy to use
Changelly is easy to use, and its interface isn’t overly complicated. It’s possible to send, receive, or exchange cryptocurrency using Changelly as long as you understand cryptocurrency wallets. It has a mobile app and a website. The only slightly difficult part is connecting your current wallet to your Changelly account. All you have to do now is:
- Choose the cryptocurrency pair you want to swap.
- Check the exchange rate on your browser’s built-in currency converter.
- Send the right amount of bitcoin to the supplied address.
Is Changelly Safe?
Changelly is a cryptocurrency exchange that is well-known for its clean history and track record. It has never been hacked in its half decade of operation, and it is regarded as one of the safest exchanges in the market.
Changelly is a non-custodial exchange platform, so it doesn’t have customer funds and thus isn’t a major target for hackers. Nonetheless, customers may choose to add two-factor authentication to their accounts to provide an extra level of protection.
Changelly’s excellent security record has helped the firm accumulate over 2 million clients across the world.
Advantages of Changelly
Reasonable Fees
All transactions at Changelly are charged a flat 0.25 percent trading fee, which is far lower than the industry average of around 1%.
Instant Exchange
Users may quickly execute crypto-to-crypto trades with a 30-minute processing time.
Trusted Security
Users will feel more secure with the aid of Changelly, which has never been hacked.
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