Monday, July 4

Changelly: the platform to exchange bitcoin and tokens without mandatory KYC

This article contains referral links. Know more.

When buying, selling or exchanging bitcoin and tokens through specialized platforms for this purpose, you want the process to be fast, safe and simple. Obviously, nobody wants to waste time. That is one of the benefits that Changelly offers, a platform where you can exchange cryptocurrencies with the lowest rates in the market.

This is possible because Changelly works as a intermediary between the user and some of the most important exchanges, such as Binance, OKEx and Bittrex. The platform automatically searches for the best rate in the market, and thus offers you the lowest price. Let’s take a closer look at Changelly’s features, and find out if it’s the exchange platform you need.

What is Changelly?

Changelly allows you to trade more than 170 crypto assets in an average time of 10 minutes. Source: Changelly.

Changelly is a platform created in 2015 for the exchange, purchase and sale of bitcoin and tokens. The company’s goal is to offer an ecosystem of products and services that allow anyone to trade digital assets in a simple and intuitive way, and in this way contribute to the massive adoption of bitcoin and other cryptocurrencies.

This exchange platform stands out for its simplicity, which contributes to a good user experience. If you are starting in the world of cryptocurrencies, Changelly can be useful, since you do not need to be an expert to operate in it.

According to data on its website, Changelly has three offices, one of them located in Hong Kong. Currently, its monthly traffic is two million users, and has more than 200 cryptocurrencies and tokens. These are some of its most outstanding services:

  • Changelly Pro– An exchange with more than 100 trading pairs, ideal for experienced traders.
  • Changelly Buy– A marketplace to buy cryptocurrencies with a credit card, bank transfer, or Apple Pay.
  • Changelly Sell: a service to sell cryptocurrencies for fiat money.
  • Changelly API: a solution to empower any platform with the functions of Changelly.
  • Changelly Swap: allows you to exchange more than 170 cryptocurrencies in less than 15 minutes.
  • Changelly Earn– Affiliate program in which participants can earn commissions of up to 50% of Changelly’s income.

What you need to trade bitcoin and tokens on Changelly

If there’s one thing we really liked about Changelly, it’s how easy and fast your registration process is, an advantage over other exchanges like Uphold, which request too much personal data. To register, we have the option of doing it with an email, with a Google, Facebook or Twitter account.

In our case, we select the email. We receive in our email the data to log in, including the username and an automatically generated password, which you can later modify. And that’s all you need to trade cryptocurrencies on Changelly.

Under certain circumstances, the platform requests KYC verification (Know Your Customer) to its users in order to avoid crimes and comply with the laws and regulations of the countries where it provides its services. Not everyone should perform this verification, only people that Changelly considers to be high risk, for which an algorithm is used that calculates the risk score.

Features of the Changelly exchange platform

Security

Changelly has conventional security measures, such as two-factor authentication. Source: Changelly.

An advantage of Changelly is that, as funds are not stored on the platform, which reduces the risk of money being stolen by hackers. Assets are sent directly to your wallet. Another available security measure is two-factor authentication with the Google Authenticator app. But beyond that, there is not much else.

As we mentioned before, the password to log in is generated automatically and sent to your email after creating an account. For added security, we recommend that you change your password once you complete the registration process.

Interface

Changelly’s platform is available in nine languages, including Spanish. Source: Changelly.

Our opinion on the interface is positive. We were amazed at how simple the platform is, and makes buying or selling cryptocurrencies child’s play. We just had to select the assets to be exchanged, verify the fee automatically generated by Changelly and enter the address of our wallet.

The average time to complete transactions is 10 minutes, although this may vary according to network congestion. Typically, the maximum wait time is 40 minutes, so you will likely get your funds quickly.

Another point in Changelly’s favor is that it offers a cryptomoney course, to which you have free access. It includes basic topics such as privacy, types of exchanges, ways to buy cryptocurrencies, business risks, and more. You will get an e-book for the completion of the course, as well as an analysis of the professional market.

Mobile app

You can trade cryptocurrencies without registering with the Changelly app. Source: Changelly.

If you wish exchange cryptocurrencies without registering on the platform, you can do it with the Changelly mobile application. This is an advantage for those who are looking to make exchanges quickly and without complications. Something that we liked about the app is its intuitive and really simple design. It has the same functions as the desktop version, but all from the comfort of your mobile device.

Customer service and support

Changelly offers support to its customers 24 hours a day, 7 days a week. To contact the customer service team we have several options. One of them is live chat, but bad news: for now, it is only available in English. We can also contact them by email.

By using this method, we received a response in a short time, and all our doubts were clarified. On the Changelly website they have a frequently asked questions section with enough general information about the platform, apart from support tickets.

Payment methods

You can buy cryptocurrencies with fiat currency (US dollar, euro, British pound, Chilean peso, Colombian peso, among others) by credit card Visa or MasterCard, bank transfer and Apple Pay. We find that the payment methods are limited compared to other exchanges, which is a disadvantage of Changelly.

cryptocurrencies

There are over 200 cryptocurrencies to trade on Changelly, including the most popular ones like bitcoin (BTC), ether (ETH), XRP, BNB y litecoin (LTC), as well as others less known as aeternity (AE), aion (AION), pirate chain (ARRR), bread (BRD) and flow (FLOW). It is one of the platforms with the most variety of digital assets on the market, since, being an intermediary, it can have the liquidity of several major exchanges, such as Binance.

In which countries is it available

We were surprised by the large number of countries that Changelly serves. Among the Latin American countries where it is possible to operate with this exchange platform are Argentina, Colombia, Mexico, Venezuela, Peru, Chile, Brazil, Bolivia, Costa Rica, El Salvador, Dominican Republic, Ecuador, Guatemala, Honduras, Panama, Paraguay and Uruguay. Its services are also available in European countries such as Spain.

What are Changelly’s fees and commissions?

Changelly charges a commission of 0.25% per exchange. Source: Changelly.

Changelly is a intermediary between the user and other exchanges such as Binance, Bittrex and OKEx. Thus, the platform, through an algorithm, analyzes different exchange rates and chooses the one that is most convenient for you. That is why trading Changelly is a good idea if you want to get the lowest fee when buying or selling cryptocurrencies.

To make exchanges, the platform charges 0.25% commission, plus the network fee, which varies constantly according to congestion. This commission is the same for all available cryptocurrencies.

It came to our attention that we can choose between a fixed rate and a variable rate when exchanging. If we select the fixed rate, the amount will remain the same regardless of price fluctuations in the market. This is convenient if the price of a certain cryptocurrency is very volatile and can vary quite a bit in a matter of minutes or seconds. On the other hand, the variable rate changes according to market conditions.

Advantages and disadvantages

Advantage

  • Quick and short registration process.
  • More than 200 crypto assets available.
  • High trading limits.
  • You can operate in the app without registering.
  • Free cryptocurrency basic course.

Disadvantages

  • It does not have advanced features like the Pro version.
  • Few payment methods available.
  • Live chat is only available in English.

Conclusion: Is it a good idea to trade bitcoin and tokens on Changelly?

If what you are looking for is a platform for the sale of more than 200 cryptocurrencies and tokens that allows you to make the exchange in a few steps, in a matter of minutes and with the best price on the market, then Changelly is for you. The registration process is short and fast, and you can even operate in their app without registering.

Trading limits are high when it comes to trading, buying or selling bitcoin and tokens. For those who want to understand the basics related to the world of digital assets, Changelly has a free access course for their clients.

But you cannot ignore certain disadvantages. For example, it isa platform with basic functions. If you want something for professionals, you should access the Pro version, which includes advanced trading features such as TradingView charts, multi-currency wallets, and fees based on the user’s trading activity. On the other hand, there is little variety of payment methods. Despite this, Changelly is a good alternative for the sale of bitcoin and tokens.

The Review

PROS

  • Quick and short registration process.
  • More than 200 crypto assets available.
  • High trading limits.
  • You can operate in the app without registering.
  • Free cryptocurrency basic course.

CONS

  • It does not have advanced features like the Pro version.
  • Few payment methods available.
  • Live chat is only available in English.

Product analysis

  • Security
    0%

  • Interface
    0%

  • Mobile app
    0%

  • Customer service and support
    0%

  • Payment methods
    0%

  • cryptocurrencies
    0%

Reference-www.criptonoticias.com

Leave a Reply

Your email address will not be published.