Changelly Review (December, December) – Pros, Cons, Features, & Pricing - Comparewise

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Changelly Review (December, December) – Pros, Cons, Features, & Pricing

This Changelly review will examine Changelly, a cryptocurrency exchange established in 2015. It is one of the top crypto exchanges that allows people around the globe to trade crypto for low rates.

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Last Updated: Nov 26, 2023


  • Exchange any crypto instantly
  • No proof of identity required
  • Competitive trading rates

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Changelly has its headquarters in the Czech Republic. You can access over a thousand crypto pairings for trading and more than a hundred different crypto coins.

It sends your coins to an external wallet after purchase. Changelly offers the best and current prices, quickly connecting you with the leading crypto wallets since it is updated every eight seconds.

The Changelly exchange delivers your coins straight to your wallet. This gives you complete control over your tokens rather than storing them on the platform’s servers.

This Changelly review explains all you need to know about Changelly, including its features, pros and cons, products and services, how to use it and payment methods.

What makes Changelly a good option?

In this section of our Changelly review, we examine why the exchange platform is an excellent option to consider.

Changelly is a simple crypto exchange platform used for trading over 200 cryptocurrencies. It was established in 2015 to hold the demand for its developing cryptocurrency uses. They became an independent cryptocurrency exchange after introducing Changelly Pro in 2016.

The Changelly Canada crypto exchange platform is incorporated with other massive crypto platforms such as Poloniex, Binance, etc. Changelly introduced Changelly Earn, Changelly Buy and Changelly instant swap to broaden its features and meet the rising demand in the blockchain industry.

It is very easy-to-use Changelly to trade. All you need is an email address and an internet browser. Changelly bids, pick and show the best rates on their platform. Once you have completed your trading, you will see the rate at the time of your transaction. Therefore, rates can vary a little.

The Bitcoin Mining pool MinerGate established Changelly to boost crypto to crypto buying and investments at low rates. Users can now easily swap Bitcoin for other cryptocurrencies because of its user-friendly interface. Changelly Canada has been a non-custodial cryptocurrency exchange since 2015.

You don’t need KYC verification or other registrations, which you will find on most exchange platforms. This is because it is a non-custodial exchange platform that sends your digital assets to an external software wallet rather than storing them. After you’ve bought a coin, you must save them in your own personal wallet.

Changelly Review - Comparewise

Features of Changelly

This part of the Changelly review explores the features of Changelly. Below, you’ll find Changelly’s most outstanding features.

Unidentified Trading

Changelly is an anonymous crypto exchange platform which is uncommon. The KYC (know your customer) verification is not compulsory when you trade using the Changelly platform. It is only compulsory if you want to purchase a cryptocurrency using money. Register with your email address to trade cryptocurrencies.

Fast Transactions

Changelly processes transactions swiftly. It typically takes from five to thirty minutes. It could take longer when processing large transactions, which depends on the blockchain’s capacity.

Accounts are Highly Protected

Funds are kept on an external platform to decrease the odds of hacking and losing private data. You will need to activate two-factor authentication for added protection.

High Exchange Limits

On Changelly, there is no cap on how much you can buy and sell after the 7-day point, but there are limitations on how much money you may trade in the first week.

24/7 Support

Changelly login gives you quality customer support. You can access the help center through the live chat feature with qualified personnel and support proposals, which receive a response within a few hours.

Changelly Pro

Using Changelly pro, you can access fair trading prices, over 40 markets, and an interactive interface to improve your trading chances.

Easy to Use and Register

You can easily register and use the Changelly login platform. It supports over 150 cryptocurrencies.

It Supports Many Fiat Currencies

Changelly collects over 80 fiat currencies, such as USD, CAD, AUD, etc. It provides many ways to purchase cryptocurrencies, such as via Apple Pay, SEPA, bank transfers, and credit cards.

Competitive Prices for Exchanges

Changelly works together with other leading crypto trading platforms to give the most competitive exchange prices.

Integrations with External Wallets

Trust Wallet, Ledger, and others are partners with Changelly. This partnership allows you to exchange cryptocurrencies directly from your wallet.

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Pros and cons of Changelly

This section of our Changelly review analyses the pros and cons of the Changelly exchange platform.

The pros of Changelly

Adequate Fees

Changelly puts a trading cost of below 0.5% on all trades compared to other exchange platforms.

Fast Exchange

You can quickly trade one crypto for another with deal processing in no less than 20 minutes.

Tight Security

Changelly’s tight security will make you rest assured that you’ll be free from any hacking experience.

The cons of Changelly

Costly Fiat Fees

Changelly offers minimal trading fees, but the costs for purchasing might be high if you are not trading crypto-to-crypto.

Floating Logo Rates

It is tough to keep prices under control because of the unstable nature of the exchange market.

Issue of Transparency

Concerns about transparency might arise since verification of KYC (know your client) is not required.

Crypto assets on Changelly

Changelly supports more than a thousand exchange pairings, hundreds of cryptocurrencies and fiat currencies. Let’s take a quick view of the crypto assets Changelly offers. This section of the Changelly review will assist you in finding the right Cryptocurrencies that are often used on Changelly. These are:

Changelly review: product and service quality

Do you want to know about this exchange platform’s service quality? This Changelly review section covers all you need to know.

Changelly is a great option for people who want to stay anonymous because the application doesn’t require any other steps, such as authentication and verification.

There are no rules and regulations like other cryptocurrency exchange platforms. You just need to give your email address and stay anonymous on the platform.

Also, Changelly is one of the internet’s most well-known and reliable exchange platforms. Since there is no need for verification processes, your identities are kept anonymous.

If you’re a registered user, you can keep your bitcoin on any of your wallets, not just Changelly, which does not hold it for registered users. Two-factor authentication is used to further safeguard your accounts.

Changelly has gained over 500 thousand users’ trust and has become one of the established secure cryptocurrency exchange platforms.

It offers excellent customer service, and its representatives can resolve issues among Bitcoin exchanges. You can also look through their frequently asked questions (FAQ), which include how their website and application work.

How to get started with Changelly

Other cryptocurrency exchanges operate somewhat differently from Changelly. Instead of requiring you to complete Changelly KYC, unlike other exchanges like Binance, Changelly lets you exchange one cryptocurrency for another simply by entering your email address. The following describes how to use Changelly step-by-step:

  • Select the cryptocurrency pair you want to trade. You have the option of exchanging at a fixed or fluctuating rate. Changelly will go through different exchangers and present the top deal along with any costs.
  • Enter both the funding wallet address and the destination wallet address to which your cryptocurrency funds will be transmitted.
  • Enter your email address to register or log in to your Changelly account.
  • Validate the transaction. Your coins will be delivered to your wallet in a matter of minutes, often between 24 and 40.

Changelly payment methods

On Changelly, you get access to over a hundred cryptocurrencies. The vast cryptocurrencies make it simple for you to easily exchange currencies. You might need to finish up some transactions to get your currency. This is because of the limited amount of trading pairs accessible on the crypto exchanges.

Using Changelly, you can generate your own trading sets with crypto given on the platform. You only need to choose the trading pairs, and it will handle the remaining transactions. Recently, Changelly added fiat currency functionality, including debit and credit card purchases. While you’ll like this creation, it’s crucial to be aware of the costs that come with it.

Buying crypto with a credit card on Changelly

It isn’t easy to get cryptocurrency with Changelly using a credit card.

  • Select a default currency from the widget’s menu
  • Pick the cryptocurrency you like to purchase and the fiat amount. Depending on the crypto-purchasing supplier you’ve selected, transaction limits are established. The website provides valid information on the prices and limits.
  • Review the price and the amount you will receive
  • Input the address of your crypto wallet to continue buying
  • You might need to input a 4-digit verification number in your email to confirm your email address.
  • Enter your billing, and residential addresses
  • Input your bank card information.
  • Identity documents will be requested if it’s your first purchase on Changelly. You must submit both the front and back of one of the following papers to verify your identity: driving license, national identity card, and international passport.
  • Provide a passport photograph as well. Although it might take up to 30 minutes, your identity can be validated in under 2 minutes.
  • Your transaction will be completed in 5 to 30 minutes. The entered email address will be used to send transaction information and crypto to your wallet.

Changelly buying limits

There isn’t any transaction limit when trading one cryptocurrency for another. However, fiat transactions have limits. These are:

  • For Canada, Australia and the USA, $50 is the maximum transaction limit. You can spend $100 on the next purchase in 4 days and $300 after a week. There should be only three payments maximum in the first week. No restrictions in a single month.
  • For the European Union, the first purchase has a $100 cap, the second one has a $200 cap, and the third one has a $500 cap after seven days. Six payments maximum in the first week.
  • For Russia, Ukraine, Armenia, and Georgia, $200 is the maximum for the first transaction. After days, the subsequent limit increase might be implemented. The overall max is $2000 for the first week.

Alternatives to Changelly

To make a final decision on using this exchange platform, you first need to see how they compare against competitors. This part of our Changelly review highlights several alternatives you might consider.

Changelly vs CoinSmart

Many fiat currencies and cryptocurrencies support Changelly more than CoinSmart. CoinSmart approves less than 20 cryptocurrencies compared to Changelly, which approves over two hundred. The cost of CoinSmart exchange is much higher than Changelly.

But CoinSmart is an incredible option for purchasing cryptocurrency with fiat because it has a modest financing cost compared to Changelly.

Changelly vs Coinbase

Coinbase gives an enormous range of over a hundred cryptocurrencies compared to Changelly, which gives more. Changelly gives more reasonable rates, from 0.1% on Changelly Pro and a flat charge of 0.25% on Changelly exchange compared to Coinbase, which gives 0.5%.

But Coinbase provides more cryptocurrency services than Changelly. They are incredible for users in the US, while Changelly is beneficial for non-US users.

Changelly vs Binance

Binance is a big cryptocurrency platform providing a wide range of crypto services, trading features, and tools. It is far more extensive than Changelly, supporting over 600 cryptocurrencies. You can access both Changelly and Binance anywhere around the globe.

Binance is terrific if you want to access and purchase many cryptocurrencies with your money. It is also an excellent option for exchanging cryptocurrency.

Changelly vs Shapeshift

Shapeshift is Changelly’s principal rival. It is a comparable exchange platform founded in 2014. Although Changelly is the less expensive platform, there isn’t much difference between the two from other users’ perspectives. Also, Shapeshift is more sincere about its policies and administrations.

Changelly mobile app

Both iOS and Android users can use the Changelly Mobile app. This software allows you to switch between cryptocurrencies. On the website, there are options for fixed and unfixed exchange prices.

Also, it gives the option to buy and sell cryptocurrency using fiat money through Changelly partner Simplex, which uses a credit or debit card. Changelly has added a cryptocurrency tracking board for keeping track of prices. It allows you to see prices for their best cryptocurrencies.

Changelly referral program

The Changelly referral program gives up to 50% of income if you refer the site to other people. You must have a registered account on the site to use its affiliate tools, such as a dashboard, buttons, widgets, referral links, etc. Then, you can invite your friends and family to use your Changelly referral link, widget, or dashboard on your website.

Also, you will gain up to 2% of the total profit for all crypto-to-crypto transactions and fiat-to-crypto transactions carried out by the people you invited.

Changelly fees and charges

The rates at which you purchase cryptocurrencies using Changelly are not fixed prices. On Changelly, the currency rate might change after you’ve bought it. It consistently receives the lowest bid when purchasing cryptocurrency. It gives fixed prices of less than 1% that are disclosed in full when you buy.

Changelly is mainly to provide you with the lowest rate quickly, not to get you the best rates. It is ideal for both new and old cryptocurrency users since the exchange platform prioritizes speed and simplicity.

Changelly review conclusion

As seen in this Changelly review, Changelly exchange is an anonymous trading platform that allows you to access over 200 cryptocurrencies. It is simple and user-friendly for users and helps solve more hard trades. It also helps you to stay within the exchange platforms and grow in line with the demand for cryptocurrencies.

Changelly gets added advantage for giving you and other users access to help from real people.

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FAQs about our Changelly review

Is Changelly Legit?

Yes, Changelly is legit. It is one of the most well-known and reliable exchanges on the internet. The business provides a variety of crypto exchanges and has never experienced a security breach. Changelly is a secure & fast cryptocurrency exchange program founded by Konstantin Gladych in 2015. It protects your identity and profile because no verification procedures are necessary. You can keep cryptocurrency on any of your preferred wallets, not just Changelly. For trading on its applications and website, it offers three secure payment options: credit card, debit card, and cryptocurrency transfer. There is nothing for you to worry about because Changelly protects its user identity.

Is Changelly a Scam?

No, it is not a scam. It's a safe & fast cryptocurrency exchange platform. Changelly is not just legal but is also relatively safe. There is no wallet or money management system at Changelly. Changelly has had no fraudulent activity since it was established in 2015. But occasionally, there are additional issues. For instance, some traders may have unintentionally transmitted Ethereum to an Ethereum classic address instead of Ethereum. When this occurs, the money may become stuck, and the transaction might not be complete. Even though Changelly offers excellent customer service, and their customer service representatives can resolve the issue. A trader may sometimes not get a complete return. Though it’s difficult to hold the crypto exchange responsible because the trader’s error was their own.

How Long Does Changelly Take To Exchange?

Within 5 to 30 minutes, a Changelly transaction can be completed. Processing a significant transaction worth over 1 bitcoin may require more time, depending on the size of your transaction. It is preferable to avoid carrying out huge cryptocurrency transactions to prevent lengthy waiting times for transactions.

Does Changelly Require KYC?

No, Changelly does not require KYC. Although it is not a prerequisite when using Changelly, Know Your Customer (KYC) is used to stop fraud. It is one of the most well-known and trustworthy online exchanges. And it does not demand KYC verification but is recommended. With these additional steps, it can collect some of your personal documents, including your ID, A photograph of you holding your ID, Facial verification, and proof of source of income. This requirement helps to reduce fraud, improves your security, and provides an additional sum for trading margin. Changelly uses KYC to increase security rather than requiring it before you can use the application.

Does Changelly Work In Canada?

Except for the nations listed below, Changelly is supported and accepted almost everywhere, including Canada.

  • Cuba
  • North Korea
  • Iran
  • Syria
  • The Crimea
  • Sudan
  • The United States of America
They are excluded from the Changelly platform. Changelly is still one of the best cryptocurrency exchange applications you can use in Canada. It offers a variety of your preferred payment methods, including Apple Pay, Bitcoin, Mastercard, and credit cards. It's also one of the best cryptocurrency exchange apps that run smoothly in Canada.

Is Changelly Free?

No, less than 0.5% transaction fees are added by Changelly to both fixed and flexible interest prices. A floating exchange rate depends on the market value, which is constantly liable to change. This indicates that the rate may differ from the beginning of your transaction to its conclusion. A fixed exchange rate guarantees the current exchange rate. You are given a set rate, but your transaction has to be finished within 15 minutes to get the discounted price.

Is Cryptocurrency Secure with Changelly?

Yes, it is secure. You can control your security when using Changelly. Changelly does not keep your funds because the exchange is not a custodial one that excludes a potential target for hackers in terms of security. Your assets remain in your wallet whether you use a hot wallet online or a hardware wallet kept offline. The most considerable danger you can face is entering incorrect wallet data while setting up a transaction. All cryptocurrency investments come with some level of risk because it is an erratic industry. Be sure to investigate any currency you get in addition to safeguarding your wallet using various procedures.

April 30, 2023
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