Read our SEO-friendly Changelly review 2023 to know if it’s safe and legit. Learn about its features, advantages, and disadvantages. Get insights on Changelly’s privacy, security, trading, fees, payment methods, and more
Table of Contents:
- What is Changelly?
- Features of Changelly
- Advantages and Disadvantages of Changelly Review
- Sign-Up Process at Changelly
- Purchasing Crypto at Changelly with a Credit Card
- What Cryptocurrencies Can You Buy on Changelly?
- Limits and Liquidity
- Changelly Privacy
- Security and Verification Levels
- Is Changelly trustworthy?
- Trading on Changelly
- Changelly Fees
- Is Changelly anonymous?
- Does Changelly Require ID verification?
- Buying With a Credit Card
- Payment Methods
- Is Changelly secure?
- Where is Changelly located?
- Does Changelly have a wallet?
- Our Verdict: Exchange Fees, Safety, Use Case, and More
- Related sources to topic
Introduction In recent years, cryptocurrency has gained a lot of popularity, and the use of digital currencies has become more widespread. Changelly is a cryptocurrency exchange platform that allows users to buy, sell, and exchange different types of cryptocurrencies. However, with the rise of scams and frauds in the crypto world, it’s important to investigate whether Changelly is safe and legit. This article will review Changelly, its features, advantages and disadvantages, sign-up process, purchasing crypto, security and verification levels, fees, anonymity, payment methods, and more.
What is Changelly?
What is Changelly? Changelly is a cryptocurrency exchange platform that allows users to buy, sell, and exchange different types of cryptocurrencies. It was founded in 2015 and is headquartered in Prague, Czech Republic. Changelly allows users to convert one cryptocurrency to another without the need to create an account. Changelly acts as a mediator between the user and the cryptocurrency exchange, finding the best exchange rate and executing the transaction on behalf of the user.
Features of Changelly
Features of Changelly Changelly has several features that make it stand out from other cryptocurrency exchange platforms. Some of the features include:
- Simple and intuitive interface: Changelly has a user-friendly interface that makes it easy for users to buy, sell, and exchange cryptocurrencies.
- Wide range of cryptocurrencies: Changelly supports over 200 cryptocurrencies, making it one of the most versatile exchange platforms in the market.
- Instant exchange: Changelly’s exchange process is quick and seamless, allowing users to convert one cryptocurrency to another instantly.
- Low fees: Changelly charges low fees for its services, with a fee of 0.25% per transaction.
- Mobile app: Changelly has a mobile app that is available on both iOS and Android platforms, allowing users to trade cryptocurrencies on the go.
Advantages and Disadvantages of Changelly Review
- Changelly supports over 200 cryptocurrencies, making it one of the most versatile exchange platforms in the market.
- Changelly’s exchange process is quick and seamless, allowing users to convert one cryptocurrency to another instantly.
- Changelly charges low fees for its services, with a fee of 0.25% per transaction.
- Changelly has a mobile app that is available on both iOS and Android platforms, allowing users to trade cryptocurrencies on the go.
- Changelly’s fees may be higher compared to other cryptocurrency exchange platforms.
- Changelly requires users to provide personal information to use its services.
- Changelly’s customer support is not available 24/7, which may be inconvenient for users in different time zones.
Sign-Up Process at Changelly
Sign-Up Process at Changelly Creating an account with Changelly is easy and straightforward. Users can sign up for an account by following these steps
- Sign-Up Process at Changelly Creating an account with Changelly is easy and straightforward. Users can sign up for an account by following these steps:
- Visit the Changelly website and click on the “Sign up” button.
- Enter your email address and create a password.
- Verify your email address by clicking on the verification link sent to your email.
- Provide additional personal information, including your name, phone number, and country of residence.
- Accept the terms and conditions of the platform.
- Complete the sign-up process by clicking on the “Create account” button.
Purchasing Crypto at Changelly with a Credit Card
Purchasing Crypto at Changelly with a Credit Card Changelly allows users to purchase cryptocurrencies using a credit or debit card. The process is straightforward and can be completed in a few simple steps:
- Log in to your Changelly account.
- Click on the “Buy crypto with a bank card” button.
- Select the cryptocurrency you want to purchase and enter the amount you wish to buy.
- Enter your wallet address where you want the cryptocurrency to be sent.
- Provide your credit card details, including the card number, expiration date, and CVV code.
- Verify your identity by providing a photo of your ID card or passport and a selfie.
- Confirm the transaction and wait for the cryptocurrency to be deposited into your wallet.
What Cryptocurrencies Can You Buy on Changelly?
What Cryptocurrencies Can You Buy on Changelly? Changelly supports over 200 cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and many more. The platform also allows users to exchange one cryptocurrency for another, making it a versatile exchange platform.
Limits and Liquidity
Limits and Liquidity Changelly has different limits and liquidity depending on the cryptocurrency and payment method. The limits range from $50 to $20,000, with a maximum transaction amount of $50,000 per day. The liquidity also varies depending on the cryptocurrency and market conditions.
Changelly Privacy Changelly takes user privacy seriously and does not store personal information on its servers. The platform only requires users to provide their email address, which is used for verification and communication purposes. However, Changelly may collect non-personal information, including IP addresses, browser types, and operating systems, for statistical analysis and improvement of its services.
Security and Verification Levels
Security and Verification Levels Changelly uses advanced security measures to protect user funds and personal information. The platform uses SSL encryption to secure all data transmitted between the user’s browser and Changelly’s servers. Changelly also uses two-factor authentication (2FA) to prevent unauthorized access to user accounts.
Changelly has different verification levels, depending on the amount and frequency of transactions. The verification levels range from basic to enhanced, with higher levels requiring more personal information and documentation.
Is Changelly trustworthy?
Is Changelly trustworthy? Changelly has been in operation since 2015 and has a good reputation in the cryptocurrency community. The platform has processed over 2 million transactions and has a rating of 4.5 stars on Trustpilot, with many positive reviews from satisfied customers. However, as with any cryptocurrency exchange platform, there is always a risk of fraud or hacking, so users should exercise caution when using Changelly.
Trading on Changelly
Trading on Changelly Changelly allows users to trade cryptocurrencies by exchanging one cryptocurrency for another. The platform finds the best exchange rate and executes the transaction on behalf of the user. The trading process is quick and seamless, and users can monitor their transactions in real-time.
Changelly Fees Changelly charges a fee of 0.25% per transaction, which is competitive compared to other cryptocurrency exchange platforms. The platform does not charge any additional fees for deposits or withdrawals, and the exchange rate is guaranteed at the time of the transaction.
Is Changelly anonymous?
Is Changelly anonymous? Changelly does not require users to provide their full personal information, such as their name, address, or ID card. Therefore, users can remain relatively anonymous when using the platform. However, Changelly may ask for additional information and documentation for high-value transactions, which may compromise user anonymity.
Does Changelly Require ID verification?
Does Changelly Require ID verification? Changelly requires users to verify their email address and phone number during the sign-up process. For higher transaction limits, users must undergo a verification process that involves providing personal information and documentation, such as an ID card or passport. The verification process is quick and straightforward, and users can increase their transaction limits and access more features on the platform.
Buying With a Credit Card
Buying With a Credit Card Changelly accepts payments from Visa and Mastercard debit and credit cards. The platform charges a fee of 7% for credit card transactions, which is higher than other payment methods. However, credit card transactions are processed instantly, and users can receive their cryptocurrency within minutes.
Payment Methods Changelly supports various payment methods, including bank transfer, credit and debit card payments, and cryptocurrency transfers. Each payment method has its advantages and disadvantages, including processing time, transaction fees, and transaction limits. Users should choose the payment method that best suits their needs and preferences.
Is Changelly secure?
Is Changelly secure? Changelly uses advanced security measures to protect user funds and personal information. The platform stores the majority of user funds in cold storage, which is offline and inaccessible to hackers. Changelly also uses two-factor authentication (2FA) to prevent unauthorized access to user accounts. Additionally, Changelly’s servers are located in secure data centers with advanced security protocols and 24/7 monitoring.
Where is Changelly located?
Where is Changelly located? Changelly is based in Malta and has a team of over 50 professionals with extensive experience in the cryptocurrency industry. The company is registered with the Maltese Financial Services Authority (MFSA) and complies with EU regulations on anti-money laundering (AML) and know-your-customer (KYC) procedures.
Does Changelly have a wallet?
Does Changelly have a wallet? Changelly does not have a wallet, but users can send and receive cryptocurrencies to and from their personal wallets. Changelly supports over 200 cryptocurrencies, and users can exchange one cryptocurrency for another or purchase cryptocurrencies with fiat currency or other cryptocurrencies.
Our Verdict: Exchange Fees, Safety, Use Case, and More
Our Verdict: Exchange Fees, Safety, Use Case, and More Changelly is a reliable and user-friendly cryptocurrency exchange platform that offers a wide range of cryptocurrencies and payment methods. The platform’s competitive fees, quick transaction times, and advanced security measures make it an attractive option for both novice and experienced cryptocurrency traders. However, the platform’s 7% fee for credit card transactions and the lack of a built-in wallet may not be ideal for some users. Overall, we recommend Changelly as a trustworthy and convenient platform for buying, selling, and exchanging cryptocurrencies.
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