Changelly really is an interesting service for exchanging cryptocurrencies. Their token swap function allows you to exchange coins of different blockchains without having to go through additional stages. This is convenient for users who want to exchange various cryptocurrencies quickly and safely.

The expansion of the functionality to the crypto exchange in 2020 demonstrates the company's commitment to meeting the diverse needs of customers. The support of more than 170 trading markets creates wide opportunities for trading cryptocurrencies.

It is important to note that the security and transparency of the exchange play a key role in choosing a platform for exchanging cryptocurrencies. Changelly provides information about commissions in advance, which helps users make an informed choice.

In general, Changely looks like a reliable and convenient cryptocurrency exchange service that tries to expand its capabilities to meet the needs of its users.

Features of the service

These are additional benefits of Changelly:

• A wide range of cryptocurrencies:

Support for more than 500 cryptocurrencies provides users with a wide variety of options for exchange.

• Currency versatility:

Support for more than 70 fiat currencies makes the service accessible to users from various countries, providing them with the convenience of exchanging cryptocurrencies for local currencies.

• Simple registration: 

The convenient and fast registration procedure makes the use of Changelly accessible to a wide range of users.

• Mobile application: 

Having your own mobile application ensures the convenience of using the service at any time and anywhere.

• Fixed commission: 

A pre-known and fixed fee simplifies the understanding of exchange costs, which allows users to plan their transactions more transparently.

• Token swap support: 

The token swap feature allows users to exchange coins from different blockchains without having to go through additional steps, which makes the exchange process more efficient and convenient.

Official website

The official website of the crypto exchange Changelly.com It impresses with its modern design, which combines restrained dark tones with bright accents, creating a pleasant visual impression. The website's interface is intuitive and easy to use, which makes the cryptocurrency exchange process accessible to a wide range of users.

The site has 5 main sections, each of which is responsible for a specific functionality:

• Exchange: 

This section offers a token swap feature, allowing users to exchange one cryptocurrency for another at the current market rate.

• Buy: 

In this section, users can purchase cryptocurrency for fiat money, which makes the process of entering the world of cryptocurrencies more accessible.

• To sell: 

Here, users can sell cryptocurrency for fiat money with the ability to withdraw funds to a card, providing convenience and flexibility in transactions with cryptocurrency.

• DeFi Exchange: 

This section offers the exchange of over 500 DeFi tokens, opening up opportunities for participation in decentralized finance.

• Trading: 

Provides a fully functional exchange platform Changelly, where users can conduct trading operations with cryptocurrencies.

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Available Cryptocurrencies

Changelly stands out among crypto exchanges for its extensive selection of cryptocurrencies. Users can exchange more than 500 coins, including DeFi tokens. A unique feature is the ability to exchange coins of various blockchains, while transactions are carried out at the market rate.

A simple and convenient way to view all available cryptocurrencies directly in the form of an exchange is available on the platform. The top five in the list displays the most popular coins that are regularly updated. Among the popular currencies on Changelly are:

• BTC (Bitcoin) and ETH (Ethereum), which occupy leading positions. These are fundamental cryptocurrencies with high capitalization, which are often purchased with fiat money.

• Stablecoins are cryptocurrencies with a stable exchange rate pegged to the US dollar. The most popular of them on the platform are USDT (Tether) and USDC (USD Coin), as well as the opportunity to buy BUSD and DAI.

• XRP (Ripple) and LTC (Litecoin), which are also in high demand. They are often used for online payments due to the low transaction fees in the respective blockchains.

Thus, Changelly provides ample opportunities for the exchange and purchase of various cryptocurrencies, taking into account the interests and preferences of diverse users.

Payment options

Changelly itself offers only a token swap option, that is, the exchange of one cryptocurrency for another. However, the service of selling or buying cryptocurrencies with public money is available through fiat providers such as Simplex, Mercuryo and Banxa. Website Changelly.com here he acts as an intermediary between the user and the provider.

The platform offers three payment options:

• From a crypto wallet.

• Using Visa/MasterCard cards.

• Via SEPA transfer.

Note that Swift transfers are only available in USD and EUR.

At the first exchange operation, you must specify your e-mail and confirm it, and then enter your full name. This is equivalent to passing verification, and it is important that the first and last name match the data about the owner of the card for which the application is being made. Such measures ensure the security and protection of users from fraud.

Fees and limits

On the Changelly platform, users can exchange cryptocurrencies at the market rate. The transaction fee is 0.1%, but the blockchain fee must also be taken into account. There is also a fixed exchange rate option where the current market price is "frozen" for 30 seconds.

When buying cryptocurrency for fiat through the Simplex service, the user will have to pay an additional 3.9%. To exchange tokens for the state currency and withdraw money to the card, you must pay a commission of 3.95%.

The minimum limits for the exchange of cryptocurrencies are:

• BTC - 0.0031726

• ETH - 0.099

• USDT - 153

• XRP - 300

• USDC - 117

• LTC - 1.44

• MATIC -  110

The minimum amount to buy or sell cryptocurrencies for fiat is 15 EUR, 10 USD or 1847 UAH. It is important to note that these limits depend on the current market rate of the cryptocurrency chosen for purchase or sale and may change regularly.

Mobile application

Changelly offers its users a fully functional mobile application for devices based on Android and iOS operating systems. This application provides convenient access to the main functions of the cryptocurrency exchanger and exchange directly from your mobile device.

The interface of the mobile application practically does not differ from the official website, which provides a unified and user-friendly user experience. Users can easily exchange cryptocurrencies, conduct trading operations and use other functions of the platform directly through the mobile application.

To download the app, users can find links to the app page in the relevant app stores, such as the App Store for iOS devices and Google Play Market for Android devices. Such links simplify the process of downloading and installing the application, providing maximum convenience for users.

What you should pay attention 

When using the Changelly crypto exchange, it is important to be careful when specifying the details. There is no function for saving wallet addresses in your personal account, so you will have to specify them again each time. Pay attention to the network for the transfer of cryptocurrency, which is indicated in the application form. When making a transaction, make sure that the selected wallet supports transfers on the specified network.

For example, if you are going to buy tokens of the ERC-20 standard, but specified a TRC-20 network wallet, the cryptocurrency may be irretrievably lost. In this case, the administration of the exchanger will not be able to provide assistance.

You should also be careful when specifying the card number for crediting funds. It is not possible to change the data after the exchange request is approved. Therefore, it is important to carefully check all the details before completing the transaction in order to avoid unforeseen errors and losses.

Advantages of Changelly

Changelly offers a wide range of cryptocurrencies and coins for trading, which provides a variety of investment opportunities for users. The speed of transactions on the exchange is high, which allows you to quickly respond to changes in the market.

In addition to the exchange, Changelly provides a fast cryptocurrency exchange service, which provides convenience and flexibility in conducting transactions. The commissions on the platform are among the lowest in the segment, which makes the exchange and trading more profitable for users.

The exchange also offers a profitable program for partners, which allows users to receive additional benefits for attracting new customers. The free multi-currency wallet provided by Changelly provides convenient and secure storage of various cryptocurrencies.

The list of altcoins on the platform is regularly updated, which opens up new investment opportunities for users. In addition, a powerful training program and analytics help users master the world of cryptocurrencies and make informed investment decisions.

Disadvantages of Changelly

Although Changelly offers many benefits to users, it is worth noting some limitations of the platform. In particular, the lack of pairs with fiat funds limits the possibility of exchanging cryptocurrencies directly into government currencies. This means that users cannot directly buy or sell cryptocurrencies for dollars, euros and other fiat currencies on the Changelly exchange.

In addition, the platform does not offer private investment, which limits the ability of users to participate in specific investment strategies, such as investing in cryptocurrency funds, ICOs or private offerings.

These limitations should be taken into account when choosing a platform for trading and investing in cryptocurrencies, as they can have an impact on users' capabilities and their investment strategies.

Is it possible to make a transaction without verification?

Mandatory registration is required to use the Changelly exchanger. Creating an account on the platform is very simple: just enter your e-mail or log in through your social media account. Verification is not required, however, when selling cryptocurrencies for fiat via Mercuryo, confirmation of the email address will be required, and then also the full name. 

Although the registration process is simple and fast, it ensures the security and protection of the user's account, as well as allows you to use additional features of the platform, such as wallet management and transaction history.

How often is the course updated?

Changelly carries out the exchange at the current market rate, which is updated on average every 30 seconds. Users can select the details of the exchange in the application, including the type of exchange rate: floating or fixed.

When choosing a floating exchange rate, the amount credited to the wallet may differ slightly from the amount indicated in the interface of the exchanger, both downwards and upwards. This is due to a change in the market rate during the processing of the application.

If a fixed exchange rate is chosen, the exchange will be carried out strictly according to the exchange rate specified in the application, which ensures greater predictability and stability as a result of the transaction.

Safety

Changelly, as a non-custodial exchanger, does not store user keys. This means that users do not transfer access to their wallet and do not connect it to the service. This contributes to increased security, as often storing wallet keys requires trust in the platform.

For additional account protection, users can enable two-factor authentication. This enhances security by requiring confirmation of account login via an additional device or application.

The Changelly website uses an encrypted connection protocol and anti-phishing protection, including protection in mailings. These measures help to prevent attacks on users' personal data and ensure the security of operations on the platform.

Reviews

Reviews of Changelly are really easy to find, given its wide popularity. Most customers note its convenience when conducting a token swap and trading cryptocurrencies on the stock exchange, although some also use it to buy and sell cryptocurrencies for fiat. However, the high fees of the fiat providers that Changelly cooperates with may deter from this option.

Despite the additional fees, many users note that exchange rates on Changelly often turn out to be more profitable than those of competitors. In addition, many consider Changely as an exchange, thanks to its rich selection of trading pairs, fast transactions, minimal commission and convenient trading terminal.

Users highly appreciate it for fast transactions, a large selection of available cryptocurrencies and a user-friendly interface, which confirms its popularity and reliability in the eyes of customers.

Support Service

Changelly's support team guarantees readiness to help users at any time of the day via online chat, providing prompt solutions to emerging issues and problems. They try to ensure the highest level of customer satisfaction by providing high-quality and timely support.

In addition to the online chat, a FAQ and a blog are also available on the Changelly website. In the FAQ section, users can find answers to the most common questions about the platform, the exchange process, and other aspects of using the service. The blog contains information about the latest news, platform updates, as well as articles and guides on cryptocurrencies and trading. These resources help users to get the necessary information and resolve issues on their own, which contributes to a more efficient use of the platform.