An Inside Look At The Changelly Cryptocurrency Exchange Service
Changelly is a cryptocurrency exchange based out of Prague in the Czech Republic. The platform was founded in 2016, by the same team that established MinerGate( a mining pool that offers a service that guides users through the cryptocurrency mining process.) In this article, i will review changelly s cryptocurrency exchange for 2019. I will delve into the merits of this crypto exchange including any pros and cons associated with it.
What Is Changelly?
Changelly is a cryptocurrency exchange service that allows you to trade almost any cryptocurrency out there. The service supports over 140 cryptocurrencies available for exchange. Since 2015, Changelly has gained more than 1.5 million users worldwide. Changelly highlights its fairness, trustworthiness, speed and prides itself for its top exchange rates and a simple to use intuitive interface.
How does it work?
Based on the cryptocurrency and amount of your choice, Changelly chooses the best cryptocurrency trade and then finds the best rate among many cryptocurrency exchanges. It then changes the money into your chosen cryptocurrency at the best rate, charging a 0.5% fee. This process is completed in milliseconds by a robot owned by Changelly that is integrated into the worlds biggest trading platforms such as Poloniex and Bittrex. This robot then delivers the newly converted crypto into your wallet. Note that the rates will remain approximate until the transaction is actually made on the Blockchain, which may cause the exchange rate of the transaction to differ slightly.
Changelly does not fix rates due to the fluctuation of cryptocurrency. Changelly offers the use of fiat currency via debit or credit card, to purchase cryptocurrencies but their fees are quite expensive if you go down that route, so this method is not recommended. Changelly’s fees are as follows:
- 0.5% commission on crypto to crypto rates
- 5% Changelly commission and 5% simplex processing fee on Debit/Credit card purchases.
Changelly does not have set amount restrictions, however at times there are cases when a minimum amount applies. If your amount is very low, you must ensure that it will cover all the costs required by the Blockchain. This means that the money you send and receive should be enough to cover the input and output fees taken by the Blockchain. However, for large amounts there are no restrictions at all.
Changelly accepts users form all over the world. They accept payments in any fiat currency but it will be converted to either the USD or Euro.
Security and Verification Levels
Changelly is a very safe and secure cryptocurrency exchange. A user’s cryptocurrency is not stored on the exchange but automatically goes to their own cryptocurrency wallet. No verification steps are required in order to keep identities safe. This service is trusted by over 2 million satisfied customers and continues to grow rapidly.
The support offered by Changelly is excellent in terms of cryptocurrency exchanges. Customer support can be contacted directly via email(firstname.lastname@example.org), social media and live chat. The website has a comprehensive FAQ section, where many of the common questions users may have, will be answered by their efficient and capable support team.
Pros and Cons
- Impressive limits and liquidity
- Safe and Secure cryptocurrency exchange
- Beginner friendly
- Accepted in every country
- Various Cryptocurrencies
- Competitive commission fees
- Easy and intuitive interface
- Accepts Credit/Debit card
- Unable to sell crypto for fiat money
- Fees may be higher than some other exchanges
- Credit/Debit card limits
Changelly is an excellent platform for buying and exchanging cryptocurrencies in a fast and easy way. They offer a wide range of crypto coin portfolio s and conveniently accept fiat deposits with Credit or Debit cards. Although facing drawbacks such as, low credit and debit card limits and fewer payment methods, Changelly is one of the most straight forward platforms when it comes to buying and exchanging cryptocurrencies. It is an excellent platform for those considering investing in cryptocurrencies. Personally, in this Changelly Cryptocurrency Exchange Review 2019, i would highly recommend the Changelly platform to exchange your cryptos as apposed to buying cryptocurrency using fiat currency because of cost. Changelly has simplified the process of exchanging cryptos and has made navigating the cryptocurrency arena a less daunting experience. ‘Click here‘ to join Changelly Cryptocurrency Exchange Service now, and enjoy your crypto journey.
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