Changelly is a cryptocurrency exchange and brokerage that lets you trade, buy, and sell cryptocurrency assets. With a large number of tokens available and an easy-to-use platform, you might want to consider opening an account with Changelly to improve your trading.
But is this platform the best option for your needs? Our Changelly Crypto review will help you decide.
History of Changelly Crypto
Founded in 2015, Changelly focused on providing a faster, more streamlined experience for cryptocurrency investors. The company has grown steadily since its inception, adding over 200 cryptocurrency assets to its list of offerings and expanding its traffic to over 1 million users every month.
Originally founded as an exchange to allow users to trade cryptocurrencies, Changelly has expanded to include buying and selling services through third-party brokerage partnerships, a more advanced Pro platform, and a new Earn feature that allows influencers to earn a portion of Changelly’s revenue.
Changelly Crypto provides users with a wide range of tools and services that make it easy to buy, sell, convert, transfer, and return on your cryptocurrency investments.
Let’s take a look at some of Changelly’s most useful features.
Quick and intuitive exchanges
If you’ve never used a cryptocurrency exchange before, you’ll love Changelly’s simple and intuitive user interface. Simply enter the cryptocurrency you have in your wallet and choose the cryptocurrency you want to trade with.
Changelly will show you how many coins or tokens you will receive after the exchange closes, along with your exchange rate. After completing your order form, you can see the network fees and Changelly fees displayed directly and subtracted from the total number of tokens or coins that will be deposited into your wallet.
Changelly even provides you with an estimated completion time based on current network conditions and congestion.
Changelly makes it easy to track your fee spend by establishing network and exchange fees before converting. You’ll even receive an estimate of when you can expect the trade to clear.
Floating or fixed exchange rates
Unlike some types of asset markets (like the stock exchange or commodities market), the cryptocurrency market is open for active trading 24/7. investors, it also means that conversion rates and prices can change at any time.
Changelly allows you to lock in your exchange rate when trading some of the most popular cryptocurrencies.
Changelly makes it easy to control the conversion rate you’ll see by offering fixed and floating rate pricing. When you select variable rate pricing, you pay the current market conversion rate.
When you choose fixed rate pricing, Changelly locks your exchange rate at the current most favorable rate and holds that rate for up to 30 seconds while you close your transaction.
Large and responsive market
Whatever cryptocurrencies you are looking to buy and sell, chances are you can do it through Changelly. The platform supports a huge range of over 170 tokens and coin offerings, ranging from large-scale offerings like Bitcoin and Ethereum to smaller projects like Ravencoin and Komodo.
Changelly’s easy buying platform is perfect for beginners and those who want to trade using a currency in addition to the main fiat options.
Changelly’s buy market is also designed for newcomers to the cryptocurrency space. The list of fiat currencies supported by Changelly includes everything from US Dollars to Egyptian Pounds – just select your currency, enter the amount you want to spend on your investment and Changelly will instantly offer you a list of the best rates on the market and where you can use them.
Buy with a credit card or Apple Pay? Select your payment type to narrow investment platform options. Changelly’s location-based trading makes it easier to find brokers that support your state or country and find the best rate without opening accounts on multiple platforms.
Changelly is focused on providing simple and transparent pricing. When you place an order to exchange crypto, you pay a 0.25% fee to Changelly as well as any network fees necessary to complete the transaction on your wallet. These fees are significantly lower than most other crypto exchanges which charge around 2.5% per trade. Although crypto trading on Robinhood is free, the lack of access to your cryptocurrencies on Robinhood limits how you can make money from your crypto.
While these fees change depending on the cryptocurrency you are transferring and market demand, Changelly provides you with a price breakdown before you execute your trade. Any necessary fees are deducted from the total amount of crypto you receive when you close your exchange.
When you place a buy or sell order, Changelly will include all brokerage and network fees in the final transaction. This allows you to easily compare offers on partner platforms and confirm that you are getting the best price before placing your order.
Benefits of Changelly Crypto
Changelly offers tons of advantages over competing exchanges. Some of our favorite features include:
- A simple and transparent platform: Even if you have never bought or sold cryptocurrency before, you will have no trouble using Changelly to start trading crypto. Simply select the crypto you want to buy, sell or trade, select the currency you want to use to complete your transaction. Then just do 1 click to complete. You’ll even see the fees you’ll pay before placing your order.
- Quick Transactions: When buying or sending cryptocurrency, it may take up to 30 minutes to see your investment in your wallet. When you choose Changelly, you won’t need to worry about how long it will take for your transaction to close – you’ll see an estimate when you place your order, and many transactions close in as little as 5 minutes.
- Instant comparisons: Have you ever wondered if it is possible to find a better exchange rate when buying or selling crypto? Changelly makes it easy to compare rates between platforms and even tells you where to find the best rates based on price and transaction time.
- 24/7 live chat support: Changelly provides users with 24-hour live chat support, so wherever you are, there’s help available.
Changelly offers a few methods you can use to get in touch with customer service:
- By live chat: Changelly is one of the only cryptocurrency brokerage platforms we’ve seen that offers 24-hour live chat. When we tested Changelly’s live chat support, we received an almost instantly.
- Per support ticket: If you are having a specific issue with an existing Changelly account, you can submit a support ticket through Changelly’s system here.
- By email: To request help from Changelly via email, send a message to [email protected]
Changelly also has a comprehensive FAQ that includes answers to some of the most common account-related questions.
With an intuitive platform, plenty of options to customize your shopping experience, and one of the largest ranges of available fiat currencies and cryptocurrencies we’ve seen, there’s a lot to love about Changelly.
Whether you are a new investor looking for a simple buying experience or a seasoned professional interested in high buying limits and numerous coin offers, Changelly offers something for everyone. In the future, we would like to see Changelly add telephone support for customers and customers living with visual limitations.