Learn how to instantly buy and sell cryptocurrencies with Changelly. Learn more about the exchange’s features, available cryptocurrencies, payment methods, supported countries, fees, and the pros and cons of using this service.
Instant buy and sell
Very good selection of cryptocurrencies
Changelly was launched in 2015 and was headquartered originally in the Czech Republic. MinerGate - a group with an excellent track record in the crypto market, originally founded this exchange. Headquarters were later moved to Hong Kong, and MinerGate is not involved in Changelly operations anymore. Eric Benz, who has extensive experience in the fintech space, is the CEO of Changelly. Changelly is widely known for its instant crypto-crypto services.
Changelly is one of the oldest instant exchanges in the crypto market. It has harnessed the trust of millions of users since its inception. Most of the features & functionalities of Changelly are similar to other exchanges. However, it is loaded with some bells and whistles that give it a definite edge over the competition. Let us look into some of those distinctive features.
With Chagelly Pro, customers may select up to 13 fiat currencies to purchase crypto.
Changelly is accepted worldwide except for the below countries.
Cuba, North Korea, Iran, Syria, Crimea, Sudan, United States of America (including all USA territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island), and the US Virgin Islands (St. John, St. Croix, and St. Thomas), Bangladesh and Bolivia, and countries subject to the United Nations Security Council Sanctions List and its equivalent are exempted.
Changelly allows two types of Exchange rates: Fixed-rate and Floating rate.
“The crypto swap platform has gained the trust of users over several years by providing a stable, transparent, fast and user-friendly interface to swap crypto assets quickly to another and also buy crypto with a debit or credit card.” https://www.hedgewithcrypto.com/changelly-review/
“There is no doubt that the whole industry is struggling to provide reliable customer service. For the most part, Changelly seems to be doing a respectable job with a relatively high satisfaction score on TrustPilot.” https://99bitcoins.com/bitcoin-exchanges/changelly-review/
“The main thing to remember is to not use changelly for fiat trades because the exchange rates are ridiculously high.” https://99bitcoins.com/bitcoin-exchanges/changelly-review/
Changelly is a non-custodial cryptocurrency exchange service. Non-custodial means the users’ funds are not stored on the exchange or in any cold storage wallets, unlike other popular exchanges. Changelly simply takes the funds/cryptos deposited by users, exchanges them for the desired crypto, and then transfers back the selected crypto to the user’s wallet. The non-custodial feature of Changelly rules out the possibility of hacking or any malicious activity. Here, the user is in charge of his/her keys and funds. For added security, the users’ accounts are protected by a secure 2 Factor Authentication. That being said, the user needs to ensure that he/she sends the outgoing funds to the correct wallet address supplied by Changelly and provides Changelly with the correct wallet address for the incoming funds. In other words, Changelly allows users to conduct a more secure transaction but also places more responsibility on the user.
Changelly is one of the most trusted cryptocurrency exchange services, with over 2 million users on its website. The exchange has garnered a lot of positive reviews. The Google play store has rated its app as 4.5/5. The platform also has a reliable 1350 reviews on Trustpilot. Hence we can say that Changelly is 100% legit.
Changelly transactions usually take approximately between 5-30 minutes. However, processing large transactions may take longer, depending on the transaction size and blockchain capacity.
Yes. Changelly now accepts debit and credit cards for the purchase of crypto assets. A 3D secure card can be used for the payment from any country and in any currency.
No. Changelly does not offer a wallet service. The exchange operates as a non-custodial service and does not store funds in any wallet.
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