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General Overview Changelly is an anonymous cryptocurrency exchange service that enables users to trade almost any cryptocurrency in circulation. The company touts itself as an intermediary between cryptocurrency exchanges and users by allowing access to more than 150 cryptocurrencies. Changelly mission is to make the exchange process convenient and assessable to everyone who wants to invest in cryptocurrency. The main advantage of Changelly is that it allows users to buy and sell cryptocurrency instantly without the user requiring to verify his/her identity or to register at any crypto exchange.

Background Founded in 2015 by CEO Eric Benz, Eric has over 10 years of experience in financial technology and has been working in and around the Blockchain space since 2012.

Headquartered in Malta, Changelly was initially affiliated with the Minergate. The company utilizes an automatic trading robot by integrating major cryptocurrency trading platforms, including Binance Poloniex, and Bittrex. Changelly operates by making asks and bids on various crypto exchanges to come up with the most favorable rates on trading pairs.

Regulation and Security Changelly is regarded as a major instant cryptocurrency exchange with over 2 million users globally. The company offers safe and quick transactions without revealing customer identities and provides the best possible rates when compared to other major cryptocurrency exchanges. Besides, the company provides trading with more than 140 cryptocurrencies. Other major advantages of trading on Changelly are: 1. Zero deposit storage. 2. Instant exchange. 3. All accounts are protected with the 2-factor authentication process and an HTTPS protocol.

Fees 1/4

Changelly charges a 0.5% fee for all trades. For trades involving fiat currency (dollars, euros, etc.), the company claims to maintain the 0.5% static fee, but the rates will likely be much higher due to the exorbitant exchange rates.

Limits There is no limit on the transaction amount when buying and selling cryptocurrencies on Changelly. However, there are buying limits when it comes to fiat currency transactions. 1. USA, Canada, and Australia – For the first transaction, the limit is $50.

The next trade can be executed in 4 days and the limit is $100. The next purchase can be after 7 days of the first transaction and is limited to $500. A maximum of 3 payments can be done in the first week. No limits are applicable in one month. 2.

Russia, Belarus, Ukraine, Kazakhstan, Georgia, Armenia – $200 limit for the initial transaction. 24 hours is required for the next limit increase. The total allowed limit is $2000 for the first week and $10000 for the first month. 3. European Union (EU) and other countries – For the first transaction the limit is $100. The next trade can be executed in 4 days and the limit is $200. The next purchase can be after 7 days of the first transaction and is limited to $200. A maximum of 3 payments can be done in the first week. No limits are applicable in one month. A maximum of 6 payments can be done in the first week. No limits are applicable in one month. Limits for buying bitcoin with credit cards: 1. First transaction: from $50 – $10,000 2. Daily limit: up to $20,000 3. Monthly limit: up to $50,000

Currencies and Payment Methods Changelly offers users to buy and sell over 140 different cryptocurrencies on its website directly with minimal concerns. Users can exchange any two cryptocurrencies, unlike other cryptocurrency trading platforms where they only offer a limited selection of trading pairs. This makes the trading process complicated and lengthy as sometimes the users have to perform multiple transactions to get the cryptocurrency they want. With Changelly, you have the option to design your own trading pairs with any of the available cryptocurrencies offered on the platform for a single transaction. Just select the trading pair you desire and the software will do the rest. Changelly has also added fiat currency support as well as the integration of credit and debit card purchases on its platform. Changelly supports the following cryptocurrencies as of now: 1. Bitcoin 2.

Ethereum 3. XRP 4. ABYSS 5. Cardano 6. Aion 7. Synereo 8. Aragon 9. Ardor 10. ARK 11. Aeron 12. Cosmos (ATOM 13. Basic Attention Token 14. Bitcoin Diamond 15. Bitcoin Cash 16. BitDegree 17. BETR 18. BANKEX 19. Binance token 20. Bancor Network Token 21. Bread Toke 22. Bitcoin SV 23. Bitcoin Gold 24. BitTorrent 25. Civic 26. Dai 27. Dash 28. Dentacoin 29. Decred 30. DENT 31. DigiByte 32. DigixDAO 33. Digitex Futures 34.

District0x 35. Dogecoin 36. Edgeless 37. Enjin Coin 38. EOS 39. EOSDT 40. Ethos 41.

Crypto euro (EURS) 42. FunFair 43. Gas 44. Gnosis 45. Golem 46. Groestlcoin (GRS) 47. Guppy 48. Gemini Dollar (GUSD) 49. Humaniq 50. Huobi Token 51. Ignis 52.

Komodo 53. Kyber 54. Chainlink 55. Loopring 56. Lisk 57. Litecoin 58. Lunyr 59.

MaidSafeCoin 60. Monaco 61. Mithril 62. Maker 63. Neo 64. Nexo 65. NGC 66. Nimiq 2/4

67. Numeraire 68. BuyExchange 69. Nxt 70. OmiseGo 71. Ontology 72. Particl 73. Paxos Standard Token 74. TenXPay 75. Red Pulse Phoenix Binance 76. Pillar 77. PumaPay 78.

POLY 79. Power Ledger 80. ProCurrency 81. Patientory 82. Quantum 83. Ripio Credit Network 84. Augur 85. iEx.ec 86. Salt 87. SmartCash 88. Storj 89. Stratis 90. Stox 91.

Swarm City 92. Telcoin 93. Trustcoin 94. Tron 95. TrueUSD (TUSD) 96. USDCoin (USDC) 97. Tether USD 98. Tether ERC20 99. VeChain 100. Viberate 101. Waves 102.

Wings DAO 103. Waltonchain 104. XEM 105. Stellar 106. Monero 107. Bitcoin Rhodium 108. Tezos 109. Verge 110. Zap 111. Zcash 112. Horizen 113. 0x Protocol Token

Supported Countries Almost every country in the world except: the United States of America (including all USA territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John and St. Thomas), Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh and Bolivia. Countries that are subject to the United Nations Security Council Sanctions List are also not able to use Changelly’s services.

Frequently Asked Questions Does Changelly accept debit cards?

Yes, Changelly allows debit cards for all cryptocurrency purchases.

How Long Does Changelly Take It Require Exchange Between Cryptocurrencies?

All Changelly transactions generally take between 5-30 minutes. Transactions more than 1 BTC have a can take longer processing time depending on their size.

Conclusion: Is Changelly Safe to Use? There is one thing Changelly does right: Users can easily and quickly trade cryptocurrencies as they wish. Though Changelly charges a 0.5% cryptocurrency trading fee, it is pretty low when compared to other cryptocurrency exchanges. One thing to keep in mind here is not to use Changelly for trading fiat currencies because the exchange rates are exorbitantly steep. Besides the company does not seem to be transparent given the owners are unwilling to disclose their identities and business operations, which raises the question of customer protection if something goes awry.

That being said, Changelly does not hold any cryptocurrencies in an account because it uses it to fund large exchanges before depositing it to the customer’s chosen wallet. On the bright side, the customer support team at Changelly is quite responsive according to some customers and has static-rate fees.

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