Changelly has established itself as a prominent player in the cryptocurrency exchange landscape since its launch in 2015. Originally founded by MinerGate and headquartered in the Czech Republic, the company later moved its base to Hong Kong. Under the leadership of CEO Eric Benz, a fintech industry veteran, Changelly has built a strong reputation for its instant crypto-to-crypto exchange services, serving millions of users worldwide.
Key Features of Changelly
Changelly distinguishes itself through several notable features that cater to both novice and experienced cryptocurrency traders.
Flexibility and Best Rates
The platform integrates with leading exchanges like Binance, Poloniex, and Bittrex to aggregate the best available rates for cryptocurrencies. It locks in the displayed price until the user completes the transaction, ensuring traders get the most favorable terms for their swaps.
Non-Custodial Service
Unlike many traditional exchanges, Changelly operates as a pure intermediary service. It never holds user funds at any point during the transaction process, significantly reducing security risks associated with custodial platforms.
Instant Trading Without Registration
One of Changelly's most convenient features is the ability to execute crypto swaps without creating an account. This streamlined approach makes it exceptionally user-friendly for those seeking quick transactions.
User-Friendly Interface
The platform offers a stable, transparent, and beginner-friendly interface that facilitates rapid cryptocurrency exchanges. Its design prioritizes simplicity without sacrificing functionality.
Cross-Platform Trading
Changelly supports trading through multiple access points including their website, mobile application, and integration with popular third-party wallets like Trezor, Ledger, Exodus, and Jaxx.
Enhanced Security Measures
The platform enforces two-factor authentication (2FA) using Google Authenticator, providing an additional security layer without requiring users to share their phone numbers.
Extensive Cryptocurrency Selection
With support for over 150 cryptocurrencies and more than 25,000 trading pairs, Changelly offers one of the most comprehensive selections in the industry.
Additional Services
Changelly provides an affiliate program offering partners 50% revenue share from referrals, along with tools like APIs, payment buttons, and exchange widgets for easy integration with external websites and applications. The platform also offers Changelly Earn for revenue generation tools and Changelly Pro for advanced trading experiences.
Supported Cryptocurrencies and Payment Methods
Changelly supports a wide array of digital assets including major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Polkadot (DOT), Cardano (ADA), and many others.
For fiat-to-crypto transactions, Changelly Pro supports 13 fiat currencies including USD, EUR, GBP, AUD, CAD, and several European currencies. Payment methods include bank transfers, credit cards, debit cards, and cryptocurrency deposits and withdrawals.
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Global Availability
Changelly services are available worldwide with exceptions for countries subject to international sanctions including Cuba, North Korea, Iran, Syria, Crimea, Sudan, the United States and its territories, Bangladesh, Bolivia, and nations on the United Nations Security Council Sanctions List.
Fee Structure and Transaction Limits
Changelly offers two exchange rate options:
- Fixed Rate: Guarantees the exact amount of cryptocurrency shown in the platform's calculator
- Floating Rate: The final amount varies according to market conditions
The platform charges a 0.25% fee for crypto-to-crypto exchanges and over 5% processing fee for credit and debit card purchases. Additionally, blockchain network fees apply to each transaction. While crypto-crypto transactions have no funding limits, fiat-crypto transactions are subject to country-specific and payment method limitations.
Security Assessment
As a non-custodial exchange, Changelly provides enhanced security by never storing user funds. The platform simply facilitates the exchange between deposited cryptocurrencies and transfers the desired assets to the user's wallet. This approach eliminates the risk of exchange hacking incidents that have affected custodial platforms. However, users bear responsibility for providing correct wallet addresses for both incoming and outgoing transactions.
The platform's mandatory 2FA implementation adds an important security layer, though users should still exercise caution when handling transaction details.
Advantages and Disadvantages
Pros
- Convenient, quick transactions without mandatory registration
- Extensive selection of cryptocurrencies and trading pairs
- High funding limits for transactions
- User-friendly interface suitable for beginners
- Strong security measures including 2FA
Cons
- Limited payment methods compared to some competitors
- Relatively high fees for credit and debit card purchases
- Not available in certain countries including the United States
Frequently Asked Questions
Is Changelly a legitimate platform?
Yes, Changelly is a trusted cryptocurrency exchange service with over 2 million users. The platform maintains positive reviews across various platforms, including a 4.5/5 rating on Google Play Store and numerous positive Trustpilot reviews.
Does Changelly accept debit cards for purchases?
Yes, Changelly accepts both debit and credit cards for cryptocurrency purchases. Users can employ 3D secure cards from most countries and currencies.
Does Changelly provide wallet services?
No, Changelly operates exclusively as a non-custodial exchange service and does not offer wallet functionality. Users must provide their own wallet addresses for transactions.
What makes Changelly different from other exchanges?
Changelly's non-custodial model, instant trading without registration, and extensive cryptocurrency selection distinguish it from many traditional exchanges. Its aggregation of rates from multiple exchanges also ensures competitive pricing.
How long do transactions typically take?
Transaction times vary depending on network congestion and the specific cryptocurrencies involved. Simple crypto-to-crypto exchanges can complete within minutes, while fiat transactions may take longer due to processing requirements.
What customer support options are available?
Changelly provides customer support through email, built-in chat on their website, and via their mobile application. The platform is known for responsive and helpful customer service.