Changelly Review 8/10⭐

If you want a fuss-free crypto platform that's available in most countries then Changelly is definitely worth a shot!


NOTE: Customers from United States are not allowed to register. Find another broker here.

Your one-stop-shop experience for purchasing, selling, and swapping cryptocurrencies.

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Background & Overview

 

Changelly is an 'instant exchange', which means that your fiat funds are not placed anywhere on the site. It acts as an intermediary between crypto exchanges and users, giving access to 150+ cryptocurrencies. Changelly offers a fast and simple-to-use crypto buying service. You can use Changelly on the website or mobile app. It's a very basic platform that's an ideal entry point for beginners to crypto. They also have a trading sister site known as Pro, where it's also possible to use the service via certain wallets, including Trezor, Exodus, Ledger, and Coinomi. It is worth noting that the mobile app of Changelly is available on Android and iOS devices. Visit Changelly now!

 

Advantages at Changelly

+ You can access the service via mobile app.
+ It has been integrated with various crypto wallets.
+ The company offers 24/7 live customer support.
+ Since it works with many crypto platforms, the rates are competitive.
+ Transactions are completed within 25 to 40 minutes.
+ Coins are sent directly to your wallet after trading. 

Disadvantages

- The basic Changelly platform only allows buying and selling, it's not an exchange or trading site.
- You may have to fully verify your details if transactions are suspicious.
- Many countries are banned from the service.
- It isn't regulated or properly licensed in any jurisdiction.
- You cannot trade on Changelly if you're resident in the USA. 

KYC & Registration

The registration process on this website is extremely fast and simple. You only need to supply your email address, name, phone number, and password. To start trading, you will have to verify your email address, so it is important to sign up with a valid email. You should note that Changelly does not require users to create accounts in order to buy and sell cryptocurrencies.

 

Company Account

It's possible to sign up for a corporate account, although you must request to do so via their ticketing system. However, this isn't for the Changelly exchange, and only for their PRO site.

 

Leverage

Leverage is not available on the basic Changelly platform.

 

Costs

▪ Rated at 8/10

Changelly charges a trading fee of 5%, and this is among the lowest in the industry. You won't have to pay any service fees or credit card fees. When using Moonpay, the total fee will be 7.5%, while Changelly and Indacoin will be a total of 10%. If you want to purchase cryptocurrencies with credit cards, you will have to transact via one of their third-partyy payment providers.

 

Deposit Methods

▪ Rated at 7/10
Below you can see a list of the deposit methods available on Changelly. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.

You can use a variety of deposit methods including third parties such as Moonpay, Simplex, and Banxa, as well as credit and debit cards when it comes to fiat currencies. You can use SEPA and SWIFT bank transfers, as well as Apple Pay. Read more about the deposit methods at Changelly here.

 

Platforms

▪ Rated at 8/10
The following platforms are supported by Changelly:

This crypto exchange has a dark and attractive look. With a minimalistic design, it is ideal for beginners. It is also possible to use the service using the Android and iOS apps, both of which are designed to suit inexperienced traders. You can scroll down the website to access the FAQ section of the site, and this can help you navigate the platform better.

 

Automated Trading and Copy Trading

As it's only a buying and selling platform, autotrading is not available. Although there is no autotrade or copy trade feature at the moment, if Changelly adds these features we'll update this review.

 

Languages supported

The following languages are supported on Changelly:

Chinese, English, German, Korean, Portuguese, Russian and Spanish and Turkish

 

Broker Support

▪ Rated at 8/10

The customer support team of this crypto exchange is available 24/7 and can be accessed via live chat and email. Past customers have noted that the support agents of this website are quick and able to solve problems easily. You will also find the FAQ section of the crypto exchange quite good as it is quite comprehensive.

 

Other Names for Changelly

Changelly is or has also been known under the following names: Fintechvision Ltd

 

FAQ

Where can I register for Changelly?

The best way is to open an account here and if you have any further questions you can get in touch with their support directly.

Who is the founder of this crypto exchange?

This crypto exchange was founded by Konstantin Gladych.

Is it decentralized?

Not entirely, but it has a DeFi section that you can access in addition to the standard trading section.

Can I trust this crypto exchange?

This crypto exchange has been around since 2015 and now serves millions of people from all around the world. It is also worth noting that the company does not store customers' cryptocurrencies as these will be sent directly to your wallet. In a nutshell, you have your keys.

Is this cryptocurrency exchange regulated by authorities in the USA?

No, while this platform is considered reputable by its customers, it is not authorized to operate in the USA. If you want to use a US-regulated exchange, you can take a look at the alternative platforms reviewed on Crypto Lists.

Will I have to complete KYC procedures on this platform?

While it does not require traders to complete KYC procedures, you may have to send verification documents if the site thinks you are engaging in suspicious activity. In this case, you will have to send a government-issued identity card like your passport or ID card.

Which countries are excluded from this service?

This service is available in lots of countries. However, the disallowed countries include the USA, Sudan, Crimea, Cuba, North Korea, Syria, Iran, and the US Virgin Islands.

Where can I get the Android and Apple applications of Changelly?

You can download the Android app on Google Playstore, and for the iOS app, you have to visit the Apple store.

 

History of Changelly

- The platform was founded in 2015 by Konstantin Gladych.

- Changelly launches its full Pro trading exchange in July 2020.

- In February 2022 they partner with ZenGo to offer more than 40 digital assets across multiple blockchains directly with the ZenGo wallet.

 

Instruments available

Find the full list of instruments available to trade at Changelly here. Changelly supports a variety of pairings, which you can find below.

▪ Rated at 7/10

Crypto Currencies

DDRT/USDT, GNT/USDT, AYA/USDT, BTC/USDT, VLX/USDT, NXT/USDT, USDC/USDT, ERG/USDT, IGNIS/USDT, FRIN/USDT, MATIC/USDT, ETH/USDT, GMD/USDT, USDT20/USDT, BCH/USDT, SYBCOLD/USDT, ETHW/USDT, PEAK/USDT, VET/USDT, XDC/USDT, EURST/USDT, DOT/USDT, BCUG/USDT, CUTE/USDT, BRG/USDT, USDT/USDT, BSV/USDT, ETC/USDT, BUSD/USDT, EQX/USDT, TUSD/USDT, LINK/USDT, PSG/USDT, LCX/USDT, ARDR/USDT, SOL/USDT, ZEN/USDT, DAI/USDT, BAT/USDT, ETL/USDT, DGB/USDT, STAK/USDT, EFI/USDT, JUV/USDT, XRP/USDT, USDTRX/USDT, XLM/USDT, SMART/USDT, GROW/USDT, VTC/USDT, RLC/USDT, BTG/USDT, CSOV/USDT, BTT/USDT, TRV/USDT, EOS/USDT, BTCV/USDT, ARRR/USDT, DDR/USDT, SLIM/USDT, AAVE/USDT, CNS/USDT, LTNM/USDT, CW/USDT, SYBC/USDT, STC/USDT, ZIL/USDT, TT/USDT, DOGE/USDT, TRX/USDT, BNB/USDT, SHIB/USDT, WLITI/USDT, GLEEC/USDT, EVER/USDT, ADA/USDT, LTC/USDT, FKX/USDT, FIRO/USDT, ADS/USDT, CHZ/USDT, XHV/USDT, ACM/USDT, GLM/USDT, NEO/USDT

›› Sign up at Changelly here
NOTE: Customers from United States are not allowed to register. Find another broker here.

Screenshots from Changelly

Read the Changelly Terms and Conditions here.
Changelly Review Published: Thursday, 24 Nov 2022 11:43 am
Last Updated: Thursday, 9 May 2024 1:22 pm