Changelly Review

Changelly
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Overview

Changelly is mostly used to swap and mix bitcoin and altcoins but nowadays you can also buy cryptocurrencies with fiat and sell them using Changelly. In this Changelly review, updated… more

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Details

Broker Changelly
Website URL https://www.changelly.com
Founded 2015
Headquarters Fintechvision Ltd., a legal entity with registration address in 1801-03, 18/F., East Town No.41 Lockhart Road, Wan Chai, Hong Kong
Support Number None
Support Types Live Chat, Email, ticket system
Languages English, Spanish, Korean, Arabic, German, Portuguese, Russian, French, Indian, Turkish, Chinese, Japanese
Trading Platform None
Minimum 1st Deposit None
Minimum Account Size None
Minimum Trade Amount None
Maximum Trade Amount None
Bonus no active bonus
Payout within 30 minutes
Leverage 1:1
Spread none
Free Demo Account No
Fees Yes
Fee Info 0.25% fees
Account Types no accounts offered
Deposit Methods visa, sepa transfer, over 150 cryptocurrencies
Withdrawal Methods visa, sepa transfer, over 150 cryptocurrencies
Trading Methods Bitcoin and over 150 altcoins swap or exchange
Number of Assets 150+
Types of Assets Bitcoin and over 150 altcoins
Trading Currency EUR, USD, CHY, BTC and over 150 altcoins
Account Currency EUR, USD, CHY, BTC and over 150 altcoins
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 8.6

Full Review

Changelly is mostly used to swap and mix bitcoin and altcoins but nowadays you can also buy cryptocurrencies with fiat and sell them using Changelly. In this Changelly review, updated for 2020 we are going to look at all the pros and cons of using Changelly.

changelly swap cryptocurrencies

With Changelly you have the opportunity to swap Bitcoin and more than 150 altcoins for each other against a commission of just 0.25%. This bit mixing service had led to more than 700,000 customers using Changelly actively to swap their digital assets. More than 50,000 BTC has been exchanged so far trough Changelly’s services.

Changelly has important partnership deals with Jaxx, Coinmarketcap, Bittrex, Coinpayments and other famous crypto companies. Changelly is a safe, user friendly and trusted exchange office for Bitcoin and other cryptocurrency.

How does Changelly work?

At Changelly you can buy, sell and exchange Bitcoins and altcoins extremely quickly. Not only in Euro or Dollar, but also in other fiat currencies. All combinations are possible against a 0.25% commission. For example, you can buy NEO directly with USD or swap NEO for Litecoins. The service uses robot software to automatically match pairs using very large cryptocurrency exchanges like Huobi and Binance.

Every millisecond the robot scans the digital asset markets for the most favorable prices for buy and sell orders and compares these prices until it finds the best solution for you as Changelly user. You never pay to much for crypto using Changelly.

Using Changelly is very easy. In just 4 easy steps you can receive the desired cryptocurrency. After you place your order you will receive your coins within 30 minutes on any given wallet address.

1. Decide which coins you want to swap. For example: Bitcoin to Ethereum, Litecoin for Dash, etc.
2. Verify the transaction fees
3. Enter the wallet address where you want to receive your cryptocurrency. (for example your hardware wallet or the deposit address on a cryptocurrency exchange
4. Confirm your purchase or swap and pay accordingly.

What are the pros and cons of Changelly?

Changelly Pros
– Very easy to understand user interface, fast processing of orders.
– Very fast customer service in the case of disputes. Replies within 24 hours.
– Directly buy cryptocurrencies with fiat (Euro, Dollar), bitcoin or one of the 80 supported altcoins.
– The possibility to buy altcoins with other altcoins.
– Only an email address is required. Most other exchanges need a full ID verification
– Changelly has no limits at all.

Changelly cons
One of the only disadvantages of using Changelly is the 0.25% commission you pay. This adds up if you use Changelly a lot. But, on the other hand you get a great service and customer service in return. If we compare this to other cryptocurrency exchanges like Binance for instance, you have to sell one type of altcoin for Bitcoin then buy a different altcoin with that Bitcoin and if you want to cash out, send it from Binance to another wallet etc. Using Changelly you actually save on fees. Use the widget below to see which cryptocurrencies you all can swap or mix.

Changelly Review conclusion

Our own experiences with Changelly are very positive. Changelly does exactly what it promises: users can easily swap bitcoins, altcoins and fiat currency for one another. The commission is 0.25%, which isn’t to high if you take into consideration that else you have to do many different steps and pay each time to get the same result as that Changelly would give you much faster.

Changelly has been in the game for years and is a reputable and trustworthy cryptocurrency company. Changelly also doesn’t hold any crypto themselves, which makes it very safe to use. You can use the widget below to instantly swap coins using Changelly as we recently partnered up with them as official API partner.

Screenshots

Screenshot 1 Screenshot 2

Pros

  • Very easy to understand user interface, fast processing of orders
  • Very fast customer service in the case of disputes. Replies within 24 hours
  • Directly buy cryptocurrencies with fiat (Euro, Dollar), bitcoin or one of the 80 supported altcoins
  • The possibility to buy altcoins with other altcoins
  • Only an email address is required. Most other exchanges need a full ID verification
  • Changelly has no limits at all
  • Changelly accepts USA customers

Cons

  • One of the only disadvantages of using Changelly is the 0.25% commission you pay. This adds up if you use Changelly a lot.

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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