Changelly Review
This Changelly review provides information on the service’s benefits, customer service, and safety. In addition, it provides a quick and easy method to exchange currencies. The service offers fixed exchange rates and only requires a 15-minute timeframe to complete a transaction. Candice Reeves, a public relations graduate and writer with extensive experience in personal finance, is available for writing. Her main focus is on financial freedom, and increasing financial literacy through research.
What is changelly?
Changelly, a cryptocurrency exchange that allows users to quickly and securely exchange one cryptocurrency for another, is available. It has been trusted by more than two million users around the globe and offers a wide range of currencies. Users have the option of using fixed or floating exchange rates, depending on the type of transaction they are looking to perform.
Changelly offers an easy-to-use interface with a minimal learning curve. Users do not need to register for an account, and the service is free to use. There are no fees for deposits or withdrawals, which is an added bonus. There is a small transaction fee of 0.2% for crypto-to-crypto transactions.
Is it safe?
Changelly is a cryptocurrency exchange based out of Prague, Czech Republic. It lets its users trade more than 200 cryptocurrencies. Konstantin Gladych is the founder of the company and also participates in the largest Monero mining pool. He was fascinated by the global nature and currency of crypto, so he launched his exchange in 2013.
You must verify your identity before you can use Changelly. This is called KYC (Know Your Customer). This process takes approximately half an hour and is necessary before you can trade on Changelly. The documents that must be presented include a valid international passport, driver’s license, or government-issued ID card.
Once you have verified your identity, it is possible to open an account. To do this, go to the Changelly website and enter the address of your wallet. You will then be sent a confirmation email. Click the link in the email to confirm your account. You will then receive your Changelly login credentials. After that, you can reset your password if necessary.
How to Use
You must register before you can use Changelly for trading your cryptocurrency. Register with your email address, or create a profile. Once you register, you will be sent a confirmation email. To confirm your registration, click the link in that email and get your login credentials.
The changelly website will then ask you to choose a currency for the transaction. You can either choose a fixed rate or a floating one. A fixed rate guarantees the client the exact amount they have agreed to in the transaction, regardless of market conditions. A floating rate can be less profitable, but it is still guaranteed.
Changelly is a simple and convenient cryptocurrency exchange. It offers support for 150+ cryptocurrencies, including popular ones like Bitcoin and Ethereum. It also integrates with Simplex and SEPA to make cryptocurrency trading easier for everyone. You can also access live chat support 24/7 to answer any questions. It also offers an affiliate program, which rewards users with 50% of any referrals.
Customer Service
Changelly has a great reputation for offering excellent customer service. If you have questions or concerns, you can contact the support team via email or social media. A comprehensive FAQ section is also available for customers. Regardless of your needs, you can expect to receive a prompt and courteous response. They also offer a 24-hour customer support line.
Changelly is a simple and easy platform to trade cryptocurrencies. Currently, they support over 140 cryptocurrencies. Customers can also use their service to exchange fiat currencies for cryptocurrency. However, customers should be aware that the exchange service does charge a high fee for trading in fiat currencies.
Fees
Changelly is one of the most popular and effective platforms for trading crypto to crypto transactions. The company is a reputable exchange with a long track record. However, the fees are a problem. It is not completely transparent about how much it charges users and which third-party payment processors it uses. Also, the company has not made clear who runs it.
The fees charged by Changelly vary. You may have to pay either 5% or 10% depending on the transaction value if you wish to convert US dollars to Euros. While this option is convenient, the exchange rate offered through fiat is far from as attractive as the exchange rate through crypto. The developers of Changelly say this is due to the fees involved in third-party processing.