May 24, 2021

Changelly Company Guide

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Changelly Crypto Exchange Summary

Changelly is a disruptive cryptocurrency service that has a high focus on convenience and user interface. Coming out of nowhere onto the scene in late 2019 Changelly has been growing at a fast pace that can only be catalyzed by a good product. Simple one click trading with a simplified user dashboard. Our transactions when testing Changelly were done the fastest.


There was a cavoite that we feel should be addressed. The blockchain response did take a long time for every single one of our orders. This may or may not change in the future. However, for those of you investors that have a productivity complex, ( It's ok, we do too! ) be wary of the time it takes to see those funds show up in your digital wallet.
We have given Changelly a high security record based on customer reviews and its good history.


For our top recommendation on crypto brokers visit Top 5 Crypto Brokers and Exchanges.

 

Product Rating Summary 

83% Overall

Since cryptocurrencies have elevated in popularity through the years, so does the demand for good and trustworthy crypto trading platforms. The more of these platforms emerge, the competition for the audience’s attention grows - the more they have to adapt to the ever changing climate of the market. Some platforms succeed and adapt, others fail and perish away as fast as they came to fruition.

By being one of the leading swap platforms that people use naturally, it has a lot of eyes fixed to it. People are wondering “is Changelly trustworthy? Is Changelly legitimate?” and are looking at Changelly reviews to help them make an informed decision.

Our honest review has found a few things. Changelly is among the most popular cryptocurrency exchange platforms. Some Changelly reviews go as far as to claim that it is the most popular crypto exchange platform around the globe.( It is not) (Binance is the most popular) It is a non-custodial exchange - this means that it holds no liquidity and does not require any deposits. This makes Changelly one of the most secure choices you can make when trading because there is nothing to hack into.

See also
The IRS Loophole

Changelly was founded back in 2013. However, it should be noted that back then it was only an early stage prototype. It was created by a team of a well-known mining pool - MinerGate. At this point, though, Changelly and MinerGate are two separate entities.

The Platform started to gain serious traction in 2016 - this is when it was fully recognized as an independent-leading cryptocurrency exchange platform. Ever since then, it has garnered more than 2.5 million users and is currently holding an exceptionally clean track record when it comes to bugs, frauds or hackings.

8.3/10

78%
Fees
88%
Trading Platform
82%
Customer Service
90%
User Interface
86%
Security
90%
Coin Options

Pros and Cons Of using Changelly

Pros

  • Has gained market relevance fast 
  • Flat crypto fee of %0.5
  • Verification Process is simple
  • 24/7 live support with a real person
  • No history of hacking
  • High customer retention rate
  • We liked the new mobile app that was launched
  • Payment methods are limited but very successful

Cons

  • Slow blockchain correspondence  
  • Higher than average fees for fiat transactions

The Story

How to Use Changelly?

At this part, you should have already gotten a semblance of a feeling towards this crypto exchange platform. If this feeling is positive and you’re thinking about trying the platform out, you’ll need to know how to use Changelly in an optimized fashion.

The very first thing you should do is choose the crypto coins that you want to trade-in.

Changelly offers its customers over 100 different altcoins to choose from when it comes to trading - your options are numerous. Dependent of your preferences and reasoning for trading, though, you might find that there is a lack of niche coins that Changelly would offer.


Changelly Safety

One of the most common questions that people ask when it comes to Changelly is “is Changelly safe?” or “is Changelly legit?”. And rightfully so - we are talking about a cryptocurrency trading platform. A lot of money (in both fiat and cryptocurrencies) is circulating in this and similar platforms - safety should be the number one priority.

There are very little to none claims for Changelly being a scam or fraud. A lot of other Changelly reviews emphasize this to help fellow investors. The larger population of people seem to be happy with the services that the company provides. 

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An inherited individual retirement account

No Personal Info

One of the main features that Changelly is famous for is that it requires zero personal information from you when you want to exchange altcoins. The only thing that is required from you a valid email.

Changelly uses a 2-factor authentication to secure your account and transactions. This helps the platform to maintain the highest level of security. Furthermore, they require an email to keep your transaction data in check, so that your acount recovery is swift and easy. 

Flat Fee

This is a debated topic. However controversial, Changelly fees have been discussed as one of the top attractions when it comes to why people should choose this platform.

On their official site, Changelly emphasizes that they offer a flat fee of 0,5% per trade. This means that whenever you trade between cryptocurrencies, the company charges you 0,5% from the amount traded. 

The contradiction here is that the same does not apply for fiat currency trading.


Changelly Exchange Verdict

The plethora of reasons to invest in crypto are your own. The one unanimously agreed upon reason for trading cryptocurrencies is, it is important to find a trustworthy and safe crypto exchange platform - only then can you be sure that your coins and currencies are not only going to be safe but also travel fast and secure. Changelly puts emphasis on secure and historically less effort on the fast. 

* Note * - Since signing up for the Changelly platform we have discovered that Changelly is beginning to process transactions much faster. We have decided not to change our original review until more consistency is shown

 The company heads are constantly working to not only bring in new altcoins for people to trade but to also provide the platform’s users with the best customer experience in both the exchange and security departments, respectively.

The only major issue that the company has to deal with is their fiat currency exchange pricing. It has truly become a black cloud over their heads - most of the negative reviews that you’d find online concerning Changelly are (in one way or another) related to this one topic.

See also
Russia Could Be Planning the Ultimate Gold Move | Russia’s gold stockpile proving to be a safe haven

If you want to avoid these issues, check out more recommended crypto exchange platforms, such as Gemini and Kraken. 


Highest Customer Ratings For Gold IRA Companies

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Rating

4.9

Over 550+ total reviews

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 AVG. 

Rating

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Over 340+ total reviews

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Nathan Rosevear

Nathan offers insights and reviews around the highest rated precious metal IRA specialists. He is an investor in gold and silver industry.
His passion is helping Americans secure their finances through stable investing and provides such help by blogging valuable information for investors to make sound financial decisions.
Do you want some help figuring out your precious metals Investment? Feel free to give me a call at 604 603 7953.
Let me connect you with the best in the business based on your financial situation and help you save some time and maybe save you some hard earned money.
Nathan Rosevear is not a financial advisor. No financial advise will be given on phone calls. Investors are urged to seek professional advice when necessary.
Gold Investment review is paid to recommend some of the services listed on this website by referring you to the right companies. No additional cost is attributed to the investor.

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