4.7 out of 5 based on 8 reviews.Overall rating:
|Location||Prague, Czech Republic|
|Features||Affiliate program; Widgets for publishers; API|
|Trading Fees||Yes (0.5%)|
|Tradeable Coins||Bitcoin (BTC) DASH (DASH) Ethereum (ETH) LiteCoin (LTC) Monero (XMR) Ripple (XRP) ZCash (ZEC) Ethereum Classic (ETC)|
- More than 70 types of coins available;
- Supports all countries
- Wide range of exchange options
- Multi-language website (English, Chinese, Korean, Japanese, French, German, Portuguese, Spanish, Hindu)
- Customer support available via email only
- No mobile app
- A fairly new company
Changelly is a cryptocurrency exchange that aims to be more user-friendly and understandable than all the rest. This automatic mediator changing platform appeared in 2015. It uses the same algorithm as the other major resources and operates by making asks and bids on reliable exchanges to offer the most profitable rates available on the market.
Changelly offers a wide range of coins for exchange and more than 700.000 clients per month entrust their investments to this site.
The main feature that distinguishes Changelly from the other similar services is that it allows users to trade coins without registration and any verification. Moreover, it provides a great deal of currency trading pairs and opportunity to change any of them with no problem. As a rule, cryptocurrency platforms provide a limited selection of trading optionswhile Changelly offers an possibility to make multiply transactions at the same time.
Pros and cons
There are numerous positive sides of Changelly:
- You can exchange bitcoins to any other cryptocurrencies available on the website (more than 20 of them)
- Also, you can use credit/debit card to buy cryptocurrencies for cash
- Platform offers 0% withdrawal and 0% commissions
- There is a clean and simple website with an extensive FAQ section
- You have to enter your email, but no special verifications needed, so you are welcome to stay an anonymous trader if you want to
And here are some weak spots we have discovered:
- All deals at Changelly guarantee not to exceed 0.5% fee, which is a pretty competitive percentage, however they are much higher for euro and dollar transactions
- There is no customer phone line for immediate communication with a support team
- Company owners prefer not to reveal their personalities and location which is always a little suspicious (especially, at the cryptocurrency market)
Considering customers’ reviews found on the web and our own research, Changelly is a simple and trustworthy solution for cryptocurrency exchange. It offers a lot of convenient and unique trading options so both newcomers and professionals will find it interesting. However, do not lose your vigilance and be very careful when making dollar or euro transactions – the website’s fees are not fixed and might be much higher than you expected.