Changelly was founded in 2015 as a non-custodial cryptocurrency exchange, offering near-instant crypto purchases with debit and credit cards. Changelly’s mission is to simplify the process and make it easy for ordinary retail investors to use.
The company’s CEO is Eric Benz with over 10 years of experience in financial technology. He has been working in the crypto industry since 2012 in a number of blockchain and fintech companies.
Pros / Cons
- Great user experience
- 3 fiat currencies available
- Crypto payment solution
- Selling of bitcoin is executed through a third party
Changelly Features Review
|Max. Withdrawal Limit||Depends on the account verification level|
|Mobile app||iOS, Android|
Deposits and Withdrawals
Changelly is a non-custodial cryptocurrency exchange where the users’ funds are not stored directly in the wallets of the company. Changelly is linked to many major exchanges to aggregate liquidity and provide the best prices, ensuring that it provides the best matching price of all of the available cryptocurrencies. The exchange offers the possibility to buy over 140 cryptocurrencies with 3 fiat currencies with debit and credit cards.
Fiat currencies available on Changelly:
Since the exchange does not keep the funds for you, they are deposited directly into your personal wallet when the order is finished.
The sale of bitcoins on Changelly is handled by an integrated partner – Bitsofgold, a crypto exchange based in Israel. This type of integration enables Changelly users to sell BTC for EUR or ILS via SEPA transfer.
NOTE: Bitsofgold’s integration is available only for EU and IL customers.
The platform has a static fee rate of 0.25%, which is quite low for a service like this. But there are exchanges with even lower fees for buying Bitcoins, but the process is not as simple as on Changelly.
There are also some additional fees with this type of brokers, as they need a third-party exchange to execute the placed orders. However, you will receive the best available price that offsets the fees of the third exchange. You can also add credit and debit card fees, as Changelly’s service is provided by Simplex.Visit Changelly
Security on Changelly
Due to the fact that no funds are stored directly, Changelly is a very secure option. It still applies a number of security features to ensure a high level of security. Changelly has implemented 2FA authentication and forces users to choose a strong personal password. The exchange was created with the idea of reducing risk by allowing users to buy Bitcoin from multiple exchanges connected to Changelly and not having to bear the burden of setting up multiple accounts to obtain the best exchange rates.
Changelly user interface is probably the easiest to use in the industry. It allows you to buy Bitcoin and exchange Altcoins with just a few clicks. On the home page, there are buttons that lead to a dedicated page where you can make a direct purchase.
How to buy Bitcoin on Changelly?
With Changelly you can buy Bitcoin in just a few steps.
- Click on “Sign-up”
- Enter an e-mail
- Type in a password
- Click on “Buy now” on the preferred asset
- Add bitcoin address (or the address of the chosen cryptocurrency) and the desired amount that you want to buy
- Add the details of your credit or debit card
- Click Continue
Once the order is executed your cryptocurrency will be automatically sent to the designated address.Visit Changelly
Changelly’s affiliate program is one of the most rewarding in the crypto industry, offering 50% of the users’ trading fees. It also offers a widget that you can put on your website so that your visitors can buy Bitcoin or any other cryptocurrency directly.
The brand offers its services for integration to wallets, exchanges, and services providing value to other types of businesses. Well-known companies and start-ups have integrated Changelly into their products and services over the years:
- Exodus Wallet
- Jaxx Wallet
- Trust Wallet
- Huobi Wallet
- And more
Changelly is a very good solution to effectively buy Bitcoin or other cryptocurrencies with a few clicks. With a simple minimalist design and many options, it offers a solid product and services that can be integrated into crypto wallets, file-sharing networks, various services, and websites. There are far more positives than negatives to it as it offers a very easy way for any beginner to buy their first bitcoin.