Changelly Review

changelly-review

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.

The CEO of the company is Eric Benz with over 10 years of experience in financial technology. He has worked in the crypto industry since 2012 in a number of blockchain and fintech companies.

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Changelly Features Review

MarketsCrypto
Supported countriesWorldwide
KYCYes
LeverageNo leverage
DepositsMultiple
Min. Deposit50$
Max. Withdrawal LimitDepends on the account verification level
Trading fee0.25%
Supportlive chat
Mobile appiOS, Android

Changelly Deposits and Withdrawals

Changelly is a non-custodial cryptocurrency exchange that does not store user funds directly in the company’s wallets. The exchange 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 ability to buy over 140 cryptocurrencies with 3 fiat currencies with debit and credit cards.

Fiat currencies available on Changelly:

  • USD
  • EUR
  • GBP

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.

Fees

Changelly has a static fee rate of 0.25%, which is quite low for a service like this. There are exchanges in the crypto industry with lower fees for buying bitcoins but the process is not as simple as with Changelly. 

There are also some additional fees with these types of brokers because they need a third-party exchange to execute the placed orders, however, in exchange, you receive the best available price, which compensates for the third-party fees.

In addition, you can add credit and debit card fees because Changelly’s service is provided by Simplex.

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Changelly Security 

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 maintain strong 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 creating multiple accounts to obtain the best exchange rates.

User Experience

The user interface of Changelly is arguably the simplest that can be found in the industry. It allows for buying bitcoin and exchanging altcoins with just a few clicks. On the homepage there are buttons leading to a straightforward transaction page, allowing for fast order creation.

changelly-mainpage

How to buy Bitcoin on Changelly?

With Changelly you can buy Bitcoin in just a few steps.

  1. Click on “Sign-up”
  2. Enter an e-mail
  3. Type in a password
  4. Click on “Buy now” on the preferred asset
  5. Add bitcoin address (or the address of the chosen cryptocurrency) and the desired amount that you want to buy
  6. Add the details of your credit or debit card 
  7. Click Continue
  8. Done 

Once the order is executed your cryptocurrency will be automatically sent to the designated address.

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changelly-buy-page

Changelly Affiliate Program

The affiliate program of Changelly is one of the most rewarding in the crypto industry offering 50% from the trading fees of the users. In addition, it also offers a widget that you can put on your website, allowing your visitors to buy Bitcoin or any other cryptocurrency directly from within the integration.

Changelly Partners

Changelly offers its services for integration to wallets, exchanges, and services providing additional value to other types of businesses. Prominent companies and start-ups have integrated Changelly to their products and services through the years:

  • Exodus Wallet
  • Ledger
  • Coinomi
  • Enjin
  • Jaxx Wallet
  • Coinswitch
  • PumaPay
  • Opskins
  • MyEtherWallet
  • Trezor
  • Simplex
  • Trust Wallet
  • Binance
  • Bittrex
  • Huobi Wallet
  • Bankex
  • And more

Changelly Review Conclusion

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, Changelly offers a solid product and services that can be integrated with crypto wallets, exchanges, various services, and websites. There are way more positives than negatives in using Changelly as it provides a very easy way for any beginner investors to buy their first bitcoin.

Pros / Cons
  • Great user experience
  • 3 fiat currencies available
  • Crypto payment solution
  • Selling of bitcoin is executed through a third party

Changelly is a very good crypto portal serving customers worldwide and offering more than 140 cryptocurrencies for purchasing