Updated: 8 may 2024
11 minutes

Investing in the world of cryptocurrencies has become a fascinating topic for several years, but especially since the beginning of 2024! We have seen it clearly with Bitcoin, the most prominent digital asset in the last 15 years, which has practically doubled its value since the end of 2023. This is certainly something that has caught the attention of many people, starting with investors, both professional and non.

Furthermore, crypto exchange platforms have become very popular. Whether it’s Coinbase, Binance, Kraken, eToro, or Crypto.com, all have a lot to offer. Some of you might have already heard of Changelly? If not, we wish, through this detailed article, to introduce you to this platform that deserves your attention, for the numerous positive points it has to offer users.

What is Changelly?

changelly home page

Created in 2015, Changelly is an instant crypto exchange, meaning a website where it is possible to buy, sell, and trade cryptocurrencies without holding them on the site itself. Changelly allows you to connect your digital wallet. One of the distinctive features of Changelly is its wide range of supported cryptocurrencies, allowing users to access a variety of options for their digital asset trades. The platform stands out for its fast exchange process, with transactions that can be completed in a few minutes. This ensures a smooth and efficient trading experience.

Thanks to Tokize.com, it is possible to learn everything about the decentralized exchange platform, have a more informed opinion on Changelly, and understand whether this website might be of interest for cryptocurrency trading.

What are the advantages of Changelly?

If Changelly has become such a popular website, it is for the simple reason that it possesses numerous advantages that offer a compelling cryptocurrency trading experience. There are several reasons for this, namely:

  • Its wide range of cryptocurrencies: the website offers a variety of digital assets with more than 700 options. It covers a broad spectrum of popular digital assets as well as lesser-known altcoins. As a user, this allows you to access a multitude of options for your trades, thus offering you flexibility to meet your specific trading needs.
  • A fast exchange process: this is the key element of Changelly’s value proposition! All your transactions are generally executed efficiently, allowing you to make token swaps in record time. This speed is crucial for a crypto market where price fluctuations can be rapid. This is why responsiveness is essential to seize good trading opportunities.
  • A user-friendly interface: this is another significant and compelling advantage of Changelly. The interface has been intuitively designed to be accessible to everyone (beginners in the field of cryptocurrencies as well as experts). You can easily navigate the platform and make exchanges with just a few clicks, without the need for prior technical expertise. Changelly quickly understood that this ease of use promotes wider adoption, thus attracting a wide range of users, from novices to cryptocurrency experts.
  • API integration: Changelly’s API integration is also a great advantage that offers developers the ability to seamlessly integrate all services into other applications and platforms. This feature allows for an extended use of Changelly. The aim is to support flexibility and accessibility for users.
  • Competitive fees: Changelly understood that to attract a maximum number of users, it had to compete in terms of costs. Whether it’s buying/selling fees or deposit and withdrawal fees, this is an important point to which we have dedicated an entire section.

What are the disadvantages of Changelly?

Even though Changelly is attracting more and more people to their website, it must be said that there are, however, some disadvantages that should not be forgotten, such as:

  • Regulation: to date, we still do not know whether Changelly is concretely regulated or not. The website has not explicitly provided details about its licenses.
  • Lack of control over the price: as a user, you do not have the possibility to set the price at which transactions are executed. Instead, Changelly acts as an intermediary and constantly searches for the best rates available on the market at the moment you make the exchange. This means that you may not get the most advantageous rate possible for your transactions, especially during periods of high market volatility (which could have a significant impact).
  • Transaction limits: it is possible that you have restrictions on the maximum amount of cryptocurrencies that can be exchanged in a single transaction. These can vary based on several factors, such as the account verification level and Changelly’s security policies. This is implemented to ensure the safety of transactions but can sometimes limit the flexibility of users who want to make larger exchanges.

Which cryptocurrencies can be purchased on Changelly?

changelly cryptocurrencies

On Changelly, crypto investors have access to numerous cryptocurrencies, allowing for more varied diversification and investment opportunities. Here are 6 examples of cryptocurrencies available on the Changelly website, each offering unique characteristics that might interest you, such as:

  • Bitcoin (BTC): of course, the reference cryptocurrency is available on Changelly! Bitcoin offers high liquidity and you won’t have trouble getting it. All investors can use the BTC token as a reserve asset or as a method to access other popular cryptocurrencies available on the platform.
  • Ethereum (ETH): you can get Ethereum which allows the development of smart contracts and decentralized applications (DApps). In addition to serving as a basis for numerous blockchain projects, ETH tokens are widely used for transactions and trading on most exchange platforms. Through Changelly, it’s a great opportunity for you to participate in the Ethereum ecosystem!
  • Ripple (XRP): to facilitate your cross-border payments, you have the option to quickly and cheaply get XRP tokens. By investing in Ripple, you can access an asset that aims to revolutionize the international payments sector, making it an interesting choice for those of you looking to diversify your portfolio.
  • Litecoin (LTC): also designed to offer both low-cost and fast payments, Litecoin can be an interesting digital asset to get through Changelly. With faster transaction times and generally lower transaction fees compared to other cryptocurrencies (like Bitcoin, for example), LTC is often used as a means of payment or as an alternative to BTC.
  • Cardano (ADA): here is another very popular crypto among crypto investors! It focuses on security and scalability, offering a favourable environment for developing smart contracts and DApps. ADA, Cardano’s native cryptocurrency, is used to power the network and for transactions on the platform. By investing in ADA tokens through Changelly, you are a link in the chain aiming to evolve this innovative technology.
  • Chainlink (LINK): finally, you can also get Chainlink, a cryptocurrency that wants to connect smart contracts with real-world data sources. A true solution for the automation of smart contracts in numerous use cases! Changelly allows you to quickly invest in LINK tokens to access a promising technological project.
  • Other cryptocurrencies, including stablecoins: in addition to those already mentioned, Changelly also offers the option to buy other popular cryptocurrencies like Dogecoin (DOGE), Solana (SOL), TRON (TRX), and Tether (USDT). These cryptocurrencies offer different investment prospects and can be easily purchased through the Changelly platform, allowing you to further expand your investment portfolio.

BTCC

  • More than 12 years in the trading market
  • Interface for beginners and professionals
  • Copy trading function

What are the different services and features offered by Changelly?

In order to simplify and improve your user experience in the field of cryptocurrency trading, Changelly offers services and features designed for many of you. Let’s take a closer look at what you can do thanks to it:

  • Cryptocurrency exchange: this is one of the main reasons that brings you to Changelly! As we have mentioned, no less than 700 cryptocurrencies are available to be exchanged with others. For example, a user who wishes to exchange Bitcoin (BTC) with Ethereum (ETH) or Ripple (XRP) with Litecoin (LTC), can do so in just a few clicks.
  • Purchasing cryptocurrencies via bank card: the site gives you the possibility to buy crypto directly via bank card. Thanks to this feature, you can quickly acquire cryptocurrencies without having to go through another platform or making complicated fund transfers. A non-negligible option considering that the volatility of cryptocurrencies can be quick and pronounced.
  • API integration: APIs (which stand for Application Programming Interfaces) allow the integration of Changelly’s services into other applications and platforms. It is a way for developers to create third-party applications that exploit Changelly’s features. In other words: a crypto wallet application could integrate Changelly’s services to allow users to exchange assets directly from the application. A real time saver!
  • Affiliate program: you can earn commissions by recommending the platform to family members or friends. If you are an affiliate user, you receive a commission for each transaction made by the users you have recommended. Another great way to earn money and stay loyal to Changelly!
  • Purchasing cryptocurrencies with messaging applications: Changelly has recently launched a feature that allows users to purchase cryptocurrencies directly from messaging applications like Telegram, for instance.

The set of services and features allows Changelly to offer a complete and compelling trading experience for all users. Simplicity, speed, and convenience are paramount!

The fees charged on the platform

changelly fees

How are the fees charged on Changelly? It’s a question worth asking because other platforms have them, so why not Changelly? You will see that the fees are not excessive, and here are the details:

  • Purchase and sale fees: everything will depend on Changelly’s partnerships. In fact, it is they who will impose fees for purchase transactions. As for sale fees, these are generally set at a minimum of 3.95% for crypto-fiat transactions. However, actual fees may vary based on several elements, namely: the currency pair used, your place of residence, market conditions and volatility.
  • Deposit and withdrawal fees: you will not have deposit fees since, as we mentioned earlier, it is an instant exchange platform, and therefore you do not need to deposit money on it (unless you opt for Changelly Pro). That’s some significant savings!
  • Exchange fees: depending on the account you open on Changelly (personal or professional), trading fees are variable. For the personal version, these amount to 0.25%, while for the professional version, they are subject to fees of 0.1% for orders created on the market and fees of 0.1% for orders executed on the market. Do not hesitate to consult their page on fees to learn more about this important topic.

Coinbase

  • Regulated exchange
  • An easy-to-use platform
  • Free crypto training offered

What does the Changelly mobile app look like?

changelly mobile app

Just like the website, the Changelly application offers a user-friendly and intuitive interface designed to simplify the cryptocurrency exchange process. Available for Android and iOS devices, this high-quality app can be easily downloaded from Google Play and the App Store. Let’s explore in more detail what this quality application allows you to do:

  • Home page: you are introduced to the main features of Changelly. With this application, you can benefit from information on the latest transactions, real-time exchange rates, and popular cryptocurrencies.
  • Selection of cryptocurrencies: the application generally shows a list of supported cryptocurrencies, on which you have search and filtering options to facilitate selection.
  • Transaction details: the amount you wish to exchange, the associated fees, and the proposed exchange rate appear to ensure you know what your transaction entails. You can also see an estimate of the final amount you will receive.
  • Verification and confirmation: before finalizing your transaction, the application will again ask you to review all the details and confirm you are satisfied before completing the operation.
  • Transaction monitoring: the application will show you a monitoring screen that allows you to track the status of the transaction in real-time. This translates into information on the estimated processing time and the status of the transaction on the blockchain network. You won’t miss any important information!
  • Other interesting features: you can view your transaction history and manage your wallet.

What types of accounts can be opened on Changelly

changelly pro

There are two ways to open an account on Changelly:

  • A personal account (classic version): you will have at your disposal all the basic options we have talked about. The full functionalities of the platform are available, such as cryptocurrency trading, for example.
  • A professional account: this corresponds to Changelly Pro which is a different platform and, unlike the classic version of Changelly, allows you to access advanced trading features. This is aimed at traders with extensive experience in the world of cryptocurrencies.

Is Changelly a safe platform?

The security of our funds is a thorny issue for many of us, and it’s understandable! We all want to be sure that our investments are made on a regulated and secure platform. Changelly has committed to doing everything possible to ensure that the user experience in terms of security is as flawless as possible.

What are the platform’s security measures?

Changelly strives to provide good security for all its users in order to protect their funds and personal data. Examples include:

  • The security of your funds: let’s talk about Changelly Pro, which uses secure wallets to store your funds during transactions.
  • Two-Factor Authentication (2FA): on the Changelly.com site, you have the option to use the two-factor authentication (2FA) feature. This allows you to strengthen the security of your user account. We recommend using Google Authenticator, which is a good authentication application.
  • Fraud monitoring and detection: Changelly employs advanced surveillance tools with the goal of detecting suspicious activities and fraud attempts on the platform. This includes transaction monitoring, detecting abnormal behaviors, and implementing appropriate measures to prevent potential attacks. Consequently, Changelly users can feel secure.

What are the regulations and licenses of this cryptocurrency exchange?

To date, unfortunately, we still do not have enough information regarding the regulations and licenses on Changelly, however, the fact that this platform is widely used by hundreds of thousands of users can be, for some, a sufficient reason to create an account and trust enough to exchange cryptocurrencies safely. Tokize.com strives to provide accurate information, which is why we continue to conduct thorough research on this platform regarding regulations and licenses.

How to buy cryptocurrencies on the Changelly platform?

To buy your cryptocurrencies with complete peace of mind on Changelly, we want to present you the 4 phases. We will guide you step by step so that you don’t miss anything important on Changelly!

Step 1 – Open an account

To do this, go to the Changelly website and click the button at the top right of the main page in the shape of a user logo. A small window will appear asking you to enter your email address to start the registration process. You can then fill out the form by providing and choosing a secure password. Make sure to read and accept the platform’s terms of use. Once you have completed the form, click “Sign Up” to create your account.

Step 2 – Protect your account

Once your account is created, we recommend activating two-factor authentication (2FA) to increase your account’s security. To do this, you need to go to the security settings and follow the instructions to activate two-factor authentication. It will only take a few minutes! Additionally, we remind you that Google Authenticator can be a good authentication application option. It will be a good step to take!

Step 3 – Make a deposit

As mentioned at the beginning of the article, there are no deposits to be made on Changelly, as this platform is decentralized. However, you will be able to link your digital asset wallet to start trading!

Step 4 – Buy your cryptocurrency

Once your wallet has been added to your Changelly account, you can start buying cryptocurrencies. To do this, nothing could be simpler: you can do so from the main page, where you will find an Exchange, Buy, Sell, DeFi section. Click on “Buy” to start purchasing the cryptocurrency you want to buy. As discussed earlier in the article, the platform will display the current exchange rate and applicable fees for your transaction. If you are satisfied with the transaction details, click to finalize the crypto purchase. And that’s it!

However, we recommend regularly checking market conditions and taking additional measures to protect your funds and account.

What kind of user profile is most suitable for the Changelly platform?

For trading on Changelly, we see 2 types of users who can thrive on this platform:

  • Crypto enthusiasts: Changelly might attract those who want to try a new platform where cryptocurrencies can be quickly exchanged.
  • Traders seeking motivation: people who have new challenges to face might find Changelly interesting, knowing that this site has a wide range of digital assets to quickly position themselves on. Changelly Pro can also be a great option for them!

What is the quality of Changelly’s customer service?

changelly livechat support

On Changelly, you can quickly find answers to your questions! To do this, you can write to [email protected] or visit the customer service page which will allow you to get the most information. If this page was created, it is because there is no real customer service on Changelly. However, you can easily find what you need in the very detailed FAQ or go to LiveChat which can give you important directions.

Our opinion on Changelly in 2024

Now you know that your anonymity is preserved if you decide to make investments in cryptocurrencies thanks to Changelly. We think that this site remains an interesting platform for those of you who already have a digital assets portfolio.

The fast exchange process is one of the many advantages that attract the most users. So, why not you? You have all the important information on Changelly, and all you have to do is start if you already have a digital assets portfolio. Good investments await you!

eToro

  • Innovative social trading
  • Transparent fees
  • User-friendly platform

Additional Information about Changelly

You cannot change the email address associated with your Changelly PRO account, as it serves as a unique identifier on our platform. The only way to use a new email address is to deactivate your old account and create a new one.
The Changelly transaction ID is not the same as the transaction ID or hash. Changelly assigns an identifier to each transaction to track it in its system. To find your Changelly transaction ID, go to the history page and click on the transaction.
Yes, Changelly allows you to purchase cryptocurrencies using fiat currencies, such as the EUR or the USD.
Indeed, as we have mentioned, Changelly offers you an affiliate program that allows you to earn extra income through commissions by recommending the platform to other people.
It is possible that you might make an error in the transaction details and therefore wish to have it stopped. To do this, you need to contact the support team as soon as possible so they can check if anything can be done. Also, please double-check the recipient’s address and all other transaction details in advance. If you have just initiated a transaction on Changelly and do not wish to proceed, do not send money to the Changelly wallet address. This transaction will automatically expire. Once again, never rush any transactions on Changelly. Prioritize security above all.
Changelly has its main headquarters in Hong Kong, which is one of the most important financial centers in the world. This strategic location allows the platform to operate efficiently globally.
Changelly is available in multiple languages. The platform supports a wide range of languages to accommodate users from different regions, ensuring that they can navigate the site and utilize the services in their preferred language.
Yes, on Changelly you can use Visa or Mastercard credit cards to purchase cryptocurrencies. This makes the buying process much simpler and more accessible, allowing transactions to be completed in just a few minutes.