Changelly is a cryptocurrency exchange service between digital currencies. The team that created it was the same one that created the MinerGate bitcoin mining pool. Over the past few years, the service has undergone a number of updates and transformations.Their headquarters is located in Belusova Prague, 155 00 Czech Republic.
There are the same steps of buying process for all coins on Changelly. Firstly, on Changelly.com users select the coin they want to exchange from on the left and on the right the coin they want to buy and click ‘Exchange!’. Secondly checking users specify the recipient’s wallet address. After the platform creates a transaction, users can finish exchanging. Usually a transaction takes 5-30 minutes.
Finnaly, after transaction, users get a receipt with an output transaction hash. This hash is a proof that transaction is finished.
Changelly charges a 0.5% trading fee, which is fairly reasonable and within the industry average.
It accepts USD and EUR for which users may change more than 35 cryptocurrencies. Users may pay in any currency the service wiill convert it to USD or EUR. However, at this moment the platform does not accept PayPal.
The service has an easy way to create an account, users just need to enter their email address and they are ready to go. Besides, in case if user forgot the password, he must click on the forgot the password and the platform will sent to the registered email a letter with instructions on what he needs to do.
Furthermore, Changelly.com has two-factor authentication an an HTTPS security protocol, besides users all coins are processed directly to their wallet.
- Accepts Credit Cards
- Wide range of altcoins
- Two-factor authentication
- High transaction fee of 0.5%
In conclusion, Changelly has a very nice design, but nevertheless, it will be hard to fully understand the mechanism without looking at their FAQ’s.