What is Changelly?
Changelly is a prominent cryptocurrency exchange website enabling users to quickly trade one cryptocurrency for another. It supports over 200 cryptocurrencies, and users may swap cryptocurrencies without requiring an account or entering any personal information.
Changelly connects the transaction between buyers and sellers of various cryptocurrencies. Overall, it provides a straightforward and user-friendly cryptocurrency exchange platform.
Where is Changelly Located?
Changelly’s headquarters are in Kowloon, Hong Kong.
Who Created Changelly?
Changelly is a cryptocurrency exchange launched in 2015 by Konstantin Gladych.
Who Owns Changelly?
Fintechvision Ltd., based in Hong Kong, owns Changelly Ltd.
Is Changelly Legit?
Changelly is among the most popular and trustworthy internet exchanges. The company has never had a security breach and delivers exceptional customer service. Despite having more than 150 coins, the site continues to add more. Changelly is a great cryptocurrency exchange because of its extensive payment choices and user-friendliness.
Changelly Customer Service
Most of Changelly’s consumers have commended the quality of their customer service. You may contact them anytime using the live chat icon on their site; it’s accessible 24/7. If you have any queries or issues, please contact us at support@changelly.com, and we will respond within two business days.
Is Changelly Exchange Available in the USA
Yes, Changelly exchange is available to US customers. While some restrictions may apply depending on the regulations in their state, US customers can still use Changelly’s services to exchange cryptocurrencies.
How to’s of Changelly
How to Purchase on Changelly
To purchase or sell cryptocurrency on Changelly, follow these basic procedures:
- Sign up: Visit the Changelly website and establish an account. You may sign up using the email address you provided or any social media account.
- Choose the cryptocurrencies: Choose the digital currency you wish to swap. Changelly offers over 200 cryptocurrencies, allowing you to choose which coins to purchase or sell.
- Enter the amount you want to exchange: Changelly will estimate the exchange rate and the amount of cryptocurrency you will receive.
- Enter your wallet address: You must enter the cryptocurrency wallet address to which you wish to send your coins.
- Confirm the details of your transaction: Before placing your order, please verify all of the information has been entered correctly.
- Make your payment: You can pay with a credit or debit card, or with cryptocurrency sent from your wallet.
- Wait for the transaction to be processed: Changelly transactions are typically completed within minutes. However, network congestion may cause delays.
- Receive your cryptocurrency: Once the transaction is complete, the cryptocurrency will be sent to your wallet.
Changelly may require additional procedures for certain transactions, such as a Know Your Customer (KYC) verification process for larger transactions or those using fiat currency.
Changelly Fees
Each transaction on Changelly incurs a fee that varies on the kind of cryptocurrency being traded and the current state of the market. The fee is a percentage of the transaction value between 0.25 and 0.5 percent, with a minimum fee of 0.0001 bitcoin.
You can view the precise cost you will be charged for the exchange on the Changelly website at the time of the transaction.
How to Buy Dogecoin on Changelly
To buy Dogecoin on Changelly, follow these steps:
- Set your purchase pair: Under the “You Send” section of Changelly’s homepage, enter the cryptocurrency you wish to trade for Dogecoin. There are many other digital currencies to select from, including Bitcoin, Ethereum, Litecoin, etc.
- Enter the amount: Enter the number of cryptocurrencies you wish to swap or the amount of fiat currency you wish to spend. Changelly displays the amount of Dogecoin you will receive based on the current exchange rate.
- Dogecoin wallet address: Enter your Dogecoin wallet address where you want to receive it.
- Confirm your payment: Review the transaction’s particulars, including the exchange rate and the transaction fee. Changelly charges a fee for each transaction, which fluctuates based on the cryptocurrency being exchanged and the market conditions. After reviewing the transaction information, click “Exchange Now” to confirm the exchange.
- Receive the Dogecoin: Your Dogecoins will be delivered to the address you provided after the transaction is finalized.
So, that settles it. Congratulations, your Dogecoin purchase from Changelly has been completed. Avoid embarrassing mistakes by always verifying the wallet address before completing a transaction.
How to Deposit on Changelly
Depositing funds into Changelly is easy.
- First, log in to Changelly with your email address and password. Choose “Deposit” on the Changelly dashboard after logging in. This displays able deposit currencies.
- Follow the on-screen instructions to deposit your chosen currency. Depending on your chosen currency, your bank account, credit card, and wallet address may be required. Provide the essential information by carefully following the on-screen directions.
- After providing all the information, review the deposit’s amount, currency, and fees. To finalize the deposit, click “Confirm” when satisfied.
How to Sell on Changelly
Changelly is a simple marketplace for selling cryptocurrencies.
- Access your Changelly account by entering your email address and password. Choose the cryptocurrency you wish to sell in the “You Send” section of the dashboard. The “You Receive” section allows you to choose whatever money you want in return for the cryptocurrency you sell.
- Then, specify how much cash you want in exchange for your cryptocurrency. The amount of the receiving currency you will get at the current exchange rate will be shown by Changelly.
- Next, type in the digital wallet address to which you wish to send the funds. Verify that you typed the wallet’s address accurately.
- The transaction’s specifics include the exchange rate and the associated charge. Each transaction on Changelly incurs a fee, which depends on the cryptocurrency you’re exchanging it for and the state of the market. After you’re satisfied with the terms, click the “Swap Now” option.
- After that, you’ll need to hand over the digital money you intend to unload. Changelly will give you an address to send your bitcoin to; follow the on-screen instructions to complete the transaction. The transaction’s completion time will be determined by the blockchain network and the network’s current throughput.
- The receiving currency will be delivered to your wallet address after completing the transaction. So, that settles it. Congratulations, your Crypto sale on Changelly was successful.
How to Withdraw on Changelly
After the exchange, the funds in the receiving currency will be handed to the wallet address you supplied.
- To withdraw your money from Changelly, click the “Withdraw” button on the main screen.
- You can select the withdrawal currency and enter the matching withdrawal amount.
- Finally, pick “Confirm” and type the destination wallet address where you desire to send the money.
Pros and Cons of Changelly
The Pros and Cons of Changelly are as follows.
Pros
- Supports over 200 crypto assets: Changelly offers the purchase and sale of prominent cryptocurrencies and a variety of altcoins.
- Low fees for crypto swaps: Changelly is a cryptocurrency exchange platform that charges a flat fee of 0.25% to convert one cryptocurrency to another.
- Straightforward UI: Changelly has a minimal, no-frills user interface. If you have already created a non-custodial wallet, transacting on the exchange is easy.
- Fast transactions: Those wishing to trade cryptocurrencies without waiting will appreciate Changelly’s lightning-fast transaction processing times, often measured in minutes.
Cons
- Higher fees for fiat transactions: Fiat currencies like the US dollar and the Euro incur greater fees on Changelly.
- Limited payment options: Changelly exclusively accepts payments via credit/debit cards and cryptocurrencies, which may be restrictive for some users.
- KYC requirements: Before completing certain transactions, Changelly asks customers to complete a Know Your Customer (KYC) verification process, which may deter users who value anonymity.
What Coins does Changelly Support?
Changelly supports cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, Dogecoin, and others. In reality, Changelly provides access to more than 200 cryptocurrencies, so you have many alternatives.
What Coins are on Changelly
You may go to Changelly’s website and select the “Exchange” page to view the comprehensive list of cryptocurrencies the platform supports.
What Can you Buy on Changelly
On Changelly, you can purchase over 200 distinct cryptocurrencies using other or fiat currency. Changelly also accepts the use of credit and debit cards for bitcoin purchases.
How to Earn Money on Changelly
Via Cryptocurrency trading and the Changelly Affiliate Program, users may make money. Users may watch the market and purchase and sell cryptocurrencies at the optimal moment to generate a profit from cryptocurrency trading. The Changelly Affiliate Program enables users to earn a commission on each trade made by customers they suggest, which may accumulate over time.
FAQs
What is Changelly?
Changelly is a fast and easy way to buy and sell cryptocurrencies using a credit card.
How long does Changelly take?
The time required to complete a transaction on Changelly might vary based on the cryptocurrency being exchanged, the volume of network traffic, and other variables. Nonetheless, the majority of transactions are concluded within minutes to an hour.
How to use Changelly?
Following the on-screen prompts, you may quickly and easily convert funds between several currencies with Changelly.
