Changelly Review

Overview

Changelly is a secure and very simple to use crypto-to-crypto and fiat-to-crypto exchange service. The project started in 2013 and they have managed to attract over 2 million users worldwide.

changelly

Pros

  • Fiat-to-crypto exchange capabilities (Visa and MasterCard – minimum 100$)
  • Fast and secure transactions (10-30 minutes)
  • Great coin rates
  • Low fees for crypto-to-crypto exchange (0.5%)
  • No extensive account registration required
  • Wide selection of coins to exchange
  • Very easy to wallet-to-wallet transactions
  • High security (Google 2-FA)
  • Possibility of listing your own token
  • Strong affiliate program
  • API for Developers

Cons

  • Very high fiat-to-crypto transaction fees
  • KYC required for fiat transactions (must provide ID)
  • Limits for the first transaction, also daily and monthly limits

Conclusion

Changelly is by far the easiest service to use when it comes to crypto-to-crypto exchange. It provides fast and secure transactions, at very low fees on a user-friendly interface. On the other hand, when it comes to fiat-to-crypto transactions the fees rise exponentially (~40%), which is could be understood given they are among the few that provide this service but cannot be excused by many people, seeing as it is not made clear anywhere on their website.

They are an active part in the Blockchain community, which is always a plus! It shows that they’re not all about the transaction fees and they support good ideas, pushing for the evolution of the “Blockchain Nation.”

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