🔥 Changelly Test 2021: Exchange Experience & Rating
In this guide, we'll show you how to create a Changelly account and trade with it. As always, we recommend doing your own research before investing.
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What is Changelly?
Changelly is a decentralized cryptocurrency exchange. This means that in contrast to a central exchange, users do not have to go through an ID verification process. The exchange was founded in 2015 and has since gained over 1,5 million registered users.
The company is headquartered in Prague and is highly regarded and trusted in the cryptocurrency industry. Changelly amazes with a very simple user experience when buying cryptocurrencies. Another advantage is the Fiat crypto exchange, which makes it possible to buy Bitcoin directly with Visa or Mastercard.
Changelly has focused on making processes as easy as possible for users. At Bitcoin-News.one, we find the layout extremely user-friendly and easy to understand. The same applies to fees, which are very straightforward and include a flat rate of 0,5% for each trade.
Why should you open a Changelly account?
Most people don't like lengthy ID verification processes or using multiple accounts on different exchanges. There is a great need for an easy-to-use one-stop shop. Changelly strives to become the universal cryptocurrency exchange.
Changelly has a fiat gateway that allows users to buy Bitcoin with a Visa or Mastercard. However, it would be desirable if a multi-crypto wallet were added to the exchange.
Which cryptocurrencies can you buy at Changelly?
When choosing an exchange, this is the most important factor in addition to security aspects: New coins are regularly added to Changelly.
Fiat payment information
Any fiat currency can be used via Visa or Mastercard, but this will be converted into USD or EUR.
However, there are some restrictions on the first few fiat payments you make:
o The first transaction is limited to $ 100.
o 4 days later, a second transaction with a limit of $ 200 can be made.
o 1 week after the first deposit, the limits are increased to $ 500.
o Payments in the first week are limited to a total of 6 transactions.
After one month you have no restrictions on your Changelly account.
Changelly facts:
Changelly has over 1,5 million registered users.
· Selection of coins: Over 65 coins are available on the exchange.
· User friendly: Changelly is a decentralized exchange.
· Buycrypto with Fiat: Visa and Mastercard are accepted to buy Bitcoin.
· Trust:Great support from the community and the team behind Minergate (a BTC miner pool from 2013). Partnerships have been established with established wallets including Jaxx and Coinomi.
· Support: by email to: support@changelly.com.
· No withdrawal fees: Im Unlike other cryptocurrency exchanges, Changelly does not charge any fees to withdraw your funds to your wallet.
Would you like an account on Changelly: One of the Most Popular Decentralized Crypto Exchanges in the World?
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How do I open a Changelly account?
Once you are on the website, simply click on "SignUp".
Enter your e-mail address
You will see a pop-up form asking for your email address.
Your account password
Your password will be sent to your email address. You will receive your “temporary” password by email.
Change the password
Click on 'My Account' and then click on 'Profile'. You then have the option of changing your password.
Your account is now ready for use.
How to buy Bitcoin with Fiat on Changelly?
(Make sure you have read the restrictions in the "Fiat Payment Information" section of this article.)
Click the “BuyBitcoin with Credit Card” button on the home page.
Enter your Bitcoin wallet address
You will then be asked to enter your Bitcoin wallet address. This will be the wallet address that Changelly will send your Bitcoin to. If you don't have a BTC wallet yet and need help, just take a look at ours Cryptocurrency Wallet Guides
Please enter your payment information
Then just enter your payment details as you would with any other online purchase.
Fill in the required information and confirm your payment. Your Bitcoin will reach you within 30 minutes.
Coin Exchange Guide?
For those who want to trade their coins, we will show you how to use the Changelly Exchange.
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Setting up a trade with Changelly
Navigate to the Changelly homepage. Then simply select your crypto currency and the desired exchange currency. In this example we used BTC and Golem.
Then enter the desired amount of the coin that you want to exchange.
You will then see a trade overview. If you agree to the trade, click the "Exchange" button.
Trade details
You will then be taken to a screen showing the exact trade, the fee you will have to pay and the estimated time of arrival of your coin. Usually this is between 5 and 30 minutes.
Enter your wallet address.
In order for Changelly to be able to send you the desired amount, you must of course specify where the amount should be sent. Now enter your wallet address.
You will then be asked to confirm the details of the trade. Make sure coins go to the correct wallet address. When you are satisfied with the trade details, click "Confirm and Make Payment".
Congratulations: You have made your first trade on Changelly.
Summary
It is up to you whether you want to use the Changelly Exchange or not. Here is our overview:
Advantages:
· Simple user interface. Changelly makes it easy to exchange a cryptocurrency with one another.
· Faster account creation process.
· Unlike other exchanges, there are no withdrawal fees.
Fiat Gateaway to buy Bitcoin with Visa or Mastercard.
· Trades are quick.
Disadvantages:
· The support could be faster.
· High fees when buying crypto with Fiat.
Changelly's exchange rate is around 1,6% worse than the market average. This means that the total fee you pay for using the exchange numbers is actually higher than the advertised 0,5%.
You can see Coinmarketcap.com is offering a slightly higher price. In this example, the changelly rate is 1,6% worse. This premium should be taken into account when using the exchange.
In conclusion, we would like to say that Changelly is a great, easy to use and decentralized exchange. We from Bitcoin-News.one can make a recommendation for Changelly.
Frequently asked Questions:
Changelly is a decentralized cryptocurrency exchange. This means that in contrast to a central exchange, users do not have to go through an ID verification process. The exchange was founded in 2015 and has since gained over 1,5 million registered users.
Most people don't like lengthy ID verification processes or using multiple accounts on different exchanges. There is a great need for an easy-to-use one-stop shop. Changelly strives to become the universal cryptocurrency exchange.
When choosing an exchange, this is the most important factor in addition to security aspects: New coins are regularly added to Changelly.
Any fiat currency can be used via Visa or Mastercard, but this will be converted into USD or EUR.