The company is relatively new, so many are wondering if it Changelly scam. Although the company itself was created back in 2013 by the MinerGate team, the site started to work as an exchanger only in 2015. Their headquarter is in Prague, Czech Republic.
So what is Changelly? The main opportunity that Changelly presents to us is the “instant” exchange of one cryptocurrency into another one. Basically, it takes from 5 to 30 minutes, but this time is quite good by today’s standards.
The site has a simple and convenient interface, which allows you to start sharing immediately. And this is undoubtedly a plus. Changelly exchange supports more than 80 different tokens.
Is Changelly legit?
It’s okay to be skeptical and suspect Changelly fraud. But is Changelly legit? Yes, it is absolutely legal and many Changelly reviews confirm it.
Its popularity was gained by providing a very simple and convenient exchange. The exchange also provides support for fiat currencies, which simplifies its use.
But Is Changelly Safe? For security and reliability of users, the exchange has not only two-factor authentication but also the HTTPS security protocol. Also, the exchanger doesn’t store your coins, but only performs the transaction specified by you.
With regard to support, the company tries to provide the best assistance in the event of any questions. Many requests are done within a few hours, but as always there are some very negative reviews. Therefore, always double-check the data that you entered for the transaction, before confirming it to avoid unpleasant problems. Also, on the site, there is an FAQ section.
How to use Changelly?
Creating of account is very simple. How to use Changelly? Just begin the exchange. To make an exchange simply select the necessary currencies on the main page and click “Exchange!”.
Next, the site will ask you to enter your email and captcha.
After that, you will receive an email with your login and password for further use. You do not need to confirm anything, so you can just continue the exchange.
Enter the desired amount and click “Next”, after we will be asked to enter the purse of the recipient. Also do not forget that the received sum can differ from expected, as the rate is determined at the moment of final transfer.
After that, on the confirmation page, be careful with the data you entered, in order not to lose your assets forever. Now you need to send currency from your wallet to the address that will be indicated under the QR-code. As soon as the money is in the account, the currency you bought will be sent to your account. The time for a transaction is usually from 5 to 30 minutes. After that, you will receive a hash of the transaction.
There are no limits for the transaction on the site, but very low sums might be processed with a big delay by the blockchain network itself.
The site accepts 2 types of payments
- Credit cards (be careful with the course)
Changelly fees are 5%. This is not very much, but there are much smaller numbers on other exchanges.
There are some restrictions on the credit card and if you are going to use it as a basic means of payment, I advise you to study this data.
Let’s take a look at the current Changelly review. As for user feedback, they are very ambiguous. However, the majority is still positive. Because of a large number of traders on the network, there are more and more reviews about imperfect transactions or poor support services, but we advise you to be skeptical about them.
The conclusion of the Changelly review 2020. Young but rapidly growing platform. Despite all the bad reviews, the speed and quality of its work are still on top. The support of many coins and the constant addition of new ones help this exchange attract new and keep old users.
- A wide variety of cryptocurrency pairs;
- Ability to pay by credit card;
- Security of two-factor authentication;
- Ability to remain anonymous;
- High transaction speed.
- Commission amount 5%;
- Many negative comments from users;
- Some flaws in the system (relatively young company);
- Remaining anonymous, it will be difficult to prove anything.