Changelly Exchange Review: Is Changelly a Scam Or Legit?
Are you looking for a comprehensive Changelly exchange review? If that’s the case, you have landed to exactly right place. In this article, I will tell you everything you need to know about Changelly.
If you have any further questions about Changelly or cryptocurrencies in general, just leave them below and I will be more than happy to help you out personally.
Changelly Exchange Review
Type: Cryptocurrency Exchange
Short Review: Changelly is one of the easiest and the most popular ways to buy cryptocurrencies. In my opinion, their platform is the most user-friendly in the whole industry. The fees are also lower than on Coinbase or on many other major exchanges.
Changelly Tutorial And Video Review
Before you read the whole article, I want to provide you an opportunity take a look at my video tutorial/review of Changelly. I bet you’ll find it helpful and valuable.
What Is Changelly?
Changelly company was founded back in 2013 by the owners of the famous Minergate cryptocurrency mining team. They launched the exchange to the form as it is today in 2015.
Since then Changelly has grown into one of the most popular ways to buy cryptocurrencies. Their interface is easy-to-use and beginner-friendly which has probably been one of the most important reasons for their fast growth. Let me first show a few other benefits of using Changelly and then I’ll show how you can buy cryptocurrencies on their platform.
3 Benefits of Changelly Crypto Exchange
1.Buy Cryptocurrencies with Your Credit Card
On Changelly you can buy around 60 different cryptocurrencies using your credit card.
Many major cryptocurrency exchanges enable trades only using other coins. In the other words, you first needed to buy on other exchange, then transfer funds to a new exchange and buy your desired coin there. That can be a time-consuming process.
You will save lots of time if you buy your desired cryptocurrencies directly on Changelly. I know that some people invest a certain portion of their every paycheck to cryptocurrencies. One of the easiest ways to do that is to buy cryptocurrencies on Changelly.
2.Large Availability of Cryptocurrencies (+60 Different Ones!)
I have used and reviewed numerous cryptocurrency exchanges. Some of them support Bitcoin and Ethereum purchases with a credit card like Changelly.
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However, I don’t know any other crypto exchange that would support purchases for 60 alt coins using a credit card. Therefore, Changelly is very unique.
3.Changelly Is Cheaper Than Many Competitors
Changelly exchange fees are only 0,5% which is much lower than in a major exchange called Coinbase. Some other cryptocurrency exchanges that enable purchases with credit cards charge up to 7-8% fee. Compared to that 0,5% fee on Changelly is very small.
On the other hand, if you are looking for the cheapest option for trading cryptocurrencies, Binance is a cheaper option. They charge only 0,05% – 0,1% if you pay the fees using their BNB token. You just need to keep in mind that Binance doesn’t support fiat currencies so you already need to own some cryptocurrencies to use them.
Note: If you buy cryptocurrencies on Changelly using your credit card, the fees are higher than 0,5%
Let me point out a few other features of Changelly with bullet points:
- You can exchange Bitcoin to any other supported cryptocurrency
- Changelly fee is only 0.5% per transaction
- Supports USD Tether (USDT).
- You can track your past exchanges by using a user account
- Fast purchases (usually takes only a few minutes even though they say 10-30 min)
How Does Changelly Work?
Using Changelly is simple and straightforward. Let me explain you the process step-by-step.
- Choose what cryptocurrencies you want to change (For example Bitcoin, Ethereum, Litecoin or 60 others).
- Verify the transaction fees.
- Enter the receiving wallet address.
- Confirm the payment.
- Pay in your chosen currency (Euro, dollar, Bitcoin, Ethereum or any other currency you want).
Usually, the transaction on Changelly happens in a few minutes which makes it very convenient. That’s certainly a benefit for Changelly. On some exchanges, you need to wait for hours which may be frustrating.
In the next chapter, I show you the process with pictures.
How to Use Changelly?
In this example, we want to buy Monero (XMR) for $100.
2.Create an account.
In this example, we decided to pay with USD so the payment will be done with a credit card.
If you would have chosen, the exchanging from one cryptocurrency to another, it would give you a wallet address where you can transfer funds to get your own. Let’s say, for example, that you would exchange BTC to Monero. Then it would give you a BTC address where you can transfer the funds.
After the transfer is completed you will receive your desired cryptocurrency.
Changelly Customer Support
Changelly customer support is serving customers 24/7. Take a look at their Facebook page below:
If you need help with Changelly, there are a few options. The first thing to do is to check out their FAQ (Frequently Asked Questions) page. I bet that you’ll find an answer there to 90% of your questions.
If you need support personally from Changelly for any reason, you can contact them on Facebook or by email to their address email@example.com.
I noticed that they have answered Facebook messages usually within a few hours. In addition, they were answering some general questions on their public discussion.
Changelly Reviews – Public Opinion
It’s always good to take a look at what other people are saying before you start using a new crypto exchange. In this case, I have done the research for you and found out what is a public opinion of Changelly.
In general, most cryptocurrency thought leaders recommend Changelly.
Changelly has a reputation as a reliable and easy-to-use crypto exchange. It’s receiving positive reviews from cryptocurrency thought leaders over and over again.
I also had a look at regular customer reviews. Like you may assume, there were positive and negative ones. I have reviewed around 10 different cryptocurrency exchanges and I have noticed that people like to leave negative reviews easily. Even though the problem would have been solved afterward and the customer would be happy, a negative review may stay on the Internet.
Overall, customers have been satisfied with Changelly. But because of the huge rush to the cryptocurrency market, their exchange has also received so many new clients that they couldn’t make everyone happy.
a positive thing that I found out is that Changelly is responding all reviews personally. It seems that they are doing their best to make customers satisfied. Here’s an example of what people are saying about Changelly.
Conclusion – Is Changelly Legit Or a Scam?
Changelly certainly isn’t a scam. They have been operating for several years and have established the reputation as one of the best cryptocurrency exchanges in the world.
In my opinion, Changelly is especially great for beginners and people who don’t have any technical knowledge because it’s so easy-to-use. You just follow the steps on the screen and you can’t really make a mistake.
There are exchanges that are highly advanced like EtherDelta but Changelly is on the different side of the scale. Anybody can use it easily and it’s made very user-friendly on purpose.
Which cryptocurrencies have you bought on Changelly?
Have you also used other cryptocurrency exchanges? Which ones?
Let’s discuss in the comments below! 🙂
- You Can Buy Easily Using a Credit Card Or Cryptocurrencies.
- Easy-to-Use Interface
- Lower Fees Than on Coinbase or Many Other Major Exchanges
- Company Has Been Operating for Several Years - Reliable Provider
- Higher Fees Than on Binance (There You Can't Buy with Fiat Currency/Credit Cards)