z

Changelly broker review

Why Choose Changelly

    • Instant quotes given for fiat to cryptocurrency
    • Purchase/Invest without long delay sign up
    • Secure transactions with video identification
Losses can exceed deposit
Trust Rating

A+

Min Deposit

£

Mx.Leverage

Users

3,000,000

HQ

Prague, Czech Republic

Established

5+ years

Full disclosure: 80% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.

Spreads & Fees

Pros

+

Changelly Review

 

Origins of Changelly

Is an instant cryptocurrency exchange providing the best crypto to crypto rates and also allows function of converting fiat to crypto by converting your local currency to either Euro or US dollars first. It amongst only a few exchanges that allows you to start exchanging without going through verification as you can access via your Facebook, Twitter or Google account. It is not as advanced as other exchanges and because of it simplistic design it creates offers for desired currency instantaneously.   

 

Key Facts

  • Users- Over 3 million per month
  • Headquarter- Prague, Czech Republic
  • No. Alt coins listed-  80+
  • Payment Method - Fiat to Crypto via GBP, USD & EUR

 

Security & Registration

One of the standout features of the exchange is you can start purchasing and selling Fiat currency or cryptocurrency without the long tail verification i.e. login via Facebook, twitter or Google account. They do have a 2FA for a more secure login which we do advise any user to utilise. Once you have logged in you can start transacting and checking exchange rates as shown below 1 USD will exchange for 0.0577 EOS.

 

 

 

 

 

When purchasing Cryptocurrency via Fiat currency (Shown illustration below), the only method is via Visa/MasterCard debit and credit cards. Normally if it is your first purchase you can a total limit is 100 euros or 100 dollars per transaction. According to site it is referenced that after you make multiple transactions your limit will increased paying by card, The downside is that it may take a while for back office team to increase your limit.

 

 

 

It is very secure paying by credit/debit card. Please Remember that your card should support 3D-secure (verification by phone number). As oppose to normal secure card transaction Changelly uses Indacoin verification which is a video format confirmation when you hold your ID next to your face recording a short video clip. You follow the procedure an if there is any distortion in the video verification, Indacoin back office call you from the number you submit shown on the screenshot shown below to resubmit another clip.

 

 

How to Trade & Operate exchange

Please note that changelly’s complex exchange system gives you an automatic conversion hence you are not waiting for the best offer via an orderbook. It’s platform automatically gives you the best offer price with all their transaction and hidden fees included. If we take the below as example, 62,087 Byte coins is equivalent 0.354 Ethereum. All that is required is a Bytecoin (BCN) withdrawal wallet address and an ethereum deposit address. The exchange normally takes between 5~30mins to go complete. The stages of transaction are highlighted (From → Amounts → Send To → Confirmation → Sending → Exchanging).

 

 

 

 

x

 

Customer Support

They currently offer a comprehensive section on FAQs and article to help users navigate and explain how the exchange works. There is currently no live chat support, nor a phone number where customers can get in touch with the support team. User can submit message via online form featured on the website, and responses from the Changelly support team are made via email.

 

Other cryptocurrencies listed

In total there are 80+ cryptocurrencies on Changelly. Bitcoin, Ethereum, Bitcoin Cash, Bitcoin gold, Dash, Ripple XRP, Golem (GNT), Monero (XMR), Stellar (XLM), Verge (XVG), Z Cash (ZEC) are just only few amongst the listed. Please remember whatever crypto your desire may not be exchanged for the cryptocurrency or Fiat based currency you possess. 

 

Deposit, Withdrawal Methods & Transaction Fees

The exchange is very user-friendly especially if you’re a beginner it is probably the easiest to use. Withdrawal fee and commission fee is a total of 0.5% combined of all transactions. As this is only an exchange you can withdraw earnings of profits to fiat currency hence why transaction fee is very low at 0.5%.

Changelly does not accept bank transfer deposits for fiat currency only accept via Visa/MasterCard payment cards.

 

Why Choose Changelly?

  • Instant quotes given for fiat to crypto or crypto to crypto exchange
  • Allows you to purchase and invest without long delay sign up
  • High security for transactions with video identification. Over 80+ cryptocurrencies available to invest in

 

Use the Changelly exchange calculator below and know how much cryptocurrency you will get for your USD 

Buy cryptocurrency now with your credit or debit card

 

Cons

-
Full disclosure: 80% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.

Spread vs Trader Style

  • Scalping
  • Intraday Trading- <10 Trades
  • Intraday Trading- 10+ Trades
  • Swing Trading
  • Long Term Trading
Changelly
XTB
Plus 500
Overall Trust Score A+AA-
Years Established 5+ 16+ 10+
Regulatory Authority ]FCACysec,FCA
Why Choose?
  • Instant quotes given for fiat to cryptocurrency
  • Purchase/Invest without long delay sign up
  • Secure transactions with video identification
  • 5-star Rating on Trust Pilot
  • Client funds in segregated accounts
  • Competitive Fixed & Variable Spreads
  • Professional Webtrading Platform
  • Highest Rated CFD Trading App 
  • Listed on UK FTSE 250 Index

Trading Platforms

Platforms Offered

  • WebTrader
  • MetaTrader 4
  • MetaTrader 5
  • Android App & Tablets
  • cTrader
  • Apple App & Tablets

Account Types Offered


Demo Micro Standard VIP Islamic Zero Spread Managed
Full disclosure: 80% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.

Deposit & Withdrawal

Deposit Methods

  • Visa Debit
  • Visa Credit
  • MasterCard
  • American Express
  • Skrill
  • Neteller
  • Bank Transfer
  • Maestro
  • WebMoney
  • Paypal
  • Delta
  • Diners Club
  • Switch
  • Western Union

Customer Support


25 Languages

Email

Phone

24/5 Support

What so unique unique about Changelly?

Unique Features

  • Guaranteed Stop Order
  • Limit Orders
  • One-Click Trading
  • Additional Education
  • Trailing Stops
  • Negative Balance Protection
  • Account Verification (Identity)
  • Scalping
  • Hedging
  • Bonuses Offered

The Verdict


Full disclosure: 80% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk as your capital is at risk.