This post about changelly Review based on my personal experience.
In past like other people I also think that if I have to invest in altcoin then Buying method is only limited to fiat currency. But in 2017, I come across one platform where I can exchange my one cryptocurrency with other.
When people go for buying bitcoin then will get multiple option like Credit/Debit Card, phonepe and paytm type option but when it comes to altcoin, buying method get limited to market.
One of the best method if investing in altcoin is, to buy bitcoin and then exchange this with any cryptocurrency which you want. In the past only shapshift offer this service but now changelly is also offered this service.
Some people say it is a copy of shapshift which is somewhat true but it has different functionality compare to shapshift.
You can find changelly featured in many forum and now it is trending in Crptocurrency exchange world. After using Changelly multipal time I can give you my changlly experince review.
What is Changelly?
Changelly is online portal which help you to exchange any cryptocurrency with other cryptocurrency. It is new as compare to others but it is trustable. Sometime changelly become much better option as compare other exchanging site like Binance, bittrex Because of no account feature.
Changelly Team tries to satisfy your all query related to platform. They only charge 0.5% fee which is less than anyone.
It firstly appeared in bitcointalk. They also offer Buying Bitcoin with credit card/debit card option but I will not recommmand that. You can use their alternative which is fatured in my Past Post.
The main reason for writing this post is, Changelly crossed 1,000,000 user’s milestone, which shows impressive reach. So, I you should also know about changelly.
UI of changelly is user-friendly. You can also check your past transaction very easily.
Features of Changelly
- Changellyoffers lowest fee of only 0.5%.
- The transaction process is very simple.
- You can also use credit/debit card.
- Changelly offers you best exchange rate.
- Supports USD and EUR
- You can create and track you past transition on changelly.
Bitcoin (BTC), US Dollar (USD), Euro (EUR), Ethereum (ETH), Monero (XMR), Zcash (ZEC), DASH, Ripple (XRP), STEEM, Ether Classic (ETC), Litecoin (LTC), Dogecoin (DOGE), FantomCoin (FCN), Steem Dollar (SBD), Synereo (AMP), Aragon (ANT), Ardor (ARDR), Basic Attention (BAT), Bytecoin (BCN), Darcrus (DAR), Decred (DCR), DigixDAO (DGD), Edgeless (EDG), Expanse (EXP), GameCredits (GAME), Golos Gold (GBG), Byteball (GBYTE), Gnosis (GNO), GOLOS, Guppy (GUP), LBRY Credits (LBC), Lisk (LSK), Lunyr (LUN), MaidSafeCoin (MAID), Melon (MLN), NAV Coin (NAV), NuBits (NBT), Gulden (NLG), NXT, PIVX, PotCoin (POT), QuazarCoin (QCN), Radium (RADS), Augur (REP), iEx.ec (RLC), SingularDTV (SNGLS), Stellar – XLM (STR), Stratis (STRAT), Swarm City (SWT), Syscoin (SYS), Chronobank (TIME), Trustcoin (TRST), Tether USD (USDT), WAVES, Wings DAO (WINGS), Xaurum (XAUR), DigitalNote (XDN), XEM (NEM).
How Changelly works?
Basically changelly work as a broker in market. When you initiate any transaction in blockchain then changelly finds best crypto trade exchange for you. After exchanging it will charge 0.5 % fee and returns you all your cryptocurrency.
How to exchange crypto currency with chaneglly: Beginners Guide
Not matter you are a beginner or pro, you can use chaneglly very easily by simple step which is shown below.
- Goto home page of changelly and insert the amount of cryptocurrency you want to convert.
- Select the currency you want to exchange. For this guide, I will take BTC to XRP conversion.
- Click on ‘Exchange’.
- On next page you will find exchange rate i.e. how much you will get in return.
Click on next.
- In next step, you have to enter your wallet address and click on next. Before that you just remove Destination Tag.
- This is final step, it will give you a final confirmation. Click on ‘confirm & make payment‘.
- Here you will see wallet address at where you have to send currency for exchange.
Important: the whole amount should send as one transition.
After the successful deposit currency, it will take few minutes to an hour for complete exchange. Some time it takes more than hour.
After the exchange, you will get an email like this.
you can monitor you past transaction on Changelly dashboard any time.
Recommended: Create Changelly account for history.
- No account features
- Low fee of 0.5% per transaction
- Support is good
- Many altcoins support
- Credit/debit card option is not recommended because of long process
- Transaction speed is some time become very slow.
Changelly vs shapshift
|Changelly ||Shapshift |
|Does not required account for Exchange. ||Doesn’t required an account for exchange. |
|Let you buy crypto with falt like Euro D, dollar etc ||Doesn’t let you buy with any flat currency. |
|Same fee i.e. 0.5% for all exchanges. ||Different fee for a different currency. |
|New but trusted site. ||More trusted site. |
|Low fee. ||High fee. |
Is Changelly is a Reliable Alternative of Shapeshift ?
It is hard to say who is better. Changelly has better fee structure than shapeshift but shapeshift is more reputed than changelly.
Both have satisfied user and angry user. I think you have to try with a small amount and decided which is best. Let me know in comment box which one you like.
Changelly provides you best exchange rate in the market. I think this is #1 exchange website in the world because it gives you less commission rate as compare to others.
You can exchange currency, without creating any account but it is recommended to create an account for past reference.
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