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Review of Changelly
On Changelly, you can get fast transaction speeds and a large number of supported coins. Those, combined with high exchange limits, make it ideal for experienced crypto traders, while integrated wallets add extra security to make Changelly a great all-round package.
Pros & Cons
What can I do with Changelly?
Changelly lets you trade cryptocurrency and store your coins all in the same place. It offers a simple platform with a mobile app and multi-currency wallets, while the trading interface boasts read signals and multiple order types so there’s lots of different ways to trade.
Changelly was originally founded in 2013 as a side project for a couple of MinerGate developers and in 2014 it began operating as its own independent platform.
Changelly cryptocurrencies and trading options
What cryptocurrencies can you trade on Changelly?
Major cryptos traded on Changelly
- Aidos Kuneen
- Neo, Algorand
Changelly core currency pairs
All Changelly trading options
You can trade a wide range of crypto coins on Changelly, and swap between many different coin pairs. At the moment, there’s no option to trade futures or derivatives.
Can I trade with leverage on Changelly?
Yes. Margin trading on Changelly starts at 1:75 for individual coins and scales up for futures. The level of leverage available is fairly standard for a crypto broker.
What are the spreads?
Changelly charges a flat, fixed fee on every trade conducted through its platform. The flat rate is 0.25%, although it can go lower depending on your 30 day trading volume. This is fairly low in comparison to other crypto brokers.
Fees, limits, and payment options on Changelly
What are the deposit and withdrawal fees, limits, and speeds?
Changelly provides some fairly standard payment options, including debit/credit card, crypto, and several platforms for exchanging crypto into fiat currencies.
It stops short of providing some popular options such as online payment providers, and the fees it charges are slightly higher than with other brokers.
None/$2,000 per day
1-2 business days
None/$200 (first transaction)
How much are Changelly’s fees and commissions?
Changelly charges a fixed 0.25% trading fee on all transactions. This is comparable or even slightly lower than other crypto brokers.
|Fee type||Fee amount||Commission|
Changelly trade sizes and limits
Changelly offers low minimum trade sizes with no real maximums, which is exactly what most traders request.
|Product||Minimum trade||Maximum trade|
|Crypto futures||0.000001 BTC||None|
Changelly trading platform
What devices can I use Changelly on?
- iOS mobile devices
- Android mobile devices
Can I use Changelly in my country?
Changelly is available worldwide, including in the UK, Germany, France, and Spain. Select your country from the sidebar to see if it is available where you are.
Is Changelly available in my language?
Changelly provides support in 11 languages including English, Spanish, Korean, and German.
How easy is it to use Changelly?
Changelly offers an easy to navigate, modern platform with transparent fees, fast transactions, and high exchange limits.
The trading interface layout is clean, not too busy, and trades are easy to execute in just a few clicks. The interface is also customisable and comes equipped with a multi-currency wallet to store your coins. This experience also translates to the mobile app, which offers all the features of the web version and no registration is needed for crypto exchanges.
Changelly is used by more than 2 million traders and provides an assortment of features such as the ones listed below.
High trading limits
Your first transaction is limited to no more than $10,000 and there are some limits to the first month of trading. After that, there are virtually no individual trade limits.
API & customisable payment widget
If you are a professional trader that needs a custom trade setup or a crypto service that wants to implement new exchange options, Changelly has you covered with its API and embeddable payment widget that you can add to your site just by copying and pasting some simple code.
Around the clock support via live chat no matter where you are in 11 languages.
Security and regulation
Is Changelly safe?
Changelly doesn’t require a deposit to store your coins and protects personal information with HTTPS protocols and a 2-factor authentication method.
Given that Changelly holds no liquidity and does not require any deposits, it is one of the safest crypto trading platforms on the market.
Am I and my cryptocurrency protected?
Since uses third parties to store your coins and doesn’t actually hold them itself, there isn’t much to protect, which makes carrying insurance redundant.
Is Changelly regulated?
Changelly is not a regulated or insured exchange with any recognized financial regulator.
Do I have to verify my account with Changelly?
Yes, Changelly partners with SumSub which is a Know-Your-Customer (KYC) security provider and you are required to create a verified account with them, if you do not already have one, by confirming your email address and uploading at least one valid form of picture ID.
Changelly provides an FAQ section, help desk, and free cryptocurrency crash course on its website.
The course is essentially a detailed ebook introduction to the world of cryptocurrencies compiled by market experts. The help desk is also comprehensive, giving a detailed section by section breakdown of how to troubleshoot issues, choose and use a wallet, and getting started with Changelly’s PRO trading platform.
Tools and charting
Changelly’s PRO trading platform offers basic capabilities such as a customisable trading terminal, high limits on buying and selling cryptos, and transparent reporting.
Beyond these basics, there aren’t a whole lot of advanced features. But there is a full API offered which enables a custom setup for those needing their own setup.
Changelly offers 24/7 live chat support on its site and you can also submit a support ticket from its help desk section in any one of 11 supported languages.
Changelly is a secure cryptocurrency broker that allows you to instantly buy and sell over 150 coins, tokens, and futures.
The platform’s big differentiator is that it’s embedded into a number of third-party crypto wallets such as Trezor and Coinomi, allowing you to instantly trade without storage and security being a concern. Since it is an embeddable exchange, the extent of its security is HTTPS protocol and two factor authentication (2FA) to protect your personal account information.
Despite the fact that Changelly’s platform is very basic in terms of its features and available tools, it does offer an API for additional customisation and plenty of help resources in the form of a free crypto crash course and 24/7 live support for those that need it. Overall, Changelly is an easy platform to get started trading with that provides all the basics you need.
How to buy and sell cryptocurrency on Changelly
How to buy crypto on Changelly
- Sign In to your account
- Click “Buy” in the header
- Select how much you want to spend, what coin you want to buy, and your payment method
- Click on the “Buy Now” button on the coin you want to buy
How to sell crypto on Changelly
- Sign In to your account
- Click “Sell” in the header
- Select the crypto you want to sell
- Confirm your phone number, agree to the terms of service
- Click on the “Sell BTC” button
It was originally set up in 2013 by Konstantin Gladych and is now run by its CEO, Eric Benz.
By charging a fixed 0.25% fee on every trade as well as deposit/withdrawal fees.
It depends on your local laws. If you are a United States taxpayer, you might have to pay taxes on your trading volumes and profits. Citizens of the EU, UK, and other areas where Changelly is supported may also be asked to pay taxes for their crypto profits, depending on the state laws. Please check your local tax laws to determine what applies to you.
To delete your account, click “Account” in the right hand corner of the homepage, choose “Settings” then Click the “Delete account” button at the bottom of the “Change email address” section. You will then be asked to enter your password and your account will be deleted.
If you forgot your password, simply click on the “Sign In” button on the homepage and click on “Forgot Password” and a verification email will be sent to you to reset your password.
No, Paypal is not currently a supported payment method.
All your open trades are processed in real-time and will be visible in your trade history.
In the event that Changelly ceases operations altogether, it is not a material event since it does not directly store any of your funds, which is done by third-party wallet partners.
Yes, once you create an account and are signed in, simply click on “History” under the “My Account” dropdown.
Yes, with any supported crypto coins.
It has an affiliate program with up to 60% revenue share from crypto-to-crypto and fiat-to-crypto transactions.
Simply choose the ‘send’ option in your crypto wallet, fill in all the required data and provide an external Crypto wallet address (Changelly). You will then receive a QR code to complete the transaction.
It can be, as it offers an anonymous trading option with lower limits than a verified account.
Yes, through partnerships that integrate third-party wallet providers like Trezor into the platform.
Once you are signed into your account, click on the “Wallet” tab, in the “Withdraw” column on this page you will see a withdrawal button for each asset that you own. Enter the withdrawal amount, then the destination address into the “Address” field, and click on the “Withdraw button.
No, there is no publicly available info that Changelly has ever been hacked or compromised in any way.
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