Review of Changelly

Changelly is an exchange platform that lets you trade crypto-to-crypto with some of the best rates in the industry. It also lets you store your coins thanks to partnerships with several major wallet providers.
By: Theodor Tonca
Theodor Tonca
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not… read more.
Updated: Jul 26, 2021
4/5 Star rating
15 min read
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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

Pros:

Simple, easy to use interface with no lengthy sign-up process
Highly liquid, with more than 1.5 million customers, processing up to 15,000 transactions daily
Accessible from anywhere in the world

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?

Changelly supports a wide range of over 150 cryptocurrencies and tokens, including Bitcoin, Ethereum, XRP, and Cardano among others.

Major cryptos traded on Changelly

  • Bitcoin
  • Ethereum
  • XRP
  • MaidSafeCoin
  • Decentraland
  • Monaco
  • Abyss
  • Mithril
  • Cardano
  • Maker
  • Nano
  • Aidos Kuneen
  • Aeternity
  • Neblio
  • Aion
  • Neo
  • Algorand
  • Nexo
  • Aragon
  • NGC
  • Ardor

Changelly core currency pairs

  • ETH/BTC
  • EOS/BTC
  • LTC/BTC
  • BSV/BTC
  • ETC/BTC
  • BCH/BTC
  • NEO/BTC
  • ETH/DAI
  • TRX/BTC
  • TRX/ETH
  • ADA/BTC
  • XLM/BTC
  • EOS/DAI
  • DGB/BTC
  • XZC/BTC
  • BAT/BTC
  • GNT/BTC
  • DOGE/ETH
  • LINK/ETH
  • BTG/ETH

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.

ProductOffering
Cryptocurrencies150+
Crypto pairs200
See all trading options >

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.

ProductMaximum leverageMargin
Individual cryptocurrencies1:7510%
Bitcoin futures1:1251%
See all leverage options >

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.

Payment methodDepositWithdraw
Debit/Credit Card
– min/max
– fees
– speed
Yes
None/$2,000
3.75%
24 hours
Yes
None/$2,000 per day
3.75% 
1-2 business days
Bitcoin
– min/max
– fees
– speed
Yes
$250/$10,000
5%
Instant
Yes
$250/$10,000
Blockchain fees
24 hours
MoonPay
– min/max
– fees
– speed
Yes
None/$2,000
3.75%
Instant
Yes
None/$2,000
3.75%
Instant
Indacoin
– min/max
– fees
– speed
Yes
None/$200 (first transaction)
5%
Instant
Yes
None/$200
5%
Instant
Simplex
– min/max
– fees
– speed
Yes
None/$20,000

Instant
Yes
None/$20,000

Instant
See full fee structure >

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 typeFee amountCommission
Crypto trading0.25%
Crypto futures0.25%
See full trading fee structure >

Changelly trade sizes and limits

Changelly offers low minimum trade sizes with no real maximums, which is exactly what most traders request. 

ProductMinimum tradeMaximum trade
Cryptocurrencies0.000001 BTCNone
Crypto futures0.000001 BTCNone
See all trading limits >

Changelly trading platform

What devices can I use Changelly on?

Changelly’s PRO trading platform is available both online and via mobile app, so you can trade within your favourite browser or on the go, on your device.

  • PC
  • Tablet
  • 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.

Key features

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.

24/7 support 

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.

Extra information

Educational resources 

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.

Customer support

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.

Our verdict

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

  1. Sign In to your account
  2. Click “Buy” in the header
  3. Select how much you want to spend, what coin you want to buy, and your payment method
  4. Click on the “Buy Now” button on the coin you want to buy

How to sell crypto on Changelly

  1. Sign In to your account
  2. Click “Sell” in the header
  3. Select the crypto you want to sell
  4. Confirm your phone number, agree to the terms of service
  5. Click on the “Sell BTC” button
Who owns Changelly?
How does Changelly make money?
Do I have to pay tax on Changelly profits?
How do I delete my Changelly account?
What if I forget my account password?
Can I transfer from my Changelly account into my PayPal account?
What if Changelly closes down while I have open trades?
Can I access my full trading history on Changelly?
Can I pay in cryptocurrency with Changelly?
Does Changelly offer bonuses?
How do I transfer from Coinbase to Changelly?
Is Changelly anonymous?
Does Changelly have an integrated wallet?
How do I withdraw from Changelly?
Has Changelly ever been hacked?

Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Theodor Tonca
Financial analyst
Having worked for a decade as an analyst, investment partnership founder, and writer - Theodor is a keen sportsman. When not working, he can most commonly… read more.

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