Changelly is a swap platform for 500+ Altcoins, partnering with various wallets, including Exodus, Ledger, Trezor, and Tonkeeper. You can trade up to 10,000 EUR in 48 hours by just providing your Passport.
Changelly (The Exchange Background and Its Regulatory Status)
Changelly, founded in 2015, has 3 offices, 80+ employees, and 350+ API partners. Headquartered in Kingstown, St. Vincent and the Grenadines, the exchange receives more than 2 million monthly visitors.
The platform takes a hybrid approach to the crypto market, blending centralized and decentralized solutions.
Key features of Changelly:
- Two main versions: Changelly for casual traders and Changelly Pro for professional traders
- Lacks licenses from major financial authorities
- Employs a non-custodial approach, enhancing security by eliminating counterparty risks
- Supports over 500 cryptocurrencies
- Provides 24/7 customer support via live chat and email
Changelly does not mandate users to pass the KYC verification for trading cryptocurrencies, which might be an important benefit for some users.
Changelly Specific Features
While Changelly's regulatory status might raise eyebrows for some, its non-custodial nature and clean security record have helped it maintain a positive reputation in the crypto community. Let’s take a quick look at what the exchange has to offer.
Exchange | Changelly |
Launch Date | 2015 |
Levels | None |
Trading Fees | Up to 0.25% |
Restricted Countries | United States of America (including all USA territories like Puerto Rico, American Samoa, Guam, Northern Mariana Islands, and the US Virgin Islands, St. Croix, St. John, and St. Thomas) |
Supported Coins | 500+ |
Futures Trading | No |
Minimum Deposit | $5 |
Deposit Methods | Visa, MasterCard, Bank Transfer, Apple Pay, Google Pay |
Withdrawal Methods | Visa, MasterCard, Bank Transfer, Apple Pay, Google Pay |
Maximum Leverage | 1:1 |
Minimum Trade Size | variable based on the trading pair |
Security Factors | 2FA, Non-custodial, Whitelist wallets |
Services | DeFi Swap, API, Listing, Changelly Pro, Changelly PAY |
Customer Support Ways | Online Chat, Email |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | None |
Changelly Advantages and Disadvantages
A strong focus on providing swap services by combining centralized and decentralized technologies makes the Crypto exchange a good ecosystem for crypto enthusiasts. However, like any other platform, Changelly, too, has some downsides.
Pros | Cons |
User-friendly interface | Future and margin trading on a separate platform |
Transparent fee structure | Higher fees for fiat trades |
Wide cryptocurrency selection | - |
Track record of no major security breaches | - |
Changelly Exchange User Levels
At the time of writing this Changelly review, the exchange hasn’t implemented any user levels or volume-based tiers to offer competitive fees as incentives.
Changelly Fees and Commissions
While Changelly only supports crypto buy, sell, and exchange with a fee of up to 0.25%, its pro version, Changelly Pro, offers Futures marketand Margin trading with costs ranging from 0.0% to 0.1%.
Available Coins on Changelly
The exchange offers a vast array of cryptocurrencies (500+), catering to diverse investor needs, including:
- ETH
- XRP
- BTC
- USDT
- SOL
- TRX
- DOGE
- USDC
- PEPE
Does Changelly Offer Margin and Futures Trading
Changelly doesn’t directly provide Margin and Futures trading. However, its Pro version offers leveraged trading with up to 1:100 leverage.
The liquidation fee of these contracts on Changelly Pro is 0.5% of the position’s value.
Changelly Registration and KYC Verification
While the Changelly registration process is pretty easy, it contains a two-level KYC procedure. A Passport is enough to pass the Basic KYC and be able to trade up to 10,000 EUR per 48 hours.
However, the Advanced KYC includes a Face-to-Face recognition call, additional IDs, and signing an additional contract.
#1 Start from the Official Website
Go to the Changelly homepage and click on “Sign in”.
To begin registration, choose the “Open an Account” button and proceed to the login method.
#2 Provide a New Email Address
Select “Continue with Email” and enter a valid, unused email address.
This step is essential since each account must be linked to a unique email.
#3 Confirm Your Email
Check your inbox and locate the verification message from Changelly. Click the link inside to confirm your email and activate the account.
#4 Retrieve Login Credentials
In a follow-up email, you'll receive your auto-generated password. These credentials allow full access to your personal dashboard and crypto services.
#5 Verify Your Identity
Submit the required documents and IDs based on the desired level of KYC to verify your identity with Changelly.
Changelly App and Platform
Changelly offers its services through a web-based platform and a comprehensive mobile app available for various devices, including:
Changelly Exchange Security
The platform boasts a clean track record with no successful hack attempts since its inception in 2015. Its non-custodial nature and advanced encryption contribute a lot to this success.
- Two Factor Authentication (2FA)
- Whitelist wallets
- Decentralized
Changelly Funding and Withdrawals
The exchange offers a wide range of funding and withdrawal options, enabling investors to buy crypto with 50+ fiat currencies and other crypto assets.
Fiat payments are processed through MoonPay, Switchere, Simplex, etc.
- Credit/Debit Cards: Visa and MasterCard
- Bank Transfer: SEPA
- eWallet: Google Pay, Apple Pay, PayPal, and Revolut
- Crypto: Over 500 cryptocurrencies
Changelly User Satisfaction
Trust score is one of the most important topics in this Changelly review. The ecosystem has garnered generally positive feedback on online platforms. Changelly's TrustPilot page indicates the platform as a great exchange with a score of 4.0/5 based on 3,766 comments.
Changelly Features
This section provides a table of additional features and services available at Changelly:
Staking | No |
Yield Farming | No |
Social Trading | No |
Launchpool | No |
Crypto Cards | No |
Changelly Exchange Customer Support
The platform provides 24/7 support through two main channels, including email and live chat.
support@changelly.com | |
Live Chat | Available on the official website |
Changelly PAY and API Services
The exchange offers various services in addition to traditional crypto trading, including a comprehensive API service and a payment solution.
- Changelly PAY: A payment solution integrating 80+ crypto and 70+ fiat currencies in a single app
- API: APIs for Exchange, Fiat transactions, and DeFi services with 350+ active partners
Changelly Exchange Geo-Restrictions
While the ecosystem strives to serve a global clientele, it implements restrictions in providing services to certain regions and countries, including:
- United States of America
- Puerto Rico
- American Samoa
- Guam
- Northern Mariana Islands
- The US Virgin Islands
- Croix
- John and St. Thomas
- Iran
- North Korea
Changelly vs. Other Exchanges
Here, you can have a better perspective of the platform's preferences and options in comparison with top candidates:
Features | Changelly Exchange | Binance Exchange | Bitget Exchange | MEXC Exchange |
Number of Assets | 500+ | 400+ | 10000+ | 2800+ |
Maximum Leverage | 1x | 1:125 | 1:125 | 1:200 |
Minimum Deposit | $5 | $1 | $15 | $1 |
Spot Maker Fee | Up to 0.25% | 0.02% - 0.1% | 0.10% | 0.05% |
Spot Taker Fee | Up to 0.25% | 0.04% - 0.1% | 0.10% | 0.05% |
Mandatory KYC | No | Yes | Yes | Yes |
Futures Trading | Yes | Yes | Yes | Yes |
Mobile Application | Yes | Yes | Yes | Yes |
Fiat Payment | Yes | Yes | Yes | Yes |
Staking | No | Yes | Yes | Yes |
Copy Trading | No | Yes | Yes | Yes |
Writer's Opinion and Conclusion
Changelly provides 330,000+ crypto trading pairs with fees of up to 0.25%. The ecosystem offers various API solutions supporting 100+ fiat currencies and 3600+ DeFi tokens.
Changelly exchange has a trust score of 4.0/5 on Trustpilot, and it takes a non-custodial approach to users’ funds. It also offers Changelly Pro, a centralized exchange with leverage of up to 1:100.