ChangeNOW offers access to 50,000+ currency pairs utilizing two rate models, including Classic and Fixed Rate flow.
The average exchange time is 5 minutes, and the minimum amount is set to $2. ChangeNow.io also provides Instant crypto loans with 23% APR and a 50% LTV.
ChangeNOW (Company Information and Regulation)
ChangeNOW operates as an entity of CHN Group LLC., registered in Saint Vincent and the Grenadines and founded on Oct 2, 2017. The platform offers seamless access to 1000 cryptocurrencies for instant exchange and purchasing by fiat currencies.
Key features of ChangeNOW:
- Non-custodial service: Your funds remain under your control;
- Daily exchange limits of up to $20,000;
- No sign-up required;
- DeFi swaps with access to decentralized liquidity of Uniswap and Pancakeswap.
ChangeNOW.io Specifications
ChangeNOW has been integrated into crypto platforms like Binance, Bitfinex, HTX, OKEx, and Kucoin. What features make the exchange widely accepted?
Exchange | ChangeNOW |
Launch Date | 2017 |
Levels | None |
Trading Fees | Classic and Fixed Flow Rate |
Restricted Countries | Iran, Syria, Yemen, North Korea, China, Bangladesh, Afghanistan |
Supported Coins | 1000 |
Futures Trading | No |
Minimum Deposit | $50 |
Deposit Methods | Visa/MasterCard, SEPA, UnionPay, Apple/Google Pay, Revolut, Swift, FasterPay, PIX, ACH, Crypto |
Withdrawal Methods | Visa/MasterCard, SEPA, UnionPay, Apple/Google Pay, Revolut, Swift, FasterPay, PIX, ACH, Crypto |
Maximum Leverage | 1:1 |
Minimum Trade Size | $2 |
Security Factors | Non-custodial platform, AML mechanisms |
Services | DeFi Swap, API, Listing, Crypto Loans, Wallet, Telegram Bot |
Customer Support Ways | Online Chat, Ticket |
Customer Support Hours | 24/7 |
Fiat Deposit | Yes |
Affiliate Program | Yes |
Orders Execution | Market |
Native Token | NOW |
ChangeNOW User Levels
While the company doesn’t offer a traditional tiered user level structure, it has implemented a service called ChangeNOW Pro with the following key features:
- Free registration for the VIP plan;
- NOW token cashback for each transaction (from 0.1%;)
- Access to off-chain swaps and lower fees;
- Automatic NOW token staking.
ChangeNOW.io Fees Explained
The ecosystem performs as an instant exchange platform with a focus on providing lower than average fees and crypto services. It offers two exchange rate models, including:
- Classic: Flexible rates due to fluctuations, market conditions, and network fees (you may receive more or less than expected);
- Fixed: offers protection against rate fluctuations by laying down a reserve amount.
ChangeNOW Listed Coins
We must discuss the available tradable assets in this ChangeNOW review. The platform boasts an impressive array of 1,000 supported cryptocurrencies, including:
- Bitcoin (BTC);
- Ethereum (ETH);
- Tether (USDT);
- Monero (XMR);
- Ripple (XRP);
- Binance Coin (BNB);
- Polkadot (DOT);
- USD Coin (USDC).
Does ChangeNOW Offer Margin and Futures Trading?
While ChangeNOW excels in cross-chain swaps and streamlined token listing, advanced trading features like margin and futures trading are not part of its current offerings.
Opening an Account and Completing ChangeNOW KYC
The platform doesn’t require users to register or sign up. However, clients must provide a photo ID in order to use the services. however, if you want to sign up for the Pro program, follow the steps below:
- Visit the exchange’s official website;
- Click “Sign Up”;
- Provide your email address and set a strong password;
- Click the verification link in your inbox;
- Select the “Verify Now” option;
- Choose your country;
- Provide proof of ID (Passport, driver’s license, residence permit, or ID card) and a selfie.
ChangeNOW Security Measures
The exchange is a non-custodial platform that doesn’t require users to register; therefore, your data and funds are safe. The platform also has implemented multiple AML mechanisms to identify and prevent fraudulent transactions.
Key security measures taken by ChangeNOW.io:
- Advanced anti-fraud and AML mechanisms;
- Collaboration with external AML compliance providers;
- Non-custodial model to reduce hacking risks;
- Strong encryption protocols for data protection;
- Selective KYC and KYB checks for suspicious activities;
- Two Factor Authentication (2FA) integrated with Google Authenticator and Authy.
ChangeNOW.io Deposit and Withdrawals
While the ecosystem provides crypto deposits and withdrawals, it has implemented multiple options to buy and sell crypto via fiat currencies.
fiat transactions are processed through Simplex, Transak, and Guardarian, offering multiple methods, including:
- Visa/MasterCard;
- SEPA;
- UnionPay;
- Apple/Google Pay;
- Revolut;
- Swift;
- FasterPay;
- PIX;
- ACH.
ChangeNOW Trust Score
User satisfaction is one of the most important topics in this ChangeNOW review. The exchange has garnered positive reviews across various platforms like TrustPilot. There are 11,355 reviews about ChangeNOW on the platform, scoring a 4.5/5 rating.
Does ChangeNOW Offer Copy Trading Services or Any Investment Plans?
ChangeNOW itself does not offer built-in copy trading services or investment plans. However, it offers an automated stacking service on its native token, NOW.
You will be enrolled in the program upon creating a ChangeNOW Pro account.
Writer's opinion and conclusion
ChangeNOW has partnered with Binance, Bitfinex, and Edge wallet providing a non-custodial ecosystem to exchange 1,000 cryptocurrencies.
You can trade with a minimum amount of $2 with access to decentralized liquidity of Uniswap and Pancakeswap.
ChangeNOW.io has gained a great trust score of 4.5/5 on TrustPilot and offers various services like Multichain Bridge for crypto and an Exchange Telegram Bot. The lack of Futures trading services are the biggest weakness in this ChangeNOW review.
