What is Changelly Cryptocurrency Exchange Bot?

Changelly Exchange
Changelly Exchange

Overview

Changelly is a swift cryptocurrency exchange platform. It offers great crypto-to-crypto rates and is available in every country worldwide.

Changelly

9.1

Cost

9.5/10

Functionality

9.6/10

Support

8.2/10

Safety

9.0/10

Pros

  • Support for a lot of coins
  • Low fees (just don’t use fiat)
  • Reliable and quick support
  • No personal information required
  • Easy and convenient way trade multi cryptocurrencies

Cons

  • Extremely high fiat fees

 

 

Changelly Cryptocurrency Exchange Bot Review

Changelly is a cryptocurrency exchange that aims to trade by using an automatic trading robot that integrates with trading platforms like Poloniex and Bittrex. Changelly can make bids and asks on select exchanges. Changelly allows you to trade cryptocurrency without any verification or registering at any exchange. Supports the instant and seamless conversion of over 80 altcoins and tokens.

Changelly is partnered with Jaxx, Coinmarketcap, Bittrex, Coin payments, Uquid debit card, Coinomi, and other reputable companies. It services over 700,000 users and processes over 50,000 BTC monthly.

 

Benefits

The Changelly Cryptocurrency Exchange Bot has some great and unique features.

  • Suggests the best cryptocurrency exchange rates from the largest cryptocurrency trading platforms
  • Integration with many of the largest exchanges
  • Accepts all bank cards with 3-D security features
  • Transactions in either USD or EUR

Exchange inforgraphic

 

Countries Supported

The Changelly Cryptocurrency Exchange Bot offers worldwide access

 

Buy & Sell

BuyingSellingLimits
  • Make a buying request
  • The robot requests the trading platforms latest rates
  • The bot then selects and displays the best available rates in your user interface
  • Rates remain estimates until the transaction is executed on the blockchain
  • Buying methods
  • Accepts more than 60 cryptocurrencies
  • Accepts USD or Euro debit and credit cards
  • The selling process works the same as the buying but in the reverse
  • There are no mandatory limits but it is recommended that you follow their suggested minimum limits
Special Note
No exchange max amount limits, but has a variable minimum amount recommendation. Best to divide large amounts into smaller ones and send every couple of hours.

 

 

Fees & Currencies

Changelly has static-rate. All crypto trades have a 0.5% fee. Trades from Fiat are supposed to be at the same rate but it appears those rates vary considerably and can be excessively high. This is out of Changelly’s hands as they process these transactions through third-party services; each with their own fees. Visit Changelly to see what fees will be applied based on your location.

While cheaper rates can be had directly from many trading platforms, if you’re making multiple trades, Changelly can save you money.

 

Supported Cryptocurrencies

The Changelly Cryptocurrency Exchange Bot supports numerous digital currencies
  • Bitcoin (BTC)
  • Litecoin (LTC)
  • Bytecoin (BCN)
  • Monero (XMR)
  • Digital Note (XDN)
  • QuazarCoin (QCN)
  • Dash (DASH)
  • Fantomcoin (FCN)
  • Ethereum (ETH)
  • NuBits (NBT)
  • Dashcoin (DSH)
  • Ripple (XRP)
  • Nxt (NXT)
  • Aeon (AEON)
  • Radium (RADS)
  • MaidSafeCoin (MAID)
  • Factom (FCT)
  • Synereo (AMP)
  • Bitcoin Gold (BTCG)
  • Verge
  • Many More…

 

Safety & Security

Changelly offers a two-factor verification.

 

User Experience

Quick Guide

Create Account

  1. Select the coins to change: Bitcoin to Ethereum, Litecoin to Dash, etc.
  2. Verify the transaction fees displayed
  3. Enter your receiving address
  4. Confirm the transaction and pay in your preferred currency.
  5. That’s it! Now just wait about 30 minutes and your coin should be in the wallet

Verify Account

  • You need an email address to create an account on Changelly.
  • Or, sign up using a social media account like Facebook and Twitter.

 

Customer support

Changelly seems to be doing fairly well with their customer support; a challenge for most crypto-services. Most requests will be dealt with with a few hours to a day.

They have an informative website with an in-depth FAQ that will answer most questions.

If you need further support, you can contact Changelly via their contact form

 

Feedback

Changelly reviews are a mixed bag. You might be getting the impression that this is the norm if you’ve read through other reviews on APC. Unfortunately, it kind of is.

You may also have noticed that many (not all by a long shot) of the complaints come down to users not taking the time to read about the services they are about to take part in. Frustration fueled paranoia has filled many forums with rantings of hidden fees, theft and the like. When, in many cases, the fees were laid out quite clearly. Whether the user didn’t read them or didn’t understand them, they were there. So, please take the time to read and understand the details of every service you are going to take part in. Yes it’s boring and I don’t know anyone who gets off on it, but it’s important.

Changelly reviews are a great example of this. The internet is full of one-star reviews about expensive fiat-to-cryptocurrency trades. As mentioned above, changelly clearly explains why this is and that it is out of their control (at least for now). Yet users still rant and rave. Failing to take any responsibility for their loss. Here are the facts. It’s expensive… very expensive. But, it’s not hidden from anyone and all transactions are voluntary. If you think it’s too much… agreed… so, don’t use the service. If you use it because you failed to read… that’s on the user. Sorry bud, it’s just true. My pessimistic bet is that many of these individuals would likely agree that a country like the US is over litigious, but this is the reason why. Grown adults continue to demand that they are babied through life.

Ok, sorry for the rant… I use Changelly but am not defending them or anything in particular. I’ve just read so many of these kinds of complaints lately that, I guess, I needed to vent a bit.

Anyway, too much? Share your thoughts below.

 

Final Verdict

I like Changelly and think it’s a GREAT service. It facilitates quick and simply trading at a low 0.5%. It would be nice if the company was more transparent but that doesn’t bother me as much as it seems to others. Mainly because Changelly doesn’t hold your coins. It sends funds to large exchanges and then straight to your wallet. Final Verdict: I use Changelly and haven’t experienced any issues. Every question I’ve had was dealt with by the team within a day; usually quicker. It’s an EXCELLENT solution for those multi-trading.

 

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