Available Countries
  • Worldwide, UK, USA, Australia, Europe (Show More)
  • Deposit Methods
  • Credit Card, Debit Card, Cryptocurrency (Show More)
  • Supported Currencies
    Exchange Type
  • Centralized Exchange (CEX)
  • Supports
  • FIAT to Crypto, Crypto to FIAT, Crypto to Crypto
Margin Trading
  • No
  • Built In Wallet
  • No
  • Compensation Scheme
  • No
  • Regulated
  • No
  • Minimum Deposit
  • None
  • Deposit Fees
  • Not Applicable (Show More)
  • Withdrawal Fees
  • Not Applicable (Show More)
  • Trading Fees
  • Cryptocurreny trades @ 0.5% & 5% for FIAT to crypto (+5% Simplex Fee) (Show More)
  • Limits
  • UK, Australia & Canada up to $200 first purcahse, $500 in EU or otherwise (Show More)
  • Verification
  • KYC Verification (Show More)
  • Jump to page contents

    Changelly Exchange Review

    Changelly, an instant cryptocurrency exchange, has its headquarters located in Prague, Czech Republic. It primarily acts as the intermediary between the cryptocurrency trading platforms and the user.

    Even though it is not regulated with any legislative board, it has gained the trust of its customers by partnering with other reputable cryptocurrency exchanges like Binance, Bittrex, Coinpayments, and more. The sole objective of the Changelly is to provide a transparent, simple, quick and user-friendly interface to buy or exchange cryptocurrencies.

    The trading interface of Changelly is so simple that even a novice trader can buy or exchange their desired cryptocurrencies very easily.

    This Changelly review will analyse several aspects to provide you with an all rounded detailed overview of the exchange and its services. Although Cryptimi does its best to provide you accurate info and to update it on regular basis, we strongly recommend that you to visit their site, for any updates which might occur afterwards.

    Is Changelly Exchange Safe?

    Yes. Generally, Changelly is considered a safe cryptocurrency exchange platform. It protects the account of its users using 2FA (Two Factor Authentication) so that it is almost impossible for the fraudsters to steal information. Also, it doesn’t store sensitive information like credit card number, expiry date or CVV on its servers. Additionally, the data entered on the website is transmitted over the secure HTTPS network.

    Since Changelly doesn’t provide a personal wallet, users must ensure that they are providing only a valid wallet address in order to receive their coins correctly. Providing an inaccurate wallet address, or one which doesn’t support the coin, might result in loss of funds.

    Changelly Exchange

    Basically, Changelly is a digital cryptocurrency exchange that allows users to convert one cryptocurrency to another. It doesn’t set the price for the digital currencies. Instead, it uses a robot which fetches the rates from other large trading platforms like Bittrex, Binance, Poloniex and displays the best trading rate on the Changelly exchange. This whole process is completed within a few milliseconds.

    Even though Changelly doesn’t lock the price of the crypto, the rates will remain approximately the same till the end of the transaction. Changelly also has partnered with Simplex and allows you to purchase cryptocurrencies like Bitcoin and Ether with FIAT currency like Euro or USD.

    Changelly Wallet

    This feature is not available yet. You will need to set up a wallet on another platform before purchasing cryptocurrency from Changelly.

    Changelly Account

    With Changelly, it’s possible to buy Bitcoin (BTC) or other altcoins immediately after creating the account.

    How to Signup on Changelly

    Sign Up Changelly

    To create an account on Changelly, do the following:

    1. Navigate to their site and click the green ‘Sign Up’ button located on the top right-hand of the page.
    2. Enter your email address, complete the captcha and click the button ‘Continuing signing up’ button. (Alternatively, you can create your account using your existing profile on Google+, Facebook or Twitter).
    3. Within a few minutes, you should receive a confirmation email from the Changelly team. Click the confirmation link on that email to activate your account. Afterwards, you will receive another email with your login credentials.

    How to Login on Changelly

    Changelly Login Window

    To log in to your Changelly account, follow the steps below:

    1. Navigate to their site and click the ‘Login’ button located on the top right of the home page.
    2. Enter your email address, password (received from the Changelly team) and click the ‘Continue to your exchange’ button after completing the captcha. Don’t forget to remove the default password and set your own strong password to protect your account. To set up a strong password we recommend you to visit this site.

    Verification Requirements

    Apart from the email address, Changelly doesn’t require any other documents from users to buy or exchange cryptocurrencies. Users can buy or exchange digital currencies immediately after creating the account. For exchanging cryptos, there is no need to provide your phone number, whereas purchases made via credit card requires your mobile number for verification purposes. Additionally, you will be required to provide your personal details and billing address for purchases made via credit cards.

    Billing Info

    How to Buy Digital Currency on Changelly

    With Changelly, users can buy 50+ cryptocurrencies including BTC, ETH, ETC, LTC, BCH, XRP, and many more using any fiat currency. Technically, the exchange will convert fiat currency to EUR or USD for processing the transaction. Apart from purchases using fiat currency, Changelly also accepts cryptocurrencies as a payment option. It doesn’t charge any hidden fees but deducts a marginal fee of 0.5% for every transaction.

    How to Buy Bitcoin (BTC) on Changelly

    Buying BTC

    Buy Crypto Exchange Changelly

    This example explains how to buy Bitcoin (BTC) on Changelly with a credit card.

    1. Make sure you have a wallet which supports Bitcoin such as the Ledger Nano S, Trezor, or a Coinbase Wallet (For the free Coinbase Wallet, navigate to Coinbase > Accounts > ETC Wallets > Receive > Show Wallet)
    2. Log in to your Changelly account.
    3. Select the fiat currency (USD/EUR/GBP) on the left side and BTC on the right.
    4. Enter the number of Bitcoins (BTC) you would like to buy or the amount you would like to spend (EUR/USD/GBP). Here, you will also see the purchase limits related to your first few transactions. If the exchanges rates are reasonable, click the ‘Exchange!’ button.
    5. Enter the receiving wallet address and click the ‘Continue’ button.
    6. Next, enter your personal details name, email, phone, billing address and click the continue button.
    7. Then, provide the information related to your payment card (card number, expiry date, CVV etc). You must use only cards which supports 3D security.
    8. Finally, enter the verification code sent by your bank via SMS or a phone call.

    Congratulations! You have placed your first order for Bitcoins. You should receive them on your wallet within 5-30 minutes once the transaction gets completed.

    How to Buy Etherum (ETH) on Changelly

    Buying Etherum

    This example shows how to buy Ethereum (ETH) using Bitcoin (BTC):

    Buying Ethereum

    1. Make sure you own an Ether wallet, if not visit this site to create one.
    2. Log in to your Changelly account.
    3. Select BTC on the left and ETH on the right.
    4. Here, you will see all the details related to your transaction like exchange rate, network fee and the estimated interval to receive the digital cryptocurrency. If the rates and fees are acceptable, then click the ‘Next’ button after agreeing to the terms.
    5. Enter the recipient wallet address and click the ‘Next’ button.
    6. Once again, all the details related to your transaction will be displayed on the screen. Click ‘Confirm and make payment’.
    7. You will now see the wallet address of Changelly to which you have to send your digital currency. You should enter this address for the ‘Recipient’ column on your wallet to send the coins to Changelly. If you have a mobile app for your wallet, you can scan the QR code to insert the address.

    QR Code

    Once your Bitcoins (BTC) are received by Changelly, the equivalent Ethereum (ETH) will be sent to the recipient wallet address mentioned in the transaction. Usually, this process takes only 5-30 minutes and you will receive the coins once the transaction gets completed.

    How to Buy Ethereum Classic (ETC) on Changelly

    This example shows how to buy Ethereum Classic (ETC) on Changelly using a credit card.

    1. Make sure you have a wallet which supports Ethereum Classic such as the Ledger Nano S, Trezor, or a Coinbase Wallet (For the Coinbase Wallet, navigate to Accounts > ETC Wallets > Receive > Show Wallet). Note that an Ethereum wallet address does not support Ethereum Classic.
    2. Log in to your Changelly account.
    3. Select the fiat currency (USD/EUR) on the left and the digital currency Ethereum Classic (ETC) on the right.
    4. Enter the number of ETC you would like to buy or the amount you would like to spend (EUR/USD). Here, you will also see the purchase limits related to your first few transactions. If the exchange’s rates are acceptable, click the ‘Exchange!’ button.
    5. Follow the Steps 4 to 7 mentioned in the section ‘How to Buy Bitcoin (BTC) On Changelly’.

    Congratulations! You have placed your first order for ETC. You should receive them on your wallet within 5-30 minutes once the transaction gets completed.

    How to Buy Litecoin (LTC) on Changelly

    This example shows how to buy Litecoin (LTC) using Ethereum (ETH).

    1. Make sure you have a Litecoin Wallet.
    2. Log in to your Changelly account.
    3. Select ETH on the left and LTC on the right.
    4. Follow the Steps 3 to 6 mentioned in the section ‘How To Buy Ethereum (ETH) Using Changelly’.

    Once your Ethereum (ETH) is received by Changelly, the equivalent Litecoin (LTC) will be sent to the recipient wallet address you indicated in the transaction.

    How to Buy Bitcoin Cash (BCH) on Changelly

    This example shows how to buy Bitcoin Cash (BCH) using Bitcoin (BTC).

    1. Make sure you own a BCH wallet. Note that a Bitcoin wallet address does not support Bitcoin Cash.
    2. Log in to your Changelly account.
    3. Select BTC on the left and BCH on the right.
    4. Follow the Steps 3 to 6 mentioned in the section ‘How To Buy Ethereum (ETH) Using Changelly’.

    Once your Bitcoins (BTC) are received by the Changelly, the equivalent Bitcoin Cash (BCH) will be sent to the recipient wallet address indicated in the transaction.

    How to Cash Out on Changelly

    Unfortunately Changelly doesn’t allow you to sell any digital currency or withdraw the amount to your bank account or payment card. If you want to sell your crypto and withdraw the cash to your bank account, you can do this by using another exchange like Coinbase.

    Supported Cryptocurrencies

    Changelly allows users to buy Bitcoin (BTC), 50+ altcoins and cryptocurrency tokens. The top cryptocurrencies listed on the exchange are listed hereunder:

    Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Bitcoin Cash (BCH), Dash (DASH), Ripple (XRP), Tether USD (USDT), Bytecoin (BCN), Monero (XMR), Cardano, Binance, DigitalNote (XDN), QuazarCoin (QCN), Dashcoin (DSH), Fantomcoin (FCN), Dogecoin (DOGE), NuBits (NBT), Next (NXT), Aeon (AEON), Radium (RADS), MaidSafeCoin (MAID), Factom (FCT), Synereo (AMP), Lisk (LSK), Expanse (EXP), NEM (XEM), Steem (STEEM), Ardor (ARDR), Stratis (STRAT), Augur (REP), Gulden (NLG), Zcash (ZEC), Zclassic (ZCL), Golem (GNT), Waves (WAVES), Qtum (QTUM), EOS token (EOS), 0x Protocol (ZRX), Bitcoin Diamond, Skincoin (SKIN), Icon (ICON), ProCurrency (PROC), Telcoin, Dent (DENT), Bankex (BKX), TrueUSD (TUSD), Smartcash, Hshare (HSR), Nexo (NEXO).

    To get the full list of all the cryptocurrencies supported by Changelly, kindly visit their homepage and scroll to the bottom:

    Supported Currencies

    Supported Countries

    Changelly accepts users from almost all countries worldwide, including the UK, EU, US, Australia, and Canada.

    Supported

    Most countries in the world.

    Excluded

    Based on the information available on its official website, Changelly has not blocked any country from exchanging or buying cryptocurrencies on its platform.

    Exchange Fees & Limits

    Every cryptocurrency exchange will have its own fee structure and limits. Changelly is not an exception.

    Fees

    Changelly will deduct a fee for every trade made on your account and their fee structure is given below:

    Trading Fees

    A 5% commission fee for every cryptocurrency transaction applies.

    Network Fees

    These are calculated in real time and vary based on the cryptocurrency used and the load on the blockchain network. For Bitcoin, it is approximately 0.00085BTC, Ethereum is at 0.00042ETH and Litecoin has a fee of 0.003LTC.

    Deposit/Withdrawal fees

    These are not applicable. No deposit is required to purchase cryptos and users cannot withdraw cryptocurrency to their bank account.

    Important Note – users must bear the Simplex fee of 5% (Simplex is responsible for processing the credit card transactions) and the additional Changelly Fee of 5% for buying digital currencies using the credit card.

    Limits

    Depending on your geographical location, Changelly exchange has fixed certain limits for the first few purchases made using credit or debit cards. There are no limits for exchanging two cryptocurrencies.

    EU & Other countries:

    • First purchase – up to $500
    • Second purchase (can be made in 4 days) – up to $1000
    • Maximum of 6 purchases can be made in the first week

    UK, Australia and Canada:

    • First purchase – up to $200
    • Second purchase (can be made in 4 days) – up to $500
    • Third purchase (after 7 days of first purchase) – up to $3000
    • Maximum of 3 purchases can be made in the first week

    There might be some slight variations depending on the fiat currency you choose.

    Supported Payment Methods

    Changelly allows its customers to use any of the payment methods listed below based according to their location.

    • Credit/Debit Card (only 3D-Secure VISA and Master cards are accepted)
    • Cryptocurrency

    Update: As of March 2019 Changelly, started accepting GBP trading together with EUR & USD. So if you use one of these fiat currencies, we recommend for you to buy now.

    Changelly Security

    To protect its customer’s account from unauthorised access, Changelly Exchange offers 2FA (Two Factor Authentication) using Google Authenticator app. If the 2FA setting is enabled, then any kind of transaction will be completed only after entering the authentication code displayed in the Google Authenticator app on your phone. By default, the 2FA is disabled and users may turn on the option from their profile page.

    Changelly Customer Support

    In case you experience any issues with your Changelly account, you can contact their live support by clicking the support link located at the bottom of their homepage. After filling the required fields on the form, click the Send Feedback button to send your query.

    A representative will contact you within a few minutes to resolve your query. Otherwise, you can send an email to [email protected]. Apart from that, you can post your query on their official subreddit r/Changelly on Reddit platform.

    Changelly App

    This feature is not available yet.

    Changelly Coming Soon Features

    • Changelly is developing the Android-based mobile app for its customers and it will be released very soon.
    • Changelly is also redesigning its website in order to make the interface more user-friendly so that users can swap their coins very quickly.

    Top Competitors

    Changelly vs Shapeshift

    Both Changelly and Shapeshift offer the possibility of instant exchange for a large number of cryptocurrencies without requiring any documentation to verify the identity of users. Even though many of their features look similar (both have simple interfaces, they do not have an integrated wallet or accept deposits and support over 50 altcoins), there are some notable differences. For example, Changelly allows users to buy cryptocurrencies using credit or debit cards whereas Shapeshift doesn’t accept fiat-based payments. Regarding fees, Shapeshift doesn’t charge any kind of fee other than that of mining, whereas Changelly deducts a marginal fee of 0.5% for every transaction made. Like Changelly, Shapeshift also accepts members from all parts of the world.

    Changelly is considered more popular than Shapeshift because it allows even the novice traders to buy Bitcoin (BTC) or altcoins quickly by means of credit or debit cards.

    Changelly vs Coinmama

    Even though both exchanges allows users to buy the top cryptocurrencies, Changelly gets a better rating than Coinmama in terms of the number of cryptocurrencies and payment options. For example, Coinmama lists only a limited number of digital currencies, whereas Changelly supports more than 50 altcoins on its exchange. Also, Coinmama doesn’t accept crypto payments, while Changelly provides an instant exchange of a wide range of cryptocurrencies. Regarding the fees, Changelly is more expensive when purchasing cryptos via credit card than Coinmama.

    Both exchanges accept members from major parts of the world including the EU, UK, US, Australia and Canada. Regarding customer support, Changelly aims to quickly resolve problems faced by its customers via Live Chat whereas Coinmama doesn’t have a chat option.

    Changelly Review Conclusion

    This Changelly review clearly indicates that users can buy and exchange a large number of cryptocurrencies instantly. Thanks to its straightforward verification process, which requires no need to upload any documents, it takes only a few minutes to buy digital currencies on this exchange. Even though it charges high fees for buying cryptos using fiat currency, the crypto-to-crypto rates are very reasonable.

    Hence, Changelly is really a great option for thenovice traders to get hands-on experience with cryptocurrency trading. On the other hand, it works well for the professional traders because they can instantly exchange any cryptocurrency without revealing their identity as the transactions are made anonymously. Additionally, it allows them to easily expand their coin portfolio. The only shortcoming Changelly has is their lack of a mobile app, which will really help users to buy cryptos on the go.

    Rating Score

    Pros

    • Lists 50+ cryptocurrencies
    • Low exchange fees
    • Instant crypto-to-crypto exchange
    • No documents needed to buy cryptos
    • Live chat support

    Cons

    • No wallet to store coins
    • High processing fees for credit card purchases
    • No mobile app

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