Your capital is at risk
81% of retail CFD accounts lose money
ChangeNOW is a crypto-to-crypto exchange that allows users to instantly swap cryptos without any limits. It is owned by a company called ChangeNOW International Ltd, which is registered in Belize. ChangeNOW was launched in 2017, with the sole objective of providing simple and fast cryptocurrency swaps. Since the exchange provides non-custodial services, it doesn’t store users’ digital assets. It protects the data privacy of its members by following strict KYC/AML procedures with selective KYC-checks.
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The user interface of ChangeNOW is so simple and intuitive that even a novice trader can swap cryptos instantly without any hassle. At the time of writing, more than 170 coins were listed on the exchange including a large number of lesser-known ERC20 tokens. It has also released its own digital token called NOW Token, which allows users to transfer an alternative token to its main net. In addition to that, the exchange offers various benefits to its token holders like better exchange rates, affiliate commissions and more.
ChangeNOW exchange offers its services to members worldwide and the website supports 10 different languages including English, Spanish, French, German, Filipino. The following review analyses several aspects of ChangeNOW, whilst providing you with an all-rounded detailed overview of the exchange and its services. Although Cryptimi does its best to provide you with accurate information, whilst aiming to update it on a regular basis, we strongly recommend that you visit their site, for any important updates which might occur after this review is published.
Since ChangeNOW doesn’t provide an integrated wallet to store user’s funds, it is the users’ responsibility to keep their funds secure. Also, the exchange doesn’t expect any kind of personal information from users in order to swap cryptos. Hence, it doesn’t store users’ information on its servers. So, even if a hacking attempt is made at the exchange, users won’t lose anything.
ChangeNOW doesn’t hold Bitcoins or other ERC20 tokens on its platform. Instead, it will provide the best exchange rates from its integrated exchanges (including Binance, Bitfinex & Bittrex) so that users can quickly exchange cryptos within few minutes at the best possible rate. To read more about these exchanges, click on their name to access the relevant review.
How does ChangeNOW compare to other exchanges?
Your capital is at risk
81% of retail CFD accounts lose money
80.5% of retail CFD accounts lose money
Since ChangeNOW doesn’t store user’s digital assets, it doesn’t provide any kind of wallet services. However, it has partnered with other wallet service providers like Exodus wallet, Magnum wallet, Atomic Wallet and more. Hardware wallets like Trezor or Ledger are the best option to hold a large number of cryptos. For storing a smaller amount of cryptocurrencies, users can make use of Coinbase wallet or other web/software-based wallets. To learn more about Coinbase, check out our useful review.
Here are other wallets that would recommend for storing cryptocurrencies:
There is no need for the users to create an account on ChangeNOW in order to swap cryptocurrencies.
This feature is not applicable.
To exchange cryptos on ChangeNOW, users need not provide their email address, phone number or any kind of documents to verify their identity. However, the exchange can request users to follow KYC procedure or submit identity documents if the transaction looks suspicious. Otherwise, users can just swap from one crypto to another instantly without providing any kind of personal information.
Thanks to recent updates, ChangeNOW is now providing the option to buy digital currency using fiat currencies like USD or EUR. This is over and above their already offered services which allow users to swap one cryptocurrency to another. For example, it is possible to swap Bitcoin (BTC) to Litecoin (LTC), Ethereum (ETH) to Montero (XMR) and so on.
Also, they need to select a secure wallet for storing their digital assets. For holding a large number of cryptos, hardware wallets like Trezor or Ledger are the best option. Mobile wallets (Indacoin) and Desktop wallets (Exodus, Coinbase Wallet) are ideal to hold a small number of cryptocurrencies below 3,000 EUR.
Let’s assume that the user would like to swap Litecoin (LTC) to Bitcoin (BTC).
Once you send the coins to the deposit address, the exchange will process your transaction and send the swapped coins to your wallet. Typically, it takes 2 to 40 minutes to receive the cryptos on your wallet.
The procedure to ‘Buy Ethereum’ is exactly the same as for buying BTC except, of course, in steps 3 and 5 where users need to select Ethereum.
There is now the option to withdraw cryptos using fiat payment methods. Since ChangeNOW doesn’t store cryptos, users need to provide the address of their cryptocurrency wallet in order to receive and store their digital assets.
Check out our recommended crypto casinos where you can deposit and play with Bitcoin and more, once you withdraw from ChangeNow:
The top cryptocurrencies supported by ChangeNOW are given below:
Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), BitcoinCash (BCH), EOS (EOS), Binance Coin (BNB), Bitcoin SV (BSV), Tether (USDT), Stellar (XLM), TRON (TRX), Cardano (ADA), Monero (XMR), Dash (DASH), IOTA (IOTA), Cosmos (ATOM), EthereumClassic (ETC), Tezos (XTZ), Neo (NEO), NEM (XEM), Maker (MKR), Ontology (ONT), Zcash (ZEC), BitcoinGold (BTG), Basic Attention Token (BAT), VeChain (VET), Chainlink (LINK), Dogecoin (DOGE), USD Coin (USDC), QTUM (QTUM), BitTorrent (BTT), OmiseGo (OMG), Decred (DCR), Holo (HOT), TrueUSD (TUSD), Waves (WAVES), Ravencoin (RVN), Lisk (LSK), Bitcoin Diamond (BCD), Nano (NANO), Zilliqa (ZIL), Augur (REP), 0x (ZRX), ICON (ICX), Komodo (KMD), DigitByte (DGB), Paxos Standard Token (PAX), Verge (XVG), Internet of Services (IOST), Aeternity (AE)
To get the full list of coins and tokens supported by ChangeNOW, kindly check out their list right here.
ChangeNOW accepts members from a lot of countries worldwide, but not from the USA.
Except for the countries listed in the below section, ChangeNOW is available for all countries in the EU, Australia and Canada.
At the time of writing, ChangeNOW doesn’t accept users from the following countries:
Based on the information available on its website, ChangeNOW doesn’t accept users from any country subject to United Nations Security Council Sanctions List and its equivalent.
Every cryptocurrency exchange will have its own fee structure and limits.
FIAT swaps are now accepted on the platform, and fees for fiat swaps depend on currency chosen.
ChangeNOW is a no-limit exchange. Users can swap an unlimited amount of cryptos.
Fortunately, ChangeNOW has now started to accept fiat-based payment methods like credit and debit card via Visa or Mastercard. Needless to say, it also allows users to exchange cryptocurrencies.
Since ChangeNOW is a registration-free exchange, it doesn’t store any kind of users’ personal information on its servers. Hence, there is no need for the exchange to provide security features like 2FA (Two-factor authentication), IP monitoring, etc. Therefore, it’s the users’ responsibility to store their assets on secure hardware or software wallets.
For general inquiries, users can refer to the FAQs section or articles on the knowledge base section of their official site. To resolve specific issues related to transactions, users need to contact the support team by submitting the request form here.
ChangeNOW mobile app is available for Android devices to help users swap cryptos on the go. The app can be downloaded from here.
ChangeNOW has started to support fiat currencies which means users can quickly buy cryptos using VISA/MASTER card.
Both ChangeNOW and Changelly are instant cryptocurrency exchanges, that allow users to quickly swap 100+ coins. Both exchanges don’t provide an integrated wallet. Changelly allows users to buy cryptos using credit/debit card whereas that feature is not available on ChangeNOW, at the time of writing. ChangeNOW is registration-free whereas Changelly requires users to create an account, for exchanging cryptos. Both exchanges have a mobile app which helps users to swap cryptos on the go.
Both ChangeNOW and Indacoin are registration-free exchanges and allow users to quickly exchange cryptos, without having to go through the lengthy signup/verification procedure. ChangeNOW doesn’t provide an integrated wallet whereas Indacoin offers a free mobile-based multi-asset wallet for users to securely store their assets. Both exchanges have listed 100+ cryptocurrencies on its platform including a large number of ERC20 tokens. Indacoin allows users to instantly buy cryptos using their credit/debit card whereas ChangeNOW has not provided that option yet. ChangeNOW offers only email-based support whereas Indacoin provides Live Chat support to quickly resolve the issues faced by its customers.
ChangeNOW allows users to quickly exchange an unlimited amount of cryptocurrencies, without any hassle. Since it has partnered with other reputable exchanges, users can swap cryptos with profitable rates. However, if users prefer using traditional currency, they can opt for fiat-based payments. Undoubtedly, it is a great exchange for both novice and experienced traders to easily exchange cryptos on the go.
With its headquarters located in the Czech Republic's capital city, Prague, Changelly exchange is an instant cryptocurrency platform, primarily acting as the mediator between cryptocurrency trading platforms and their users.
As a UK based broker, Indacoin is an excellent choice for a novice trader to get involved in crypto as it requires no account registration and supports crypto purchases via a credit/debit card.