Changelly Review

Changelly Review

Founded in 2013, in Czech Republic, Changelly has become actually a popular cryptocurrency exchange. Since then it served more than 100 000 users world wide. We tried to provide more useful details here, in this Changelly Review.

Supported Cryptocurrencies
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Monero (XMR)
  • Zcash (ZEC)
  • Dash (DASH)
  • Ether Classic (ETC)
  • Litecoin (LTC)
  • Dogecoin (DOGE)
  • few more...
Offered Services
  • Buy cryptocurrency
  • Sell cryptocurrency
  • Trade
Payment Methods Accepted
  • Visa/Mastercard
  • Cryptocurrencies
Fees
  • Exchange rate depends on the cryptocurrency¬†
  • Buying with credit card - 0.5%
Verification Process
  • No verification is required for exchanges made with cryptocurrencies
  • Phone number is mandatory when buying via bank card
  • The copy of passport may be asked to provide by Indacoin (payments processor)
Supported Countries

It's declared that Changelly accepts all 3D-secure bank cards no matter where it was issued

Changelly Review
Speed
  • Purchase via bank card is completed within 5 - 30 minutes usually
  • Cryptocurrency exchange speed depends on currency system and confirmation process
Limits
  • Limits for purchases made via bank card depends on country of residence¬†
  • It varies from $50 to $500 per transaction
  • After several orders completed, no monthly limits applied
Privacy
  • Email is required only if account was created
  • Phone number attached to bank card is necessary when buying via credit card
  • In some situations, picture/scan of passport may be asked
Security
  • SSL certificate
  • Two-factor authentication
  • Currency goes directly to user's wallet
Pros
  • Decent level of anonymity
  • Usually fast transactions
  • Support of many cryptocurrencies
Cons
  • Sometimes purchase process (via bank card) can be confusing
  • Not enough details about users privacy
Conclusion

In conclusion, Changelly supports big number of different cryptocurrencies what is great for sure. It never stores users cryptocurrencies, everything goes directly to specified wallet address.

However, we are disappointed that we found some negative testimonials online. In addition, Changelly doesn't point out exact situations when verification process must be completed. Also, there is not enough information about user privacy and security of personal details.

Rating
7/10