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Cryptocurrency exchanges are the platforms where you can buy, sell or trade cryptocurrencies.
There are many different exchanges, but Changelly is one of the best options for beginners and experienced traders. Changelly offers a quick and easy way to exchange cryptocurrencies and has a wide selection of coins available.
Changelly also has a very user-friendly interface, making it an excellent option for those new to cryptocurrency trading. So if you’re looking for a crypto exchange platform, check out our review on Changelly.
What Is Changelly?
Think of Changelly as a cryptocurrency exchange allowing users to buy and sell their favorite coins. The company was an idea of Konstantin Gladych, who also serves as CEO. Changelly has offices in Malta, Switzerland, and the Czech Republic.
Changelly accepts payments in Fiat currencies (USD, EUR, etc.) and other cryptocurrencies. It then uses those funds to purchase the desired cryptocurrency from another exchange. Finally, it sends the purchased cryptocurrency to the user’s wallet address.
Some benefits of using Changelly include its user-friendly interface and fast transactions. Changelly also offers a mobile app for Android and iOS devices.
As with any cryptocurrency exchange service, there are some risks you cannot ignore while using Changelly. These include the potential for hacks or scams and the volatile nature of the cryptocurrency market.
How Does Changelly Work?
Changelly allows users to exchange different cryptocurrencies for each other. It has a user-friendly interface and offers a wide range of cryptocurrencies.
Changelly charges a commission on each transaction, and the commission amount varies depending on the cryptocurrency.
To exchange cryptocurrencies on Changelly, users first need to create an account and deposit funds into their Changelly wallet. Once they have deposited funds, they can choose which cryptocurrencies they want to exchange.
Changelly will generate a unique deposit address for each cryptocurrency and send the funds to that address. Once the system receives the funds, Changelly will exchange the cryptocurrencies and send them to the user’s wallet.
Changelly is a convenient way to exchange cryptocurrencies and offers competitive rates. However, remember that Changelly is not regulated. So, users should be aware of the risks involved in using the platform.
Changelly’s Offer for Personal Trading
Changelly offers different services for personal trading:
- Exchange: Changelly allows you to exchange one cryptocurrency for another. This is useful if you want to convert your coins into a different currency. The same reasoning is valid if you’re going to take advantage of the differences in price between different cryptocurrencies.
- Buy: Changelly lets you buy cryptocurrencies directly with fiat currencies (USD, EUR, GBP, etc.). This feature lets you invest in cryptocurrencies without the hassle of creating a wallet and buying them on an exchange.
- Sell: Changelly enables you to sell cryptocurrencies directly for fiat currencies. This is useful if you want to cash out your investments in cryptocurrencies.
- Trade: Changelly allows you to trade cryptocurrencies with other users. This is useful if you want to trade cryptocurrencies without going through an exchange.
Changelly supports over 400 cryptocurrencies. This means you can exchange your currency for many types of cryptocurrency.
You can also use Changelly to buy cryptocurrency with your credit or debit card. Changelly is a well-known option for those who want to invest in cryptocurrency and do not have excellent trading experience.
The PRO Features
Changelly has a PRO plan that can be helpful for people who want to trade cryptocurrencies more often. Specifically, you can expect the following features from this plan:
- The Intuitive Trading Terminal allows you to read signals, place your trades and stay connected to the crypto markets 24/7. The terminal is straightforward and makes trading cryptocurrencies quick and easy.
- Intuitive account security is essential for all users of Changelly. Assets use secure 2FA protection, email confirmations, and whitelists for withdrawals. This makes it easy for users to keep their assets safe and secure while using Changelly.
- The Multi-Currency Wallet is an all-in-one multi-currency portfolio allowing users to store and manage multiple cryptocurrencies in a single wallet. This feature eliminates the need to maintain multiple wallets, which can be cumbersome and time-consuming.
The team mentioned that this list is incomplete, as it invites PRO subscribers to discover more advantages on their own.
The Project’s Affiliate Program
Changelly’s affiliate program lets you earn extra money by promoting a service you believe in. The company provides affiliate tools such as widgets, buttons, links, and banners. In this way, you can easily promote Changelly on your website or blog.
In addition, Changelly offers generous commissions and a great referral program. So if you’re looking for a way to make extra money, you might want to check out Changelly’s affiliate program.
Changelly’s one-click onboarding feature makes it easy to start using the service. Register to become an affiliate, and you can start using one of the affiliate tools. Then you can earn BTC/ETH for every transaction you generate.
Getting to Know Changelly’s API
The exchange uses an API to allow users to exchange cryptocurrencies. The API allows users to exchange cryptocurrencies by inputting the amount and the currencies they want to exchange.
Changelly then provides the user with an address to send their coins to. The user then sends their coins to that address, and Changelly sends back the equivalent amount of the other cryptocurrency.
The whole process takes a few minutes. Changelly charges a 5% fee on all exchanges.
Listing a Crypto Project on Changelly
Changelly offers an easy way for crypto teams and projects to get listed and start exchanging tokens immediately. Creating a new listing allows you to submit all the required information about your token and project.
After Changelly’s team reviews it, your listing will be live on the exchange and available for users.
Here are the steps to create a new listing:
- Go to “Listings” in the top navigation bar and select “Create Listing.”
- Fill out the form with all the relevant information about your token and project.
- Click submit, and the Changelly team will review it.
Final Thoughts on Changelly
Changelly is a user-friendly cryptocurrency exchange that allows users to exchange one cryptocurrency for another. The exchange uses an API to enable users to trade cryptocurrencies.
Changelly also offers an affiliate program, which is a way to make some extra money. You can also list your crypto project on Changelly and start exchanging tokens immediately. To learn more about Changelly, visit the project’s website and social media pages.