Changelly Guide 2018 – How to use the exchange

Changelly Guide 2018 – How to use the exchange

This guide will walk you through the process of using Changelly. It will teach you how to deposit, trade, and withdraw funds.

Changelly is a cryptocurrency exchange that allows users to trade between different cryptocurrencies. The how to use changelly app will show you how to buy, sell, or convert cryptocurrencies with the exchange.

About this tutorial: We’ll go over everything you need to know about using the Changelly cryptocurrency exchange in this guide. We’ll walk you through setting up a Changelly account and getting started with the exchange. We must warn you, as usual, not to invest money you cannot afford to lose. We also recommend that you do your own study.

  • Available cryptos include BTC, LTC, XRP, ETH, Cardano, and many more.

  • Deposit Options: Cryptocurrency and Credit Card

  • GBP, USD, and EUR are all accepted currencies.

  • Email for assistance

  • Fees are 0.5 percent of the total.

Who Are Changelly and What Do They Do?

Changelly is a cryptocurrency exchange that is completely decentralized. In contrast to centralized exchanges, users do not required to go through any ID verification procedures. Since its inception in 2015, the exchange has grown to over 1.5 million registered members.

The business is based in Prague, Czech Republic, and the bitcoin world holds it in high regard. We enjoy how easy it is to purchase bitcoin with Changelly. We also appreciate the fact that Changelly isn’t only a crypto-to-crypto exchange like Binance, but also enables you to purchase Bitcoin using a Visa or Mastercard.

Users may expect Changelly to keep things as easy as possible. The interface is very user-friendly and simple to comprehend, according to TotalCrypto. This includes costs, which are simple to understand with a fixed charge of 0.5 percent for each transaction.

Why Should You Create A Changelly Account?

The majority of consumers dislike having to go through long ID verification procedures or having to have numerous accounts on various exchanges in order to get their hands on the coins they desire. A one-stop store that is easy to use is desperately needed. Unfortunately, in the bitcoin market, we haven’t quite gotten there yet, although Changelly has made the greatest effort at the time of writing.

Users may purchase Bitcoin using a Visa or Mastercard via Changelly’s fiat gateway. We believe this is fantastic, but we’d want to see additional payment options and a simple multi-crypto wallet introduced in the future. However, we find it difficult to criticize the exchange’s structure, and believe it is one of the most powerful decentralized exchanges presently available.

What Cryptocurrencies Am I Able To Purchase Through Changelly?

This, along with security concerns, is the most essential aspect to consider while selecting an exchange. It’s pointless to open an account with a cryptocurrency exchange if the coin you desire isn’t accessible.

Keep an eye on Changelly since new coins are continuously being introduced. However, we will make every attempt to maintain this information as current as possible.

Changelly Guide 2018 – How to use the exchange

Information about Fiat Payments

The first thing you should know before whipping out your Visa or Mastercard to purchase Bitcoin with fiat on Changelly is that you may use any currency, but it will be converted to USD or EUR.

The first few fiat payments you make are also subject to certain restrictions:

  •  The following restrictions apply:
    • The first transaction is capped at $50.
    • The second transaction is restricted to $100 and may be performed four days later.
    • The third transaction is limited to $500 and must be completed within seven days after the first.
    • Finally, all limitations are removed after one month, and you may purchase as much Bitcoin as you wish.
  • The following limitations apply in most countries:
    • The first transaction is capped at $200.
    • The second limit increase will take place in 24 hours.
    • You’ll have a total limit of $2,000 for the first week following your first card purchase.
    • The overall limit for the first month is $10,000.
    • Finally, you should be allowed to purchase Bitcoin without any additional limitations after a month.
  • The limitations on exchange are the same in the EU and the rest of the world:
    • The first transaction is capped at $100.
    • A second transaction with a $200 limit may be made four days later.
    • Limits are increased to $500 one week after the initial transaction.
    • The initial week’s payments are limited to a total of six transactions.
    • Finally, after one month, your Changelly account will have no restrictions.

We understand that this procedure may irritate some individuals. Changelly effectively compels you to dollar cost average, which is a silver lining. As a last idea in this post, we’ll talk about this approach and what it can accomplish for you.

How Do I Sign Up For A Changelly Account?

Changelly Guide 2018 – How to use the exchange

Facts about Changelly:

  • Changelly is a large decentralized exchange with over 1.5 million registered users.
  • The exchange has a large selection of cryptos, with over 65 to choose from.
  • User-Friendly: They’ve made it simple to use decentralized.
  • Buy Bitcoin with a credit card: Visa and Mastercard are both accepted.
  • Trust: Minergate is backed by a large community and was created by the Minergate team (a BTC miner pool from all the way back in 2013). Partnerships with well-known wallets like as Jaxx and Coinomi have been formed.
  • Support: The easiest method to reach out to Changelly is through email at [email protected] Expect this to take longer than usual, as with most trades.
  • Changelly does not charge fees to send your bitcoin to your wallet, unlike other cryptocurrency exchanges.

Do you want to join the world’s most popular decentralized cryptocurrency exchange?

 

Check out Changelly’s official video on how to use the exchange to trade cryptocurrency.

Getting Started

Simply click “Sign Up” after you’ve arrived at the site.

Changelly Guide 2018 – How to use the exchange

Please enter your email address here.

A pop-up form will appear, asking for your email address. Simply type it in.

Changelly Guide 2018 – How to use the exchange

Password for your account

Your password will be emailed to the address you provided.

Changelly Guide 2018 – How to use the exchange

Your exchange password will be sent to you through email.

Password Alteration

Go to ‘My Account’ and then ‘Profile.’ You may then change your password to something you’ll remember and activate two-factor authentication.

Changelly Guide 2018 – How to use the exchange

Your account is now up and running. That’s all there is to it.

On Changelly, How Do I Buy Bitcoin With Fiat?

This is very easy to accomplish on the exchange. Just make sure you’ve read the limitations in this article’s ‘Fiat Payment Information’ section.

The first step is to go to the site and click the ‘Buy Bitcoin with Credit Card’ option.

Changelly Guide 2018 – How to use the exchange

Enter the address of your Bitcoin wallet.

After that, you’ll be asked to input your Bitcoin wallet address. This is the address to which Changelly will transfer your Bitcoins. If you don’t yet have a BTC wallet and need some assistance, check out our cryptocurrency wallet tutorial. 

Changelly Guide 2018 – How to use the exchange

Fill in your payment information.

Then, as with any other online transaction, just input your payment information.

Changelly Guide 2018 – How to use the exchange

Fill in the required information and confirm your payment. Within 30 minutes, you’ll have your Bitcoin.

After you’ve finished transferring the money, it should take 10 to 30 minutes for you to get your Bitcoin. That’s all there is to it.

Do you already have cryptocurrency and would want to use the exchange?

Many of us have already been lucky enough to be bitcoin HODLers. We’ll teach you how to swap your crypto for a new investment if you’re interested.

Using Changelly To Set Up A Trade

The very first thing you should do is go to the Changelly site. Then just choose the cryptocurrency you have and which one you wish to exchange it for. We utilized BTC and Golem in this example.

Changelly Guide 2018 – How to use the exchange

Choose between the cryptos you already have and the cryptos you desire. Then just enter the quantity of cryptocurrency you want to trade.

You’ll then be able to see how much bitcoin you’ll get as a result of the transaction. Click the ‘exchange’ button if you are satisfied with this.

Trade Specifications

After that, you’ll be brought to a screen with the details of the transaction, the charge you’ll pay, and the anticipated arrival time of your cryptocurrency. This usually takes anything from 5 to 30 minutes. That quickly, really.

Changelly Guide 2018 – How to use the exchange

Enter the address where you’d like to receive your wallet.

To have Changelly give you the cryptocurrency you desire, you must first tell them where to send it. Simply type in the wallet address where you wish it to go.

Changelly Guide 2018 – How to use the exchange

Confirm the transaction

Then you’ll be prompted to confirm the trade’s specifics. Double-check that the cryptocurrency is being sent to the proper wallet address. Once you’re satisfied, just click “confirm and pay.”

Changelly Guide 2018 – How to use the exchange

Check the specifics of your transaction. Make sure your recipient’s wallet address is accurate by double-checking it.

Sending Crypto To Complete The Transaction

You will then be given a wallet address to which you may transfer your cryptocurrency. Simply submit a single transaction for the right amount. Then sit back and wait for your new cryptocurrency to arrive, which may take anywhere from 5 to 30 minutes.

Changelly Guide 2018 – How to use the exchange

Congratulations for completing your first Changelly trade.

Conclusion

It is, as usual, entirely up to you whether or not to utilize the Changelly exchange. However, we may express our opinions on the subject:

Pros:

  • The user interface is very basic and easy to use. Changelly makes exchanging one cryptocurrency for another a breeze.
  • The account creation procedure is quick.
  • There are no withdrawal fees, unlike other exchanges.
  • Bitcoin may be purchased with a Visa or Mastercard.
  • Trades happen quickly.
  • Minergate, a well-known team, created this game.

Cons:

  • Support might be provided more quickly.
  • There are hefty costs for purchasing crypto using fiat, like with most other alternatives.
  • Changelly’s exchange rate is around 1.6 percent lower than the average market rate. This implies that the total price you pay to utilize the exchange is greater than the stated 0.5 percent.

Changelly Guide 2018 – How to use the exchange

At the time of writing, one dollar equaled exactly one Tether.

Changelly Guide 2018 – How to use the exchange

Changelly has given us a pricing for one Golem, which you can see below.

Changelly Guide 2018 – How to use the exchange

Coinmarketcap.com, on the other hand, reports a somewhat higher price. The Changelly rate is approximately 1.6 percent worse in this case. When utilizing the exchange, keep this premium in mind.

To summarize, we think Changelly is a fantastic, user-friendly, decentralized exchange that we are pleased to promote to Total Crypto customers.

  • Available cryptos include BTC, LTC, XRP, ETH, Cardano, and many more.

  • Deposit Options: Cryptocurrency and Credit Card

  • GBP, USD, and EUR are all accepted currencies.

  • Email for assistance

  • Fees are 0.5 percent of the total.

[ratings]

DISCLAIMER: The activity of the cryptoassets discussed in this paper is uncontrolled. This post is not intended to provide financial advice. Always do independent research.

Changelly is a cryptocurrency exchange that allows users to purchase and sell cryptocurrencies. The changelly support guides users on how to use the platform and provides contact information in case of any issues.

Frequently Asked Questions

How do I use Changelly exchange?

Changelly is a cryptocurrency exchange and can be used to buy or sell cryptocurrencies. To use the service, you must first create an account on their website.

How long does Changelly take to exchange?

Changelly takes about 1-2 minutes to exchange.

Is Changelly exchange legit?

Yes, Changelly is a legitimate and reputable exchange.

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