ChangeNOW service review. Table of Contents
- What is ChangeNOW?
- How does ChangeNOW work?
- No registration is required
- Is ChangeNOW trustworthy?
- How long does it take to exchange coins?
- Only Wallet Addresses are required
- Fees (costs) of ChangeNow's exchange service
- Difference between fixed rate flow and standard flow
- ChangeNow partners support the service
- Buy cryptocurrency with fiat through ChangeNOW
What is ChangeNOW?
ChangeNOW is a web platform created for the simple and fast exchange of any cryptocurrency. ChangeNOW strives for maximum safety, simplicity, and comfort. ChangeNOW does not store your funds or require any type of account creation.
ChangeNOW has more than 170 currencies available for exchange and has no limits; You can trade as much as you want: no account, no worries, faster than light. The fiat option is available too: you can buy cryptocurrencies with Visa or MasterCard through ChangeNOW’s third-party partner.
Make an exchange and make a deposit. You have 20 minutes to deposit your exchange funds; during that time, ChangeNOW guarantees that the rate will not change in any way. You will receive the exact amount that was shown to you.
Go to ChangeNOW’s Official Website
How does ChangeNOW work?
ChangeNOW is a useful and easy-to-use cryptocurrency exchange platform that works without the need for registration and limits. The platform allows you to make a quick exchange in just 5 easy steps.
- Choose the currency
For example, if you want to exchange Bitcoin to Ethereum, write the amount of BTC you would like to exchange in the “Send” section and choose “BTC” from the drop-down menu. Then choose “ETH” from the drop-down menu in the “Get” section and the service will automatically calculate the amount of Ethereum you will get. If everything is ok, click on the “Exchange” button. - Enter your e-wallet address
Write in your Ether wallet address under “Your ETH Address (destination address)”. Click on “Next”. If you don’t have an Ether address, you can go to the “Don’t have an e-wallet yet?” section and create your wallet with one of the services of ChangeNOW’s partners. - Confirm
Check all the information carefully and click “Confirm”. - Deposit
ChangeNOW will generate the Bitcoin deposit address for you. Send your Bitcoins to this address. - Receive your coins
ChangeNOW will find the best rate on one of the integrated exchanges, will process the transaction, and your Ether will be shipped to you in a few minutes. No emails or passwords. No long registration process. No accounts. Unlimited.
It takes some time to process the transactions. Due to the high volatility of the cryptocurrency, speed is crucial, however, the final exchange rate can be different both positively and negatively. What ChangeNOW guarantees is the best rate at the time of an exchange operation?
Start exchange coins on ChangeNOW
No registration is required
In order to use ChangeNOW, customers do not need to create any kind of accounts.
However, there are some exceptions.
ChangeNOW uses an automated risk management system to verify all transactions. Each case will be considered individually. In accordance with European AML directives, KYC regulations and platform requirements, ChangeNOW will ask you to provide a scan of your valid identification document in your country, as well as additional information on the origin of the funds.
Visit ChangeNOW’s Official Website
Is ChangeNOW trustworthy?
ChangeNOW is an instant, simple and fast exchanger. You do not need to register, and the exchange is not limited. ChangeNOW will quickly convert more than 170 currencies for you without charging additional or hidden fees.
ChangeNOW system is integrated into more than 10 cryptocurrency trading platforms, including Poloniex and Bittrex. ChangeNOW also works with ChangeNOW’s exchange partners. ChangeNOW chooses the best exchange rate and offers it.
Created by a team of experienced blockchain developers, ChangeNOW is a totally secure service – ChangeNOW doesn’t require any registration. This allows ChangeNOW’s clients to avoid identification or financial theft. ChangeNOW offers the best rates on the market, as it uses reliable cryptocurrency trading platforms.
How long does it take to exchange coins?
Processing speed varies from approximately two to twenty minutes, depending on the time it takes for a block to be made on the network. Most orders are processed in just a few minutes. If the transaction is large (more than 1 BTC or equivalent), the processing may take a little longer, depending on the size of your transaction and the capacity of the block. ChangeNOW has the highest exchange speeds on the market thanks to ChangeNOW’s revolutionary trading algorithms.
ChangeNOW transactions generally take anywhere from 5 to 30 minutes. If a transaction takes longer, that could happen due to several issues:
- DDoS attacks. Unfortunately, these issues do happen from time to time, but ChangeNOW is always ready to help and resolve any issues;
- The cryptocurrency is up to date. ChangeNOW can inform the client and disable some currencies. As soon as ChangeNOW activates them again, you will get your funds immediately;
- The blockchain is overloaded. Too many transactions are waiting to be included in the blockchain, and yours can wait their turn, too. Sometimes you have to wait a little longer.
Go to ChangeNOW’s Official Website
Only Wallet Addresses are required
When deciding which cryptocurrency you would like to purchase, look for a secure wallet. Each cryptocurrency has an official wallet. When you create a wallet, you automatically get an address and a private key. Keep your private key secret and do not share it with anyone, even if they ask for it.
For security reasons, ChangeNOW will never ask for your private keys and no one should.
The cryptocurrency wallet address is a unique combination of numbers and letters, the length of which is 26 to 35 characters. It usually looks like this: 17bkZPLB4Wn6F347PLZBR34ijhzQDUFZ4ZC.
If you want to buy a cryptocurrency, you have to send it to a certain wallet. Each coin has its own purse. The recipient’s address is their wallet so that the e-currency is transferred after the exchange.
The transaction hash (also known as “TX”) is the unique identification code that records each transaction on the blockchain. This unique code allows you to verify its status and validity on the blockchain.
Fees (costs) of ChangeNow’s exchange service
The process of exchanging crypto consists of many different steps, and during those steps, various fees are charged. These are the possible ones:
- The network fee for the deposit transaction from a customer’s wallet;
- The network fee for transferring coins to ChangeNOW’s liquidity provider;
- Trading fees that ChangeNOW’s liquidity providers charge;
- The network fee for sending the exchanged funds to the customer. The fees vary depending on the currency and the exchange amount. For every swap, ChangeNOW finds the fastest and most user-profitable way to execute an exchange.
It is crucial to ChangeNOW that the final amount you receive is as close to the estimate as possible. That’s why ChangeNOW calculates all the possible fees for every transaction very thoroughly and include them in the estimate.
There are no limits for cryptocurrency exchanges on ChangeNOW. However, to carry out the transaction, the fee is charged by the blockchain itself. The amount sent must be enough to cover all blockchain fees.
Go to ChangeNOW’s Official Website
Difference between fixed rate flow and standard flow
During standard flow, each transaction can have its own unique exchange rate due to fluctuations in rates, market conditions, and network fees. The rate can change at any time; As a result, you may receive the smallest or largest sum compared to what you thought.
The implementation of fixed-rate exchanges leads ChangeNOW to establish a small reserve to guarantee your safety against fluctuations in the exchange rate. It is included in the fee that you will see at the beginning of the exchange, other fees are not included.
Due to the rate risks ChangeNOW takes, the fixed rate may differ from the standard flow rate. However, it gives ChangeNow clients confidence in the amount they will receive.
You may choose the fixed rate flow if you would like to be certain that the amount of crypto you’ll receive will stay the same, no matter what. With fixed-rate exchanges, ChangeNOW’s users enjoy the stability of their conversions and are safe from sudden rate drops.
In some cases, fixed-rate exchanges have a lower rate but the opposite is also possible.
A fixed-rate crypto exchange is an exchange that is done at the same rate that is shown to the customer at the beginning of an exchange, regardless of subsequent rate fluctuations.
In some cases, fixed-rate exchanges have a lower rate but the opposite is also possible.
ChangeNow partners support the service
Certain trading pairs are traded through ChangeNOW’s partners. These exchanges are not much different from regular ChangeNOW swaps, however, there are a few things to keep in mind:
- In these cases, ChangeNOW does not carry out KYC verifications on ChangeNOW’s part. However, they can be carried out by ChangeNOW’s partners;
- Please note that other services with which ChangeNOW is associated may have KYC policies that are different from ours;
- However, the fact that ChangeNOW carries out exchanges through third-party services does not mean that ChangeNOW waives the responsibility for the exchange.
If you have any problems during the exchange, please inform ChangeNOW’s support team and ChangeNOW will help you as soon as possible.
Visit ChangeNOW’s Official Website
Buy cryptocurrency with fiat through ChangeNOW
You can buy cryptocurrency with a USD / EUR card. This feature is brought to you by ChangeNOW’s third-party partner service, Simplex.
Simplex chargers 5% for each purchase (at least $ 10). ChangeNOW charges 1% for such purchases. The network fees are applied as usual depending on the currency.
The purchase must be up to $ 20000; the daily purchase limit is $ 20000 and the monthly purchase limit is $ 50000 per person.
Your card must comply with the requirements of ChangeNOW’s purchase provider, Simplex: the card must be issued by VISA or MasterCard. It may be pre-paid (make sure to check if your pre-paid card is eligible for crypto-related purchases). Wire transfers, American Express, and Discover cards are not accepted.
There are several requirements from ChangeNOW’s fiat purchase provider, Simplex: your pre-paid card must be eligible for international transactions; it must be enrolled in the 3DSecure program; your pre-paid card issuer must allow cryptocurrency-related transactions.
Please check ChangeNOW official website or contact the customer support with regard to the latest information and more accurate details.
ChangeNOW official website is here.
Please click "Introduction of ChangeNOW", if you want to know the details and the company information of ChangeNOW.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...