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Unlike other exchanges, ChangeNow allows you to swap cryptocurrencies directly without the need for registration and without any limits. But how exactly does it work then? This is what we are going to study through this article. ChangeNow has been in the market since 2017 and seems to be doing the job pretty well. If you are looking to invest in Cryptos, you must be interested to know about ChangeNow. Don’t worry, we’ve got you covered. Read this article to know everything about what is ChangeNow exchange and how it works. Let’s start with the introduction of ChangeNow.
What is ChangeNow
ChangeNow is a cryptocurrency exchange that lets your swap more than 170 coins and that too with the best possible charges. ChangeNow does it by comparing the prices of cryptos from a range of exchanges and gives you the best quote for it. The exchange claims to provide non-custodial service, but it still asks for deposit in its own wallet for trading cryptos. However, it does not keep your funds for long and completes your purchase pretty quickly
The best thing about ChangeNow is that there are no limits on the exchange, so you can buy as much as you want. You also get the option to buy cryptocurrencies using your fiat currency and can make use of traditional payment methods like Visa and MasterCard.
Reasons To Go For ChangeNow Exchange
As we’ve mentioned above there is no minimum as well as the maximum limit on purchases made on ChangeNow. The exchange lets you start with as less as $2 which can go up to unlimited. This feature is not common in other exchanges as there are mostly min and max limits on crypto trading.
The next thing that makes this exchange stand above others is that it claims to be non-custodial. It’s true that you have to deposit your funds into the ChangeNow wallet but it is not for longer that it exchanges it for your desired crypto. Moreover, the platform doesn’t require any sort of registration and you can get started with it right away without wasting any time.
Can’t wait longer and want to get cryptos in your wallet immediately? ChangeNow is the answer to your problem. With ChangeNow exchange you can buy crypto within a few minutes and get it transferred to your wallet. It also supports fiat to crypto trades and accepts payment from Visa and MasterCard.
Last but not least, ChangeNow compares multiple trading platforms and provides you with the guaranteed best cryptocurrency rates. The platform has partnered with major crypto wallets and exchanges that include Exodus, Ledger, Trezor, Binance, Bittrex, Bitfinex and many more. Many wallets, like Guarda wallets, even have the inbuilt feature to swap cryptocurrency on ChangeNow. This is the reason ChangeNow recommends using Guarda wallet to its customer.
How to Use ChangeNow?
If you are interested in buying cryptocurrencies from ChangeNow exchange, you’ll be glad to know there’s not much you need to do here. The process to exchange cryptos on ChangeNow is really simple and even if you don’t have much experience with exchanges, you’ll not face any issues. Still, need help? No worries, follow the steps given below and exchange your desired cryptocurrency on the platform right away.
- First of all, visit changenow.io or download the changenow app on your smartphone.
- Once you get to the home page of ChangeNow, there you’ll see the option to make your exchange
- The first step is to select the currency you want to deposit. You can choose from the wide range of cryptos available, Stablecoins as well as fiat currency. ChangeNow supports three fiat currencies for deposits that are Dollar (EUR), Euro (EUR), and British Pound Sterling (GBP).
- Now in the You Get field, select the cryptocurrency you want to purchase in the drop-down menu.
For instance, suppose you want to exchange US dollars for Bitcoins. So, first, you’ll select USD in the You Send drop-down menu and enter the amount you want to deposit. Don’t forget to select Bitcoin in the You Get drop-down menu and the platform will calculate the number of Bitcoins you’ll get for the amount you’ve mentioned in the You Send field.
- After you complete all the above-mentioned steps, click on the Exchange button.
- Here you’ll need to enter your Bitcoin wallet address in which you want to receive your coins. If you don’t have one, you can also click on the Don’t have a wallet yet option and create it right there.
- Next, enter your email address and Hit confirm to proceed further.
- On the next screen, you’ll see the deposit address where you have to transfer your USD or any other funds you are willing to exchange.
- After processing the deposit successfully, ChangeNow will look for the best possible rates in all the partnered exchanges.
- Confirm the transaction and you’ll get your Bitcoins in your wallet.
Is ChangeNow Exchange Safe?
If we talk about customer’s review, well, we don’t see much of a problem here. ChangeNow web portal, as well as the app, has positive reviews from customers. Moreover, the platform also verifies each customer through KYC procedure, so there are fewer chances of security breaches and thefts. Some people don’t like ChangeNow exchange merely because it claims itself to be anonymous and still asks for KYC verification. But there’s no issue with providing your details as it is for your own good only.
If your transactions or activities are found suspicious, the exchange has the authority to put your account on hold. Then you might have to provide some of your details and documents to verify yourself. These documents include an identity card, your selfie holding that ID and the source of funds. You can process further and complete your exchange as soon as you are verified. But if the verification is not confirmed, your deposits would be sent back to your account.
Whether you choose to use this exchange or any other, make sure you research well about it beforehand and don’t end up losing your funds.