Changelly is a cryptocurrency exchange platform offering trade options for a variety of digital assets including Bitcoin, Litecoin, Ethereum, and others, but no fiat currencies. Its trading platform leverages the TradingView browser terminal, with three subscription plans and impressively low maximum fees of 0.1% for both makers and takers.
In the Changelly website review conducted by Traders Union, it found no referral or investment solutions, but there’s an affiliate program for businesses. Additionally, the platform hosts regular trading contests with cash rewards.
Changelly: Pros and cons
Traders Union has detailed the advantages and disadvantages of using Changelly as a broker for cryptocurrency transactions.
Pros:
- Availability of a diverse range of cryptocurrencies and coins.
- High-speed transactions.
- Quick exchange service besides regular exchange.
- Extremely competitive low commission rates.
- Beneficial partner program for exchanges.
- Provision of a free multi-currency wallet.
- Regular updates to the altcoin list.
- Extensive educational materials and analytics.
Cons:
- Lack of trading pairs with fiat currencies
- Absence of private investment options
Overall summary
Changelly sets itself apart from competitors with its low fees, reliable operations, extensive training resources, and quality analytical blog posts. It offers a free multicurrency wallet featuring an integrated exchanger for instant transactions, and users can replenish from bank cards. Dozens of crypto-to-crypto pairs are available for trade. Partners are offered attractive terms and provided software solutions and promotional materials. No technical issues or vulnerabilities have been reported.
Expert review of Changelly
TU experts have carefully assessed the Changelly cryptocurrency exchange platform, considering its history, operations, and offerings. Here are the key findings:
- Changelly was launched in 2015, underwent a major rebranding in 2017, and is headquartered in Hong Kong.
- It operates under official license and PRC legislation, with no reported instances of financial fraud or obligation default as of 2021.
- The platform caters to users worldwide, without region-specific restrictions, and boasts high operational stability and advanced safety standards.
- It offers a browser-based trading terminal, a proprietary mobile app for iOS and Android, and an integrated exchanger, all of which demonstrated no vulnerabilities during testing.
- The platform provides various deposit and withdrawal options, including bank cards, and a free cryptocurrency wallet with competitive commissions.
- Trading commissions are among the lowest, with a maximum fixed rate of 0.1% for both taker and maker.
- It offers quality education resources, an updated blog, and open listing, but lacks private investor solutions like staking.
- The exchange fosters collaboration with large legal entities in the blockchain sphere and is suitable for traders of all levels.
Analysis of the main features of Changelly
Analysts from Traders Union undertook a thorough assessment of Changelly, examining several critical factors. The evaluation was grounded on these pivotal criteria:
- Overall Score: 6.25
- Execution of Orders: 6.04/10
- Investment Instruments: 6.46/10
- Withdrawal Speed: 6.1/10
- Customer Support: 6.4/10
- Variety of Instruments: 5.88/10
- Trading Platform: 6.62/10
Changelly’s affiliate programs
According to TU, Changelly offers unique opportunities specifically tailored for companies.
- The exchange provides companies with promotional and advertising materials, along with full technical support for implementing their proprietary blockchain solutions.
- Partners earn 50% of profits from commissions on transactions involving the exchange, and 30% of the commission for user transactions within the integrated exchange service.
- Individual partnership terms can be negotiated by contacting the exchange’s management via the email provided in the “Partners” section.
Broker comparison with Changelly
Traders Union has curated a list of the top five brokers that stand parallel to Changelly in terms of features, security, and user experience.
- Bybit: Unlike Changelly’s focus on diverse cryptocurrency exchange services, Bybit specializes in cryptocurrency derivatives trading.
- OKEx: OKEx offers futures trading and a broader range of financial products compared to Changelly, which is primarily an exchange platform.
- Binance: Binance has a larger volume and more comprehensive features, but Changelly stands out with lower fees and a user-friendly interface.
- Huobi Global: While Huobi offers a wider range of cryptocurrencies and advanced trading options, Changelly prides itself on competitive fees and operational stability.
- KuCoin: Compared to Changelly’s simplicity and low fees, KuCoin offers more advanced trading features and additional services like staking and lending.
The recent emergence of platforms like bitcoin.com further diversifies the market, offering more choices for traders, including services beyond traditional exchange such as wallet services, educational resources, and news updates. For this reason, it’s crucial for users to conduct their research before choosing a platform to trade cryptocurrencies.
Conclusion
Changelly delivers a streamlined user experience with competitively low fees, a robust trading platform, and a diverse selection of cryptocurrencies. Despite its limitations, such as the absence of fiat trading pairs and private investment options, it remains a strong contender in the evolving crypto exchange landscape. For a comprehensive understanding of various brokers and trading platforms, consider visiting the Traders Union website for in-depth analyses and reviews.
Disclaimer: The content of this partner post is provided by Traders Union. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.