Changelly Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Many crypto-crypto pairs, no fiat, no referral program and investment solutions for individuals, an extensive training program and blog analytics, low commissions on trading operations, high security and protection of client data and funds
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $1
- TradingView
- Many crypto-crypto pairs, no fiat, no referral program and investment solutions for individuals, an extensive training program and blog analytics, low commissions on trading operations, high security and protection of client data and funds
Our Evaluation of Changelly
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Changelly is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 4 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Changelly clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
The Changelly cryptocurrency exchange is distinguished among competing companies with low commission fees, high work stability, comprehensive training programs, regular blog posting of high-quality analytical materials. The platform provides customers with a free multicurrency wallet with an integrated exchanger, and transactions are performed instantly. Replenishment is possible directly from bank cards. Several dozens of cryptocurrency-to-cryptocurrency pairs are available for trading. The exchange offers favorable terms for partners; software solutions and advertising materials are transferred to them. No technical problems, bugs, or vulnerabilities have been identified
Brief Look at Changelly
The Changelly exchange provides access to dozens of cryptocurrencies and tokens for private trading. You can find here pairs with Bitcoin (₿), Litecoin (Ł), Ethereum (Ξ), Tether (₮), DOGE (D), Ripple, and other assets. There are no fiat funds on the site. Trading is carried out through the standard browser trading terminal TradingView, which allows three tariff plans – Start, Trader, and Pro. The maximum commissions for the Start plan are 0.1% (fixed) for the taker/maker, which is one of the lowest in the segment. The website doesn’t have investment solutions and referral programs, but an affiliate program for legal entities has been implemented, which allows you to earn 50% of commissions on all transactions made through the platform and 30% from commissions on conversions from fiat. The cryptocurrency exchange regularly holds contests with cash prizes among traders.
- variety cryptocurrencies and coins are available;
- high transaction speed;
- there is a quick exchange service in addition to the exchange;
- one of the lowest commissions in the segment;
- profitable program for exchange partners;
- free multi-currency wallet
- the list of altcoins is regularly updated;
- Comprehensive tutorial and analytics.
- there are no pairs with fiat funds;
- There is no private investment.
TU Expert Advice
Financial expert and analyst at Traders Union
The Changelly platform was launched in 2015. The exchange got its current form in 2017 after a total rebranding and expanded functionalities. The headquarters are located in Hong Kong. The company operates officially and is licensed to conduct financial activities. It is subject to the PRC legislation.
As of 2021, Changelly has not been noticed in financial fraud, and there have been no cases of fraud or default on obligations to customers. The platform focuses on users from all over the world; therefore, it doesn’t impose restrictions on individual regions. It is characterized by high operations stability and a level of safety that meets advanced standards.
The platform offers a typical trading terminal in a browser and a proprietary mobile application for iOS and Android systems on its terminal. During testing, the experts didn’t reveal any vulnerabilities, bugs, or errors in the trading software. The interface is intuitive, and present are all the indicators for basic technical analysis. An exchanger is integrated into the platform.
All the major options for depositing and withdrawing funds, including bank cards, are present. The exchange provides its clients with a free cryptocurrency wallet with profitable commissions. Trading commissions are among the lowest in the segment, and the maximum commission is fixed at 0.1% for taker and maker. Please note that there are special commissions for margin trading.
The site has a high-quality training system and a regularly updated blog. The platform is developing and there is an open listing. The lack of solutions for private investors (for example, staking) is always considered a disadvantage. The exchange focuses on cooperation with large legal entities that are associated with a blockchain. In terms of trading, it is suitable for traders of all levels without restrictions.
Changelly Summary
Your capital is at risk. Cryptocurrency trading can be extremely risky. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack.
| 💻 Trading platform: | TradingView in browser |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Bank cards, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | 1$ |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Market |
| 🔧 Instruments: | Cryptocurrencies |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | Many crypto-crypto pairs, no fiat, no referral program and investment solutions for individuals, an extensive training program and blog analytics, low commissions on trading operations, high security and protection of client data and funds |
| 🎁 Contests and bonuses: | Yes |
Go through the registration procedure to start trading on the Changelly cryptocurrency exchange. After that, you will become a client of the exchange and get the Start tariff, which has some restrictions. In particular, commissions for you are always 0.1%, they cannot be reduced. After passing the verification and confirmation of identity, you can get the status of Trader or Pro. The full functionality of the platform is open to these tariffs. Please note that the exchange doesn’t provide leverage. This means you can only rely on your financial assets. Technical support is provided by a ticket system, and you can also write to managers by email (indicated in the "Contacts” section). The table below shows the main exchange trading terms.
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Commissions & Fees
There is an advanced system of commission fees for Trader and Pro tariffs. Here, the commission also doesn’t depend on the asset but is linked to the trading level of the exchange client. The trading level is determined by the volume of trades over the last 30 days. There are 12 levels in total.
At the first level, with a trading volume of less than ₿5 over the past month, the commission for the taker and the maker is identical and amounts to 0.1%. But already at the next trading level, with a volume of ₿5-10, the maker's commission decreases to 0.9%. At the highest level (with a trading volume of over ₿100,000), the maker has zero commission, and the taker's commission is 0.03%.
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | up to 0.1% per application | Yes |
For margin trading, the commission ranges from 0.01% to 0.04% depending on the underlying asset. The exchange doesn’t charge fees for depositing funds in cryptocurrency and coins. The commission for depositing in fiat is 1-7% depending on the input channel. Withdrawal fees depend on the asset. You can find out more about them in the corresponding section of the website.
| Broker | Average commission | Level |
|---|---|---|
|
$1 | |
|
$20 | |
|
$0.1 |
Investment Programs, Available Markets, and Products of the Crypto Exchange
The Changelly cryptocurrency exchange doesn’t provide private persons with specialized investment solutions. There is no classic staking or other programs that are offered by many cryptocurrency exchanges. Consequently, the clients of the website can’t get passive income. The exchange is focused on active trading and is also interested in partnerships with legal entities.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Changelly’s affiliate programs:
The website has a unique offer for companies. Changelly provides an extensive list of promo and advertising materials, as well as full technical support for the implementation of proprietary solutions on the blockchain. All transactions carried out with the participation of the exchange bring the partner 50% of the profit from commissions, while 30% of the commission is transferred to the partner for all transactions performed by users in the integrated exchange service. Find more information in the "Partners" section on the official website of the exchange.
Individuals can become partners of the exchange only on individual terms. To do this, contact the managers by email that is indicated in the "Partners'' section. Clients of the exchange will not get any bonuses or benefits for inviting other users, since there is no traditional referral program on the site. Many experts see this as a demonstration of sustainable progressive positions of the company, which doesn’t need extra stimulation of the increase of customers
User Satisfaction