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Changelly Trading Signals

Changelly Trading Signals - TU Expert review

Updated: October 27, 2023

Mikhail Vnuchkov

Contributor

Reviewed by

Olga Shendetskaya

Editor

Official Changelly
website Full Changelly
overview

Your capital is at risk.

Short introduction of 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.

💰 Account currency:	Cryptocurrencies
🚀 Minimum deposit:	1$
⚖️ Leverage:	1:1
💱 Spread:	Market
🔧 Instruments:	Cryptocurrencies
💹 Margin Call / Stop Out:	No

Changelly Pros and Cons

👍 Advantages of trading with Changelly:

•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.

👎 Disadvantages of Changelly:

•there are no pairs with fiat funds;

•There is no private investment.

What are trading signals?

Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.

A broker can provide signals in several ways:

Copy trading.
Email alerts.
Signals through a blog on the website.
Recommendations of a personal manager, etc.

When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.

Changelly Trading Signals

Information

The cryptocurrency exchange collects commissions and fees for each transaction. The commission is 0.1% for taker and maker under the terms of the Start tariff. The commission is fixed, it is not affected by the asset, the size of the transaction, and the total volume of the user's trades.
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	Spread (minimum value)	Withdrawal commission
Standard	up to 0.1% per application	Yes

Conclusion

Based on the results of the analysis, Traders Union analysts have concluded that Changelly does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.

See related articles in our selection:

FAQs

For what assets can trading signals be provided?

Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.

Can I subscribe to several signal providers?

As a rule, brokers allow traders to do that. It is important to subscribe to several providers or newsletters, as it helps diversify the risks.

How do I choose a signal provider?

Consider the profitability, the list of instruments the signals are provided for and the risk level of the strategy.

Team that worked on the article

Mikhail Vnuchkov

Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

Olga Shendetskaya

Author and editor at Traders Union

Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.

Changelly Trading Signals - TU Expert review

Short introduction of Changelly

Changelly Pros and Cons

👍 Advantages of trading with Changelly:

👎 Disadvantages of Changelly:

What are trading signals?

Changelly Trading Signals

Conclusion

FAQs

Related Articles

Team that worked on the article