ChangeNOW 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
- $1.7
- Browser platform
- Mobile application
- Aggregation of prices from leading world exchanges, two exchange types
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
- $1.7
- Browser platform
- Mobile application
- Aggregation of prices from leading world exchanges, two exchange types
Our Evaluation of ChangeNOW
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
ChangeNOW is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.84 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by ChangeNOW 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.
ChangeNOW's convenience lies in its ability to generate prices from numerous exchanges and offer the most favorable rates at the moment for cryptocurrency purchases and sales. Additionally, it allows users to quickly exchange a wide variety of coins without the need for registration or verification processes.
Brief Look at ChangeNOW
ChangeNOW is a platform for purchase, sale, and instant cryptocurrency exchange. It supports operations with over 170 digital coins, and 50 fiat currencies, and facilitates transactions across 50,000 trading pairs. ChangeNOW sources liquidity from global cryptocurrency exchanges such as Binance, Huobi, Bitfinex, OKEx, and KuCoin, enabling it to offer clients the best market exchange rates and swift transaction execution. ChangeNOW has its native token called NOW, based on the ERC-20 and BEP-2 standards, which can be acquired not only on global exchanges like Coinbase DEX and Uniswap but also obtained as cashback for transactions with other cryptocurrencies. The platform has been operating for more than 5 years and serves over 1 million users.
- Low requirements for the minimum exchange amount, which is less than $2, and no limit on the maximum amount.
- A vast selection of cryptocurrencies, including new and rare coins.
- No need for registration when using the platform for cryptocurrency exchange.
- A wide range of fiat currencies and trading pairs.
- Average exchange time of approximately 5 minutes.
- A user-friendly and easy-to-use web platform.
- Availability of full-fledged mobile applications.
- American Express and Discover cards are not accepted, and in some countries, bank transfers are not available.
- When trading currency pairs, it is not possible to use leverage.
- Only the exchange's native token NOW is available for staking.
TU Expert Advice
Financial expert and analyst at Traders Union
An important feature of ChangeNOW is that registration on the exchange is not a mandatory procedure for cryptocurrency exchanges. The only exception is the Premium Lounge premium account, which offers various benefits, including tracking exchange history. However, trading currency pairs is done through partner exchanges, so in some cases, you may still need to undergo the KYC procedure. For instance, this will be required when trading through Binance, Huobi, Bitfinex, etc.
The exchange offers two conversion operation types. The first is exchanging cryptocurrencies at the classic rate, meaning at the most favorable current market rate. To do this, you must specify the wallet address and select the desired coins. The deposit can be made not immediately but within 24 hours. The second type of exchange is the fixed-rate mode, where the rate displayed at the beginning of the exchange is used, and it does not depend on subsequent price fluctuations. The process of conducting a fixed-rate transaction is similar to the classic rate conversion procedure, but the waiting time for the deposit confirmation by the company is reduced to 20 minutes.
The transaction speed depends on the network load, but most transfers are completed within 2-30 minutes. One of the unique services offered by ChangeNOW is providing cryptocurrency loans on favorable terms, secured by a portion of the amount. Currently, 21 coins are available for this service, with an additional 5 coins set to be added shortly.
- You desire a wide range of cryptocurrencies for trading. ChangeNOW boasts integration with over 250 cryptocurrencies, providing a diverse selection that caters to various investment preferences and strategies.
- You prefer instant swaps between different cryptocurrencies without the need for intermediaries. ChangeNOW facilitates seamless exchanges, allowing you to swap tokens directly, such as converting Chainlink (LINK) to Cardano (ADA) without relying on intermediary cryptocurrencies like Bitcoin or Ethereum.
- You prioritize cost-effectiveness. ChangeNOW's fees are relatively high compared to other exchanges, which may impact your trading profitability, especially for frequent or large transactions.
- You need advanced charting, order types, or analytical tools. You may find ChangeNOW's interface lacking and opt for exchanges that offer more comprehensive features.
ChangeNOW Summary
| 💻 Trading platform: | Browser platform on the website, mobile applications for Android and iOS |
|---|---|
| 📊 Accounts: | Cryptocurrency wallet in the client's name |
| 💰 Account currency: | Over 170 cryptocurrencies |
| 💵 Replenishment / Withdrawal: | Cryptocurrency e-wallets, Visa/MasterCard bank cards, prepaid cards, Sepa, Union Pay |
| 🚀 Minimum deposit: | $1.7-$20 depending on the currency |
| ⚖️ Leverage: | 1:1. |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Floating multi-level commissions |
| 🔧 Instruments: | More than 170 cryptocurrencies and 50,000 pairs (crypto-to-crypto, crypto-to-fiat) |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Exchange at the classic rate, exchange at a fixed rate, market trading for currency pairs. |
| ⭐ Trading features: | Aggregation of prices from leading world exchanges, two exchange types |
| 🎁 Contests and bonuses: | Cash back in NOW tokens |
On the ChangeNOW exchange, there are very lenient requirements for the minimum transaction amount:. yYou can exchange any quantity of tokens, but the deposited funds should be sufficient to cover blockchain fees. Clients can buy cryptocurrencies with fiat currencies using a card, and the minimum purchase amount is 50 USD. These transactions are conducted through partners Simplex and Transak, with applicable commission fees deducted.
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Commissions & Fees
| Account type | Commission (minimum value) | Withdrawal commission |
|---|---|---|
| Standard | $14 depending on the pair and exchange | Network fees |
Commissions for exchanges and trades vary depending on the coins used and the transaction amount and consist of several components. These include network fees for transferring funds to/from the client's e-wallet, fees for sending currency to liquidity providers, and trading fees charged by the exchange where the transaction takes place. All commissions are included in the exchange rate, so there are no hidden fees. If a trader purchases cryptocurrency with fiat funds using a card, the service provider Simplex deducts 5%, but not less than $10 per transaction, while ChangeNOW deducts 1% of the amount.
| Broker | Average commission | Level |
|---|---|---|
|
$14 | |
|
$6 | |
|
$20 |
Investment Options
ChangeNOW offers several solutions for earning additional income. These include:
Cash back. Registered users receive 0.1% cash back on each transaction. The cash back cashback is credited in NOW tokens, which can be withdrawn at any time or used for staking.
Staking. By holding NOW tokens in the ChangeNOW account wallet instead of withdrawing them, users can earn up to 12.5% annual interest. The minimum amount of coins eligible for staking is 10 NOW, and the maximum is 100,000 NOW coins. The interest rate is not fixed: the longer the user locks their funds, the higher the reward.
Any user can also utilize the tools provided by ChangeNOW to develop their own cryptocurrency exchange or payment service. Through these tools, users can earn commissions for the use of these services and products, allowing for passive income generation.
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.
ChangeNOW’s partnership program
The exchange offers various solutions for partners interested in integrating cryptocurrency transactions into different platforms, social media pages, payment systems, and settlements. ChangeNOW provides an API interface for creating wallets and payment gateways for everyday use and businesses, as well as access to secure cold asset storage.
Partners can also use ChangeNOW's technologies to create their own cryptocurrency exchange service and set transaction fees according to their preferences. White Label partners have access to tools for generating an exchange, e-wallet, and Telegram bot under their own brand.
Additionally, the exchange offers a referral program that works as follows:
After registering as a partner on the ChangeNOW website, a referral link is automatically generated. (pPartners can also request a button and integrate it into their website or blog).
InterestedInterested users click the referral link/button and perform currency exchanges on the ChangeNOW platform.
Once a month, the partner receives a part of the exchange's commission from the transactions made by the referred users.
The ChangeNOW website provides a calculator to estimate potential earnings based on the monthly trading volume in BTC. For example, with a trading volume of 1 BTC from referred users, the partner will receive a reward of 0.0040 BTC.
User Satisfaction