ChangeNOW Review 2022

Many crypto exchanges are available on the market, making it difficult to choose a reputable one. With blockchain technology becoming more mainstream, these exchange websites are being enhanced. As a safeguard from fraud, it is crucial to read reviews and research the company or platform whose services you intend to use. ChangeNOW is no exception.

ChangeNOW Summary

Official Website https://changenow.io/
Headquarters Seychelles
Found in 2017
Native Token Yes
Listed Cryptocurrency ~400
Trading Pairs over 70,000
Supported Fiat Currencies USD, GBP, AUD, NZD, JPY, EUR, and others
Countries Served All countries excluding Cuba, Iran, North Korea, Crimea, Sudan, Somalia, Myanmar (Burma), Yemen, Zimbabwe, Syria, United States of America (including all USA territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands (St. Croix, St. John and St. Thomas), People’s Republic of China, Bangladesh, and Bolivia.
Minimum Deposit $2 for some transactions
Deposit Fees None
Transaction Fees Fees (around 1%) are included in the final rate offered
Withdrawal Fees None
Application Yes
Customer Support Email, Submit Form, Live Chat

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Understandably, before you start trading, you would have questions, such as, “Is ChangeNOW secure?” How safe are trader coins? What are the features of the platform?

For crypto enthusiasts, it’s important to exchange coins easily and earn long-term profits. Non-custodial platforms like ChangeNOW make this possible. Decentralized as it is, it connects to one of the top crypto exchanges without storing or placing user funds in accounts.

The ChangeNOW platform has its own token and offers traders a variety of services with comprehensive explanations. There is no mandatory registration or verification for ChangeNOW, but optional signup is available for premium services and a KYC process is required for crypto-to-fiat transactions that are processed through 3rd party fiat providers Simplex and Guardarian.

ChangeNOW offers affordable fees, a wide selection of supported digital assets, fast transaction times, and a variety of services, providing an all-in-one solution for cryptocurrency users and traders. On top of that, there are no restrictions on how much can be exchanged.

About ChangeNOW

Founded in 2017, CHN Group Limited is headquartered at Global Gateway 8, Rue de la Perle, Providence, Mahé, Seychelles. In addition, it operates a branch office in Amsterdam, Kraanspoor 50, 1033 SE, The Netherlands.

The team is dedicated to making crypto swaps as safe and easy as possible so even first-time users can understand what they are about.

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ChangeNOW partners with crypto industry giants like Binance, Atomic Wallet, Ledger, Trezor, Guarda, OKEX, and other names to deliver top-notch services.

Almost 400 cryptocurrencies are supported by the platform, totaling 70,000 trading pairs. Among the supported cryptocurrencies are Bitcoin and Ethereum, Cardano, Tether, Solana, and some less well-known tokens.

ChangeNOW has many advantages over other exchange platforms. The platform offers no restrictions on the purchase or sale of cryptocurrencies, which is one of its most distinguishing features. It is an excellent choice for cryptocurrencies investors since currency swaps have no upper trading limits.

Also, users are not required to give information about themselves, such as their name, phone number, or email address, to access the service.

ChangeNOW Focuses on Innovation

ChangeNOW is at the forefront of crypto innovation. In addition to consistently adding new popular assets such as DeFi and metaverse tokens, the platform offers discounted swap rates on a regular basis. In its NOW Wallet, it has also added support for NFTs and the ability to stake its BEP-2 NOW Token. Read an exclusive interview Mike Ermolaev, Head of PR at ChangeNOW, gave to CryptoNews to learn more about ChangeNOW’s innovation strategy.

How Does ChangeNOW Work?

The platform searches for the best exchange rates on the market and provides them to users at the time of a trade. ChangeNOW eliminates the hassle of the trading process, providing customers with the best rates and seamless service, which is as simple as choosing your currency and the currency you wish to receive in return. There are no hidden fees or complicated interfaces – it is as straightforward as it can be.

ChangeNOW Reviews - How Does ChangeNOW Work?ChangeNOW Reviews – How Does ChangeNOW Work?

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Advantages of ChangeNOW

The features offered by ChangeNOW make crypto swaps easy to handle and beginner-friendly. The ease of use also appeals to seasoned crypto traders.

  • No Custody
    The non-custodial services that ChangeNOW offers mean that the users’ digital assets are not stored on deposits or balances.
  • A Wide Range of Digital Assets Supported
    There are almost 400 digital assets available for trading on the platform.
  • Fiat Currencies Accepted
    The platform supports almost 60 fiat currencies, including the US dollar, Euro, British pound, Japanese yen, Australian dollar, New Zealand dollar, and others.
  • Limitless Swaps
    It is possible to exchange an unlimited amount of cryptocurrency. It is possible to start trading with less than $2 worth of some coins and go up to any limit.
  • Instant Crypto Exchange
    Most transactions are completed within five minutes. Although it is possible that some trades can take as long as 40 minutes.

ChangeNOW Ecosystem

ChangeNOW’s crypto exchange platform is available as an app in addition to its website version. Both the web version and the mobile app are intuitive and easy to use.

These are some of the products and services offered bу ChangeNOW:

ChangeNOW Mobile Exchange

Users can take the flagship exchange platform with them wherever they go.

ChangeNOW’s mobile app for Android and iOS. Mobile Exchange does not require users to register and there are no limits on the amount they can exchange.

Bitcoin, Ether, and other cryptocurrencies, a total of almost 400, can be purchased on the go with other cryptos and fiat currencies using a fixed or floating exchange rate. You will be notified if the network fees exceed 10% of the funds you will receive. It’s up to you whether you choose to ignore it or cancel the exchange.

The app is accessible with a pin code, Face ID, or TouchID, with data securely stored on a user’s device. During its runtime, you can choose when the screen automatically locks.

In the app, you can get 24-hour customer support.

NOW Wallet

NOW Wallet allows you to easily manage your crypto assets without revealing any personal information.

NOW Wallet is unique for several reasons:

  • You are in control of your private keys
  • The wallet does not require registration
  • Crypto can be exchanged and bought with fiat money straight from the wallet
  • With ETH transactions, the wallet features advanced features such as account nonce (the transaction counter of the sending address).
  • NOW Wallet supports over 550 assets
  • NFT functionality is available in the wallet
  • BEP2 NOW tokens can be staked in the app for up to a 25% annual return

NOW Payments

NOW Payments is a non-custodial cryptocurrency payment processing platform. A cryptocurrency donation or payment button can be integrated into a website, online store, or social media profile.

Here’s how it works:

  • You sign up with NOW Payments and download the integration tool.
  • Payments are made using cryptocurrencies that customers send to ChangeNOW’s accounts.
  • Your cryptocurrency is instantly converted into the coin of your choice and sent to your wallet.

NOW Payments accepts more than 100 cryptocurrencies, provides immediate payouts with low fees starting at 0.4%, and provides 24/7 support with a dedicated account manager.

NOW Payments ToolsNOW Payments Tools

NOW Token

NOW, ChangeNOW’s native utility token is available in both ERC-20 and BEP-2 formats and was one of the first tokens released on the Binance chain.

NOW Token can be used in the following ways:

  • It can be exchanged for other cryptocurrencies
  • ChangeNOW products and services can be purchased with it
  • It can be staked on the platform to get 25% ROI
  • Users can get cashback in NOW

NOW Tokens are available for purchase directly from ChangeNOW at the best rate. Additionally, it can be purchased on the Uniswap exchange, Binance DEX, IDEX or Swapzone.

NOW Tracker

Available for Android or iOS devices, crypto portfolio tracking app NOW Tracker allows you to keep track of your crypto holdings in both hot and cold wallets. In the same manner as other ChangeNOW products, it does not collect any personal information.

Users can check the value of more than 10,000 cryptocurrencies in 23 fiat currencies and another cryptocurrency in NOW Tracker. Portfolio distribution graphs can be seen via ticker and network.

In addition, NOW Tracker lets you monitor the value of crypto and fiat assets that you don’t hold – this can be valuable if you’re interested in monitoring the performance of an asset before investing.

NOW Loans

NOW Loans is a safe, transparent, and secure service that allows you to borrow funds in USDT or USDC with your cryptocurrency as collateral and trade with those funds.

There are several reasons why NOW Loans is different from other crypto lending services:

  • There is no limit to the term of a loan. You can apply for a short-term loan that can be repaid in a few hours or a long-term loan that lasts several years.
  • No monthly payments are required. Instead, you are charged when you close your loan.
  • Outstanding security. Your money is kept in a secure wallet that is monitored 24 hours a day. The use of safe-listed IP addresses, a VPN network, and monthly updates of private keys all enhance security.
  • There are fixed LTV and APR rates and no hidden fees.  NOW Loans offers a 50% loan-to-value and a 10% annual percentage rate. In the loan calculator, you can see how much you’ll get, the interest rate you’ll pay, and the collateral you’ll need to post.

ChangeNOW accepts the following coins as collateral at present: BTC, ETH, BCH, FIRO, XMR, NANO, DOGE, XRP, DGB, UNI, LINK, MKR, CHZ, SNX, COMP, ENJ, BAT, SUSHI, YFI, ZRX, FTM, BNT, SHIB, ADA, RVN, GRT, USDT, USDC. There are plans to add additional coins in the future.

Based on your trading strategy, you can use either a bull market or bear market loan to profit despite volatility and price directions.

Instant Crypto Exchange

The majority of trades are completed within 2 minutes. However, there is a possibility that some trades may take up to 40 minutes.

ChangeNOW Affiliate Program

ChangeNOW offers API solutions that let users monetize their websites and apps using its affiliate program. There are a lot of options, including an open-source and customizable Instant Exchange API to run your own cryptocurrency exchange, traffic monetization solutions like affiliate links, a neat button for custom websites, and content creation to earn up to 0.4% of a trading volume.

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ChangeNOW Review: Pros and Cons

Every Cryptocurrency exchange service has its own pros and cons.

Pros Cons
Easy-to-use, non-custodial service. Not every fiat currency is available.
Transparency; no hidden fees.
Support for a wide range of assets, including NFTs.
Fiat currencies are available to buy crypto.
A broad range of products in the ecosystem, including a wallet, performance tracker app, crypto payment platform, loan service, etc.
Beneficial affiliate program packed with ready-to-use tools.

ChangeNOW Registration & Login Process

The signup & login process ChangeNOW offers is quite similar to other exchanges. Account creation is eliminated. However, there is no signup required as the fund directly goes into the crypto wallet. But as a security process, the website asks for the KYC- Know Your Customer to prevent any money-laundering activity. During the KYC process, the user will have to provide government-approved address proof or ID. Otherwise, the user can directly swap one crypto to another in minutes.

ChangeNOW Reviews - Sign Up & Login ProcessChangeNOW Reviews – Sign Up & Login Process

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ChangeNOW Fees

ChangeNOW does not provide a cost breakdown for coin swaps. However, the conversion or swap cost looks to be between 0.5 percent and 1.5 percent.

Users can choose between floating or fixed exchange rates. Floating rate exchanges provide users with the price at the time of exchange based on network fees and market conditions. If the price swings by more than 3 percent, the transaction will be halted, and users can accept the new rate or request a refund.

If you don’t want to deal with market volatility, you can lock in the expected rate for 20 minutes in a fixed-rate exchange, though the cost will be higher.

Detailed information about the fees structure can be found in the FAQ section of the site.

Swap Fees

Before opting for the cryptocurrency exchange service, it’s essential to consider the exchange fees charged. This is critical when exchanging a significant quantity of Crypto limits to another coin using the cryptocurrency wallet. The coin swap costs are not stated on the website. However, the conversion or swap cost looks to be between 0.5 percent and 1.5 percent.

Deposit & Withdrawal Fees

There are no deposit and withdrawal fees charged because ChangeNOW does not have its wallet to hold Bitcoin. The Blockchain determines what the minimum network processing charge is. This charge is different for each Cryptocurrency and essentially depends on the network load.

Debit & Credit Bank Card Fees

In case the trader uses a debit & credit bank card, the platform charges an additional 5% fee. This shows that the overall fees are quite high.

Other than these, traders may have to pay:-

  • The network fee for depositing to the wallet.
  • Fee while transferring coin in the liquidity provider.
  • Fee while sending exchanged funds to the customer.

For more details on the Fees structure, you are advised to visit the FAQs section of the official site.

ChangeNOW Deposit & Withdrawal Methods

ChangeNOW, although being primarily a crypto-to-crypto transaction platform, does provide the option to buy Bitcoin with a bank visa card (VISA or MasterCard). However, unlike Cryptocurrency transactions, bank card purchases have a minimum spend requirement of USD 50 per Blockchain transaction fee. Therefore, the maximum investment is USD 20,000 and USD 50,000 per month per person.

ChangeNOW does not include the provision of storing any digital asset. Additionally, it doesn’t have any wallet service but has partnered with third parties like Atomic wallet, Exodus, etc. Users can withdraw and deposit funds or digital coins using a fixed rate for better prices and transactions.

Users will have to choose whatever Cryptocurrency they wish to purchase and then locate a safe wallet. Each digital currency often includes an official holding area that provides clients with an address and a private key to that wallet. This key should be kept secret. Users have the option of “transaction hash,” a unique identification code used for deposits and withdrawals from Blockchain. Investors can use this code to check the status and legitimacy of their transactions.

Swap Cryptocurrency Using ChangeNOW

ChangeNOW service includes a Crypto swaps option for its users, thanks to a recent update where users can buy digital currency through fiat currencies like EUR or USD under the fixed rate. Steps to swap cryptocurrency, to get a broad range idea assume you want to swap Litecoin to Bitcoin:-

  • Visit the website. Choose the coin to trade (for example, LTC) from the “You Send” drop-down menu and enter the amount.
  • Then choose the desired coin (for example, BTC) from the “You Get” drop-down menu.
  • The screen will now reflect the number of coins received. Then choose “Exchange.”
  • Now enter the wallet address of the receiver. In this case, it will be a Bitcoin address. (Users need to be careful to use a legitimate address for the currency chosen. Coins will be lost if you use an incorrect address).
  • Click the ‘Next’ button.
  • There will be details of the transaction fee and other details. Once you read the details, agree on the terms and click “Confirm.”
  • The exchange will complete the transaction and transfer the exchanged coins to the wallet after submitting the coins to the deposit address.

ChangeNOW Reviews - Swap Crypto via ChangeNOWChangeNOW Reviews – Swap Crypto via ChangeNOW

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How Easy Is ChangeNOW to Use?

ChangeNOW is one of the easiest crypto exchange platforms to use. Novice and experienced traders alike can use it.

Picking an Exchange Pair

Get started by visiting the website or downloading the app. First, choose the coins you wish to use. Next, select your exchange rate type and click the exchange button.

Filling Out the Recipient’s Address

Once the first step is done, the user will be asked to enter the recipient’s wallet address. The user needs to provide the address of the wallet to place the coin. The recipient’s USDT address is necessary. Before making the exchange, double-check the entered wallet address.

ChangeNOW Working ProcessChangeNOW Working Process

Confirmation

You will be asked to check and confirm the information you entered. The wallet address, the amount that will be sent and received, the expected arrival time, and the exchange rate should be checked for accuracy.

Sending Funds

A wallet address is provided to send coins through the platform. The user will have to wait a few minutes for the funds to reach the recipient.

Details on NOW Token

ChangeNOW has its token named NOW designed to serve as within the NOW product system, internal money is accepted. The platform conducts NOW Token burns every quarter. These burns will continue until both the ERC-20 and BEP-2 NOW token supply reaches 100,000,000. To buy the NOW Stake, the user will require Binance DEX by simply unlocking the wallet and placing the order as per prices.

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ChangeNOW Review: Security

As per the company’s responsibility, all the funds of users are highly secured. This is because the platform does not keep custody of users’ funds on the platform. Moreover, there is no need to provide personal information when it comes to the user’s identity. They cannot misuse their clients’ information by revealing their identities because they do not demand registration.

Supported Countries and Currencies

Following are the countries from which ChangeNOW doesn’t accept crypto exchanges.

  • United States of America (USA)
  • Cuba
  • Iran
  • North Korea
  • Crimea
  • Sudan
  • Syria
  • Bangladesh
  • Bolivia

Some of the supported cryptocurrencies are:-

Bitcoin, Ripple, Litecoin, Bitcoin, BTC, Tether, Tron, Cardona, Neo, and others.

ChangeNOW Customer Support

ChangeNOW offers good customer support. For a solution to any query, users can visit the Support Center page on the website and fill the request form. The support team will connect, explain, and offer investment advice. Traders can use a mobile app and phone numbers to connect with the executive. Traders will get satisfied with simple trading.

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Conclusion

After reviewing ChangeNOW, we can conclude that there are no issues with it. Its user interface is quite simple and straightforward. One of its best features is that users don’t have to create accounts to use the service. It is superior to other competitors due to the secure non-custodial nature of the platform, the ability to buy Bitcoin and other digital assets with a Visa or MasterCard, as well as the comprehensive ecosystem of products and services provided by ChangeNOW.

FAQs

Is ChangeNOW Legit?

Yes, based on the ChangeNOW review, ChangeNOW is completely legit. Users till date did not face any threat or ChangeNow scam issue.

Is ChangeNOW Secure?

Yes, ChangeNOW claims to be completely safe. It does not store any user information.

Where Is ChangeNOW Located?

It is located at Global Gateway 8, Rue de la Perle, Providence, and Mahé, Seychelles under CHN group limited.

How Fast Will Transactions Be Processed on ChangeNOW?

The usual transaction time is 2-40 minutes.

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