ChangeNOW Review 2021

In this crypto market period, where traders have thousands of options to trade, having a trustworthy crypto exchange stands important. As Blockchain technology is getting wider, these exchange websites are getting better. However, checking out reviews and understanding the concept of the specific company or platform that allows you to buy or sell cryptocurrencies will help you trade using the best crypto exchange.This same goes for the ChangeNOW review. Before you start trading, you will have questions like- Is ChangeNOW safe? Are coins of trader deposits safe? How does the platform work? Crypto enthusiasts are looking for easy ways to exchange coins, do safe trading, and earn long-term profits. ChangeNOW is one such Non-Custodial platform. The company doesn’t hold any user funds but is connected with third-party crypto swapping without depositing in the account.

ChangeNOW platform has its token, and it offers many services distributed to traders with proper explanation. With the easy registration process, affordable fees, and multiple services, the Cryptocurrency exchange platform has everything a digital-asset trader looks for to trade. For easy exchange purposes, the platform supports a wide range of cryptocurrencies.

Furthermore, there are no restrictions on the amount that may be exchanged on the service. It even offers the fiat option to make trading easy. However, checking out reviews is vital to understand the services provided by different crypto exchanges and choose the best one to begin trading.

About ChangeNOW

ChangeNOW was established in the year 2017 by two Russian entrepreneurs- Roman Lapin Dmitrievich and Petr Sergeev Konstantinovich. Their primary goal was to make Bitcoin conversions easier. ChangeNOW International Ltd is the company behind it, and it is based in Belize.

Brumm Konstantin Aleksandrovich, a capable and enthusiastic leader, leads the team to achieve consistent Cryptocurrency conversions. The non-custodial service enables hassle-free crypto-to-crypto exchanges.

ChangeNOW Summary

Headquarters Seychelles
Found in 2017
Native Token Yes
Listed Cryptocurrency 170
Trading Pairs more than 10,000
Supported Fiat Currencies USD, GBP, AUD, NZD, JPY, EUR
Supported Countries Worldwide. But following are the countries from which ChangeNOW doesn’t accept crypto exchanges.
USA, Cuba, Iran, North Korea, Crimea, Sudan, Syria, Bangladesh, Bolivia
Minimum Deposit None
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

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

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More than 170 supported cryptocurrencies to buy or sell are available on this platform, along with 30,000 trading pairs. Traders can choose any or purchase Cryptocurrency, which can offer long-term financial benefits. It contains the most well-known cryptocurrencies, such as Bitcoin and Ethereum, and a few lesser-known tokens. 

Compared to other exchange platforms, ChangeNOW is a unique company offering many advantages. One of the most distinguishing aspects of this platform is the lack of limitations to buy cryptocurrencies or sell.

One of the best parts of this site is that users don’t have any trading limit on currency swaps. It offers an unlimited exchange of crypto. Besides, users may use all services without revealing any information about themselves, such as name, phone number, or email address. There is no need for authentication. Although you can know about ChangeNOW from the interview with Pauline Shangett, Chief Communication Officer of ChangeNOW exclusively held on CryptoNewsZ.

How Does ChangeNOW Work?

ChangeNOW is available on Binance, Huobi, Bitfinex, OKEx, and Kucoin, among other Cryptocurrency exchanges. The site picks the best exchange rate on the market at any given time and provides it to users at the trade time.

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

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Benefits of ChangeNOW

ChangeNOW company has some of the best features for its users, making the trading of coins interesting and easy. These are beginner-friendly, making assets easy to use.

No Custody

Like the other two company exchanges, Shapeshift and Changelly, ChangeNOW lets users swap crypto coins with others without a deposit. The only thing the user has to do is send one currency to ChangeNOW’s wallet. When the first currency is received, the swap is completed by releasing the second currency. Traders never have to withdraw funds from the site since they are always secure in the hardware wallet. Users can use the hardware wallet for coin access.

Variety of Digital Assets

There are over 170 digital assets on the website for trading purposes.

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Fiat Currency Acceptance

The platform accepts fiat currencies- US dollar and Euro.

Limitless Swaps

There are no limits to currency volume. Users are allowed to exchange limitless funds.

KYC Enabled

ChangeNOW ensures users’ coin funds are safe. So during the registration process, the user will need to undergo a KYC procedure. This method verifies the transaction’s complete legality in the eyes of the regulatory authorities. As a result, the user affirms a law-abiding citizen with no fake ID picture and other details.

Product and Services Offered by ChangeNOW

ChangeNOW cryptocurrencies exchange platform is not limited to the desktop version but also available in the app format. Users can download the Android or iOS version to get access to ChangeNow services. Both the web and mobile apps versions are user-friendly and easy to navigate. Overall the site offers good services. Some of the products and services offered are:-

Limitless Exchanges

ChangeNOW makes it easy for users to do the transaction. Trading can begin with less than $2 of the coin and go to any upper limit.

NowPayments

The NowPayment product allows users to accept Bitcoin as a form of payment when selling or buying goods and services. They have access to all major cryptocurrencies, including Bitcoin, Litecoin, and Ethereum, among others. Merchants may integrate the NOWPayments protocol into their website in the same way as PayPal can.

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.

Referral Program

One of the primary services or products from ChangeNOW is the referral program. It features an affiliate program that rewards individuals who recommend this site to their friends. In addition, users may earn up to 0.4 percent of a new user’s trade when they make one.

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ChangeNOW Review: Pros and Cons

Every Cryptocurrency exchange service has its own pros and cons.

Pros Cons
Non-Custodial service for easy use. Not every fiat currency is available.
No deposit or withdrawal fees.
Different crypto wallets are supported. Has own wallet.
Buy Cryptocoin with Debit/Credit cards at a cheaper rate.
Mobile app.

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.

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ChangeNOW Fees

ChangeNOW exchange users need to pay some fees or exchange rate charges on different levels while crypto trading. There are no hidden fees. However, in the case of deposit and withdrawing, there are no fees charged. Instead, users are charged Network fees that keep changing as per the network load and the crypto coin used for the exchange limits purpose.

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 fees. 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 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 a relatively easy-to-use crypto exchange platform. Both beginners and experienced traders can use this currency exchange platform. It is vital to know the currency exchange rates and market volatility. Below are the steps:-

Choosing Currency

Visit the platform to purchase Bitcoin today. For the swap, the user must first choose the coins to use. There will be an option of selecting a standard or set exchange rate limits, as previously indicated. Simply click the exchange icon after choosing the currency.

Entering the Recipients’ 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.

Confirmation

The user will be asked to check and confirm the information entered on the site. It is vital to check the wallet address, the amount to be sent, the amount received, the expected arrival time, and the current rates of exchanges.

Sending Funds

The website provides a wallet address to send coins. The user will be required to wait for a few minutes to make money 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 the custody of user’s 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 identity 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

To conclude the ChangeNOW review, we can say that this site is quite simple. The developers did a good job. The best thing about this website is the user does not have to create an account for the swap crypto process. Purchases of Bitcoin and other digital assets at ChangeNOW exchange can be made using a Visa card and that makes it one of the best exchanges to buy cryptocurrency. Because trading costs are substantial, it is recommended to utilize alternate deposit methods and enjoy this crypto world. But trade as per your ability and do some research for future trading.

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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