Changelly Review 2020
Changelly is a cryptocurrency exchange that enables traders to buy, sell, hold, and invest in over 150 cryptocurrencies, including Bitcoin, Ethereum, XRP, DASH, Digibyte, Dogecoin, Ethereum Classic, QTUM, Tron, Tether USD, and others. They provide traders with an intuitive and user-friendly trading platform, along with some trading tools, educational resources, and 24/7 live support. However, Changelly is unregulated and only offer cryptocurrency trading.
Changelly Review 2020, Pros & Cons
- Intuitive trading platforms
- A selection of educational resources
- 24/7 customer support
- Not regulated
- No USA clients
- Cryptocurrency trading only
- No MetaTrader platforms
In this detailed Changelly review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Changelly is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including Changelly.
Changelly Review: Summary
Changelly is an online cryptocurrency exchange that acts as an intermediary between crypto exchanges and users, offering access to over 150 cryptocurrencies. Operating since 2015, the platform and its mobile app attract over a million visitors monthly who are looking for high limits, fast transactions, and 24/7 live support.
Changelly Review: Regulation
Changelly is operated by Fintechvision Limited, which is a legal entity with a registered address in Wan Chai, Hong Kong. They are however unregulated. Most experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our best trading brokers for alternative regulated brokers.
Changelly Review: Countries
The Exchange states specifically that it does not accept traders from the United States. Clients from different parts of the world can open a trading account with them if their countries of residence permit online trading with international cryptocurrency exchanges.
Some Changelly features and products mentioned within this Changelly review may not be available to traders from certain countries because of legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
Changelly Review: Trading Platforms
Changelly offers a proprietary trading platform for exchanging cryptocurrencies. The platform has an intuitive and user-friendly interface. It is available as a web version and a mobile app that is compatible with Android and iOS devices, which allows traders to get access to their trading accounts and place trades anytime and anywhere, provided there is an internet connection. There is also the Changelly PRO trading platform; it has more advanced features and capabilities, such as multi-currency wallets, simple fee structure, and multiple payment methods.
Changelly Review: Trading Tools
Clients also benefit from some useful trading tools that are basically geared towards enhancing their overall trading experience. The trading tools include the Trade APIs and more.
Changelly Review: Education
The ‘Support’ section of the exchange’s website contains a vast array of educational resources, and they include the following: FAQ, Helpdesk, Blog, Tutorials, Crash Course, and much more. These can help to improve traders’ trading skills and knowledge.
Changelly Review: Trading Instruments
This cryptocurrency exchange gives traders access to trade over 150 cryptocurrencies, including Bitcoin, Ethereum, XRP, DASH, Digibyte, Dogecoin, Ethereum Classic, QTUM, Tron, Tether USD, and others.
Changelly Review: Trading Accounts & Fees
The Exchange gives traders access to create a single live trading account for exchanging their cryptocurrencies.
As broker fees can vary and change, there may be additional fees that are not listed in this Changelly review. It is imperative to ensure that you check and understand all of the latest information before you open a Changelly broker account for online trading.
Changelly Review: Customer Service
Changelly has a dedicated customer support team that is available 24/7 via Live Chat and multiple social media handles.
Changelly Review: Deposit & Withdrawal
The following payment methods are available at Changelly:
- Bank transfer (SEPA)
- Credit/Debit Cards
Changelly Review: Account Opening
To open an account, you will have to click on the ‘Sign Up’ icon and properly fill the form that will be displayed, after which you will click on submit and await approval.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Changelly Review: Conclusion
In brief, Changelly is an online cryptocurrency exchange that allows traders to exchange a wide variety of cryptocurrencies using its proprietary trading platform. Clients also benefit from a good selection of educational resources and 24/7 customer support. However, the Exchange is not regulated at the moment. You may wish to view our best crypto brokers for regulated alternatives.
The risk of loss in the exchange of crypto assets can be substantial, and therefore you should understand the possibility of losses associated with the exchange of crypto assets and must assume responsibility for all the risks associated with such exchanges and for their results.