If you are familiar with cryptocurrencies and are exploring the possibilities of adding a few more trading platforms to your list, then you will find this article interesting and you will be able to take away quite a bit of useful and valuable information. We will, over the next few lines, be talking about Changelly. If you are into cryptocurrency buying and selling on a regular basis, then it is quite obvious that you will know how important it is to have the right 3wtrade platforms. Hence, there are many reasons as to why it would be a good idea to have a closer look at the features and functionalities of Changelly as a trading platform for cryptocurrencies.
Some Basic Information About Changelly
This trading platform was founded in the year 2013. However, in 2013 what we saw was just a prototype. It was created by a team who were a part of a setup by the name MinerGate. At this point MinerGate and Changelly were two different entities. But Changelly started to become popular in 2016 and this was the year the actual traction started. Since then, it has been able to garner more than 2 million users. It also is proud its growth story because its record is perfect and clean. The software and trading platform that it uses is also of the top quality and it is totally free from frauds, bugs and hackings.
Features That Are Interesting
Cryptocurrency trading is becoming very popular these days and there are hundreds of thousands of traders who are into buying and selling of cryptocurrencies. They certainly need a good trading platform and this is where Changelly is able to make their presence felt quite strongly. They facilitate buying and selling for traders and they charge a reasonable fee for it. Apart from this basic function, there are a few more things that make this trading platform unique and different. We are happy to share a few of them for the benefit of our readers
Ease of Trading
Ease of trading is perhaps one of the main reasons for the growth of Changelly when compared to many other trading platforms. They do not insist on personal information whenever you need to change your tradecoins or buy or sell them. They only ask from you the email details and this should not be a tough thing to give. Once this has been given, you can get started with the trading.
They also offer their services for a flat fee of 0.5% per trade. In other words, when you trade different cryptocurrencies, you will have to pay a fee of 0.5% for the amount traded. However, this does not apply for fiat currency trading. The fiat fees are not as transparent as the cryptocurrency trading fees and this is an area where some traders are not too happy with Changelly.
They also offer their users an affiliate program and willing people can participate in it just by registering to the site. There are some differences as far as this affiliate program is concerned, when compared to others. They offer their affiliates a 50% share of the revenue that is generated through such referrals.
There are not many reasons to believe that Changelly has made any compromises with safety of trading and confidentiality of client information. They use the best of encryption technologies, firewalls and other such precautions to ensure that there are no possibilities of fraud or stealing of information of clients.
Payment & Withdrawal Options
The trading platform offers traders a number of payment and withdrawal options including credit cards, debit cards, wire transfers and much more. Hence, customers may not have too many reasons to complain on this count.
Pros & Cons
- Reputed and well known having been around since 2016.
- Reasonably exchange fee of just 0.5%.
- Easy to get started with the help of an email.
- The best of safety and security features are in place.
- It is possible to use the exchange services straight from the e-wallets.
- Impressive 24/7 support system with real people to help traders.
- Fiat currency fees are high and there is lack of transparency.
- Services are slow, but very rarely.
There is no doubt that since its inception, Changelly has been offering very reliable and trustworthy services to its customers. They are constantly putting in effort to add new altcoins for people to trade apart from the existing 100 coins. They have been able to give customers the best of experience apart from offering the best of security and safety to their traders. The only issue is with regard to commissions for Fiat currency and Changelly must be aware of it.