Changelly Review: Is It A Reliable Alternative To ShapeShift For Cryptocurrency Exchange?
But when wij want to get ahold of other cryptocurrencies (altcoins) like XRP, Monero, ETH/ETC, LTC, or any other, wij have limited options.
The altcoin market is flourishing, but due to a slow development process, wij often face the challenge of buying those cryptocurrencies.
The best way to get ahold of most of altcoins (Alternate cryptocurrencies) is by using a cryptocurrency exchange webstek.
Note: Since the cryptocurrency field is not so old and wij have to be careful when it comes to using any such online webstek, wij here at CoinSutra do the field testing and share about working sites. If wij spot a scam webpagina, wij will let you know before you waste your money.
When it comes to exchanging cryptocurrencies, you might have heard of Changelly ter various forums (including the Reddit thread on Bitcoin). I have used ShapeShift te the past to exchange BTC into ETH and few other currencies, but a few days back I got to know about Changelly.
The very first few questions I had about Changelly:
- Is Changelly legit or is it a scam?
- Can I trust Changelly with my money?
- What happens if something goes wrong. Will I get support?
I began researching & got some rave reviews about Changelly.
Some users even suggested that it’s a better alternative than ShapeShift.
After a few hours of research, I thought of providing Changelly a slok.
This review of Changelly is based on my individual practice & will give you all the significant information you need before you commence using Changelly.
Review of Changelly: Can you trust this cryptocurrency exchange webpagina?
To commence with, Changelly is a trustable webpagina which you can use to exchange inbetween various cryptocurrencies.
The interface is super clean & there are some pretty cool features that made mij persuaded that this is the #1 webpagina for exchanging cryptos.
Before everything else, Changelly does let you buy bitcoins or other cryptos using a credit/debit card, however, I won’t recommend you do this spil the price is massively high. Instead, you should refer to our earlier guide on the best websites for buying bitcoins using a credit/debit card.
Now that you & I are on the same pagina, let mij walk you through Changelly.
- Exchange Bitcoin into any other supported cryptocurrency.
- Exchange fees are only 0.5%.
- Supports USD Tether (USDT).
- Buy Bitcoin using a credit/debit card.
- Create a user’s account so that you can track your past exchanges.
Personally, I love the account history feature because the exchange doesn’t often toebijten te real time.
You can simply loom ter to your account anytime and see the status of your current & past exchanged cryptocurrency.
Te April 2017, Changelly reached the 1,000,000 users milestone. This shows how popular this cryptocurrency exchange webstek is becoming te such a brief span of time.
Getting commenced with Changelly: The finish guide for beginners
- Head overheen to the Changelly homepage.
- Select the currency you wish to exchange.
Let’s say you want to exchange BTC for XRP:
On the next pagina, you’ll see the exchange rate.
Note: If it asks you to make an account, you certainly should do that.
On the next pagina, you need to come in the wallet address on which you wish to receive your transferred cryptocurrency.
Ter this case, wij’re injecting an XRP wallet address (that you can get using Ledger Nano S or Gatehub).
Before Changelly gives you a deposit address, it will demonstrate you all the details. Don’t be ter hurry & review all the information one more time.
Here you will see the wallet address on which you need to deposit the cryptocurrency (ter our case it’s 0.1 BTC).
Once you have deposited the funds, it could take a few minutes to an hour to finish the exchange.
Note: I have used the webpagina Four times, and each time the exchange happened within Ten minutes.
Once the exchange is overheen, you will also receive an email letting you know the transfer happened.
You can check this receipt again at any time from your Changelly instrumentenbord.
Conclusion: Is Changelly a legit webstek?
Changelly is not only a legitimate webstek, it’s a contraption that every cryptocurrency user should be using.
They keep adding support for all of the reliable cryptocurrencies and their support system (te case there’s a problem) is also very good.
Te brief, Changelly will save you a lotsbestemming of time when you need to quickly get ahold of any popular cryptocurrency.
Do you know of any other cryptocurrency exchange websites exclusief from Changelly & ShapeShift. Let us know ter the comments section below!
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