RE: Best Exchange: Part 4: Changelly
This was a very detailed post on the workings of Changelly.
The thing I love most about Changelly is the ease with which we can easily signup and start swapping tokens over here. No KYC, no AML, just an email address is enough for crypto-crypto trading.
The relative anonymity that Changelly offers is simply amazing in my opinion.
Buying crypto with fiat and selling crypto for fiat is also quite high, more than 6%.
A definite bummer. We are better off buying crypto on exchanges like Wazirz instead.
Excellent customer service, 24x7 live chat support gives extra confidence to the new users and traders to get their issues addressed in real-time.
I have also had a pleasant experience with their customer support.
Had sent a wrong token amount and they let me send the missing bits without holding me up for dry.
Changelly is an instant exchange facility in service since 2015.
This is not entirely true. Changelly was found way back in 2013 by Minergate. 2015 was the time when Shapeshift(A similar service) was found.
I recently got to know that Changelly launched a Pro platform which is very similar to any other crypto exchange out there. Have you got a chance to use it yet? If so, how are the fee and the account limits? Is the liquidity even comparable to an exchange like Wazirx? Let me know if you have used it.
Changelly was founded in the year 2013, but they officially began their cryptocurrency trading in 2015. And yes the group behind Changelly was Minergate but as of now they are no more associated with the currency operation of Changelly.
Source
I have not used it, but the fee structure is quite competitive, the maker and taker fee is 0.1% only at the basic level(in wazirX it is 0.2%). Even the withdrawal fees are better, 0.0004 BTC, at par with Binance rate, obviously better than wazirX(0.00006 BTC).
The trading volume in wazirX is around 2.3 million USD whereas in Changelly Pro it is 2.8 million USD.
Thank you.
#affable