ChangeNOW 2021 Review • Benzinga
ChangeNOW supports the majority of cryptocurrencies, with Visa inc. (NYSE: V) and Mastercard Inc. (NYSE: MA) purchasing facilitated by Simplex and Guardarian. Be careful though, they cost 7% or more. It’s probably worth avoiding and buying your crypto with a platform like Coinbase Global Inc. (NASDAQ: COIN).
ChangeNOW is good for any cryptocurrency trading pair you can think of, and it provides a transparent, easy, and verifiable way to trade currencies with people on the platform. It is best for traders who follow the market closely and have a huge portfolio but want to trade based on market movements. Its affordable fees and strong market presence make it a must-have.
ChangeNOW offers its own portfolio which is not custodian and does not collect any personal data. Your funds are stored on your device, ensuring maximum privacy and security. ChangeNOW does not store users’ digital assets. Rather than staying in a user account of an exchange, with non-custodial exchanges, users’ funds can remain under their control in external crypto wallets. As a result, the levels of reliability and security are higher than ever. The account registration is replaced by an e-mail notification.
ChangeNOW also partners with other wallet service providers like Exodus, Magnum, and Atomic Wallet. Hardware wallets like Trezor or Ledger are the best option for holding a large number of cryptos. To store a smaller amount of cryptocurrency, users can use a Coinbase wallet or other web or software wallets.
As many users entrust their funds to exchange platforms to be managed, the question of transparency and the ability to make informed decisions arises. Users are happy with the service as TrustPilot scores 4.6 out of 5. Reviews are legitimate and come from established accounts. Even users who are having issues rate the service favorably, thanks to a responsive support team.
Customer service inquiries can be resolved by email ([email protected]) or through an online contact form. Usually, the team responds to your first post within 10 minutes and within 20-30 minutes for all subsequent ones. You can create a ticket 24/7 through its help center. Help is also available on a number of social media platforms such as Facebook Inc. (NASDAQ: FB), Twitter, Reddit, and Medium.
The price of ChangeNOW is reasonable. The transaction fees vary from 0.5% to 4% and depend on the choice of a classic or fixed exchange rate. The process of exchanging crypto consists of many different stages, and during these stages various fees are charged. Possible variations include network charges for the deposit transaction from a client’s wallet, transferring coins to liquidity providers, and sending exchanged funds to the client. Liquidity providers may also charge fees. The fees vary depending on the currency and the amount of the exchange.
For each trade, ChangeNOW finds the fastest and most cost effective way for the user to execute a trade. It is crucial for the business that the final amount you receive is as close to the estimate as possible. This is why it calculates very precisely all the possible costs for each transaction and includes them in the quote.
With its mobile app, ChangeNOW offers unlimited, fast and easy crypto-to-crypto and fiat-to-crypto trading exchange combining a wide range of assets. The platform is practical and not too expensive. Transactions are fast, reliable, and anonymous from crypto to crypto, which is perfect for people looking to change coins and tokens quickly. It gets a 5 star rating for this reason.
ChangeNOW’s user interface is so simple and intuitive that even a novice trader can trade cryptos instantly without any hassle. Almost 300 assets are listed on the stock exchange, including a large number of lesser-known ERC20 tokens. It has also released its own digital token called NOW Token, which allows users to transfer an alternate token over its mainnet. In addition to this, the exchange offers various benefits to its token holders, such as better exchange rates and affiliate commissions.
- No trade limit. ChangeNOW claims the trading limits are lame, which is 100% true. Hence, it allows you to trade as much as you want.
- Convenient mobile apps. ChangeNOW’s Android and iOS apps run even smoother than a website version of the exchange, so you can perform instant coin exchanges on the go.
- Possibility to buy crypto-currencies with a bank card. ChangeNOW is also a great option if you are looking to buy crypto with a bank card. It has partnered up with Simplex and Guardarian for this, so you can pay directly with VISA or Mastercard.
Based on this, ChangeNOW comes highly recommended for cryptocurrency traders, with over 250 cryptocurrencies and no need to create an account.
ChangeNOW against competitors
As illustrated below, ChangeNOW is on the cheaper side in the instant trading niche, especially when it comes to fiat-to-crypto purchases. Still, the rates you get tend to change every minute, so sometimes you can get even better prices. Unlike Changelly and Switchere, for purchases over $ 100, no mandatory registration is required.
ChangeNOW supports over 250 cryptos and has an excellent customer service rating, which gives it a 5-star rating. It’s fast and easy to use, provides a non-custodial wallet, and has a very responsive support team.
Go to the ChangeNOW YouTube channel to view tutorials on the tools and features available on the platform. Click on the link below to watch a video.
Frequently Asked Questions
Is ChangeNOW IO safe?
Not only is ChangeNOW safe is fast and efficient. It is more secure than most centralized cryptocurrency exchanges because it does not hold your funds.
What is the ChangeNOW token?
What is the ChangeNOW token?
The NOW token is a native asset created by the ChangeNOW exchange development team. NOW can be used by ChangeNOW customers for expedited customer support, access to new listings, special trading fees, and other benefits.
Benzinga has developed a specific methodology for classifying cryptocurrency exchanges and tools. We prioritized platforms based on offers, prices and promotions, customer service, mobile app, user experience and benefits, and security. To see a full breakdown of our methodology, please visit our Cryptocurrency Methodology page.
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