Changelly is an instant cryptocurrency exchange that allows you to exchange crypto fast and buy it with a bank card. The service provides the best crypto-to-crypto rates and supports over 140 cryptocurrencies available for exchange.
How does Changelly work?
Changelly’s trading algorithm is integrated into the largest cryptocurrency exchange platforms, including Binance, Poloniex, Bittrex, etc. In the span of milliseconds, Changelly makes bids and asks on the platforms, then selects and suggests the best available rate and displays the estimated rate on our site. The rates remain approximate until the transaction is actually made on the blockchain, which is why the exchange rate at the time of a transaction may differ slightly from the estimated rate that you see when you begin a transaction.
Why should I trust you?
Changelly is one of the most prominent instant cryptocurrency exchanges that has gained the trust of more than 2M users from all over the world. The service provides safe and fast transactions without revealing users identities. We provide the best possible rates by comparing a wide range of reliable trading platforms and work with a list of 140+ cryptocurrencies that is constantly increasing.
Further reasons to trust Changelly:
- No deposit storage.
- Instant exchange.
- Each account is protected with 2-factor authentication and an HTTPS protocol.
- More than 2 million satisfied users.
What is an exchange rate?
Exchange rate is the rate at which a unit of one currency can be exchanged for another. There are two exchange options available at Changelly web and mobile: floating and fixed. Each one is described below to help you choose one that suits you best.
What is a floating exchange rate?
Usually, each transaction gets done at its own unique exchange rate. Due to the volatile nature of the cryptocurrency market and the ever-changing network fees, the rate might change at any moment, and thus described as “floating”.
As a result, you might get a different rate than you expected once your exchange is executed (completed).
Why choose the floating rate on Changelly?
Float could be beneficial when exchanging crypto-to-fiat on a rising market. Choosing floating rate makes sense if you are willing to accept the exchange rate uncertainty in favor of a low (0.25%) transaction fee.
Does Changelly fix rates?
Both Changelly website and Changelly mobile apps offer users a way to avoid exchange rate risk during the transaction interval.
To lock the rate, (which Changelly refreshes every 30 seconds), click on the lock icon – that will activate the “fix rate” feature and guarantee the rate displayed on the screen. As soon as the transaction is created, a user has 15 minutes to send the money.
Alternatively, users can exchange crypto-to-crypto at floating rates, for which Changelly charges the industry-wide lowest 0.25% fee.
What is a fixed exchange rate?
The fixed exchange rate is a rate that matches the one displayed to the user at the beginning of the exchange, independently from any further rate volatility. Hence, when exchanging crypto at a fixed rate, you always know the amount you will get from the very start of the exchange.
Why choose the fixed rate on Changelly?
Choosing the fixed rate makes sense when exchanging crypto while not willing to accept exchange rate market risk. This includes cases involving large amounts of crypto and/or periods of extreme market volatility.