ChangeNOW Facilitating Crypto Conversions Seamlessly In 2020

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Having regulations or limits on crypto transactions defeats the primary purpose of the cryptocurrencies, which promotes a free-market economy. Therefore, you need to choose a platform that is free from such restrictions and offer seamless services.

And, ChangeNOW qualifies the list by providing fast, anonymous, and ability to perform limitless crypto transactions.

The platform has come a long way since its launch and is known for supporting the most number of cryptocurrencies including the lesser-known ERC-20 tokens.

Let’s have a closer look at ChangeNOW and understand, whether it is a suitable platform for you or not.

ChangeNOW Overview

ChangeNOW is a non-custodial instant exchange, launched its services in late 2017, and is incorporated in Seychelles. The platform simply lets users seamlessly swap any cryptocurrency with other cryptocurrencies.

It is an aggregator platform, meaning all the transactions are executed via partnered third-party platforms. It ensures faster transactions and users get the best possible rates in the market.

The best part, users don’t need to register with the platform to use the services of the ChangeNOW platform which makes the process easy and fast.

Plus, there are no limitations on the size of transactions executed on ChangeNOW, which other platforms fall short of.

 

Key Features of ChangeNOW

Following are some of the unique features of ChangeNOW:

  • Supports Wide-variety of Coins

ChangeNOW supports over 200 cryptocurrencies including all the top-altcoins. And, with over 30,000 crypto trading pairs, you can find any possible market pairs. More than any of its nearest competitors or exchanges in the segment.

  • Swap at Best Rates in the Market

Once an order is placed, ChangeNOW finds the best rate offered by its partnered exchanges and executes the transaction for you in minutes. The whole process is automated and users don’t need to select exchange manually.

  • Non-custodial Exchange

The exchange doesn’t keep or stores any of your private keys and you always keep the control of your funds. It helps to secure your funds and reduces the risk of loss of funds due to any security breach.

  • No-exchange Limits

ChangeNOW doesn’t have any daily, weekly, or monthly exchange limits on transactions so that you can swap as much as you want.

  • Swap without Registration

You can buy and sell cryptocurrency without the need to register with the platform or open an account. The exchange doesn’t require user’s KYC verification checks except when you have breached the exchange’s risk standard.

How ChangeNOW Works?

The ChangeNOW services are available through its web platform, mobile application, and through 3rd party wallets. It has partnerships with some of the leading 3rd party wallet providers like Ledger, Trezor,  Atomic Wallet, Guarda Wallet, etc. Other leading crypto exchanges that have joined the ChangeNOW platform are, Binance, Bitfinex, OKEx, etc.

With ChangeNOW, you can start swapping cryptocurrencies worth as low as $2 with no upper limit and has an average transaction confirmation speed of 2 min. You can make a quick exchange with only 5 simple steps directly from its website or mobile app.

  1. Select the two cryptocurrencies you want to swap ( For example, you are swapping BTC to XRP) 
  2. Enter the recipient payout wallet address (XRP wallet address) and click on “Next”
  3. Check all the information carefully and click on “Confirm”
  4. Deposit the BTC to a ChangeNOW generated BTC wallet address
  5. Now ChangeNOW will find the best rates among the partnered exchanges and will process the transaction and will send XRP to your wallet

ChangeNOW also offers to buy cryptocurrencies using credit and debit cards and that too without registration.

Select the cryptocurrency you want to buy and enter the recipient wallet address. Click on “Next” and “Confirm” all the information given. 

You will be redirected to the partner website (Simplex), where you will have to complete the transaction to receive the cryptocurrency in your wallet. 

It is as simple as such, with no email and password, no registration, and no limitations. 

 

Fees Schedule

The fees are included in the exchange rate, including the network fees. There are no other hidden deposit and withdrawal fees involved. 

The process of exchanging crypto consists of many different steps, and during those steps, various fees are charged. These are the possible ones:

  • network fee for the deposit transaction from a customer’s wallet;
  • network fee for transferring coins to our liquidity provider;
  • trading fees that our liquidity providers charge;
  • network fee for sending the exchanged funds to the customer.

The fees vary depending on the currency and the exchange amount. For every swap, ChangeNOW finds the fastest and most user-profitable way to execute an exchange. It is crucial to us that the final amount you receive is as close to the estimate as possible. That’s why we calculate all the possible fees for every transaction very thoroughly and include them in the estimate.

On the other hand, ChangeNOW facilitates fiat to crypto transactions also at a reasonable cost where their exchange partner takes Simplex charges 5% (or 10$ minimum) plus 1% ChangeNOW’s fee to complete the fiat conversion.

ChangeNOW Token

The NOW token is a first of its kind of token launched by any instant exchange. It’s a split between Binance Chain (BEP2 Standard) and Ethereum, enabling a seamless swap between the two chains. 

There are multiple utilities of a NOW token and it also helps to fuel the ChangeNOW ecosystem. The holders of NOW tokens receive numerous key benefits like attractive market rates for exchange, favorable affiliate conditions, and enhanced support from the ChangeNOW team.

The NOW token is listed in many third-party exchanges like Binance DEX, IDEX, and Ether Delta. Also, you can get it by participating in ChangeNOW airdrops, which keep happening.

KYC/AML Requirements 

ChangeNOW is a non-KYC exchange, but there are certain risk prevention systems in place to ensure the safety of the network. It uses an automated risk prevention system, where the system flags any transactions which are deemed suspicious. 

Then the said transaction is put on hold, and the user is asked to prove their identity to go through the transaction. Else, the transaction will be canceled. 

Other ChangeNOW Products/Services

Apart from lightning crypto swaps, ChangeNOW also offers additional crypto products and services on its platform.

  • Telegram Bot

The bot feature allows you to instantly swap cryptocurrencies on the go and allows access to all the features of the platform. It’s very easy to use and can even be used by a beginner very easily. 

  • NOWPayments

This allows merchants to start accepting cryptocurrency as payment and the service is much like PayPal. The NOWPayments protocol performs the automatic conversion and crypto payments are instantly withdrawn to the merchant wallet. 

Other products such as Premium Lounge gives access to special benefits and lets you gain more, LightningNOW which facilitates cross-chain automatic swaps and NOWNodes. 

Customer Service & Satisfaction

Good customer support is the foremost requirement of any crypto exchange platform. And, ChangeNOW perfectly does that job.

The ChangeNOW customer support services team can be reached easily and you can get feedback on all the issues. You can raise an email-based support ticket, or use the live chat feature, or write to them on any social media accounts. You can expect a reply within 5 minutes in the live chat feature and within 1 hour in other channels. 

Final Verdict

ChangeNOW truly walks the talk and allows users to transact freely without any hassles, providing the true benefits of cryptocurrencies.

With innovations and partnerships with leading 3rd party wallet providers and crypto exchanges, it provides seamless and high standard services to its users.

Some of the benefits of ChangeNow in a gist:

  • Wide variety of coin support
  • No sign-up required and ease of use
  • Quick conversions
  • Competitive fees
  • Intuitive and easy to use platform
  • Limitless transaction
  • Fiat support
  • Good customer support

 

If you are looking for instant crypto-swap services, then ChangeNOW is one of the recommended platforms for you. So what are you waiting for, just go and use ChangeNOW and tell us about your experience in the comments below, we are waiting 🙂

Sudhir Khatwani

Hey there! I am Sudhir Khatwani, an IT bank professional turned into a cryptocurrency and blockchain proponent from Pune, India. Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit. You will find me reading about cryptonomics and eating if I am not doing anything else.

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