What is Changelly?
Changelly is an instant cryptocurrency exchanger. It allows you to exchange cryptocurrencies and buy a bank card. The service provides the best cryptocurrency to cryptocurrency exchange rates.
How does Changelly work?
Changelly's trading algorithm is built into the largest cryptocurrency exchanges, including Binance, Poloniex, Bittrex, etc. Within milliseconds, Changelly bids and queries platforms, then selects and suggests the best available rate and displays the estimated rate. The fees remain approximate until the transaction takes place on the blockchain. At the time of a transaction, the exchange rate may differ slightly from the estimated rate that you see when a transaction begins. For more information on the process, see this article.
Why should I trust you?
Changelly is one of the most prominent cryptocurrency exchange platforms that has earned the trust of over 2 million users around the world. The service provides secure and fast transactions without revealing the identities of users. We offer the best possible rates when comparing a wide range of reliable trading platforms, and we work on more than 140 cryptocurrencies listed. The list continues to grow.
Other reasons to trust Changelly:
- No storage tank.
- Instant exchange.
- Each account is protected with 2-step authentication and the HTTPS protocol.
- More than 2 million satisfied users.
- What is an exchange rate?
- The exchange rate is the value at which a unit of one currency can be exchanged for another. There are two exchange options available on Changelly web and mobile: floating and fixed.
What is a floating exchange rate?
Generally, each transaction is made at its exchange rate. Because of the unpredictable nature of the cryptocurrency market and ever-changing network fees, the status can change and is therefore described as "floating." As a result, you may get a different rate than you expected once your trade is executed (completed).
Why choose the floating rate on Changelly?
The floating rate could benefit you when trading crypto-to-fiat in a rising market. Choosing the floating rate makes sense if you are willing to accept the exchange rate's uncertainty in favor of a low transaction fee (0.25%).
Why choose a fixed-rate at Changelly?
Choosing the fixed rate in Changelly makes sense when trading cryptocurrencies, but you are not willing to accept the risk of the exchange rate market. It includes cases that involve large amounts of cryptocurrencies and/or periods of extreme market volatility.