If you've been exploring ways to buy, sell, or swap crypto quickly without diving into complex trading platforms, you've likely encountered Changelly. This instant cryptocurrency exchange platform simplifies swapping one coin for another with just a few clicks. But is it safe? Does it require KYC? Let's dive into this comprehensive review.
How Changelly Works
Changelly operates as a non-custodial swap service, meaning it doesn’t hold your funds. Here’s how it works:
- Select Cryptocurrencies: Choose the crypto you want to swap and the one you want to receive.
- Enter Wallet Address: Provide your receiving wallet address.
- Send Crypto: Transfer your coins to Changelly’s provided address.
- Receive Funds: The swap completes within minutes.
Behind the scenes, Changelly aggregates rates from multiple exchanges to offer competitive pricing.
👉 Discover how Changelly compares to other crypto exchanges
Is Changelly Legit and Safe?
✅ Legitimacy:
- Operational since 2015.
- Partners with major wallets like Ledger and Exodus.
- Millions of users globally.
🔒 Safety:
- Non-custodial: No funds stored on the platform.
- HTTPS encryption and optional 2FA.
- No reported major breaches.
Does Changelly Require KYC?
- Small Transactions: No KYC needed.
- Large Transactions/Fiat Purchases: KYC may be required.
- Changelly PRO: Mandatory KYC for advanced trading.
Key Features
- 1,000+ Cryptocurrencies: Supports major coins and altcoins.
- No Registration: Swap crypto without an account.
- Fast Transactions: Completes in 5–30 minutes.
- Mobile App: Available for iOS and Android.
👉 Explore Changelly’s seamless crypto swaps
Pros and Cons
✔ Pros:
- No signup for small swaps.
- Transparent 0.25% fee.
- Integrated with top wallets.
✖ Cons:
- Higher fees for fiat purchases (5–7%).
- Delays during peak times.
- Limited liquidity transparency.
FAQ Section
1. Is Changelly free to use?
No, Changelly charges a 0.25% fee per swap.
2. Can I use Changelly without KYC?
Yes, for small crypto-to-crypto swaps.
3. How long do Changelly swaps take?
Typically 5–30 minutes, depending on network congestion.
4. Does Changelly support fiat purchases?
Yes, via third-party partners like MoonPay.
5. Is Changelly available on mobile?
Yes, via iOS and Android apps.
Final Verdict
Changelly is a user-friendly, secure, and legit platform for quick crypto swaps, especially for beginners. While it has minor drawbacks like occasional delays, its simplicity and broad coin support make it a solid choice.
Always verify transaction details and start with small amounts to test the platform.