This is arguably the most complete ChangeNOW Review on the internet and comes with a step-by-step tutorial on how to swap crypto or buy bitcoin with fiat on the changeNOW exchange.
Easily swap cryptocurrencies and buy bitcoin with fiat anonymously on ChangeNOW. What’s more, no registration whatsoever is required; you can exchange an unlimited amount of crypto and transactions take less than 5 minutes to complete.
What is ChangeNOW?
ChangeNOW is a simple, fast and non-custodial crypto-to-crypto exchange that enables you to convert any cryptocurrency to bitcoin or other crypto assets securely and at minimum cost.
The exchange also enables you to buy bitcoin and hundreds of other supported cryptocurrencies with fiat through a third-party fiat payment gateway without any form of registration required.
More so, the KYC requirement is limited to questionable transactions involved flagged coins.
ChangeNOW offers one of the most user-friendly, super fast and secure crypto-to-crypto swap platforms in the market right now with over 170 different coins available for exchange with no maximum transaction limits.
ChangeNOW is a subsidiary of CHN Group Limited. A Seychelles Registered Company with office address: Global Gateway 8, Rue de la Perle, Providence, Mahé; and Postal Address: Amsterdam, Kraanspoor 50, 1033 SE, Netherlands.
ChangeNOW Review: Practical Steps to Swapping Your Cryptocurrency on ChangeNOW
As already stated, exchanging your crypto on ChangeNOW requires no registration whatsoever; the exchange doesn’t have access o your coins; the process takes less than 5 minutes and no imposed transaction limits.
So without much ado, I’m going to initiate a simple swap transaction to walk you through this process.
Let’s get started step-by-step:
Step 1: Go to the ChangeNOW Website
There you will be welcome with a simple homepage from where all the magic happens. No multiple page loads.
Step 2: Select Your Exchange or Trading Pairs
For the purpose of this tutorial, I’m going to be swapping Basic Attention Token (BAT) to Tether (USDT). So from the “You Send” section where you see BTC above you select BAT from the drop-down menu.
Then from the “You Get” section where you see ETH above, you select USDT from the drop-down menu.
Once you have selected your exchange pairs, you need to enter how many BAT you want to swap to USDT. In this case, I want to exchange 100 BAT to USDT. So I input 100 into the “You Send” quantity field.
Everything looks good. So you click the Exchange button to continue.
Step 3: Submit the Recipient Wallet Address
Remember you are converting 100 BAT to USDT, so you will need to supply a valid USDT wallet address where your USDT will be deposited safely for you.
There we have our USDT address, and all you have to do next is simply click Next to continue.
Step 4: Confirm
100 BAT will give you a little over $14 at the current exchange rate and there’s your wallet address where your USDT will be deposited. If you’re satisfied, then click Confirm to proceed.
Step 5: Deposit Your BAT to Designated Wallet
Send your BAT to the given wallet address and enter your email address if you like to receive notification when the swap is completed. If you just want to remain a ghost on the platform, you don’t have to give them your email.
Just hit that Confirm button and let the magic happen. The exchange will select the best (cheapest) applicable exchange rate from its multiple liquidity partners for your trade.
Your USDT will be speedily delivered into the wallet address you provided in step 3 and that’s all.
In 5 easy steps, you can swap any cryptocurrency to another on ChangeNOW. No emails or passwords. No lengthy sign-up process. No accounts. No limits.
ChangeNOW Review: Practical Steps to Buying Bitcoin with Fiat on ChangeNOW
Ok. So we have made our first coin swap on ChangeNOW. What if I want to buy bitcoin with fiat using my Visa or MasterCard?
The process for fiat purchase is even shorter. Let’s take a look.
Step 1: Again, go to the ChangeNOW website.
From the homepage, you will see the Buy Crypto with Visa and MasterCard logo. Click on that button.
Step 2: Specify the fiat amount you want to spend
In this case, we want to buy $20,000 worth of bitcoin with the USD.
Enter the amount you want to spend in USD along with your Recipient Wallet and email address and then click Next to proceed.
NOTE: It is highly recommended you provide an email address with which you can be reached in case anything goes wrong with your exchange. Considering that a third-party is involved in this case you can’t be too paranoid.
So even if it’s a temporary email address, you should drop one so you can be reached if the purchase didn’t go as aspect.
Click Next when you’re done.
Step 3: Confirm
With $20,000 you will get a little over 2.6 bitcoin. Everything looks good; so hit the Confirm button to proceed.
Step 4: Enter Your Card Details
Once you click Confirm above, you will be redirected to the fiat payment gateway provider.
Enter your card details, billing address and contact details.
Once you’re done and everything looks good, you hit the Pay Now button to finish the transaction.
Your payment will be processed and the bitcoin deposited into the wallet address you provided in step 2 above.
ChangeNOW Review: What Makes ChangeNOW Stand Out from the Competition?
- Widest selection of coins and exchange pairs. Over 170 different cryptocurrencies and a massive 30,000+ trading pairs to choose from.
- 99.9% system up-time. Whenever you need to enter or exit the market, ChangeNOW can be trusted to be right there.
- Fixed and Floating rates applicable. You can choose between a floating or fixed exchange rate. When you select a floating rate, your swap or purchase will be carried out at the best exchange rate at the current time taken from among multiple top exchanges. If you select the fixed exchange rate, your trade will be executed at the initially displayed exchange rate when you initiated the trade.
- 24/7/365 Excellent Support. Friendly and competent support ready to wipe your worries away at all times.
- Fast as Light Exchange Speed. Your coin will be in your wallet in less than 5 minutes.
- Native Cryptocurrency. ChangeNOW has its own native token and is integrating really fast with third-party wallets and services such as
- Superior Quality Service and Innovative Offerings. Compared to other similar services and competitors, ChangeNOW offers superior service quality and innovative products.
Advantages of ChangeNOW
- No registration required to use the platform.
- ChangeNOW is non-custodial. Your coins never get into the hands of the exchange.
- There’s no limit as to how much crypto you can trade or swap on ChangeNOW.
- No KYC whatsoever is required to exchange your crypto on the exchange, except the coins you’re exchanging have been flagged in which you will be required to verify your identity and ownership of the funds.
- You can buy bitcoin with fiat using your Visa or MasterCard.
- Transactions are as fast as light. It takes less than 5 minutes to execute and complete exchange transactions.
- Swap or buy over 170 different cryptocurrencies with an astounding 30,000 exchange pairs and counting. Most likely any cryptocurrency you want to exchange or buy is already on ChangeNOW.io
- Exchange crypto from as little as $2. You don’t need to have thousands of dollars worth of crypto to use the exchange. Now, go swap those airdrop tokens to bitcoin right away.
- Get the best exchange rates selected from top cryptocurrency exchanges in the world such as Binance, Bittrex, and Bitfinex.
Disadvantages of ChangeNOW
- Expectedly, fiat purchases are a bit more expensive compared to swap rates or when you buy directly on exchanges. Though the fee is similar to what’s generally obtainable in the industry, if the exchange can beat it down for investors, it will be more encouraging and may help it gain greater market share and acceptance.
- Currently, fiat purchases are limited to $20,000 daily and $50,000 monthly per person. So if you want to buy more, you may need to spread the money across multiple accounts. Things may change in the nearest future but this is what’s obtainable on ChangeNOW at the moment.
- KYC will be required for transactions involved flagged coins or questionable funds.
- In as much as the exchange does not “store” your coins; there’s a short window —between when you transferred your coin to the assigned wallet address and when you receive the exchanged coin —in which the exchange has some level of control over the funds. However, arguably this window is too short for any hacker to intercept and steal your coins.
Aside from these, it’s hard to find fault with this fast-growing and innovative exchange.
Other ChangeNOW Projects: What is ChangeNOW Building?
Some of the cool projects aside the exchange that ChangeNOW is working on that provide businesses, developers and users multiple ways to engage with crypto include:
ChangeNOW is taking its non-custodial crypto exchange and payment solution to merchants offering them the easiest way to accept cryptocurrency payments.
Established in 2019, NOWPayments offers competitive fees and is easy to implement anywhere with a goal to create a payment gateway with the widest assortment of cryptocurrency coins, easy-to-implement API and ready-to-go solutions.
Connect and interact with multiple blockchain nodes with the NOWNodes solution.
The project claims to offer a connection speed of 1 GB/sec. with a 24/7 secure and reliable connection to the blockchain through an RPC connection using the NOWNodes robust API tools.
Also available is their arsenal of products is LightningNOW which aims to provide a reliable and well-connected Lightning node to help Lightning Network users easily create and manage channels.
ChangeNOW is the first instant, crypto-to-crypto exchange with its own native cryptocurrency and will function as the utility token of the exchange.
Currently the NOW token is used for voting for coins and tokens to be listed on the exchange as well as other internal currency functions. Users stake their tokens against the cryptocurrency they want listed on the exchange and the coin with the highest votes or stake wins the round.
Expectedly, as the platform grows the demand and value of the NOW token will appreciate all things being equal.
The token is trading on several decentralized exchanges including Binance DEX.
Swap cryptocurrencies just like on the website directly inside the ChangeNOW official Telegram bot. What’s more, all of the exchange services available on the regular website and Mobile App are packed in this new shining telegram bot for your convenience. It’s interesting.
Summary of ChangeNOW Review
Exchange limitless amount of crypto on ChangeNOW at the speed of light; convenient and secure.
The exchange is relatively simple to use and comes with a wide array of cryptocurrencies and tons of trading pairs and industry-standard rates.
The future looks bright for change as the Company is fasting growing and integrating rapidly with third-party wallets and services, developing a robust ecosystem and use-case for its native token whose value should appreciate along with the growth of the exchange.
Also interesting is the wide range of merchant solutions, developer tools, and services being developed by the exchange to make crypto accessible to the vast majority of everyday people
More so, ChangeNOW seems to be getting it right with its marketing strategy which is drawing in new users and maintains a highly engaged community especially on telegram with friendly and helpful community managers ready and willing to answer any question a user has.
What has been your experience with ChangeNOW? Did you enjoy the service or encounter a problem with them? Share with us know in the comments section below.