Are there fixed fees, transaction fees, or other fees?
Is the website safe and your information secure? Have there been previous breaches in security?
How many coins are available to trade?
|Ease of Use?
How good is the overall experience? Is it easy to buy/sell tokens, view funds, and see market movements?
Developed by the MinerGate team, Changelly started off by having a pretty good reputation. For the most part, people who use Changelly seem to have a decent amount of trust when it comes to security. There has been no hacks or breaches that we know of so far, but that doesn’t mean that it could still happen. As allows do what you can to set up a high security for your account.
Changelly lets you use their platform to make trades at a 0.5% fee per trade. Overall this rate is slightly above average but still not too bad. There is one thing to be cautious of however when it comes to fees. Trades from fiat currency seem to have much higher fees. Potentially reaching up to 40%. Changelly does warn you about this large fee but also says the fee rate is out of their control because they work with a third party payment service which can largely change the rates at any time.
Changelly offers a large library of altcoins that you can buy and trade. 80+ coins.
Ease of Use
For the most part people seem to really like the interface of Changelly. It’s a clean and easy to use site. Changelly also provides a great FAQ section that helps beginners learn more about how to properly trade cryptocurrency. Also, Changelly does a respectable job at customer service. They are a newer exchange and their customer services still has its flaws but for the most part you can tell they are doing their best to help you as fast as they can.
Overall Changelly seems pretty legitimate. Everything seems to be positive across the board other than the potential high fee of using fiat currency to buy and trade. However, despite this high fee, Changelly does do it’s best to be transparent and warn you about the potential high fee. And because of that, we think Changelly is overall pretty a pretty good exchange.