ChangeNOW Review: You Don’t Need An Account To Trade!
If you have been in crypto for a while you know that choosing the right tools is essential to succeed. If you are new, you should always keep this in mind moving forward.
These tools will include a wallet to store your tokens, sources to know which token to invest in, and portfolio trackers to understand your results.
However, the most important tool will be the one you use to trade. While there are many ways to trade and buy crypto, the most popular are exchanges. Choosing a good exchange will not only maximize your profit but also open doors to new investments.
That being said, if you are new maybe the most mainstream exchanges may not be recommended. This is because some of them can be overwhelming when it comes to features or their interface.
If you want to start with the basics, it is best to look for something simple. With many exchanges out there limiting themselves to the basic functions, starting with them can be a wise choice.
ChengeNow is starting to make its mark in the crypto world for just this. In this ChangeNow review, we will see why this exchange is a great option for those just starting their crypto journey.
Hopefully, we will be providing you with answers to all the questions you might have about this platform. Is it safe? Is it worth using it? What benefits does it offer? Should I switch to ChangeNOW?
These and other questions will be answered in this ChangeNOW review. Here we go!
What is ChangeNOW?
ChangeNOW is a cryptocurrency exchange founded with the objective of facilitating immediate transactions. It does this by providing a means to complete crypto-to-crypto and fiat-to-crypto trades.
Probably the most popular characteristic of this exchange is its accessibility.
Not only does it not require any type of registration but no limits to its transactions are imposed. Unlike most exchanges, you won’t need to verify your identity by providing your personal information. This is a great plus if you are looking for privacy and convenience.
ChangeNOW is established in the Seychelles Islands, which means they comply with all the monetary regulations of the government of this state. This makes the platform more reliable due to it having to meet security requirements to operate.
In addition to supporting more than 17 cryptocurrencies, ChangeNOW also has its own cryptocurrency token: NOW. This token has more than doubled its value over the past year, a reflection of the platform’s increasing popularity.
The platform has also partnered with other exchanges to expand its features, something we will look further into later on in this ChangeNow review.
How does ChangeNOW work?
To continue with this ChangeNOW review we must discuss the exchange’s key features. ChangeNOW is very intuitive and innovative in terms of rates and convenience, which we will talk about later. However, there are several traits that make ChangeNOW stand out from the crowd. Let’s take a look at them!
There are some exchanges that take a long time to make transfers with some being known for taking up to 40 minutes to complete transfers. It is known that there are exchanges that prioritize transfers by volume.
If you transfer less than other users, you are given less priority… Which is unfair to new traders. This does not happen with ChangeNOW as it has a system that settles transactions based on who made the transfer first.
No Registration Needed
Maybe it happens that you don’t want to waste time on unnecessary registrations, maybe you don’t trust giving your personal information to some exchanges that require you to pass a KYC check, or maybe you think that your identity information isn’t essential because you know that you are not going to commit any crime.
Whatever the reason, if privacy is a top concern of you, ChangeNOW has got your back.
When using this exchange, privacy will not be a problem. ChangeNOW does not ask you to complete any kind of registration or check before using it… You can trade for free whenever you want! This can be extremely convenient for many crypto traders, making it easier to use for those just starting.
Surely you have read news about hacks to exchanges where people lose their money. This is possible because most crypto exchanges require you to give them custody over your crypto before using them. That is right, you need to use a wallet to which they own the private keys.
The truth is that giving someone control over your crypto is not reliable at all, After all, that’s what wallets are for. ChangeNOW will never store your crypto for you, avoiding this issue altogether. They just offer a trading platform. Once you trade, you are immediately sent your crypto to your personal wallet.
No exchange limits
Just like ChangeNOW does not require registration or any personal information from you, it also offers you total freedom in terms of limits. When using the platform you will be able to trade without any limits or caps. Perfect for users frustrated by the typical daily limits imposed by other exchanges. How much crypto you buy should be up to you, after all!
ChangeNOW has a smartphone app available on iOS and Android that makes trading on the go a real possibility. With a fairly similar design to its desktop version, you will find no feature is missing. The app is also extremely straightforward and easy to use.
Buy Crypto With Credit Or Debit Card
This is a very convenient feature we have come to expect of most exchanges. However, in other exchanges, you can’t buy cryptos directly from your wallet. The truth is that the more intermediaries there are, the more money you lose with fees… and more points of failure exist.
When using ChangeNOW, you can buy directly from the platform using your debit or credit card. This is possible thanks to the platform’s collaboration with Simplex, one of the biggest financial networks in the crypto world.
A very common limiting factor (more common than you think) is language.
There are many people who are curious about starting to trade crypto because they have seen it on the internet or a friend has mentioned it. But when looking for information most of it is usually in English. This is not great, especially when considering crypto was intended to be global!
Even now many big platforms are only available in English. In its eagerness to include everyone, ChangeNOW is available in 15 languages. This makes it easier for people around the world to join the world of crypto. These languages include:
With this list being constantly expanded, you can be sure that ChangeNOW can make you feel comfortable by using your native language.
In this section, it is important to highlight a detail that will surely affect all of those reading this ChangeNOW review. While it is true that the platform is extremely accessible and available worldwide… We have news when it comes to supported countries.
Don’t worry, these are in fact good news. ChangeNOW is available to almost anyone with access to the internet, a mobile device or computer, and a crypto wallet. Now, this doesn’t mean the company doesn’t need to comply with certain regulations
As with most cryptocurrency platforms, countries linked to United Nations Security Council Sanctions Lists will not be able to use ChangeNOW.
These countries are:
- North Korea
That being said, this is not entirely correct… ChangeNOW will allow you to download the app and use the platform even if you are from one of these countries.
However, if you have any problems with the ChangeNOW exchange, they cannot legally provide you with any support. This is something you should consider.
What Cryptocurrencies Are Supported?
When it comes to cryptocurrency support, you can relax as ChangeNOW has a very wide token catalog. They currently have support for almost 350 different currencies with which you can trade freely and affordably.
You can be sure that your main crypto is available on ChangeNOW as it offers support for the most popular cryptos
Some of the cryptocurrencies you will be able to interact with when using ChangeNow are:
- Binance Coin
These are some of the most popular currencies such as Polkadot, with which they have an exclusive arrangement. So if you trade with Polkadot you might be interested in ChangeNOW. No doubt you will get exclusive benefits that you will not get in other exchanges.
If you want to see all the cryptocurrencies supported by the exchange, feel free to visit their website’s section on this topic for more details.
Does ChangeNOW Charge Any Fees?
Sometimes when we do reviews we find surprises or positive results that we didn’t expect. This is the case with this ChangeNOW review, which is surprising for this kind of service. When using ChangeNOW you will incur fees, just like any other centralized or decentralized exchange. That being said, we have discovered some different touches that we have loved.
For example, ChangeNOW sympathizes with its users and understands that when not offering a wallet service, not charging fees for charges or withdrawals is a great gesture. This is the main fear we had about this platform as traditional custodial exchanges would have been cheaper in that case.
Another positive aspect of the exchange is that ChangeNOW will only charge fees once the transaction has been completed. This is a great way to give its users peace of mind, as there are a lot of scams out there that profit by charging fees for transactions that never took place.
As for prices, their website offers a whole guide to calculate the fees for each currency. This is because depending on the currency the prices are updated every minute.
However, you can expect to pay between 0.5 and 4% in fees depending on the coin you are trading. The fee will be included in the price, which makes things easier for newbies but diminishes transparency.
Is ChangeNOW Safe?
Based on what we have already mentioned in this ChangeNOW review you can assume that it is. You could even say that ChangeNow is safer than most exchanges, especially when considering their non-custodial nature.
Combine this with the fact that no registration is needed and the security increases even more. Is not only that the exchange has top-notch security practices but also that if hackers were to successfully breach the platform… they have nothing to steal.
You just transfer your crypto from your wallet, trade it, and have the new coin returned to your wallet.
Remember that wallets do not store your crypto as such but the private keys that grant access to it. This information is really valuable to hackers and that’s why ChangeNOW prefers not to offer a wallet system. Sometimes it’s better not to store information at all than to store it wrong.
ChangeNOW has partnerships with some of the most famous wallets so you can choose the best option for you.
The ChangeNOW team recommends using Guarda, a wallet from their own developer. However, they have also partnered with Trezor, Ledger, Edge, Atomic Wallet, Exodus, Binance, Bittrex, Indacoin, CoinSwitch, or Bitfinex…
Some of which we have already reviewed if you are interested!
Is ChangeNOW Customer Support Good?
As for customer support, ChangeNOW has the most original one we have seen in a long time. Like all platforms, they have a section with FAQs in which they provide very useful and concise information.
You will also have access to a variety of articles on the platform’s knowledge base that will most likely satisfy your curiosity.
Add to this the fact that they also write articles on crypto-related topics to educate its users, and you have a killer platform for any new trader.
Now, even though ChangeNOW is a company that operates in the Seychelles Islands, it has an office in the Netherlands that is specifically in charge of helping its clients. This means that if you need further assistance, you will have access to a dedicated customer support team.
This customer support includes different methods like the traditional ticket support and even live chat! The team is extremely responsive, with us getting a reply to an inquiry when writing this ChangeNOW review in a matter of 3 minutes.
The most surprising thing about ChangeNOW is their social media management. Some devs periodically take turns to do streaming quite often on their YouTube channel. This is a great way to engage with their user base and to help them solve their doubts as if they were Twitch streamers.
As you can see, ChangeNOW goes above and beyond what we are used to with other cryptocurrency exchanges. If you choose to use this platform, you can be sure the exchange’s customer support team will be there for you!
We have had a lot of surprises in preparing this ChangeNOW review, all of which led to a very positive experience. Not only is the exchange incredibly reliable when it comes to security but also to complete transactions.
With its “less is more” approach, ChangeNOW manages to provide a service of great quality to all of its users. Combining this with the added confidence you have knowing that your exchange will not keep your funds so no one can take them from you is priceless.
While it is true that there will be times when transaction fees can be higher than other platforms, the opposite is also true. The transaction fees can be very miniscule if you know how to wait for the right moment.
All in all, we believe that ChangeNOW is a platform that offers everything a new trader will ever need: A means to buy, sell, and trade cryptocurrency. Its user-friendly interface and streamlined features make it a pleasure to be used.
On the other hand, if you are an advanced trader, there is no reason not to use the platform from time to time.
You probably are aware of the benefits of using multiple platforms to get the best deal… Well, ChangeNOW won’t ask you to create an account or deposit your crypto, which means there is no harm in using it. Not even in wasted time!
If you are looking for a platform that offers more features from the go, you might find that ChangeNOW is lacking. While you can combine it with another exchange or platform, we understand convenience can be important to many.
As such, we recommend you check out our section on exchanges to find a better option if you are one of these people! The transaction fees can be very juicy if you know how to wait for the right moment.
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