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ChangeNOW Execs
- No KYC is required for utilizing the companies of the alternate.
- No minimal deposit necessities in addition to no restrict on how a lot you’ll be able to swap.
- Helps greater than 400 cryptocurrencies and 50000 buying and selling pairs.
- No withdrawal or deposit charges because the alternate doesn’t maintain your crypto and is non-custodial.
- A number of fee strategies like crypto, debit/bank cards, and so on.
- Very low buying and selling charges.
ChangeNOW Cons
- Customers can’t carry out Margin Buying and selling or Leveraged buying and selling.
- Not accessible within the USA, and a variety of different international locations.
- In case of lack of funds, the alternate has no compensation mechanism.
- The alternate has no built-in pockets.
Decentralized Finance (DeFi) is among the largest developments within the blockchain business, aiming to democratize finance by eliminating the necessity for centralized establishments and granting individuals full management over their funds. DeFi makes use of cryptocurrency and blockchain expertise to supply a full spectrum of economic transactions, from on a regular basis banking to crypto-backed loans and mortgages, to digital asset buying and selling.
To profit from DeFi’s countless prospects and begin buying and selling in cryptocurrencies, it’s essential to register a crypto alternate account with a buying and selling platform that fits your funding wants. With the rising curiosity in cryptocurrency, some spectacular platforms have emerged previously years. CoinStats recurrently evaluations the main platforms and presents their benefits and downsides that can assist you decide the suitable platform amongst a staggering variety of cryptocurrency exchanges on the market.
This ChangeNOW overview will talk about the ChangeNOW alternate and all of the options and companies related to it. Eager on giving this alternate a go? Learn on as we cowl the main points of the ChangeNOW alternate and how one can take advantage of it.
Let’s get proper to it!
What Is ChangeNOW
ChangeNOW is a cryptocurrency non-custodial alternate that gives quick, nameless, and reasonably priced swaps with the assist of over 10,000 pairs. The platform permits the seamless swapping of cryptocurrencies with none limits and registration or verification procedures. The alternate has its native NOW token issued on each Ethereum and Binance Chain blockchains.
ChangeNOW was established in 2017 by its dad or mum firm CHN Group Restricted. The corporate is headquartered in Seychelles and likewise has a department workplace in Amsterdam, Netherlands. ChangeNOW’s sole objective was to make cryptocurrency swapping simple, secure, safe, and quick even for a first-time person with restricted expertise within the crypto house.
To realize its objective, ChangeNOW has partnered with a number of crypto business giants akin to Binance, Ledger, Atomic Pockets, Trezor, OKEX, and so on. Moreover, ChangeNOW’s partnership with Simplex and Guardarian permits it to supply not solely crypto swaps but in addition fiat-to-crypto quick swaps. You may commerce cash on the net platform, by the cellular app, and utilizing the Telegram bot.
What Makes ChangeNOW Distinctive
The very best factor about ChangeNOW is that it’s a non-custodial crypto alternate, providing you with full management over your funds. Customers are supplied with absolute freedom since there aren’t any higher limits. ChangeNOW helps over 400 digital belongings and permits you to make swaps on to your {hardware} or software program pockets with out requiring a prolonged account registration course of. Additionally, you should purchase crypto with a debit/bank card utilizing the platform and obtain the funds in your {hardware} pockets.
The alternate is accessible in 28 totally different languages. ChangeNOW has an expert and fast buyer assist staff that gives assist by Telegram Chat and different social media platforms.
ChangeNOW permits you to immediately purchase or promote cryptocurrencies utilizing VISA or MasterCard debit and bank cards. It helps a variety of fiat currencies, together with USD, EUR, GBP, JPY, AUD, and so on., and all main cryptocurrencies akin to BTC, ETH, ADA, USDT, SOL, and so on.
As for the alternate charges, ChangeNOW works as an aggregator of cryptocurrency costs from main buying and selling platforms to type worthwhile alternate charges for its customers based mostly on the most effective value.
ChangeNOW is greater than a crypto alternate service. It has developed right into a feature-rich ecosystem with such merchandise as NOW Pockets, NOWTracker, NOWPayments, NOWLoans, NOWNodes, cellular alternate app, Telegram Bot, and so on., permitting you to carry out all of your crypto transactions on one platform.
One of many alternate’s most distinctive options is that you may entry ChangeNOW’s full companies and options with out performing any KYC and e-mail or telephone verification. You may carry out immediate coin swaps and purchase or promote your favourite cryptocurrencies with none prolonged registration or verification processes. ChangeNOW will solely require you to carry out a KYC should you make a suspicious or unlawful transaction. In any other case, there is no such thing as a restrict on how a lot you’ll be able to commerce or swap on the ChangeNOW alternate.
ChangeNOW Legitimacy
The primary query that involves our minds when the alternate doesn’t require any KYC or verification from its customers is the problem of the alternate’s legitimacy. ChangeNOW has been working since 2017 with none main hiccups or cyber-attacks and has a superb Trustpilot score. The corporate has established a loyal person base that trusts the protection and safety measures ChangeNOW implements to safeguard customers’ funds.
If there are any suspicious transactions, the alternate at all times requires the entity to adjust to Know Your Buyer and Anti-Cash Laundering guidelines. On prime of that, the corporate is predicated in a publicly recognized tackle in Seychelles with one other workplace in Amsterdam. All the mandatory particulars and authorized documentation could be discovered on its official web site. Furthermore, the truth that ChangeNOW is non-custodial in nature and by no means shops person funds itself is what makes the alternate so safe
Key Options
Let’s have a fast overview of ChangeNOW key options to get a grasp of the explanations for its big recognition:
- Finest Alternate Charges: ChangeNOW presents you the most effective alternate charge available in the market by aggregating the charges throughout main crypto exchanges.
- Quick Swaps: ChangeNOW ensures quick crypto swaps, with a mean of two minutes for a crypto-for-crypto swap.
- No KYC: The alternate doesn’t require any verification or KYC, however on the identical time, suspicious actions are managed by a KYC requirement.
- Security: Being a non-custodial alternate, ChangeNOW has no custody or management over your digital belongings. It doesn’t retailer customers’ funds or ask for private particulars since sign-up or verification aren’t required. Due to this fact, whereas many exchanges can freeze your belongings saved on them in case of some points or value volatility, as seen throughout the LUNA crash, you’re the one one deciding what to do together with your digital belongings on ChangeNOW.
- Limits ChangeNow: Whereas most exchanges have a buying and selling restrict, ChangeNOW claims that every one their exchanges are limitless, permitting customers to swap any quantity of cryptocurrency, with over 400 tokens and 13000 buying and selling pairs accessible.
- Intuitive Person Interface: The person interface of the ChangeNOW web site and the cellular app for Android and iOS units is easy and intuitive. It permits even novices to swap cryptos immediately with none problem. Relying in your degree of experience within the crypto market, you’ll be able to carry out numerous capabilities simply over the web site or by the app.
- A number of Fee Strategies: The alternate helps numerous fee strategies akin to financial institution playing cards and crypto deposits to make your funding simpler and faster. It helps EUR, USD, GBP, and over 55 different fiat currencies utilizing Visa or MasterCard.
- Steadiness: ChangeNOW has strived to keep up a wholesome steadiness between compliance with legal guidelines and laws and the customers’ privateness and has managed to search out the candy spot.
- Buyer Service: ChangeNOW service and buyer assist are among the many finest within the crypto market. The assist staff offers immediate responses and effectively solves any points or queries.
ChangeNOW Availability
ChangeNOW is accessible for patrons worldwide. Nevertheless, residents of sure international locations aren’t permitted to make use of it, together with the USA, Cuba, Crimea, Sudan, Somalia, Burma, Yemen, Zimbabwe, the Folks’s Republic of China, Bangladesh, Iran, North Korea, Syria, and Bolivia. The alternate has said that the international locations within the United Nations Safety Council Sanctions record or different equal lists are prohibited from utilizing it.
The web site shouldn’t be robotically geo-blocked within the US, and customers can entry it. Nevertheless, chances are high that if the US authorities cracks down on it sometime, the alternate received’t be capable of help you in any manner.
The right way to Use ChangeNOW
The ChangeNOW alternate has been designed to let even first-time crypto customers swap their cryptocurrency tokens simply with none problem. All you want is a Metamask Pockets or every other pockets from the ChangeNOW supported wallets record. Some supported crypto wallets are NOW Pockets, Guarda, Atomic, Edge, Trustee Pockets, and so on. In case you don’t have a crypto pockets, the alternate permits you to create one on the spot.
Observe the steps listed under to purchase or promote crypto:
- Go to the ChangeNOW.io homepage.
- Choose Purchase/Promote Crypto and enter the quantity of USD or every other supported fiat currencies from the drop-down menu.
- When you’ve entered the required quantity of fiat, choose the cryptocurrency you wish to purchase and click on on Purchase.
- On the subsequent web page, enter the Pockets tackle the place the cryptocurrency you’re going to purchase will likely be saved. Ensure that to enter a legitimate tackle of a pockets you management, or else the tokens will likely be misplaced ceaselessly.
- Click on on Subsequent, verify the transaction particulars, and click on on Verify.
- You’ll be redirected to the fee gateway. You need to use VISA/MasterCard Credit score and Debit playing cards to make an immediate buy or the SWIFT fee gateway which takes 3.5 enterprise days.
- When you’ve made the fee, your not too long ago bought cryptocurrency will likely be mirrored in your pockets inside a couple of minutes.
Congratulations! You’ve managed to purchase your favourite cryptocurrency in just a few simple steps with out having to confirm your identification or e-mail tackle.
Swap Cryptocurrencies on ChangeNOW
Swapping cryptocurrencies on ChangeNOW can be very simple. Simply comply with the steps under to swap crypto, together with the one you simply bought, with out a problem:
- On the homepage, click on on Alternate Crypto and choose your cryptocurrency and the one you wish to swap it for from the drop-down menus.
- Enter the quantity you wish to swap, and the quantity of the cryptocurrency you’ll get in alternate will likely be displayed.
- Click on on Alternate.
- On the subsequent web page, enter the proper pockets tackle for the crypto you wish to swap to. Notice that one mistake might lead to everlasting losses. Double-check the pockets tackle and click on on Subsequent.
- The following web page will let you know all the main points in regards to the swap, together with the time wanted and the alternate charge. Click on on Verify.
- The swap will likely be accomplished inside the indicated interval, and the tokens will likely be mirrored in your pockets tackle.
Shopping for, promoting, or swapping cryptocurrencies has by no means been as simple! Not like different swaps or decentralized exchanges like UniSwap, and so on., the ChangeNOW community charges are minimal, and there aren’t any limits on how a lot cryptocurrency you’ll be able to swap on the alternate.
ChangeNOW Price Breakdown
A number of charges could be charged throughout the swap course of, together with community charges for deposits and transferring funds to a liquidity supplier, buying and selling charges, and community charges for the supply of exchanged funds to the client. Charges differ relying on the foreign money and the quantity traded, however ChangeNOW offers the quickest and most reasonably priced methods for a swap. Customers can be taught the price once they enter order particulars.
You may select between two varieties of alternate charges, particularly:
- Floating Alternate Price: Floating charge offers you with the price on the time of alternate. It may differ from second to second, but when the price exceeds 3 p.c as a result of market volatility or community points, the transaction will likely be halted, and you may request a brand new charge or get a refund.
- Fastened Alternate Price: If you wish to keep away from market volatility, you’ll be able to repair the speed for 20 minutes underneath the floating alternate charge. It will price you a bit greater than the fluctuating charge, however you received’t have to fret about volatility or any community points.
ChangeNOW Safety
ChangeNOW is a non-custodial cryptocurrency alternate, so it doesn’t retailer person funds, eliminating the possibility of being hacked. Furthermore, the alternate has strong safety measures in place in case of any cyber assaults or hacks. Customers’ private data obtained by the alternate is encrypted and saved in specialised safe storage. A particular danger administration system detects suspicious actions on the alternate to stop fraud and any criminal activity.
The alternate has by no means confronted any main points and has maintained a really excessive customary of safety for its customers, even with none KYC or e-mail verification.
ChangeNOW (NOW) Token Tokenomics
The ChangeNOW alternate has its personal native token with the ticker $NOW. It was launched in 2019 and is required for utilizing ChangeNOW merchandise akin to NOW Pockets, NOWTracker, NOWPayments, NOWLoans, NOWNodes, and so on. Furthermore, it’s used to pay asset itemizing charges on ChangeNOW.
NOW turned accessible for buying and selling after it was listed on IDEX on April twenty fifth, 2019, and it was listed on Binance DEX shortly after. NOW was initially launched as an ERC-20 token, however 50 p.c of its provide was later burnt on the Ethereum blockchain and re-released on the Binance Mainnet. You may swap your NOW ERC-20 tokens for Binance Good Chain NOW tokens without spending a dime.
The NOW token hit the all-time-high value of USD 0.124152 on April 2nd, 2022. The token is accessible for commerce on Binance DEX and UniSwap. The vast majority of NOW tokens’ commerce is in opposition to Wrapped Ethereum (WETH) within the buying and selling pair NOW/WETH. To verify the NOW token stay value, market cap, complete provide, circulating provide, 24-hour buying and selling quantity, and so on., go to ChangeNOW value.
Conclusion
Our ChangeNOW overview has revealed that ChangeNOW is a feature-rich, user-friendly, and secure crypto alternate that gives quick and straightforward swaps of digital belongings with out the necessity for registration and verification. Moreover, you should utilize its wide selection of companies, together with Asset Itemizing, NOW pockets, NOW funds, Lightning NOW, and NOW nodes.
On prime of that, you should utilize the total energy of crypto with out worrying about your privateness by utilizing ChangeNOW.
To be taught extra about DeFi, go to our detailed information, “What Is DeFi.” If you wish to discover ways to handle your crypto portfolios and choose the most effective portfolio tracker, take a look at the CoinStats information “Crypto Portfolio Trackers.” When you’re simply beginning your crypto journey and are confused about which exchanges and crypto wallets to make use of, yow will discover all the data on our “Pockets and Alternate Opinions.”
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