ChangeNOW Review [The Ultimate Guide 2022]

Decentralized Finance (DeFi) is likely one of the greatest developments within the blockchain trade, aiming to democratize finance by eliminating the necessity for centralized establishments and granting folks full management over their funds. DeFi makes use of cryptocurrency and blockchain know-how 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 limitless prospects and begin buying and selling in cryptocurrencies, it is advisable register a crypto change 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 usually evaluations the main platforms and presents their benefits and downsides that will help you choose the best platform amongst a staggering variety of cryptocurrency exchanges on the market.

This ChangeNOW evaluate will talk about the ChangeNOW change and all of the options and companies related to it. Eager on giving this change a go? Learn on as we cowl the main points of the ChangeNOW change and how one can take advantage of it. 

Let’s get proper to it!

What Is ChangeNOW

ChangeNOW is a cryptocurrency non-custodial change that gives quick, nameless, and inexpensive swaps with the help of over 10,000 pairs. The platform allows the seamless swapping of cryptocurrencies with none limits and registration or verification procedures. The change has its native NOW token issued on each Ethereum and Binance Chain blockchains.

ChangeNOW was established in 2017 by its father or mother firm CHN Group Restricted. The corporate is headquartered in Seychelles and in addition has a department workplace in Amsterdam, Netherlands. ChangeNOW’s sole function was to make cryptocurrency swapping simple, secure, safe, and quick even for a first-time consumer with restricted expertise within the crypto house.

To realize its aim, ChangeNOW has partnered with a number of crypto trade giants resembling Binance, Ledger, Atomic Pockets, Trezor, OKEX, and so on. Moreover, ChangeNOW’s partnership with Simplex and Guardarian allows it to supply not solely crypto swaps but in addition fiat-to-crypto quick swaps. You possibly can commerce cash on the net platform, by way of the cell app, and utilizing the Telegram bot.

What Makes ChangeNOW Distinctive

The most effective factor about ChangeNOW is that it’s a non-custodial crypto change, 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 means that you can 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 change is on the market in 28 completely different languages. ChangeNOW has an expert and fast buyer help group that gives help by way of Telegram Chat and different social media platforms.

ChangeNOW means that you can 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 resembling BTC, ETH, ADA, USDT, SOL, and so on.

As for the change charges, ChangeNOW works as an aggregator of cryptocurrency costs from main buying and selling platforms to type worthwhile change charges for its customers based mostly on the most effective worth.

ChangeNOW is greater than a crypto change service. It has advanced right into a feature-rich ecosystem with such merchandise as NOW Pockets, NOWTracker, NOWPayments, NOWLoans, NOWNodes, cell change app, Telegram Bot, and so on., permitting you to carry out all of your crypto transactions on one platform.

One of many change’s most distinctive options is that you could entry ChangeNOW’s full companies and options with out performing any KYC and e mail or cellphone verification. You possibly can carry out instantaneous 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 if you happen to make a suspicious or unlawful transaction. In any other case, there isn’t a restrict on how a lot you possibly can commerce or swap on the ChangeNOW change.

ChangeNOW Legitimacy

The primary query that involves our minds when the change doesn’t require any KYC or verification from its customers is the difficulty of the change’s legitimacy. ChangeNOW has been working since 2017 with none main hiccups or cyber-attacks and has a superb Trustpilot ranking. The corporate has established a loyal consumer base that trusts the protection and safety measures ChangeNOW implements to safeguard customers’ funds.

If there are any suspicious transactions, the change all the time requires the entity to adjust to Know Your Buyer and Anti-Cash Laundering guidelines. On high of that, the corporate relies in a publicly identified deal with in Seychelles with one other workplace in Amsterdam. All the required 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 consumer funds itself is what makes the change so safe

Key Options

Let’s have a fast overview of ChangeNOW key options to get a grasp of the explanations for its enormous reputation:

• Finest Alternate Charges: ChangeNOW presents you the most effective change fee out there 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 change 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 change, 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. Subsequently, whereas many exchanges can freeze your belongings saved on them in case of some points or worth volatility, as seen in the course of the LUNA crash, you’re the one one deciding what to do along with your digital belongings on ChangeNOW.
• Limits ChangeNow: Whereas most exchanges have a buying and selling restrict, ChangeNOW claims that each one their exchanges are limitless, permitting customers to swap any quantity of cryptocurrency, with over 400 tokens and 13000 buying and selling pairs out there.
• Intuitive Person Interface: The consumer interface of the ChangeNOW web site and the cell app for Android and iOS units is easy and intuitive. It permits even novices to swap cryptos immediately with none problem. Relying in your stage of experience within the crypto market, you possibly can carry out varied features simply over the web site or by way of the app.
• A number of Fee Strategies: The change helps varied fee strategies resembling 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 take care of a wholesome stability 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 help are among the many greatest within the crypto market. The help group supplies immediate responses and effectively solves any points or queries.

ChangeNOW Availability

ChangeNOW is on the market for patrons worldwide. Nevertheless, residents of sure nations aren’t permitted to make use of it, together with america, Cuba, Crimea, Sudan, Somalia, Burma, Yemen, Zimbabwe, the Folks’s Republic of China, Bangladesh, Iran, North Korea, Syria, and Bolivia. The change has acknowledged that the nations within the United Nations Safety Council Sanctions listing or different equal lists are prohibited from utilizing it.

The web site will not be routinely geo-blocked within the US, and customers can entry it. Nevertheless, likelihood is that if the US authorities cracks down on it sometime, the change gained’t have the ability to help you in any means.

How you can Use ChangeNOW

The ChangeNOW change 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 another pockets from the ChangeNOW supported wallets listing. 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 change means that you can create one on the spot.

Observe the steps listed beneath to purchase or promote crypto:

• Go to the ChangeNOW.io homepage.
• Choose Purchase/Promote Crypto and enter the quantity of USD or another 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 deal with the place the cryptocurrency you’re going to purchase might be saved. Make sure that to enter a sound deal with of a pockets you management, or else the tokens might be misplaced eternally.
• Click on on Subsequent, examine the transaction particulars, and click on on Affirm.
• You’ll be redirected to the fee gateway. You need to use VISA/MasterCard Credit score and Debit playing cards to make an instantaneous buy or the SWIFT fee gateway which takes 3.5 enterprise days.
• When you’ve made the fee, your just lately bought cryptocurrency might be mirrored in your pockets inside a couple of minutes.

Congratulations! You’ve managed to purchase your favourite cryptocurrency in a number of simple steps with out having to confirm your identification or e mail deal with.

Swap Cryptocurrencies on ChangeNOW

Swapping cryptocurrencies on ChangeNOW can also be very simple. Simply observe the steps beneath 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 change might be displayed.
• Click on on Alternate.
• On the subsequent web page, enter the right pockets deal with for the crypto you wish to swap to. Word that one mistake might end in everlasting losses. Double-check the pockets deal with and click on on Subsequent.
• The subsequent web page will let you know all the main points concerning the swap, together with the time wanted and the change fee. Click on on Affirm.
• The swap might be accomplished inside the indicated interval, and the tokens might be mirrored in your pockets deal with.

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 possibly can swap on the change.

ChangeNOW Price Breakdown

A number of charges could be charged in the course of 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 fluctuate relying on the foreign money and the quantity traded, however ChangeNOW supplies the quickest and most inexpensive methods for a swap. Customers can study the payment once they enter order particulars.

You possibly can select between two varieties of change charges, specifically:

• Floating Alternate Fee: Floating fee supplies you with the payment on the time of change. It could fluctuate from second to second, but when the payment exceeds 3 % resulting from market volatility or community points, the transaction might be halted, and you’ll request a brand new fee or get a refund.
• Mounted Alternate Fee: If you wish to keep away from market volatility, you possibly can repair the speed for 20 minutes underneath the floating change fee. This may price you a bit greater than the fluctuating fee, however you gained’t have to fret about volatility or any community points.

ChangeNOW Safety

ChangeNOW is a non-custodial cryptocurrency change, so it doesn’t retailer consumer funds, eliminating the possibility of being hacked. Furthermore, the change has sturdy safety measures in place in case of any cyber assaults or hacks. Customers’ private data acquired by the change is encrypted and saved in specialised safe storage. A particular danger administration system detects suspicious actions on the change to forestall fraud and any criminality.

The change 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 change has its personal native token with the ticker $NOW. It was launched in 2019 and is required for utilizing ChangeNOW merchandise resembling NOW Pockets, NOWTracker, NOWPayments, NOWLoans, NOWNodes, and so on. Furthermore, it’s used to pay asset itemizing charges on ChangeNOW.

NOW grew to become out there 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 % of its provide was later burnt on the Ethereum blockchain and re-released on the Binance Mainnet. You possibly can swap your NOW ERC-20 tokens for Binance Good Chain NOW tokens free of charge.

The NOW token hit the all-time-high worth of USD 0.124152 on April 2nd, 2022. The token is on the market 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 examine the NOW token stay worth, market cap, whole provide, circulating provide, 24-hour buying and selling quantity, and so on., go to ChangeNOW worth.

Conclusion

Our ChangeNOW evaluate has revealed that ChangeNOW is a feature-rich, user-friendly, and secure crypto change that gives quick and simple swaps of digital belongings with out the necessity for registration and verification. Moreover, you need to use its wide selection of companies, together with Asset Itemizing, NOW pockets, NOW funds, Lightning NOW, and NOW nodes.

On high of that, you need to use the complete energy of crypto with out worrying about your privateness through the use of ChangeNOW.

To study extra about DeFi, go to our detailed information, “What Is DeFi.” If you wish to learn to handle your crypto portfolios and choose the most effective portfolio tracker, take a look at the CoinStats information “Crypto Portfolio Trackers.” In the event 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 Critiques.”