One of the issues with cryptocurrency is that it’s often difficult to go from one coin to another or to purchase altcoins with a credit card. Sure you can purchase Bitcoin with a credit card from a site like Coinbase and then sign up for one of the many exchanges to finally convert your Bitcoin to Bytecoin, but that’s a terrible process. That’s where the cryptocurrency exchange known as Changelly steps in.
What Is Changelly?
Changelly is a coin exchange that was started by the folks at MinerGate. Unlike most exchanges, you don’t need a middleman to convert one currency to another. You can purchase over 50 different cryptocurrencies using your credit card, or you can instantly convert coins like Bytecoin into Monero.
How Much Does Changelly Cost?
Changelly has one of the lowest fees in the industry with a commission of only .05% per transaction. This is quite lower than most exchanges and especially lower than if you have to convert through multiple exchanges! They also have an affiliate program that allows you to invite your friends and potentially earn a little income on the site.
Is Changelly Safe?
Changelly was created by MinerGate, which is one of the most trusted mining pools in the industry. They never store you currencies because each transaction is handled instantly, which means your coins are never in their wallet. Each account is protected by two-factor authentication, so you can be sure your coins and your cards are in safe hands. They also have served over 500,000 users and average about 3,000,000 new users to their site a month, which blows most exchanges out of the water.
How Do You Use Changelly?
Before you can start exchanging coins, you’ll need to create an account at Changelly. Once your account is confirmed you will select the coin you are going from and the coin you ware going to. Once you hit continue, you’ll get a randomly generated wallet address to send your coins to, once they reach that address, Changelly will send your coins over to the wallet you inputted in the beginning. It literally can not get any simpler when it comes to exchanging one coin for another or purchasing cryptocurrencies with a credit card. If you have any questions, feel free to reach out, and as always, PARTY ON!