ChangeNOW Evaluation [The Ultimate Guide 2022]

Decentralized Finance (DeFi) is without doubt one of the greatest traits within the blockchain trade, 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 offer 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 learn from DeFi’s countless prospects and begin buying and selling in cryptocurrencies, it is advisable to 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 decide the correct platform amongst a staggering variety of cryptocurrency exchanges on the market.

This ChangeNOW overview will focus on the ChangeNOW change and all of the options and providers 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 benefit from 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 assist 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 guardian firm CHN Group Restricted. The corporate is headquartered in Seychelles and in addition has a department workplace in Amsterdam, Netherlands. ChangeNOW’s sole objective was to make cryptocurrency swapping simple, protected, safe, and quick even for a first-time person with restricted expertise within the crypto house.

To realize its purpose, ChangeNOW has partnered with a number of crypto trade giants reminiscent of Binance, Ledger, Atomic Pockets, Trezor, OKEX, and so on. Moreover, ChangeNOW’s partnership with Simplex and Guardarian allows it to offer not solely crypto swaps but in addition fiat-to-crypto quick swaps. You’ll be able to commerce cash on the net platform, via 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 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 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 buy crypto with a debit/bank card utilizing the platform and obtain the funds in your {hardware} pockets.

The change is offered in 28 totally different languages. ChangeNOW has knowledgeable and fast buyer assist workforce that gives assist via 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 reminiscent of 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 kind worthwhile change charges for its customers primarily based on the perfect value.

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, cellular 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 which you can entry ChangeNOW’s full providers and options with out performing any KYC and electronic mail or telephone verification. You’ll be able to 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 when you make a suspicious or unlawful transaction. In any other case, there isn’t a restrict on how a lot you may 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 problem of the change’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 change all the time 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 identified deal with in Seychelles with one other workplace in Amsterdam. All the required particulars and authorized documentation might 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 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 Trade Charges: ChangeNOW gives you the perfect change charge out there by aggregating the charges throughout main crypto exchanges.
• Quick Swaps: ChangeNOW ensures quick crypto swaps, with a median of two minutes for a crypto-for-crypto swap.
• No KYC: The change doesn’t require any verification or KYC, however on the similar 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. Due to this fact, whereas many exchanges can freeze your belongings saved on them in case of some points or value volatility, as seen in the course of 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 straightforward and intuitive. It permits even novices to swap cryptos immediately with none problem. Relying in your stage of experience within the crypto market, you may carry out varied features simply over the web site or via the app.
• A number of Cost Strategies: The change helps varied cost strategies reminiscent of 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.
• Stability: ChangeNOW has strived to take care of a wholesome stability between compliance with legal guidelines and rules 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 workforce gives immediate responses and effectively solves any points or queries.

ChangeNOW Availability

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

The web site is just not robotically 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 received’t be capable of 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 some other pockets from the ChangeNOW supported wallets checklist. 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 permits you to 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 some 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 deal with the place the cryptocurrency you’re going to purchase might be saved. Be sure that to enter a sound deal with of a pockets you management, or else the tokens might be misplaced perpetually.
• Click on on Subsequent, verify the transaction particulars, and click on on Affirm.
• You’ll be redirected to the cost gateway. You should use VISA/MasterCard Credit score and Debit playing cards to make an immediate buy or the SWIFT cost gateway which takes 3.5 enterprise days.
• When you’ve made the cost, your not too long ago 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 id or electronic 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, and not using a problem:

• On the homepage, click on on Trade 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 Trade.
• On the subsequent web page, enter the proper pockets deal with for the crypto you wish to swap to. Word that one mistake might lead to everlasting losses. Double-check the pockets deal with and click on on Subsequent.
• The following web page will inform you all the main points in regards to the swap, together with the time wanted and the change charge. Click on on Affirm.
• The swap might be accomplished throughout 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! In contrast to 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 may swap on the change.

ChangeNOW Charge Breakdown

A number of charges might 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 differ relying on the forex and the quantity traded, however ChangeNOW gives the quickest and most inexpensive methods for a swap. Customers can be taught the charge once they enter order particulars.

You’ll be able to select between two sorts of change charges, particularly:

• Floating Trade Charge: Floating charge gives you with the charge on the time of change. It might probably differ from second to second, but when the charge exceeds 3 p.c as a result of market volatility or community points, the transaction might be halted, and you’ll request a brand new charge or get a refund.
• Fastened Trade Charge: If you wish to keep away from market volatility, you may repair the speed for 20 minutes below the floating change charge. This may 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 change, so it doesn’t retailer person funds, eliminating the prospect of being hacked. Furthermore, the change has sturdy safety measures in place in case of any cyber assaults or hacks. Customers’ private data obtained 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 criminal activity.

The change has by no means confronted any main points and has maintained a really excessive commonplace of safety for its customers, even with none KYC or electronic 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 reminiscent of 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’ll be able to 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 offered for commerce on Binance DEX and UniSwap. The vast majority of NOW tokens’ commerce is towards Wrapped Ethereum (WETH) within the buying and selling pair NOW/WETH. To verify the NOW token dwell 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 protected crypto change that gives quick and straightforward swaps of digital belongings with out the necessity for registration and verification. Moreover, you should utilize its big selection of providers, together with Asset Itemizing, NOW pockets, NOW funds, Lightning NOW, and NOW nodes.

On prime of that, you should utilize the complete 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 perfect portfolio tracker, try the CoinStats information “Crypto Portfolio Trackers.” In case you’re simply beginning your crypto journey and are confused about which exchanges and crypto wallets to make use of, you’ll find all the knowledge on our “Pockets and Trade Evaluations.”