Changelly review

Changelly review - buy crypto with a credit card

Buy, sell, and instant exchange cryptocurrency. Changelly offers the simplest way to buy cryptocurrency only using your bank cards, Mastercard or Visa. Also, the Changelly platform connects with the biggest cryptocurrency exchanges to deliver the best rates for their users. Is Changelly legit and safe? Keep on reading this Changelly review to find out more about this instant crypto exchange platform.

Changelly review - Buy and exchange cryptocurrency
Changelly review- Buy and exchange cryptocurrency

Limited time offer for the first-time users of MoonPay. Until March 31, 2021, the buy crypto feature on Changelly via MoonPay will be without fees. Check out more details here.

What is Changelly?

Changelly started its services in the year 2015, as an intermediary between some of the biggest crypto exchanges and cryptocurrency enthusiasts. The intermediary process was constructed to make cryptocurrency exchanges faster and, with a better user experience, to immediately exchange and buy cryptocurrencies.

In 2020, the Changelly platform expanded its services with a custodial cryptocurrency trading platform, Changelly PRO. As a result, with Changelly PRO, users can trade multiple cryptocurrencies on a user-friendly exchange platform. All major cryptocurrencies are supported in multiple trading pairs. For example, Bitcoin – BTC, Ethereum – ETH, Tether – USDT, Binance Coin – BNB, Litecoin – LTC, Cardano – ADA, and much more others.

Also in 2020, the instant swap crypto feature on Changelly reached a number of 170 cryptocurrencies listed.

More to say about the Changelly platform is that it has some pretty impressive partners. For example, Binance exchange, Trezor, Exodus, Coinomi, Nexo, HitBTC.

changelly review - buy crypto with credit cards
Changelly review – buy crypto with credit cards

The CEO of Changelly is Eric Benz, a person with a history in financial institutions and blockchain companies. On a quick search on LinkedIn, everybody can see his business activity history.

What is Changelly? In simple words, Changelly is a non-custodial instant cryptocurrency exchange platform, on which users can buy, sell, and exchange their crypto-assets. All these in a very simple way and without holding the user’s funds.

How does Changelly work?

The process behind Changelly might seem easy but is not quite as simple, and firstly, let’s take the instant crypto exchange. Changelly has integrated a trading algorithm, on some of the world’s biggest cryptocurrency exchanges, for example, Binance, Poloniex, HitBTC, Bittrex, and other exchanges, to deliver the best exchange rates. Therefore, once a user makes an exchange order on Changelly, an automatic process of making offers and requests on these exchange platforms is triggered, and then is selected the best rate found. As a result, Changelly will display this selected exchange rate, and the user can choose it to finish the order.

changelly exchange review
Changelly exchange review

The buy crypto orders with bank cards or bank transfers are done through third-party platforms. For example, MoonPay, Banxa, Simplex, Coinify, Indacoin, and others. As well as the instant exchange feature, Changelly will display the best buying rates, so the user can choose the best option. On some cryptocurrencies there are pretty high fees, therefore everybody should do their research before investing, buying, or selling.

Buy crypto on Changelly
Changelly review – Buy crypto

As well as in the previous two cases, with the Changelly sell crypto feature, the platform will choose the best-selling rate. Users can sell their crypto assets for fiat money, and the funds will be sent to their bank account. On this feature, there are also, some pretty high fees. Therefore, before selling crypto, see the coin’s exchange rate to decide if this works well for you, and not lose too much money on fees. The selling orders are executed through the third-party company, Mercuryo.

How to buy crypto with a bank card on Changelly?

The process is pretty easy and simple. Once you are on the main page of the Changelly platform, all you have to do is choose into what currency to buy and what cryptocurrency to buy. Also, enter the amount you want to spend on that specific order. Changelly is also integrated into my blog, therefore all the features are available on this website. Press the button below and it will pop-up an exchange widget.

Be informed that, on the Changelly platform, is also a minimum buy amount of $50. And users can choose from multiple cryptocurrencies to buy. For example, Bitcoin, Ethereum, Litecoin, Dash, Cardano, ChainLink, Elrond, and many others.

Buy crypto on Changelly
Changelly exchange review – Buy crypto

Steps on buying crypto with a bank card

Let’s take the buying orders in simple steps. For example, I have made a buying order for Cardano – ADA on Changelly:

  • Choose the currency you want to buy in;
  • Choose the cryptocurrency you want to buy;
  • Enter the amount you want to spend on that order, or enter the amount of crypto to buy;
  • You will need to accept the terms and conditions;
  • Hit the buy button;
  • Changelly will give the rates for the third-party platforms. For example, MoonPay, Banxa, and so on;
  • Choose the best rate for you, in my case it was MoonPay;
Buy crypto order
Changelly exchange review – Buy crypto
  • Enter the crypto wallet address to which your crypto will be sent. Be very careful to enter the correct address;
  • Press go to payment and you will be redirected to the third-party platform. As well, in my case, it was MoonPay, on which I already have an account, and all I had to do is enter my email;
  • Almost always, the email will need to be verified. Therefore, you will receive a four-digit code to your email address;
  • For the first-time users of MoonPay, or the other payment platforms, you will have to register and enter the payment method. For example, bank cards, Visa or Mastercard. Also, see the below limits and KYC requirements;
  • Also, depending on your order amount, new users will need to upload identity documents, which can be a passport, identity card, or driver’s license;
  • In some cases, it will also be necessary to upload a selfie. The identity verification can take from 2 to 30 minutes;
  • Once the steps are done, and your payment was made, the cryptocurrency will arrive at your specified crypto wallet in 5 to 30 minutes. In my case, I received my ADA coins in under 10 minutes.
Changelly buy order completed
Changelly exchange review – buy order completed

For the new users, the process can be a little long, but once they are registered, it is very simple and fast, to buy crypto using Changelly and bank cards.

Buying limits and KYC on Changelly

There will be some daily and monthly limits on buying cryptocurrency using the third-party platforms on Changelly. Therefore, let’s take everyone and see these limits and the necessary KYCknow your customer.


  • Daily limit of $20,000;
  • Monthly limit of $50,000.

The KYC verification process is only necessary for orders above $150.


On MoonPay it will be three levels of limits, depending on the KYC verification process.

  • Level I: $150 monthly limit and $50 per single transaction. These limits are for the users who provided only the email, phone number, and personal information;
  • Level II: $20,000 monthly limit and $10,000 daily. These limits are for the users who provided identity documents, a selfie, and the bank card verified, only if requested;
  • Level III: $50,000 monthly limit and $10,000 daily limit per card. Also, a limit of $50,000 per bank transaction, for example, SEPA. These limits are for those users who proved their address, and if requested the source of funds.

The KYC is necessary only for level II and III limits.

Changelly review - Buy crypto with a bank card
Changelly review – Buy crypto with a bank card


  • Card purchases: a limit of $5,000 per day;
  • Bank wire transfers: a limit of $10,000 per day and $150,000 per month.

The KYC is necessary for buying crypto through Coinify.


  • $1,000 limit at first transaction through Indacoin;
  • $6,000 daily limit;
  • $30,000 monthly limit.

The KYC verification process is necessary for Indacoin.


  • A daily limit of $250;
  • A monthly limit of $1,000;
  • And a yearly limit of $1,500.

The KYC is necessary for buying crypto with Wyre.

Instant crypto exchange on Changelly

Users of Changelly can swap between multiple cryptocurrencies with this feature. For example, Bitcoin – BTC, Ethereum – ETH, Cardano – ADA, ChainLink – LINK, Binance Coin – BNB, Elrond Coin – eGold, and much more. How this feature works, was described above in this Changelly review. Therefore, let’s take this in simple steps and see how to trade on the Changelly platform.

  • Choose the crypto pair you want to exchange;
  • Enter the amount you want to swap;
  • You can choose from a floating rate or a fixed rate (see the beneath clarification);
  • Enter the crypto wallet address in which your crypto assets to be sent;
  • Sign-up or sign-in with your email, in order to save your transactions;
  • Confirm your transaction and go to payment;
  • Changelly will display a crypto address and a QR code to send the payment;
  • Once the payment is received by Changelly your crypto will be sent to your chosen wallet.
changelly exchange review
Changelly exchange review

The transactions can take up to 30 minutes, from the moment the payment is received by Changelly. Every order will have a transaction ID, therefore it is advised to save it if something goes wrong with the transaction.

Also, take notice that Changelly has a risk scoring system to prevent illegal activities. If a transaction is signaled as suspicious by this system, it will be put on hold, and as a result, the user must pass the KYC procedure.

Floating rate on Changelly

We all know the high volatility of cryptocurrencies, therefore a floating rate will make sure the transaction will be executed if the rates change. A floating rate can change at any time, and as a result, you can get a different amount of crypto when the transaction is executed. This can work in your favor or, at the same time, against you.

Changelly charges a 0.25% transaction fee for the floating rate.


A fixed-rate will lock the rate displayed by Changelly. Therefore, all the time users will know the amount of crypto that will have to receive. Also, if the transaction will not get executed for some reason, every user who chooses this fixed-rate will need to enter a refund crypto address.

Changelly exchange review - instant exchange crypto
Changelly exchange review – instant exchange crypto

Crypto to fiat exchanges

As I said above, these transactions will be executed through a third-party company, called Mercuryo. For now, the only crypto asset that can be exchanged for fiat money is Bitcoin – BTC. And it can only be exchanged for EURO currency.

The minimum amount of Bitcoin that can be sold is set to $250, and for the users who pass the advanced KYC procedure, they can sell an unlimited quantity of Bitcoin. For the users with the basic KYC, there will be a maximum amount of $10,000 to sell.

Changelly sell Bitcoin
Sell crypto on Changelly

Bitcoin to EURO transactions can only be executed in some of the European countries. Therefore, before you make any transaction, make sure to check the list on the official Changelly website.

Is Changelly legit and safe to use?

Changelly is far from being a scam. It is in the crypto market since 2015 and it has more than 2 million users worldwide. Also, with the latest crypto exchange release, Changelly PRO, the company indicates that is here to stay.

Changelly has some high trust scores from its users. But at the same time, there are also some user reviews, where they encountered some issues with their transactions and high fees.

On the other hand, I use for quite some while the Changelly services and didn’t face any problems. Every time, my funds arrived fast and without any issues. More specifically, my last transaction was executed in under 10 minutes.

Is Changelly legit and safe
Is Changelly legit and safe? Order review

Closing thoughts

Changelly is a non-custodial cryptocurrency exchange, that is also available as a mobile app supported by both IOS and Android operating systems. Therefore, you can buy and exchange cryptocurrency on the go.

Regarding the fees on the Changelly platform, on some crypto coins, there are pretty high. But to understand why, Changelly automatically buys cryptocurrency from some of the biggest crypto exchanges, and in these fees are included the blockchain transactions fees and the trading transactions fees. Therefore, these might seem high, but Changelly only imposes 0.25% in fees.

Also, in the buying transactions fees, orders that are executed on the crypto exchanges, are included multiple transactions. More explicitly, some crypto coins only have trading pairs with Bitcoin, for example. And if users choose different pairs, there will be made multiple transactions to complete the order. As a result, the fees will be higher on some coins.

changelly review - buy crypto with credit cards
Changelly review – buy crypto with credit cards

Nowadays, we can use so many platforms to buy and exchange our digital assets. Changelly comes as an intermediary between us and these platforms. As a result, Changelly offers a quick way to buy and exchange cryptocurrency, without holding funds, or creating many accounts on different exchanges.

To avoid the high fees, as I do it, only buy or exchange on the Changelly platform, those cryptocurrencies with low fees. More exactly, those who don’t have high blockchain fees or require multiple transactions to complete your order. For the other ones, I use different crypto exchanges. Always check the rates and the fees at the moment you make your order.

Keep in mind that Changelly services can be used directly from my blog. Thank you for reading this Changelly review, please share and subscribe to my little blog. Also, visit CryptoFiveo on Youtube, LBRY and Odysee, Pinterest, Facebook, Publish0x, Instagram, Twitter.

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This Changelly exchange review, and if Changelly is legit and safe to use, is intended for informational purposes only. Therefore, the views expressed in this document are not, and should not, be construed as investment advice or recommendations. Readers of this document should do their own research, taking into account their specific financial circumstances. Also, the investment objectives and risk tolerance before investing. This document is not an offer, nor the solicitation of an offer, to invest, buy or sell any of the assets mentioned herein.

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