ChangeNOW Assessment [The Ultimate Guide 2022]

Decentralized Finance (DeFi) is likely one of the greatest 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 know-how to offer a full spectrum of monetary transactions, from on a regular basis banking to crypto-backed loans and mortgages, to digital asset buying and selling.

To profit from DeFi’s infinite 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 up to now years. CoinStats repeatedly 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 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 small print 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 reasonably priced 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 mum or dad 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, protected, 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 business giants corresponding to Binance, Ledger, Atomic Pockets, Trezor, OKEX, and so forth. Moreover, ChangeNOW’s partnership with Simplex and Guardarian allows it to offer not solely crypto swaps but additionally fiat-to-crypto quick swaps. You may commerce cash on the internet platform, by the cell app, and utilizing the Telegram bot.

What Makes ChangeNOW Distinctive

One of the 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 are not 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 buy crypto with a debit/bank card utilizing the platform and obtain the funds in your {hardware} pockets.

The change is obtainable in 28 completely different languages. ChangeNOW has an expert and fast buyer assist crew that gives assist by 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 forth., and all main cryptocurrencies corresponding to BTC, ETH, ADA, USDT, SOL, and so forth.

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 based mostly on the very best worth.

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

One of many change’s most distinctive options is that you may entry ChangeNOW’s full providers and options with out performing any KYC and e-mail or cellphone verification. You may carry out on the spot 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 for those who make a suspicious or unlawful transaction. In any other case, there is no such thing as 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 difficulty of the change’s legitimacy. ChangeNOW has been working since 2017 with none main hiccups or cyber-attacks and has a wonderful Trustpilot score. The corporate has established a loyal consumer base that trusts the security and safety measures ChangeNOW implements to safeguard customers’ funds.

If there are any suspicious transactions, the change at all times requires the entity to adjust to Know Your Buyer and Anti-Cash Laundering guidelines. On high of that, the corporate is predicated in a publicly identified deal with in Seychelles with one other workplace in Amsterdam. All the mandatory particulars and authorized documentation may 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 big recognition:

• Greatest Trade Charges: ChangeNOW gives you the very best change price 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 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 throughout 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 Consumer Interface: The consumer interface of the ChangeNOW web site and the cell app for Android and iOS gadgets is straightforward and intuitive. It permits even novices to swap cryptos immediately with none trouble. Relying in your stage of experience within the crypto market, you may carry out numerous capabilities simply over the web site or by the app.
• A number of Fee Strategies: The change helps numerous fee strategies corresponding 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.
• Stability: ChangeNOW has strived to keep up a wholesome steadiness 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 greatest within the crypto market. The assist crew supplies immediate responses and effectively solves any points or queries.

ChangeNOW Availability

ChangeNOW is obtainable for patrons 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 Folks’s Republic of China, Bangladesh, Iran, North Korea, Syria, and Bolivia. The change has said that the international locations 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 received’t be capable of help you in any manner.

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 trouble. All you want is a Metamask Pockets or some other pockets from the ChangeNOW supported wallets listing. Some supported crypto wallets are NOW Pockets, Guarda, Atomic, Edge, Trustee Pockets, and so forth. In case you don’t have a crypto pockets, the change means that you can 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 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 will likely be saved. Be certain to enter a sound deal with of a pockets you management, or else the tokens will likely be misplaced endlessly.
• Click on on Subsequent, examine the transaction particulars, and click on on Affirm.
• You’ll be redirected to the fee gateway. You should utilize VISA/MasterCard Credit score and Debit playing cards to make an on the spot 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 id or e-mail deal with.

Swap Cryptocurrencies on ChangeNOW

Swapping cryptocurrencies on ChangeNOW can also be very simple. Simply comply with the steps under to swap crypto, together with the one you simply bought, and not using a trouble:

• 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 will likely be displayed.
• Click on on Trade.
• On the subsequent web page, enter the right pockets deal with for the crypto you wish to swap to. Notice that one mistake may lead to everlasting losses. Double-check the pockets deal with and click on on Subsequent.
• The following web page will let you know all the small print concerning the swap, together with the time wanted and the change price. Click on on Affirm.
• The swap will likely be accomplished inside the indicated interval, and the tokens will likely 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 forth., the ChangeNOW community charges are minimal, and there are not any limits on how a lot cryptocurrency you may swap on the change.

ChangeNOW Payment Breakdown

A number of charges may 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 fluctuate relying on the foreign money and the quantity traded, however ChangeNOW supplies the quickest and most reasonably priced methods for a swap. Customers can study the payment after they enter order particulars.

You may select between two sorts of change charges, specifically:

• Floating Trade Fee: Floating price supplies you with the payment on the time of change. It may fluctuate from second to second, but when the payment exceeds 3 % as a consequence of market volatility or community points, the transaction will likely be halted, and you’ll request a brand new price or get a refund.
• Mounted Trade Fee: If you wish to keep away from market volatility, you may repair the speed for 20 minutes beneath the floating change price. This can price you a bit greater than the fluctuating price, 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 consumer funds, eliminating the prospect of being hacked. Furthermore, the change has strong safety measures in place in case of any cyber assaults or hacks. Customers’ private info obtained by the change is encrypted and saved in specialised safe storage. A particular threat administration system detects suspicious actions on the change to stop 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 corresponding to NOW Pockets, NOWTracker, NOWPayments, NOWLoans, NOWNodes, and so forth. 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 may swap your NOW ERC-20 tokens for Binance Sensible 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 obtainable 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 dwell worth, market cap, whole provide, circulating provide, 24-hour buying and selling quantity, and so forth., go to ChangeNOW worth.

Conclusion

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

On high of that, you should 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 very best portfolio tracker, try the CoinStats information “Crypto Portfolio Trackers.” If you happen to’re simply beginning your crypto journey and are confused about which exchanges and crypto wallets to make use of, you could find all the knowledge on our “Pockets and Trade Evaluations.”