ChangeNOW Review [The Ultimate Guide 2022]

Decentralized Finance (DeFi), one of the most prominent trends in the Blockchain industry, is an attempt to make finance more accessible by eliminating central banks and giving people full control over their finances. DeFi utilizes cryptocurrency and blockchain technology in order to offer a broad range of financial transactions. These include everyday banking and crypto-backed loans as well as mortgages and digital asset trades.

To benefit from DeFi’s endless possibilities and start trading in cryptocurrencies, you need to register a crypto exchange account with a trading platform that suits your investment needs. There have been many impressive platforms that have appeared in recent years due to the growing interest in cryptocurrency. CoinStats reviews and highlights the top platforms to assist you in choosing the best platform from the vast array of available.

This ChangeNOW review will focus on the ChangeNOW Exchange and the services and features that it offers. You are interested in trying this exchange? Continue reading to learn more about the ChangeNOW Exchange and how you can get the best out of it. 

Let’s get right to it!

What is ChangeNOW?

ChangeNOW is an anonymous cryptocurrency swap platform that offers fast and secure transactions with over 10,000 pairs. It allows seamless cryptocurrency swapping without registration and verification requirements. The native NOW token of the exchange is issued by Binance Chain and Ethereum blockchains.

CHN Group Limited was the parent company that founded ChangeNOW. Company headquarters are in Seychelles. There is also a branch office located in Amsterdam, Netherlands. ChangeNOW’s sole purpose was to make cryptocurrency swapping easy, safe, secure, and fast even for a first-time user with limited experience in the crypto space.

ChangeNOW has partnered several major crypto companies such as Binance and Atomic Wallet, Trezor and OKEX to achieve their goals. Additionally, ChangeNOW’s partnership with Simplex and Guardarian enables it to provide not only crypto swaps but also fiat-to-crypto fast swaps. Trade coins can be done via the Telegram Bot, the mobile app and on the website.

What makes ChangeNOW unique?

The best thing about ChangeNOW is that it’s a non-custodial crypto exchange, giving you complete control over your funds. There are no limits on the amount of freedom that users can enjoy. ChangeNOW offers support for over 400 digital assets. You can make swaps to your hardware wallet or software wallet directly without the need to register. The platform allows you to purchase crypto using a debit/credit or credit card and get the funds directly into your hardware wallet.

This exchange can be accessed in 28 languages. ChangeNOW provides quick support via Telegram Chat as well as other social media platforms.

ChangeNOW makes it easy to buy and sell cryptos instantly using VISA debit cards or MasterCard credit cards. The platform supports a variety of fiat currencies such as USD, EUR and GBP. JPY, AUD and most major cryptocurrencies, like BTC or ETH.

ChangeNOW is an exchange rate aggregator that aggregates cryptocurrency prices from major trading platforms. It creates profitable exchange rates to its users on the basis of the highest price.

ChangeNOW goes beyond a cryptocurrency exchange. The platform has become a robust ecosystem, with products like NOW Wallet (nowTracker), NOWPayments and NOWLoans. Telegram Bot allows you to do all your crypto transactions through one platform.

One of the exchange’s most distinctive features is that you can access ChangeNOW’s complete services and features without performing any KYC and email or phone verification. It is possible to instantly swap coins and purchase or sell your preferred cryptocurrencies. There are no lengthy registrations or verification requirements. If you are involved in a fraudulent or illegal transaction, ChangeNOW may require that you complete a KYC. There is no restriction on how much you may trade on the ChangeNOW platform.

ChangeNOW Legitimacy

The first question that comes to our minds when the exchange doesn’t require any KYC or verification from its users is the issue of the exchange’s legitimacy. ChangeNOW’s operation has been running since 2017. There have not been any cyber-attacks, hiccups, or major delays. It also has a high Trustpilot rating. The company has established a loyal user base that trusts the safety and security measures ChangeNOW implements to safeguard users’ funds.

Exchanges require that suspicious transactions are reported to the authorities. Additionally, the company has a public address in Seychelles and an office in Amsterdam. On its website, you can access all details and documentation. ChangeNOW does not store user funds and is therefore non-custodial.

Important Features

Let’s have a quick overview of ChangeNOW key features to get a grasp of the reasons for its huge popularity:

• Get the best exchange rates ChangeNOW provides the most competitive exchange rates on the market, aggregating exchange rates from major crypto exchanges.
• Quick SwapsChangeNOW promises fast crypto swaps with an average time of just 2 minutes.
• There is no KYC The exchange doesn’t require any verification or KYC, but at the same time, suspicious activities are controlled by a KYC requirement.
• Safety: ChangeNOW, a non custodial exchange has no custody and control over your digital assets. It doesn’t store users’ funds or ask for personal details since sign-up or verification aren’t required. Therefore, while many exchanges can freeze your assets stored on them in case of some issues or price volatility, as seen during the LUNA crash, you’re the only one deciding what to do with your digital assets on ChangeNOW.
• Limits Are Adjustable Now: ChangeNOW says that although most exchanges limit trading, they offer unlimited trading. They claim all exchanges allow users to trade any cryptocurrency with more than 400 tokens and over 13000 trading pairs.
• The intuitive user interface: Simple and easy user interfaces for the ChangeNOW website as well as the app for Android, iOS and other devices are available. This interface allows novices to instantly exchange cryptos without hassle. The website and the app allow you to perform various functions depending on your expertise.
• Many payment options: You can make investments faster and easier by using various payment options such as bank cards or crypto deposits. You can use it to transfer EUR, USD and GBP as well as more than 55 fiat currencies via Visa or MasterCard.
• Balance: ChangeNOW has strived to maintain a healthy balance between compliance with laws and regulations and the users’ privacy and has managed to find the sweet spot.
• Contact Customer Service ChangeNOW’s customer support and service are some of the best on the cryptocurrency market. All queries and issues can be addressed quickly by the customer support team.

We are now available to changeNOW

ChangeNOW can be used by customers all over the globe. However, citizens of certain countries aren’t permitted to use it, including the United States, Cuba, Crimea, Sudan, Somalia, Burma, Yemen, Zimbabwe, the People’s Republic of China, Bangladesh, Iran, North Korea, Syria, and Bolivia. According to the exchange, it is prohibited for use by countries on the United Nations Security Council Sanctions List or equivalent lists.

It is accessible by anyone, regardless of where they are located. However, chances are that if the US government cracks down on it someday, the exchange won’t be able to assist you in any way.

How to use ChangeNOW

ChangeNOW is designed to allow even novice crypto users to swap tokens quickly and easily. Only a Metamask Wallet is required or any wallet listed in the ChangeNOW supported wallets. NOW Wallet and Guarda are supported wallets. In case you don’t have a crypto wallet, the exchange allows you to create one on the spot.

These steps will help you buy and sell crypto.

• Visit the ChangeNOW.io Homepage.
• Choose Buy/Sell crypto and then enter USD, or other fiat currencies supported from the drop-down menu.
• Once you’ve entered the required amount of fiat, select the cryptocurrency you want to buy and click on Buy.
• On the next page, enter the Wallet address where the cryptocurrency you’re going to buy will be stored. To avoid losing your tokens forever, make sure you enter an address that is valid for the wallet you manage.
• Select Next to verify the transaction details and finally click Confirm.
• You’ll be redirected to the payment gateway. VISA/MasterCard Debit and Credit cards are available to purchase an item immediately. SWIFT payments gateways take 3.5 business day.
• Once you’ve made the payment, your recently purchased cryptocurrency will be reflected in your wallet within a few minutes.

Congratulations! You’ve managed to buy your favorite cryptocurrency in a few easy steps without having to verify your identity or email address.

ChangeNOW: Swap cryptocurrencies

It is easy to swap cryptocurrencies with ChangeNOW. Follow these steps to exchange crypto, even the one that you have just bought, quickly and easily:

• Click on Exchange Crypto at the top of the page and choose your crypto and which one you wish to exchange it with from the drop-down lists.
• Enter the amount you want to swap, and the amount of the cryptocurrency you’ll get in exchange will be displayed.
• Exchange.
• Enter the address of the wallet you wish to use to send the cryptocurrency to. You should be aware that making a mistake could lead to irreparable losses. Check your wallet address twice before clicking on Next.
• Next, you will see all information about the swap including details on time and rate. Select Confirm.
• The exchange will take place within the time specified and tokens will appear in your wallet address.

The process of buying, selling or swapping cryptocurrency has never been so easy. The ChangeNOW network fees, unlike other swaps and decentralized exchanges such as UniSwap etc. are very low, and the maximum amount of cryptocurrency that you can exchange on the exchange is unlimited.

ChangeNOW Fee Breakdown

There are several fees that can be charged for swaps, such as network fees when deposits are made and funds transferred to liquidity providers. Trading fees may also apply. Finally, network fees will be used to transfer exchanged funds from the customer. ChangeNOW is the best and most economical way to do a swap. Fees will vary according to the amount of currency traded. The fee can be found when users enter their order details.

There are two options for exchange rates:

• Fixed Exchange Rate The floating rate is the amount of the exchange fee. This can fluctuate from time to time, however, if it exceeds 3% due to market volatility and network issues, then the transaction will be stopped. If this happens, you have the option to request a new rate (or a refund).
• Fixed Exchange Rate You can adjust the exchange rate to fix it for up to 20 minutes if you don’t want market volatility. This will cost you a bit more than the fluctuating rate, but you won’t have to worry about volatility or any network issues.

ChangeNOW Security

ChangeNOW is a non-custodial cryptocurrency exchange, so it doesn’t store user funds, eliminating the chance of being hacked. In case of hackings or cyberattacks, there are strong security safeguards. Users’ personal information received by the exchange is encrypted and stored in specialized secure storage. To prevent any fraud or illegal activities, a special risk management system is used to detect suspicious activity on the exchange.

It has not faced major problems and maintains a high level of security for users. This is even with no KYC or email verification.

ChangeNOW (NOW) Token Tokenomics

ChangeNOW uses its native token $NOW. The token, which was created in 2019, is needed to use ChangeNOW products, such as NOWWallet and NOWTracker. Moreover, it’s used to pay asset listing fees on ChangeNOW.

NOW went live on April 25th 2019, after being listed on IDEX. Soon after, it was added to the Binance DEX. Although NOW started out as an ERC-20 token initially, 50 percent of the supply was destroyed on Ethereum and then rereleased on Binance Mainnet. Your NOW ERC-20 tokens can be exchanged for Binance Smartchain NOW tokens free of charge.

On April 2, 2022, the NOW token reached an all-time high price of USD 0.124152. You can trade the token on Binance DEX or UniSwap. The majority of NOW tokens’ trade is against Wrapped Ethereum (WETH) in the trading pair NOW/WETH. Check the ChangeNOW price to see current price and market cap for NOW tokens.

Conclusion

ChangeNOW has been reviewed and found to be a safe, secure, and feature-rich crypto exchange. This allows you to quickly and easily swap digital assets with no registration. You can also use their wide variety of services such as Asset Listing, Lightning NOW and NOW nodes.

ChangeNOW is a great way to use crypto power without having to worry about privacy.

To learn more about DeFi, visit our detailed guide, “What Is DeFi.” If you want to learn how to manage your crypto portfolios and select the best portfolio tracker, check out the CoinStats guide “Crypto Portfolio Trackers.” If you’re just starting your crypto journey and are confused about which exchanges and crypto wallets to use, you can find all the information on our “Wallet and Exchange Reviews.”