ChangeNOW is a non-custodial exchange founded in 2017, offering a suite of crypto-related products for individuals and enterprise users including crypto-to-crypto swaps.

Our ChangeNOW review explores if this platform is the right fit for you; we’ll explore the ChangeNOW fees, how many cryptocurrencies it supports, customer service, and other notable core features. 

CHN Group Limited, the parent company of ChangeNOW, is a privately held company headquartered in Seychelles and with offices in the Netherlands.

ChangeNOW is non-custodial, meaning that you —and not exchange— hold the private keys of your crypto (private keys are similar to passwords that represent asset ownership).

Non-custodial exchanges have numerous advantages. You don’t have to worry about losing your funds due to a cyber-attack, having your account access denied, or having your assets deliberately frozen.

ChangeNOW is a partner of numerous elite players in the crypto industry, including Binance, Trezor, Atomic Wallet, Ledger, Huobi, and many more.

Is ChangeNOW available for all countries?: The exchange is available for a wide range of countries, but there are some exceptions: Cuba, Iran, the USA, Crimea, Sudan, Syria, Bolivia, Bangladesh, Yemen, and North Korea

Can I buy crypto using a credit card on ChangeNOW?: ChangeNOW supports credit card purchases thanks to its third-party partners: Simplex and Guardarian.

Who are the founders of ChangeNOW? CHN Group Limited is the founder of ChangeNOW.

Is ChangeNOW legit? How safe is it?: Yes, ChangeNOW is a legit company; it uses numerous security protocols to protect its customers.

The main dashboard is intuitive and easy to navigate. You’ll find the exchange section directly on the main page. To use it, enter the number of cryptos you want to exchange for the over 450 cryptocurrencies.

Once you’ve selected the cryptos you want to trade, click on Exchange to be redirected to a checkout page where you’ll have to reconfirm the amount and paste the recipient’s wallet (you can also use a QR code).

It’s without hidden fees. The transaction time will depend on the cryptocurrency’s respective network. For example, if you’re receiving Ethereum or Ethereum-based tokens, it would take around 10 to 15 min for the Ethereum blockchain to settle the transaction. 

Once you confirm the trade, your coins will be on the way. While it’s not mandatory, it wouldn’t hurt to leave your email address below the page to receive a notification from the exchange once your funds reach your wallet.

Additionally, you can paste your ETH wallet below the page to receive bonuses in the form of NOW tokens (we’ll expand on the token in another section). These bonuses give users access to exclusive features such as fixed rates, accelerated customer support, and new coin listings. 

We previously stated that users don’t need to go through a Know Your Customer (KYC) process to use the exchange. While this applies to crypto-to-crypto trades, fiat-to-crypto requires a third-party payment processor, so a registration procedure is required. 

ChangeNOW conducts fiat-to-crypto trades thanks to two third-party partners: Simplex, a licensed financial institution, and Guardarian, another licensed payment gateway entity.

The registration process is straightforward:

ChangeNOW has more to offer than just swapping cryptocurrencies instantly. Some notable features are:

The NOW token is ChangeNOW’s utility asset and comes in two versions: an ERC-20 for the Ethereum ecosystem and a BEP-2 for the Binance Chain. Users can exchange NOW tokens within the platform or use them to buy products and services.

Users can also stake NOW tokens on the ChangeNOW platform and receive 25% ROI (return of investment). It’s a progressive interest accrual scale —the more time you hold NOW, the bigger the rewards.

The NOW wallet allows users to store more than 450 cryptocurrency coins and tokens, including Non-Fungible Tokens (NFTs). 

The NOW wallet is also compatible with multiple blockchain ecosystems, including Ethereum Polygon, Avalanche, Solana, Binance Smart Chain (BSC), and TRX. Besides moving and storing crypto, users can also interact with dApps (decentralized applications) on these blockchains via QR code.

ChangeNOW has an official Telegram Bot that allows users to swap crypto on their phones or desktops with no additional costs or hidden fees.

NOW Payments is an enterprise-grade solution for companies that want to receive payments in cryptocurrency. It offers clients support for over 100 coins and tokens, automated conversion from crypto to fiat, low fees starting at 0.40%, 24/7 support and no chargebacks. It’s also easy to set it up by choosing an integration type and adding a pay button on your website.

ChangeNOW allows you to take out loans in two stablecoins: USDT and USDC, and use your cryptocurrency as collateral. NOW Loans come with a few benefits:

By joining ChangeNOW Affiliate Program, you can leverage several options to help your business or website grow. These include: 

Naturally, each crypto exchange has its set of pros and cons. Let’s outline them below:

Pros explained:

Cons explained:

ChangeNOW offers customers several ways to contact customer support, including a Help Center, FAQ, and fast 24/7 live chat support. 

It also ranks well on Trustpilot with over 7000 reviews. 89% of reviewers have marked it as Excellent.

As you might have noticed, ChangeNOW is not only for exchanging crypto and fiat; it also offers a wide array of crypto products and services. ChangeNOW’s founding team has partnered with some of the largest entities in the cryptocurrency industry, giving users an air of security and professionalism.

Overall, ChangeNOW is a solid option to swap cryptocurrency, but its wide range of features makes it an appealing platform for boosting online businesses and social media blogs.

However, as with any custodial platform, be aware of the risks of third party custody.

The post ChangeNOW Review 2022: Crypto Swaps, Lending, Trading and More appeared first on CoinCentral.

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