ChangeNOW Review: Swaps, Trading Fees & More

Updated: Dec 7th, 2021
Kevin Groves
Kevin Groves
ChangeNOW Review: Swaps, Trading Fees & More

Creating an account with a cryptocurrency exchange and submitting identity documents can be a daunting prospect for certain investors. An alternative method is to use a non-custodial service to swap crypto coins instantly without KYC. In this ChangeNOW review, we will assess the popular crypto trading platform used by hundreds of thousands of people worldwide and provide an overview of its features, user-interface and trading fees.

ChangeNOW

Trading Fees:0.5% - 1.5%
Country:Global (USA allowed)
Currency:USD, GBP, AUD, NZD, JPY, EUR & others
Promotion:None available at this time

Key Features

  • Easy, safe and convenient way to swap cryptocurrency
  • Beginner-friendly design that is suitable for all experience levels
  • More than 10,000 cryptocurrencies pairs to exchange
  • Swapped assets are transferred directly to personal hardware wallet
  • Account creation and ID verification is not required to swap assets

ChangeNOW is a well known and popular crypto swap platform that is used to instantly exchange one crypto to another, without limits or registration. Users have the luxury of swapping hundreds of different cryptocurrencies in a matter of minutes directly to a hardware wallet. The exchange has a fiat-to-crypto gateway to facilitate direct purchases with credit cards using traditional financing.

Key Features

  • Easy, safe and convenient way to swap cryptocurrency
  • Beginner-friendly design that is suitable for all experience levels
  • More than 10,000 cryptocurrencies pairs to exchange
  • Swapped assets are transferred directly to personal hardware wallet
  • Account creation and ID verification is not required to swap assets

ChangeNOW is a well known and popular crypto swap platform that is used to instantly exchange one crypto to another, without limits or registration. Users have the luxury of swapping hundreds of different cryptocurrencies in a matter of minutes directly to a hardware wallet. The exchange has a fiat-to-crypto gateway to facilitate direct purchases with credit cards using traditional financing.

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This post contains affiliate links with our partners who may compensate us. Read our disclaimer for further information.

Before getting started, we recommend using a Bitcoin hardware wallet such as the Ledger Nano X when trading cryptocurrency. If you don't have a wallet, read our guide on the best cryptocurrency hardware wallets.

What Is ChangeNOW?

ChangeNOW is a non-custodial service that is widely known for their instant and simple-to-use crypto-to-crypto service. The platform offers competitive trading fees, has over 500 cryptocurrencies available to exchange and does not hold any limits. You can swap as much crypto as you want such as Bitcoin to Ethereum or another cryptocurrency instantly and without any lengthy sign-up process. ChangeNOW allows you to buy cryptocurrency using a debit/credit card (Visa or MasterCard) through a third-party partner and receive directly to your hardware wallet.

changenow websitechangenow website

How Does ChangeNOW Work?

ChangeNOW aggregates crypto prices from the world's largest and most popular trading exchanges. It will search for the best possible at the time price and locks it in until the user completes the transaction and it is confirmed on the blockchain.

how changenow workshow changenow works

Is ChangeNOW Legit?

ChangeNOW appears to be a legitimate crypto exchange service that has been successfully operating since 2017. The online crypto platform has gained the trust of users from all over the world and continues to grow. The ChangeNOW platform and its mobile app attract hundreds of thousands of visitors monthly according to its website.

ChangeNOW Compared

Beginner friendly and ease of use are an important features on ChangeNOW. This comparison table lists other popular crypto exchanges that allows users to swap crypto instantly using a simple to use website.

ID Verification Requirements

There is no requirement to create an account or complete a Know Your Customer (KYC) process if swapping crypto to crypto. However, if you use ChangeNOW to convert fiat currency into digital assets, a ID verification process will need to be completed as per financial regulations. To verify your account, the following documents can be uploaded:

  • International passport
  • National ID card
  • Driving license

Supported Coins

ChangeNOW supports over 500+ cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Ripple, EOS, Stellar, Monero and many others. The pairings against the different altcoins equate to more than 10,000 crypto pairs that can be exchanged. To view the full list of supported cryptocurrencies, you can visit the available coins page. Compared to competitors such as Exolix, the number of supported coins on ChangeNOW is excellent.

How To Swap Cryptocurrency Using ChangeNOW?

The process to exchange cryptocurrency on ChangeNOW is easy to do and even a beginner can swap crypto such as from Bitcoin to Ethereum in a matter of minutes. To start, users will need to visit the ChangeNOW website and use the widget on the homepage as shown below.

changenow swap cryptochangenow swap crypto

To swap crypto instantly, use the drop down arrow to select the cryptocurrency that you want to swap (or sell) and the amount. Then, following a similar process select the crypto you wish to buy. You will see that the amount will automatically populate in the 'You Get' box. The amount will differ depending on the rate you chose, which we will explain further in this review article. To proceed to the next step, click on 'Exchange'.

Here, the transaction details will appear again which you can choose to modify. Otherwise, you can enter in the address to send the cryptocurrency which you are about to purchase. It is best that you send the crypto direct to your hardware wallet, so enter in the address as shown below.

changenow transfer cryptochangenow transfer crypto

Once you have entered your wallet address where you will receive the cryptocurrency, the next step is to confirm the order. Before you confirm the order, ensure your wallet can accept that cryptocurrency. For example, if you want to purchase Ethereum, you will need to enter in your Ethereum address, not Bitcoin or another crypto. Otherwise, your coins can be lost and difficult to recover. Once you are satisfied with the order, accept the T&Cs and click on 'Confirm'.

changenow confirm swapchangenow confirm swap

The final step is to deposit the crypto that you want to sell (swap) to the ChangeNOW address. When your payment is completed, ChangeNOW will send the crypto to your designated wallet address. Orders take about 5-10 minutes to process, subject to the load on the blockchain network. If you don't receive anything in your wallet for a few hours, make sure to contact the ChangeNOW help desk.

changenow deposit cryptochangenow deposit crypto

Credit & Debit Card Purchases

ChangeNOW acts as a fiat-to-crypto-exchange to allow users to purchase crypto with a fiat currency such as USD, GBP, AUD, NZD, JPY, EUR and many more. Users can purchase crypto on ChangeNOW using a debit card or credit card through their partnership with Simplex.

To buy crypto with a debit card, follow these simple steps:

  1. Choose your currency from the widget (e.g. USD or EUR)
  2. Enter the amount of fiat you want to spend and select the crypto you want to buy
  3. ChangeNOW will calculate the estimated final amount with the best exchange rate
  4. Review the rate displayed and the amount of crypto you will receive
  5. Type in your cryptocurrency wallet address and email address
  6. Fill in your debit/credit card details (i.e. VISA or Mastercard)
  7. Complete the Simplex verification process and submit identification documents
  8. Complete the transaction and receive the crypto directly in your wallet

What Are The Fees?

Trading Fees

Exchange fees need to be evaluated before deciding to use a cryptocurrency exchange. This is important when swapping a large amount of crypto to another crypto. The website does not state the crypto swap fees. However, based on our calculation, we estimate the conversion or swap fee is between 0.5% to 1.5% (at the time of writing) which are included in the proposed swap.

Credit Card Purchase Fees

If you purchase cryptocurrency using a debit or credit card, there is an additional fee of approximately 5% is applied in addition to ChangeNOW's fee. Therefore, the overall fees to purchase crypto using the platform is quite high.

Deposit & Withdrawal

As ChangeNOW does not have its own wallet to store cryptocurrencies, there is no deposit or withdrawal fees. There is a minimum network fee that is determined by the blockchain. This fee varies depending on the network load and for each crypto coin.

Frequently Asked Questions

ChangeNOW appears to be a safe cryptocurrency exchange that is non-custodial. This means users’ funds are NOT stored by the platform which reduces the risk of fraud, theft and hackers. Suspicious user activity is detected on the platform, an internal risk management system will be triggered that will require the user to provide additional KYC verification.

ChangeNOW is a supported exchange in the United States and other countries around the world such as the UK, Australia, Europe and Canada. If you are unsure whether ChangeNOW is available in your country, visit changenow.io/terms-of-use for more information. 

Conclusion

To conclude our ChangeNOW review, using the online platform to swap crypto to crypto is simple and without any hassles or complications. The widget on the homepage is suited to investors of all ages and the best part is you do not have to create an account to swap crypto.

Visit ChangeNOW

For those looking to purchase Bitcoin or another altcoin, the platform makes it possible to use a debit or credit card only. We do suggest using other deposit methods as the trading fees are high. Also, keep in mind that you need to submit identification to prove your identity when purchasing crypto with a national currency.

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Kevin GrovesKevin GrovesKevin Groves

Kevin is the founder and chief editor at HedgewithCrypto that he started in 2019 which has reached over 1.5 million visitors worldwide. He is passionate about cryptocurrency as an emerging technology and is heavily involved in the fast-growing fintech space. An experienced trader growing his portfolio since 2016, he has a strong understanding of investing in the crypto market using exchanges, brokers and derivatives platforms.

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