The crypto sphere is a modern home to humans that seek a different and better way of saving or investing their money. In the crypto space, there are the true believers and deep-minded speculators, the idealists and the opportunists, the HODLers, and the traders; these people come together to make the crypto space interesting and worth taking a look at.
However, just like banks and several monetary institutions have been governing our funds, the crypto space also has its funds governance institutions albeit in a different way, THE CRYPTO EXCHANGES.
Crypto Exchanges were the first and most essential move made on the crypto space. Their task is to make any crypto business model complete. Nonetheless, they're much more than utility platforms for crypto acquisition, sale, and gambling. Exchanges are some of the most iconic brands in crypto space and are led by some of the industry's most well-known and debated figures. One of such exchanges is ChangeNOW.
ChangeNOW
ChangeNOW is a cryptocurrency exchange that helps individuals swap crypto coins instantly without any limitations. It is run by an organization named ChangeNOW International Ltd, registered in Belize, Central America. In 2017, ChangeNOW was launched and with the sole aim of making cryptocurrency swaps easy and fast. While the exchange offers non-custodial assistance, it does not store the user's digital assets.
Amazing Features of ChangeNOW
- Best Rate: Once they realize the world is looking at their direction, most cryptocurrency exchanges start offering absurd and ridiculous transaction rates to their customers but not ChangeNOW. ChangeNOW, despite its huge popularity is known to provide reliable and best transaction rates to its users and it helps in user retention.
- The Exchange is non-custodial: ChangeNOW is an instant exchange platform that is non-custodial and allows you to own your wallet and to store cryptocurrency with it, which is perfect for lessening security risks.
- Exchange Quick and Conveniently without registration: ChangeNOW helps you to buy and trade cryptocurrencies without having to first create an account or performing any unnecessary Know Your Customer (KYC) tests (unless you do anything very fishy).
- Over 200 Coins listed and about 40,000 Trading Pairs: Bitcoin, Ethereum, Litecoin, USDT, XRP, Tezoz, EOS, BNB, Monero and more than a hundred other top altcoins are tradable on ChangeNOW.
- Efficient Mobile App: ChangeNOW's mobile app is much more convenient than a website, and you can make instant coin trades as easy and simple as possible.
- No Restrictions on transactions: ChangeNOW argues that trade caps are bad, which is 100% accurate. So, it helps you to exchange favorite cryptos to your satisfaction.
- Freedom to use a Credit Card to purchase coins: ChangeNOW is indeed a perfect choice if you are trying to use a bank card to purchase cryptocurrencies. It has collaborated with Simplex because of this and you can pay directly with either Mastercard or VISA.
It doesn’t matter if you are a novice or an expert in the space, ChangeNOW makes it very easy and understandable for all its users.
How does ChangeNOW works?
You must recall reading about ChangeNOW’s feature of providing services even without creating an account with them and might be curious to know how possible that is. Well, ChangeNOW handles your transactions in the following way:
- It calculates and determines for you the best exchange rates available.
- You transfer the funds to your ChangeNOW wallet.
- ChangeNOW then trades your coins utilizing its collaborations with top cryptocurrency platforms and service providers.
- ChangeNOW sends back your swapped funds to the wallet address you provided.
ChangeNOW has a dedicated Application Programming Interface (API) for wallets and other crypto-platforms as well. They provide a NOWPayments service, enabling traders to conveniently embrace custody-free cryptocurrency transactions.
NOW Token
The NOW Token is a product of ChangeNOW cryptocurrency exchange and its primary purpose is to serve as an internal currency for NOW services and to gain additional benefits such as:
- Good exchange rates
- More effective customer service
- Unique offers
- Vote opportunity for assets listing
- Prizes, giveaways, and campaign promotional offers
- Better conditions for affiliates
The NOW Tokens are currently distributed on two chains; Ethereum (ETH) as an ERC20 token and Binance Chain (BNB) BEP2 model of coins. Originally, it put into circulation 200 million NOW tokens, 100 million per series.
In conclusion, ChangeNOW provides an open, quick, easy cryptocurrency trading incorporating a vast array of assets. The network is efficient and not overhyped. Trades are quick, accurate and confidential, ideal for people with the intentions of easily and instantly switching their coins and tokens.
Remember that it might be prudent to invest more time on cheaper, more complicated platforms if you are trying to do larger trades. The company has a promising future as it strives to connect with 3rd party wallets, introduced a native token, and build payment platforms for customers.
