At its core, business is all about providing value to others by solving a problem and profiting from it. The more problems that are solved, the more money that is made. There are definitely numerous moving parts with regards to the strategy, planning, and execution of a business though. However, in the grand scheme of things, that's the function of a business: to solve problems.
Let's look at some examples.
Apple is solving the problem of one's feeling of higher social status or a sense of fashion. You can always buy a PC or Android but they're not going to exude a sense of "style" or "status."
Amazon's solving the problem of convenience. Why spend the time to go to the store when I can just buy it in one click and have it delivered by tomorrow?
Netflix is solving the problem of entertainment. There are a plethora of options to entertain you with.
Those are very simple and generic answers but they should give you an idea of what problems those companies are solving.
Now you're probably thinking, "Great to know. But how exactly does this relate to the title of this post?"
Well just as each business sets out to solve a particular problem (or a set of problems), this is no different with ChangeNOW. ChangeNOW is a trustworthy website where they make it easy and convenient to swap a variety of coins within a matter of minutes while staying anonymous.
If you're someone who's looking for a platform that checks those boxes then ChangeNOW may be of interest to you.
In this post, I'll be walking through step-by-step on how to swap your crypto with them.
Upon going to their website, you'll be presented with a homepage that looks like this:
What's great about ChangeNOW is that they support well over a hundred different cryptocurrencies. You can check out the full list of cryptocurrencies here: https://changenow.io/currencies. However, these are their most popular exchange pairs:
The photo was taken directly from the bottom of their homepage.
To swap coins, you can easily do so within 5 simple steps:
The photo above was taken directly from here.
Now that you understand the process, let's take a look at an example of how it works. I swapped 5 USDT for some ETH.
I first changed the top drop down menu to "USDT" and then the bottom drop down menu to "ETH." After I entered "5" in the box next to USDT and it automatically gave me the ETH value I would be receiving. Next, I clicked the "Exchange" button.
I was then brought to a page where I needed to enter my ETH address where I wanted to receive my ETH. After I entered it in, I clicked the "Next" button.
Following that, I was brought to a page to review my receiving ETH address and to check that I was indeed on a legitimate ChangeNOW website. I double checked everything and clicked the "Confirm" button.
I was then presented with a page where it gave me an address to send the 5 USDT to and the status of the swap. After I sent it and ChangeNOW received it, they exchanged it for ETH and then sent it to my receiving wallet address. This can be seen in the next few photos.
Upon the completion of the transaction, I was then sent to a summary page of the transaction.
The whole process took about 5 minutes from the time I had sent my USDT to receiving the ETH in my wallet. Initially it said that I would get 0.0191592 ETH for the 5 USDT but I ended up only getting 0.0191432 ETH. I guess it's because of the miner fees.
Overall I had a pretty pleasant experience with ChangeNOW. Initially, I was skeptical about ChangeNOW because of the numerous horror stories I've read of how people have sent crypto to a swap service but only to later find out that it was a scam site. They're obviously not a scam site as I did end up receiving my ETH.
In terms of the fees though, I will say that they can be expensive depending on the amount that you plan on swapping. I guess that's the price that you pay for what they offer: ease, convenience, anonymity, speed and trust.
Here's a video about them:
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