ChangeNOW: The BEST Non-Custodial Crypto-Exchange
ChangeNOW

ChangeNOW: The BEST Non-Custodial Crypto-Exchange

By Mr_SauravKT | Lets Go Crypto | 11 Jul 2020


  • Wanna Know where to buy Crypto instantly?
  • Wanna Know where to exchange your Crypto right away just in a jiffy?
  • Wanna Know where to exchange your Fiats to crypto or Crypto to Fiats?

If Yes, this is the right article for you… Just keep on reading the article and you’ll get to know everything you need…!

What is Crypto-Exchange?

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A crypto exchange is exactly what it sounds… In general terms, it is the place where CryptoCurrencies are Exchanged. It is a website or an app, generally, for giving another crypto, suppose bitcoin and receiving another crypto, suppose Ethereum.

In a deeper sense, A crypto Exchange is a platform that is used by people to trade Bitcoin, Ethereum, Litecoin or any other digital currencies. Hence, it is also known as Digital currency exchange. A cryptocurrency exchange is any system that operates on the basis of trading cryptocurrencies with other assets.

According to Wikipedia,

A cryptocurrency exchange or a digital currency exchange (DCE) is a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies. A cryptocurrency exchange can be a market maker that typically takes the bid-ask spreads as a transaction commission for its service or, as a matching platform, simply charges fees.


Centralized and Decentralized Exchanges

There are mainly two types of Exchanges: Centralized Exchanges and Decentralized Exchanges:

Centralized Exchanges: 

As the name says “Centralized”, everything in this exchange is controlled, owned, and maintained by a central body. These ones are the most common, as the largest crypto exchanges in the world belong to this type. BinanceBitfinexKraken — all of these platforms are centralized. They have a centralized operator, which is responsible for the security of assets*, upgrades, functionality, etc. They run on a centralized software; they have one central server which runs all particular operations.

*Therefore, these exchanges are very much prone to different hacks, such as the famous Mt.Gox. Hence, these exchanges are unsafe for keeping your funds right there.

Decentralized Exchange: 

As for the name “Decentralized”, it is neither owned nor controlled by a central body or particular company/person. These exchanges are just opposite to Centralized. There is no single company/firm/person controlling them*, the whole exchange is a set of smart contracts that allow for the trustless exchange of tokens.

*Therefore, they are less prone to hacks in comparison to Centralized exchanges. And, you don’t need to keep your funds in these exchanges.


Custodial vs Non-Custodial Exchanges

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The word “custody” means “the protective care or guardianship of someone or something”. As for the word, custodial means something that is controlled not only by you but also by someone else. While non-custodial means that you are the guardian of the particular thing*. No one except you can control those particular things.

*In this sense, the particular thing refers to your assets/crypto/funds or simply your private keys.

Custodial Exchanges: 

Simply termed, they are nothing different from Centralized ExchangesYou don’t have your Funds right with you, because these exchanges don’t provide you with your private keys. They are the ones to keep your private keys.

A renowned person has said, “If you don’t own your keys, you don’t own your coins!” And, this statement is really true, not only for Bitcoin but also for all other cryptos. So, it’s better worthless using it, but still, it has some advantages like you don’t need to remember your private keys.

Non-Custodial Exchanges: 

As for general, these exchanges are just the way similar to Decentralized Exchanges. You have all your crypto assets and your funds right there at your fingertips because these exchanges never keep your private keys with them. You are the only one to have access to your private keys or Funds.

They are the safest and secure Exchanges because there are very very less chances of being hacked or losing your funds because only and only you have access to your Keys. It has a lot of advantages like lowest transaction fees, etc. but, you must remember your private keys.


ChangeNOW Overview

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ChangeNOW is a custody-free multi-currency decentralized exchanging platform. It means ChangeNOW is a non-custodial exchange that supports exchanging with 200+ cryptocurrencies.

ChangeNOW is a fast and user-friendly crypto-to-crypto and Fiats-to-crypto exchange that allows users to instantly swap cryptos without any limits via their websiteapp, or Telegram Bot. It also allows users to buy, sell, or exchange Cryptocurrencies without registering in the platform or without completing KYC*. Its interface is so simple that even a person who is unknown to cryptocurrencies can do an exchange very easily without any problems.

*Except for some cases. It protects the data privacy of its members by following strict KYC/AML procedures with selective KYC-checks.

ChangeNOW is owned by a company incorporated in Seychelles; CHN Group Limited. It was launched in 2017, with the sole objective of providing simple and fast cryptocurrency swaps. ChangeNOW exchange offers its services to members worldwide* and the website supports 28 different languages including English, Spanish, French, German, Filipino.

*Except for the people United States of America (USA), Cuba, Iran, North, Korea, Crimea, Sudan, Syria, Bangladesh, and Bolivia.

Main Features:

ChangeNOW is an innovative and user-friendly instant exchange that offers you some of the best rates as well as a quick and convenient service. Here are some of its key features:

  • Registration-free: It provides its services to its users without the need of registering to their website.
  • Simple and Instant: Its interface is so simple and easy to understand that even a newbie can perform an exchange within 2 minutes.
  • Limitless Exchange: Anyone can perform the exchange as many times as they want. Hence, it lets you swap as much as you want.
  • Non-custodial Services: It doesn’t store your Digital assets and hence, requires you to have your wallet for storing cryptocurrencies, which is great for alleviating security risks.
  • More than 200 cryptocurrencies: You can trade Bitcoin, Litecoin, Ethereum, XRP, USDT, Monero, Tezos, BNB, EOS, and more than a hundred other top altcoins.
  • Low Minimum Exchange Amount: By using ChangeNOW, you can exchange your crypto right from a minimum of 2$.
  • Ability to buy cryptocurrencies with a bank card: It partners with Simplex, so that, you can buy any cryptocurrencies directly with any VISA or Mastercard card.
  • Android app and Telegram Bot available: It has a handy mobile app and a Telegram Bot which is even slicker than it’s a website so you can perform instant coin swaps on the go.
  • 24/7 Support available: It has a 24/7/365 active Support Team to which you can contact them anytime by using their email, Live Chat, Telegram support, or Helpdesk.

Supported Currencies

The top cryptocurrencies supported by ChangeNOW are given below:

Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), EOS (EOS), Zilliqa (ZIL), Augur (REP), 0x (ZRX), ICON (ICX), Komodo (KMD), DigitByte (DGB), Paxos Standard Token (PAX), Verge (XVG), Internet of Services (IOST), Aeternity (AE), Binance Coin (BNB), Bitcoin SV (BSV), Tether (USDT), Stellar (XLM), TRON (TRX), Cardano (ADA), Monero (XMR), Dash (DASH), IOTA (IOTA), Cosmos (ATOM), EthereumClassic (ETC), Tezos (XTZ), Neo (NEO), NEM (XEM), Maker (MKR), Ontology (ONT), Zcash (ZEC), BitcoinGold (BTG), Basic Attention Token (BAT), VeChain (VET), Chainlink (LINK), Dogecoin (DOGE), USD Coin (USDC), QTUM (QTUM), BitTorrent (BTT), OmiseGo (OMG), Decred (DCR), Holo (HOT), TrueUSD (TUSD), Waves (WAVES), Ravencoin (RVN), Lisk (LSK), Bitcoin Diamond (BCD), Nano (NANO), and others…

To get the full list of coins and tokens supported by ChangeNOW, kindly check out their list right here.


How does it work?

They are created by a team of experienced blockchain developers, ChangeNOW is a fully secure service with a twist — they’re completely registration-free. This allows their clients to avoid identification or financial theft. They offer the best rates on the market, as we use reliable cryptocurrency trading platforms.

ChangeNOW is integrated into multiple cryptocurrency trading platforms, including Binance, Bitfinex, Huobi, and OKEx. At the moment of the trade, we’ll choose the best exchange rate on the market at any given moment and offer it to you.


ChangeNOW Fees

The fees charged by ChangeNOW are not much in comparison to other Exchange services, However, their fees are not clear at the time of swap. Its Fee rate varies from 0.5% to 1%, which is not much, depending on whether you choose Classic Rate or Fixed Rate


Conclusion

ChangeNOW is completely a secure non-custodial exchange that allows you to exchange your cryptos just in few minutes. You don’t need to care about the security of your funds, because their system is mainly focused on their security. Therefore, I personally suggest you give it a try, because, in my opinion, it is the best Crypto Exchange.

Click here to Visit ChangeNOW.

Also, you can follow me on Twitter to get the latest updates on it.


Mr_SauravKT
Mr_SauravKT

A crypto Lover... A Good GUY...


Lets Go Crypto
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