Changelly is a non-custodial cryptocurrency exchange that was launched in 2015 by Konstantin Gladych and Ilya Bere. Eric Benz currently serves as the exchange’s Chief Executive Officer (CEO). As it is a non-custodial exchange, acting as an intermediary between investors and other cryptocurrency exchanges.
With an emphasis on security, Changelly offers users more than 150 assets and offers an attractive fee rate for potential investors, with a 0.5% fixed rate for exchanges between different cryptocurrencies. The exchange also offers 3 other products: an affiliate section, an exchange widget and an API for developers. The API can be used to enhance offerings of other businesses by letting them utilize Changelly’s instant swap feature.
Changelly also supports fiat currencies, and users can use credit and debit cards to buy assets. However, the fees for such transactions are higher than that of crypto-based purchasing, as Changelly uses third party services to facilitate these transactions. Fiat transactions do have limits, with the daily limit being $20,000 and the monthly limit being $50,000.
To that end of offering the feature as widely as possible, Changelly has partnered with several entities in the space, including Binance, Coinomi, Enjin, Exodus, Ledger, Loopring, MyCrypto, OKEx, Ontology and Trezor.