ChangeNOW.io - Crypto exchange without (KYC) Ultimate Guide (2022)

 ChangeNOW.io - Crypto exchange without (KYC) Ultimate GuideChangeNOW.io - Crypto exchange without (KYC) Ultimate Guide



ChangeNOW.io - Crypto exchange without (KYC) Ultimate Guide


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ChangeNOW is a simple and fast instant cryptocurrency exchange service.

crypto exchange without KYC, and your exchange will have no limits. You'll


quickly convert more than 170 coins without charging any additional or hidden


fees. ChangeNOW is a non-custodial, no-registration cryptocurrency exchange


that allows you to trade More than 50,000 trading pairs, But is ChangeNOW


truly risk-free? Is it true that no KYC is required? How simple is it to purchase


bitcoin with ChangeNOW? Finally, what is the NOW token, and how does it


work? In this ChangeNOW.io exchange review, you'll find answers to these and


other important questions.




Table Of Contents



- General info

     - Pros & Cons

     - Key Features

     - Where is ChangeNOW Located?

     - Is ChangeNOW Available in the World wild?

     - ChangeNOW Fees

     - Security

     - How ChangeNOW Works

     - How does ChangeNOW work? (step by step)

     - Is ChangeNOW Reliable?

     - Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy

     - Usability and Design

     - ChangeNOW's innovative Products

     - ChangeNOW’s NOW Tokens

     - Deposit and Withdrawal Methods

     - Customer Support

     - Conclusion




General info



Web Address:  changenow.io

Main location:  Providence, Mahé, Seychelles

Supported fiat:  USD/EUR card

Buy method:  VISA or MasterCard, It may be a pre-paid

minimum exchange amount:  $2 for some transactions

Transaction Fees: transaction cost ranges from 0.5% to 4%

Purchasing Fees: Simplex chargers 5% for each purchase (at least $10)

                                ChangeNOW charges 1% for such purchases.

Has token:  NOW Token

Mobile app available: Yes

Support contact:   Link



Pros & Cons


Pros

Easy to use and understand There are  More than 50,000 trading pairs, Non-

Non-custodial swapping, No registration is necessary and costs are quite

affordable. Outstanding client service.

Cons

No ability to sell crypto-to-fiat Large swaps may be paused for KYC/AML checks

no integrated custodial wallet.



Key Features


ChangeNOW is a user-friendly and innovative instant exchange that provides some

of the finest prices as well as a rapid and convenient service. Here are some of its

most important features:


Crypto exchange without KYC, you can exchange money quickly and easily


ChangeNOW allows you to buy and sell cryptocurrencies without having to

 register.

 an account or complete any unnecessary Know Your Customer (KYC) checks
(unless you're doing something exceedingly suspicious)


Non-custodial exchange. ChangeNOW is a non-custodial instant exchange
that requires you to have your cryptocurrency wallet, which is fantastic for

 reducing security threats.


There are over 170 cryptocurrencies and 50,000 trade pairs to choose from
 Bitcoin, Litecoin, Ethereum, XRP, USDT, Monero, Tezos, BNB, EOS, and over a
 hundred more popular cryptocurrencies are all available for trading. Almost

every market pair can be traded at ChangeNOW It can assist you in avoiding

numerous It can assist you in avoiding numerous swaps, which is a major

problem with custodial exchanges.


There are no restrictions on how much you can exchange. ChangeNOW

Believes that exchange claims that exchange limits are lame, which is 100%

true. Hence, it lets you swap as much as you want.


 Apps for mobile devices are quite useful. ChangeNOWs Android and iOS

apps are even slicker than a website version of the exchange, allowing you

 to make fast coin exchanges on the go.


 The ability to purchase cryptocurrency with a credit card. If you want to buy
 partnered cryptocurrency with a bank card, ChangeNOW is a wonderful 

  alternative For this, It has partnered with Simplex for this, allowing you to pay

  with any VISA or Mastercard card.


Whether you're a seasoned bitcoin pro or a cautious newcomer, ChangeNOW has something to offer everyone. While As regulatory scrutiny grows, there is less and less room for moving cryptocurrencies rapidly, privately, and securely. ChangeNOW manages to stay compliant while also protecting its customers' interests.



Where is ChangeNOW Located?


ChangeNOW launched in the wild crypto year of 2017. The company is incorporated under the name CHN Group Limited and is located at Global Gateway 8, Rue de la Perle, Providence, Mahé, Seychelles.


The company also has a location in Amsterdam, Netherlands, at Kraanspoor 50, 1033 SE. If you need to contact them, you can do so using phone, email, or social media platforms such as Twitter, Facebook, Reddit, Telegram, and others.



Is ChangeNOW Available in the World wild?


ChangeNOW is available worldwide, according to the company's website. To trade, you only need a smartphone, an internet connection, and a cryptocurrency wallet. Background checks, registration, and compulsory KYC are not required.


Individuals using the exchange's services, however, cannot be citizens or residents of countries included on the United Nations Security Council Sanctions Lists or their equivalents, according to the exchange's terms and conditions. The following countries are all prohibited:

  • Cuba
  • Iran
  • North Korea
  • Crimea
  • Sudan
  • Syria
  • Bangladesh
  • Bolivia
  • The United States  

As you can see, even though the website does not geoblock its users, ChageNOW is not available in the United States. Essentially, ChangeNOW is unlikely to block you from using it, but the exchange may not be on your side if things go wrong.


Last but not least, it is highly likely that you may use the service in your native tongue - the ChangeNOW website is available in 28 languages.



ChangeNOW Fees


ChangeNOW's services are reasonably priced. Depending on whether you choose a classic or fixed exchange rate, the transaction cost ranges from 0.5 percent to 4 percent.


Classic rate. a classic rate exchange uses the best available rate on the market. It is subject to fluctuation due to changing market conditions and network fees. As a result, you can never be sure about the precise amount of coins you’re going to get per single swap.


Fixed-rate. swaps do not fluctuate in value, so you get exactly what you pay for when you start the transaction. However, if you want a guaranteed rate, you'll have to pay a higher spread.


You get charged only if the swap is executed successfully. The expenses are already factored into the current exchange rate, which includes blockchain transaction costs. This is nice because there are no fees for deposits or withdrawals, nor are there any other hidden expenditures.


If you decide to use your bank card to buy bitcoin or any cryptocurrency with ChangeNOW, you will face the following transaction fees:


  • 5% Simplex processing fee or a minimum of USD 10 per transaction.
  • 1% ChangeNOW service fee.
  • Blockchain transaction fees.



Source: ChangeNOW.io





Security


Because ChangeNOW does not hold your assets and does not require

registration, it is more secure than most centralized cryptocurrency exchanges.

Because everything you exchange is transferred back to the wallet you provided,

it is up to you to keep your assets safe. And, given that most centralized

exchange wallets are a gold mine for professional hackers, this is the safest

method.


Source: ChangeNOW.io



ChangeNOW suggests Guarda Wallet, which has a long list of partners

including Ledger, Trezor, Exodus, Edge Wallet, Atomic Wallet, CoinSwitch,

Binance, Bittrex, Bitfinex, Indacoin, and others.




How ChangeNOW Works


You are not required to create an account with ChangeNOW. So, how does it

function? Well, it operates in the following way: Its engine calculates the best

possible exchange rates for you.


 1) You send the funds to ChangeNOW’s wallet

2)  ChangeNOW uses its partnerships with top cryptocurrency exchanges and

service providers to swap your cryptocurrency.

3) ChangeNOW sends your swapped funds back to the provided wallet

address.

They also have a specific API for wallets and other cryptocurrency platforms.

and also have a service called NOWPayments, which enables retailers to accept

custody-free bitcoin payments with ease.



How does ChangeNOW work? (step by step)



ChangeNOW instant exchange lets you trade cryptocurrencies with just a few simple steps:


Fill In Exchange Details

    Choose an exchange pair from the list. There are more than 50,000 of them,

so you will definitely find one that you want.

    

Make A Deposit

    Check all exchange details, get an estimated transaction time, and send your

    funds to our one-time deposit address.


Receive Crypto

    Enjoy the ChangeNOW magic. We'll find the best possible exchange rate,

swap your assets, and send them back to you in a few minutes.


Source: ChangeNOW.io




1) Prepare a cryptocurrency wallet for your desired digital token (download and

install it or use the recommended wallet by ChangeNOW if you don’t already

have one)


2) Go to ChangeNOW exchange. Select the cryptocurrency you want to

exchange (You Send). The default is exchanging Bitcoin (BTC),

but you can choose 200+ other cryptocurrencies from the drop-down menu.


3) Select the coin you’d like to receive (You Get). The default is set to receiving

    Ethereum, but you can choose any other supported coin from the drop-down

    menu.


4) Choose whether you want to use a Classic or a Fixed-rate in the transaction

(see explanation above) and hit the “Exchange” button.


5) Enter the recipient's wallet address. In this example, it will be an Ethereum

(ETH) wallet-generated address. Make sure to double-check it before clicking

“Next” because entering the wrong address will result in a permanent loss of

your crypto.


Source: ChangeNOW.io



In the next window, you will be presented with all the details of your transaction and how long its processing should take. If you agree with all the terms, hit confirm, and you’re good to go.



Source: ChangeNOW.io


6) Finally, you will see ChangeNOW’s deposit address where you should send

your crypto to exchange. Once you send your coins (in this case, BTC),

the exchange will start processing your transactions. In turn, you should

receive your swapped coins to your dedicated wallet in 30 minutes or less.


That’s it! The process is the same regardless if you use ChangeNOW’s mobile

app or website - quick and without any forced KYC!

If for some reason, you find it difficult to follow these instructions, you can also

check out ChangeNOW’s YouTube channel, which is full of handy tutorials.



    

Is ChangeNOW Reliable?



Online, the ChangeNOW service and app have received scores of positive

reviews. With over 6,864 reviews on TrustPilot, the platform has a 4.8 out of 5

rating and its Android app has a 4.8 (out of 5) rating in Google's Play Store, and

4.9 on the AppStore.


Source: ChangeNOW.io




Source: ChangeNOW.io


Source: ChangeNOW.io


Source: ChangeNOW.io


Source: ChangeNOW.io







Nevertheless, there are some unfounded allegations of scamming a user of 100

BCH in 2018. However, under a closer investigation, it appears that the user has

sent a fake ID picture for an AML/KYC check and prompted a document forgery

investigation. The case had been resolved in October 2018.




Know Your Customer (KYC) and Anti-Money Laundering (AML) Policy



ChangeNOW, despite being labeled as an anonymous or private transaction, is nonetheless required to follow the rules. As a result, an automatic risk prevention system is used.

All transactions are scanned by the system, and if yours is flagged as suspicious, the swap is put on hold. The customer is then requested to authenticate their identification.


Each KYC case is handled individually but requires the basic KYC documents:


- A quality picture of an ID document

- A source of deposited funds

- A selfie of you holding the ID document.


Once these documents are received and verified, the swap is completed, and

the funds are transferred to your wallet.

If an automatic risk protection system flagged a transaction as suspicious,

ChangeNOW needs the AML/KYC procedure. The company does not disclose

the set of criteria that this system employs - because if made public, there will be

people who will try to abuse those criteria in order to cheat the algorithm. If you

do not agree to go through KYC, your funds will be refunded back to your wallet.




Usability and Design



ChangeNOW is clearly created with simplicity in mind, as evidenced by the

exchange's site. There are no complicated charts, candle bars, or flashy

windows, so all you have to do is click a few buttons. You must select the crypto

pair you want to trade, the amount of exchange, and if you want to utilize a

classic or fixed rate.


Source: ChangeNOW.io



The same can be said for ChangeNOW's mobile app, which is even slicker than the website. Only a few simple clicks, some cryptocurrency, and a wallet address are required. If you already have a wallet, the entire process should take no more than 40 minutes (on average 5 minutes).


Source: ChangeNOW.io



Also, ChangeNOW lets you purchase crypto directly with your VISA or Mastercard bank card using Simplex integration, making it a handy fiat-to-crypto gateway for both newcomers and experienced holders.


Source: ChangeNOW.io



ChangeNOW's innovative Products


ChangeNOW's Telegram BOT is another new method to use their fast swaps. Simply follow the instructions in a Telegram chat to swap any of the supported cryptocurrencies with one another!


Source: ChangeNOW.io



If you don't already have a crypto wallet, ChangeNOW suggests utilizing the Guarda Wallet. By selecting the "Get Suggested Wallet" option on the ChangeNOW homepage, you can get it for your mobile device (Android or iOS), computer, web browser, or open a web wallet.



Source: ChangeNOW.io



ChangeNOW’s NOW Tokens


NOW is the first native digital asset introduced by an instant exchange platform to serve as an internal currency accepted within the NOW product system.


The primary purpose of NOW Tokens is to serve as an internal currency, for NOW, goods and to obtain additional benefits such as


- Better exchange rates

- Faster customer support

- Special offers in all NOW services

- Voting for asset listing

- Prizes, raffles, and promo campaigns


NOW tokens are issued on two chains - Ethereum (ETH) as an ERC20 token and Binance Chain (BNB) as BEP2 type coins.


Source: ChangeNOW.io



Source: ChangeNOW.io



Allocation of NOW Tokens


40% Reserve

12% Development fund

12% Advisors and corporate evangelists

12% Marketing needs

10% Risks prevention

 30% Airdrop

14% Team bonuses

10% Private investors


Source: ChangeNOW.io



Deposit and Withdrawal Methods


ChangeNOW, despite being primarily a crypto-to-crypto exchange, does offer the option of purchasing bitcoin with a bank card (VISA or Mastercard). However, unlike cryptocurrency transactions, bank card purchases have a minimum transaction amount of USD 50. The maximum purchase per person is USD 20,000, with a monthly limit of USD 50,000.


Apart from that, all deposits and withdrawals are done through your wallet, so there are no additional fees. As previously stated, there are no restrictions on how much money you can exchange by converting one cryptocurrency to another.




Customer Support

Last but not least, one of the best aspects of adopting ChangeNOW is its excellent customer service. You can contact it using the support contact form, as well as through Twitter, Facebook, Telegram community chat, Instagram, and even Reddit. The response time, like their switch service, should be under one hour.


Conclusion


ChangeNOW is a fantastic solution for making confidential and immediate bitcoin exchanges. It features excellent customer service, an experienced team, competitive pricing, and a well-designed service that anyone interested in acquiring or trading cryptocurrencies may utilize. It's a strong player in the crypto swaps market, and it might help you take your crypto experience to the next level!