ChangeNOW.io - Crypto exchange without (KYC) Ultimate Guide
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
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.
Security
How ChangeNOW Works
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.
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.
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.
Is ChangeNOW Reliable?
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.
Usability and Design
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).
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.
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!
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.
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.
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
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.
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!
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