As a seasoned cryptocurrency user who has navigated through numerous platforms, I must say that ChangeNOW stands out as one of my top picks for several reasons. My personal experience with this platform has been nothing short of impressive.
In anticipation of the predicted bull run of 2024 for cryptocurrencies, it’s essential that investors prepare themselves by having their investments ready and waiting. During times of high volatility and intense market activity, selecting the right exchange becomes a critical concern, regardless of an investor’s experience level or the amount they have deposited.
In this article, we’ll be taking a closer look at ChangeNOW, an established global cryptocurrency swap service, and exploring its key features as well as the fundamental aspects of its system.
High-performance no-KYC exchange with 1,000+ cryptos and super-fast transactions: ChangeNOW at a glance
In 2017, ChangeNOW was introduced by a highly experienced group of cryptocurrency specialists, since then it has grown to become one of the most frequently used crypto trading platforms available today.
- ChangeNOW is a multi-platform cryptocurrency exchange for Bitcoin (BTC), altcoins, stablecoins, and other crypto asset classes.ChangeNOW supports the conversion of 1,000+ cryptocurrencies, or over one million exchange pairs.Despite being a non-KYC exchange by default, ChangeNOW offers a feature-rich crypto-to-fiat on- and off-ramp compatible with Mastercard and Visa cards, Revolut, Apple Pay and so on.ChangeNOW is one of the fastest platforms, with the majority of transactions being finalized in less than two minutes.ChangeNOW (NOW) token is a building block of the platform’s utility and economics.For users seeking a more sophisticated experience, the exchange offers ChangeNOW Pro, a feature-rich version with enhanced functionality.
As a crypto investor, I understand that ChangeNOW is an integral piece within the vast Web3 product landscape. It’s not just a simple exchange platform; it also encompasses a Relay Protocol Node Service, a secure Custody Solution, and a versatile Payment System, among other features.
What is a crypto exchange?
As a researcher delving into the world of digital finance, I’d describe a crypto exchange as a user-friendly software solution that streamlines the process of trading various cryptocurrencies. Essentially, it serves as an online marketplace where individuals can buy, sell, securely store, and swiftly transfer these digital assets among themselves or convert them into traditional currencies like dollars, euros, or yen using debit/credit cards, bank transfers, and more.
A cryptocurrency exchange functions similarly to a digital wallet in various respects. Users store their cryptocurrencies within these platforms to accept payments, approve transactions for purchasing digital assets, and so forth.
Crypto exchanges represent an inevitable part of global cryptocurrency systems: the first platforms of this type kicked off in the early 2010s, soon after the invention of blockchain.
Crypto exchange types: CEXes and DEXes
Among numerous methods for categorizing today’s cryptocurrency trading platforms, centralized and decentralized exchanges make up the majority within this category.
Centralized exchanges, or CEXes
As a financial analyst, I can express that when utilizing centralized platforms, the managing entity takes charge of private key maintenance. Consequently, users are relieved from the responsibility of personally safeguarding their private keys to access their digital wallets.
Decentralized exchanges, or DEXes
On centralized exchanges, users typically don’t have direct control over their private keys. However, when it comes to decentralized exchanges (DEXes), it’s the user who maintains control of their own private keys associated with their account. If a user loses their private keys on a DEX, no one else can retrieve access to the cryptocurrency stored there.
Each type has its advantages and disadvantages: Centralized platforms offer greater convenience for beginners, but they could potentially fall victim to cyberattacks or manipulation. Additionally, these services might restrict user assets at the behest of law enforcement authorities.
Decentralized trading platforms are resilient against censorship, yet they offer advanced user interfaces, experience slower speeds, have lower liquidity, fewer trading options, and can become less cost-effective during volatile market conditions.
Five things to look at while choosing crypto exchange for bull run
Instead of getting overwhelmed by the multitude of cryptocurrency exchanges out there, here’s a straightforward guide to help you pick the best one that fits your needs:
- Transaction speed: When the markets are rocketing, the speed of transactions and order execution is of paramount importance; every second of delay might cost thousands of dollars.
- Fees policy: High fees might be irritating on both CEXes and DEXes, in particular when your strategy involves high-frequency trading with bots.
- Reputation: Users should check out the track of this or that exchange, its history and the background of his founders and managers.
- Number of cryptos listed: The more cryptos are listed on a given exchange, the better, as there is no need to switch between platforms seeking the interesting coin to swap it.
- Extra services: Top-tier modern cryptocurrency exchanges offer staking, earning, yield farming, saving opportunities, copy trading dashboards and education modules.
To successfully pick a cryptocurrency exchange during an upcoming bull market, it’s crucial to have fundamental knowledge about cryptocurrencies and invest some time into examining the user interfaces, terms and conditions, reputation, and available tools offered by various platforms.
Introducing ChangeNOW, crypto exchange with high-speed transactions
As a savvy crypto investor, I’ve found that ChangeNOW offers an all-in-one solution for swift transactions and conversions among over a thousand digital currencies, making it my go-to platform for seamless crypto trading.
ChangeNOW: Basics
Launched in 2017 during the initial significant rise in cryptocurrencies, ChangeNOW is a cryptocurrency trading platform dedicated to offering an optimal swapping experience for diverse groups of crypto users by focusing on their needs and preferences.
With ChangeNOW, you get the advantages of both custodial and non-custodial platforms, providing access to more than a million exchange pairs featuring over 1,000 different cryptocurrencies. This ranges from well-established market giants like Bitcoin and Ethereum to up-and-coming altcoins such as memecoins, DeFi coins, LST coins, AI coins, and many more.
ChangeNOW facilitates transactions across various well-known blockchain platforms like Bitcoin, Ethereum, BNB Smart Chain, as well as less common ones such as Manta and Base. Additionally, it provides a safe and swift route for both entering (on-ramp) and exiting (off-ramp) from fiat currencies.
ChangeNOW operates without any maximum exchange or withdrawal thresholds, and most of its transactions are completed in under two minutes. Additionally, they offer an intuitive and user-friendly website design, as well as mobile apps compatible with iOS and Android devices.
As a cryptocurrency investor, I find myself frequently using ChangeNOW – an integral component of the expansive Web3 NOW ecosystem. This ecosystem encompasses not only a user-friendly platform for managing nodes but also a reliable payments processor and secure crypto custodian designed specifically for business clients.
ChangeNOW: Opportunities
Mainly, ChangeNOW serves as a user-friendly tool for exchanging various cryptocurrencies to other cryptocurrencies or fiat currencies. Over the past seven years, it has added all significant digital coins such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Monero (XMR), Cardano (ADA), XRP, and more to its platform for transactions.
Nevertheless, their listing strategy continues to be adaptable: they’ve incorporated emerging L2 blockchains such as Manta and Base, popular meme tokens like Dogecoin, Shiba Inu, and Pepe, along with the widely recognized LST and AI altcoins.
Moreover, ChangeNOW boasts a broad range of tools for purchasing cryptocurrencies with fiat money due to partnerships with significant on- and off-ramp services such as Guardarian, Simplex, and Transak. In essence, ChangeNOW handles transactions in over 60 major currencies used worldwide.
The ChangeNOW team takes great pride in their swift transaction processing system. Typically, transactions are completed within two minutes, while the average duration is about five minutes. Minimum exchange amounts must equal or exceed $2.
Having a fixed address greatly simplifies the process of exchanging cryptocurrencies, as it facilitates automated transactions and makes managing digital wallets effortless, due to its ability to ensure seamless movement of funds and efficient organization.
ChangeNOW: Community and reputation
The ChangeNOW team aims to provide an exceptional exchange service to each client, backed by a swift and efficient customer support team that recently achieved a remarkable 99% success rate in resolving user errors.
As a crypto investor myself, I appreciate the additional layer of security provided by ChangeNOW’s innovative feature. Now, if I accidentally choose the wrong network, coin, or input an incorrect amount during a transaction, the system automatically corrects it for me. This thoughtful precaution not only makes my crypto journey smoother but also ensures that newcomers like myself are safeguarded from potential errors and fund losses.
1) ChangeNOW has earned an exceptional standing across independent review sites, such as TrustPilot. Notably, it has gained recognition from numerous international blockchain news sources in multiple languages.
In addition, ChangeNOW developed a tool for halting potentially fraudulent transactions using its sophisticated anti-money laundering technology.
Previously reported by U.Today, their advanced Anti-Money Laundering (AML) scoring tool has successfully recovered more than $19 million from fraudulent transactions so far, with this figure still growing. This tool monitors every cryptocurrency coin they have listed.
ChangeNOW: Killing features and NOW token
Through innovative implementation, ChangeNOW stands out among similar services due to several distinct characteristics. For example, it eliminates the requirement for compulsory user registration or Know Your Customer (KYC) verifications.
On this platform, verification is necessary only when the security system identifies potential risky behavior or hacking attempts. Additionally, while retaining all advantages of a centralized exchange such as user-friendly interface, swift transactions, and abundant liquidity, the platform ensures that it never maintains users’ funds. Instead, it provides an additional layer of security for both cryptocurrencies and fiat assets involved in the trading process.
To establish a clear economic structure for our services in the future, we’ve launched NOW, which is our own utility token within ChangeNOW. Being a versatile asset, NOW can be found on popular blockchain networks such as Ethereum (ETH) and BNB Smart Chain.
According to their official site, it’s anticipated that the NOW Token will be available on additional platforms such as Polygon and TRON in the near future.
As an analyst, I’m excited to share that I can now earn a substantial return of 6.25% APY by staking NOW. The built-in burning mechanism ensures that NOW remains a rare and valuable asset, backed by genuine utility and robust tokenomics.
As an analyst, I can’t help but emphasize the additional advantages that NOW staking offers to users. However, what truly sets ChangeNOW apart is the opportunity to amplify your earnings through participation in its lucrative affiliate and referral schemes. These programs boast attractive incentives for those who join.
ChangeNOW: 360° ecosystem of Web3 products
ChangeNOW plays a crucial role within the vast network of Web3 tools catering to the digital economy. Among these tools are some key offerings such as:
Now, the Custody solution is constructed for businesses (B2B) to link up with operational interfaces for cryptocurrencies through API resources, enabling any electronic point-of-sale (e-commerce PoS) platform to handle and transform digital currencies.
NOWPayments empowers Web3 teams to swiftly increase the use of their cryptocurrencies by incorporating them as payment options, donation platforms, and more. Furthermore, numerous businesses are able to receive cryptocurrency payments due to the versatile tools offered by NOWPayments.
Another option available is NOWNodes, a service that offers secure and swift RPC node solutions for developers of decentralized applications (dApps), eliminating the requirement for them to manage their own full nodes.
Bonus: What makes ChangeNOW Pro special for its one million users?
The enhanced version of ChangeNOW, known as ChangeNOW Pro, offers a host of additional features including transaction rewards, Anti-Money Laundering (AML) verifications, limitless cryptocurrency lending within the platform, personalized web pages for Decentralized Finance (DeFi) operations and more.
Basic packages for ChangeNOW are free, while VIP tariffs start from as low as $15 per month.
Wrapping up: Why choose ChangeNOW on the eve of a crypto bull run?
ChangeNOW offers a cutting-edge, swift-operating cryptocurrency trading platform that guarantees quick transactions with clear fees. It facilitates instant swaps for over 1,000 cryptocurrencies and more than 60 fiat currencies without the need for Know Your Customer (KYC) or registration procedures.
In this system, there is a unique token named NOW that serves as the central utility. Meanwhile, various services within the ChangeNOW ecosystem are designed to tackle essential requirements of both business-to-business (B2B) and business-to-consumer (B2C) sectors in today’s cryptocurrency market.
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2024-09-20 16:06