Are you looking for a comprehensive Changelly exchange review? If that’s the case, you have landed to exactly right place. In this article, I will tell you everything you need to know about Changelly.
If you have any further questions about Changelly or cryptocurrencies in general, just leave them below and I will be more than happy to help you out personally.
Name:Â Changelly
Website:Â www.Changelly.com
Founded:Â 2015
Type:Â Cryptocurrency Exchange
Short Review:Â Changelly is one of the easiest and the most popular ways to buy cryptocurrencies. In my opinion, their platform is the most user-friendly in the whole industry. The fees are also lower than on Coinbase or on many other major exchanges.
Before you read the whole article, I want to provide you an opportunity take a look at my video tutorial/review of Changelly. I bet you’ll find it helpful and valuable.
Changelly company was founded back in 2013 by the owners of the famous Minergate cryptocurrency mining team. They launched the exchange to the form as it is today in 2015.
Since then Changelly has grown into one of the most popular ways to buy cryptocurrencies. Their interface is easy-to-use and beginner-friendly which has probably been one of the most important reasons for their fast growth. Let me first show a few other benefits of using Changelly and then I’ll show how you can buy cryptocurrencies on their platform.
On Changelly you can buy around 60 different cryptocurrencies using your credit card.
Many major cryptocurrency exchanges enable trades only using other coins. In the other words, you first needed to buy on other exchange, then transfer funds to a new exchange and buy your desired coin there. That can be a time-consuming process.
You will save lots of time if you buy your desired cryptocurrencies directly on Changelly. I know that some people invest a certain portion of their every paycheck to cryptocurrencies. One of the easiest ways to do that is to buy cryptocurrencies on Changelly.
I have used and reviewed numerous cryptocurrency exchanges. Some of them support Bitcoin and Ethereum purchases with a credit card like Changelly.
However, I don’t know any other crypto exchange that would support purchases for 60 alt coins using a credit card. Therefore, Changelly is very unique.
Changelly exchange fees are only 0,5% which is much lower than in a major exchange called Coinbase. Some other cryptocurrency exchanges that enable purchases with credit cards charge up to 7-8% fee. Compared to that 0,5% fee on Changelly is very small.
On the other hand, if you are looking for the cheapest option for trading cryptocurrencies, Binance is a cheaper option. They charge only 0,05% – 0,1% if you pay the fees using their BNB token. You just need to keep in mind that Binance doesn’t support fiat currencies so you already need to own some cryptocurrencies to use them.
Note: If you buy cryptocurrencies on Changelly using your credit card, the fees are higher than 0,5%
Let me point out a few other features of Changelly with bullet points:
Using Changelly is simple and straightforward. Let me explain you the process step-by-step.
Usually, the transaction on Changelly happens in a few minutes which makes it very convenient. That’s certainly a benefit for Changelly. On some exchanges, you need to wait for hours which may be frustrating.
In the next chapter, I show you the process with pictures.
In this example, we want to buy Monero (XMR) for $100.
2.Create an account.
In this example, we decided to pay with USD so the payment will be done with a credit card.
If you would have chosen, the exchanging from one cryptocurrency to another, it would give you a wallet address where you can transfer funds to get your own. Let’s say, for example, that you would exchange BTC to Monero. Then it would give you a BTC address where you can transfer the funds.
After the transfer is completed you will receive your desired cryptocurrency.
Changelly customer support is serving customers 24/7. Take a look at their Facebook page below:
If you need help with Changelly, there are a few options. The first thing to do is to check out their FAQ (Frequently Asked Questions) page. I bet that you’ll find an answer there to 90% of your questions.
If you need support personally from Changelly for any reason, you can contact them on Facebook or by email to their address support@changelly.com.
I noticed that they have answered Facebook messages usually within a few hours. In addition, they were answering some general questions on their public discussion.
It’s always good to take a look at what other people are saying before you start using a new crypto exchange. In this case, I have done the research for you and found out what is a public opinion of Changelly.
In general, most cryptocurrency thought leaders recommend Changelly.
Changelly has a reputation as a reliable and easy-to-use crypto exchange. It’s receiving positive reviews from cryptocurrency thought leaders over and over again.
I also had a look at regular customer reviews. Like you may assume, there were positive and negative ones. I have reviewed around 10 different cryptocurrency exchanges and I have noticed that people like to leave negative reviews easily. Even though the problem would have been solved afterward and the customer would be happy, a negative review may stay on the Internet.
Overall, customers have been satisfied with Changelly. But because of the huge rush to the cryptocurrency market, their exchange has also received so many new clients that they couldn’t make everyone happy.
a positive thing that I found out is that Changelly is responding all reviews personally. It seems that they are doing their best to make customers satisfied. Here’s an example of what people are saying about Changelly.
Changelly certainly isn’t a scam. They have been operating for several years and have established the reputation as one of the best cryptocurrency exchanges in the world.
In my opinion, Changelly is especially great for beginners and people who don’t have any technical knowledge because it’s so easy-to-use. You just follow the steps on the screen and you can’t really make a mistake.
There are exchanges that are highly advanced like EtherDelta but Changelly is on the different side of the scale. Anybody can use it easily and it’s made very user-friendly on purpose.
Which cryptocurrencies have you bought on Changelly?
Have you also used other cryptocurrency exchanges? Which ones?
If you are looking for an honest Bitfinex review, you have come to the right place. In this article I am going to answer all your questions about this cryptocurrency exchange, “Is Bitfinex a scam or legit? Is Bitfinex safe?” etc.
I also created a video to answer your questions in a comprehensive manner. I believe you will find it helpful and informative. After you have watched my video, I recommend coming back to my article because there I share even more details than in the video.
If you have any questions or comments regarding Bitfinex, I would love to hear them in the comments below after you have read this article. Without further ado, let’s get right into things!
Name:Â Bitfinex
Website:Â www.Bitfinex.com
Founded: 2012 by Raphael Nicolle
Type:Â Cryptocurrency Exchange Platform
Short Review:Â Bitfinex is one of the biggest cryptocurrency exchanges in the world that has been around already for more than 5 years. There are several reasons why it’s a legitimate platform and I can recommend it as well. However, if you just want to buy Bitcoin, Ethereum, Litecoin or Bitcoin Cash, I recommend getting started on Coinbase because their platform is better and you get additional $10 sign up bonus.
At the moment Bitfinex verification process can take up to 2 months. Therefore, if you want to get started faster, I recommend registering on Binance.
If you are looking for proven and long-term ways to make money online, you might be interested in this step-by-step training.
Bitfinex has been the largest Bitcoin exchange platform since 2014. It’s a cryptocurrency exchange trading and currency-storage platform that’s available pretty much all over the world. Its main competitors are Coinbase, Kraken, and LocalBitcoins that are also huge cryptocurrency exchange platforms.
Cryptocurrency prices are going up, up and up. More and more people are coming to the scene because they are seeing the potential. I made +$50,000 with cryptocurrencies in 2 months and IÂ believe I’ll beat that record in the near future because the prices will keep on going up. I’ve noticed that I can’t buy all potential coins on Coinbase or Kraken so that’s the reason why I wanted to register to Bitfinex.
Let me give you 5 important reasons why their website and company is safe and legitimate.
If we compare to Coca-Cola or Wal-Mart, 5 years is not a long time. But comparing to other companies in the cryptocurrency world, 5 years is a huge time. If Bitfinex would be a scam, it would have been wiped away several times during those 5 years.
Would you use an exchange that has just created and only very few people are using it or the one that is created more than 5 years ago and it’s the biggest in the world? I think anyone would choose the later one.
Becoming the biggest Bitcoin exchange in the world isn’t easy for sure. Users need to have a good experience about it, then they tell about Bitfinex to their friends, they try it also and they share it with their friends. That’s how something usually expands. From USD to BTC (and vice versa) the trading volume is still the biggest in the world in Bitfinex.
Think about scammy sites. They get you started as easily as possible because their only goal is to take your money. They don’t care about your personal information or passport pictures because all they want to do is to get your credit card details, take the money and leave.
A site that cares about your security has a more strict verification process because they want to keep your money safe. They want to be sure that you are really a person that you are telling them to be. That way nobody can rob your identity or fake that he/she would be you.
Bitfinex verification process is pretty strict. To be honest, it’s one of the most strict verification processes in my life. And that’s quite a lot because I’m an online entrepreneur and I have registered to hundreds of sites during my life. It gives a feeling that they care about their customers’ privacy.
At the moment they have so many new members coming in daily that a verification process takes a while. If you want to buy Bitcoin fast (and get a $10 bonus) you can buy Bitcoin on Coinbase.
In general, Bitfinex is receiving positive reviews from their customers. For example, on BestBitcoinExchange.com they have received an average rating of 4,5 stars out of 5 based on more than 30 votes/reviews.
I noticed that there are also some negative reviews of Bitfinex but I think most of them weren’t very serious. My close friend was recently working on LocalBitcoins support team and he said that many people write negative reviews on the Internet. Then they get help to their issue and they are happy with the service. However, the negative review remains online because they forget or don’t bother to delete it. That’s important to keep in mind when reading negative reviews online.
I also noticed that some people were complaining about things that aren’t really big. Somebody, for example, didn’t like that Bitfinex had a $250 withdrawal limit. For me, it’s not a problem because I’m anyway trading/investing with sums that are over that amount.
When you need to buy or sell cryptocurrencies, you need a second party who will sell his coins to you or buy your coins to him. In the smallest exchanges, it may be challenging to find somebody who would buy from you when you want to sell because there aren’t enough people. On Bitfinex you most likely won’t have this problem because it’s so big that you’ll probably always find somebody who will trade with you. So your money is liquid because it’s easily transferable to cash.
I want to share you a few more important benefits of Bitfinex that you might want to take into account.
There are numerous crypto exchanges where you can’t make deposits with fiat currencies. In the other words, you need to buy, for example, Bitcoin or Ethereum on another platform and then transfer it to another platform. In my opinion, it’s much easier when you can buy cryptocurrencies directly with EUR or USD.
You always need to pay a fee when you transfer cryptocurrencies from one exchange to another but when you buy directly with fiat currencies, you don’t need to pay that kind of fees. In addition, there are sometimes technical problems when you are trying to transfer cryptocurrencies so it may be also time-consuming. So, it’s cheaper and faster when you can buy directly by using EUR or USD.
Sometimes I found an interesting cryptocurrency that I wanted to buy but I couldn’t buy it on the exchanges where I was. Bitfinex provides one of the biggest selections in the industry. You can buy even some very rare coins that most other exchanges don’t provide.
I want to share a few word with you about Bitfinex complaints. Probably one of the most popular complaints is that their website has been hacked twice during their history. But then people forget to tell the whole story.
Bitfinex returned all the money that was stolen from their users during the hack. Let’s say that you had cryptocurrencies worth of $10,000 during the hack. Then Bitfinex paid you later $10,000 back. They didn’t pay the win/loss/change that happened in the price after the hack.
The last hack was in the Summer of 2016 and I’m sure they have improved their security since then. The price of Bitcoin dropped 20% immediately after the hack but since then it has made lots of new records and the price is still going to the sky.
There is a risk with any kind of investing and you need to take it into account. Probably the safest way to keep your cryptocurrencies is to have a private wallet so your coins aren’t in the exchange. But in order to do that you first need to buy your coins somewhere.
So, now we have come to a conclusion that Bitfinex is a legitimate website. How can you get started?
First, create an account. It takes probably less than 30 seconds. You click, “sign up” on the right top of the homepage, fill in your email address, password and click submit. They send you a verification message to your email, you click the link and voilà , you have created an account on Bitfinex.
Before you can deposit money and start trading, you need to finish your verification process as I explained above. They also require a two-factor authentication in order to keep your account safe.
I don’t say that Bitfinex would be the safest crypto exchange in the world because it’s not meaningful to compare these companies in that way. If we are honest, nobody can’t really say which crypto exchange is the safest one. Anyway, I can surely say that Bitinex is one of the safest cryptocurrency platforms in the world.
So, if you are looking for a safe exchange, Bitfinex is a good place. That being said, it’s good to recognize that cryptocurrency world is still unregulated that there isn’t a 100% safe place. Having dollars in your bank account isn’t a 100% safe thing either because the value is going down all the time because of the inflation.
If you are holding cryptocurrencies, my recommendation is that you hold them on numerous wallets/exchanges to allocate the risk. Even if one wallet or exchange would have been hacked, you don’t lose everything. Of course, the safest way to hold your cryptocurrencies is usually a hardware wallet.
If you want to buy cryptocurrencies fast, My recommendation is to get started on Coinbase and on Binance. At the moment the verification process on Bitfinex takes so long that it’s almost impossible for new traders to get started.
What kind of experiences do you have on Bitfinex?
Which cryptocurrency exchanges have you used?
Are you looking for an honest and detailed Kucoin review? You have come to the right place. In this article, I am going to tell you everything you need to know about their crypto exchange.
I will answer your questions like, “Is Kucoin reliable? Is Kucoin legit? Is Kucoin safe?” And the most important, “Is Kucoin a good exchange?” I believe you will find my article informative, helpful and valuable. If you have any more questions, you can always ask me in the comments below and I’ll be more than happy to help you out.
Name: Kucoin
Website:Â www.Kucoin.com
Type:Â Cryptocurrency Exchange
Short Review:Â Kucoin is a relatively new crypto exchange that has been rapidly growing for several reasons:
1.Clean and easy-to-use interface. 2.Responsive support. 3.Low fees. 4.Easy to get started.
I have been satisfied with Kucoin. I have already bought Raiblocks, NEO, Kucoin Shares, DragonChain and I am also holding a few other coins on their platform as well.
Before you dive into the article, I want to give you an opportunity to have a look at the Kucoin videos that I have created and uploaded to YouTube:
In this video, I walk you through the whole process of getting started on Kucoin. I believe you will find it extremely helpful if you have not used Kucoin before.
The clip is from my Udemy course where I teach you to make money with cryptocurrencies like I do. You can grab the course through my special link for just $10 (instead of $195).
As always, I want to provide you an opportunity to have a look at my video review of Kucoin. Then you can take a look at my full article below which is much more detailed than the video.
Kucoin is a Chinese crypto exchange that has been rapidly growing recently. They have done their job well which means that more and more people are moving to their exchange.
I got introduced to Kucoin for the first time when my friend started to talk me about Dragonchain. He mentioned that Dragonchain could be a good investment and it was available on Kucoin. I made my research and realized that Kucoin is a reliable platform. As soon as I was able to transfer money to Kucoin, I bought some Dragonchain. Afterwards I have used this platform also for buying many other cryptocurrencies.
Users of Kucoin (including myself) have listed numerous benefits and pros of the platform. Let me share the most important benefits what people have mentioned and I agree.
It takes probably less than 2 minutes to learn how Kucoin platform works. The interface is clean, simple and it’s easy to find everything that you are looking for: Assets, Markets, Settings, Etc.
Trading works also on Kucoin much more easily on many other crypto exchanges that I have been using.
Kucoin requires a 2-factor authentication when you start trading on their platform. It means that you need to have a password and another verification method when you trade. The most common is Google Authenticator that you can download easily to your phone and it’s widely used by other crypto exchanges as well.
When you have set up the 2-factor authentication your account is much more secure. If somebody wants to steal it, he needs to get your password and your smartphone which is pretty impossible unless you share your private information everywhere.
The biggest exchanges like Coinbase haven’t yet listed smaller alt coins. At the moment you can only exchange Bitcoin, Ethereum, Bitcoin Cash and Litecoin on Coinbase. Most other coins like Cardano, IOTA and Tron you can exchange on Binance which is one of the fastest growing crypto exchanges at the moment.
However, there are many smaller coins that aren’t yet available on those platforms. That’s where Kucoin comes into play. Kucoin has one of the biggest amount of coins listed in a single crypto exchange. I have bought, for example, DragonChain and Raiblocks on Kucoin because I can’t buy them on the other ones.
It’s also a very positive thing that those coins aren’t yet listed on the biggest exchanges. It means that there is a room for growth. Usually, when a coin gets listed on a new exchange, its price skyrockets. Do you remember what happened to Bitcoin Cash when it came to Coinbase? The price tripled in a few days. And that’s not even rare.
Trading fees on Kucoin are much lower than most other exchange and they provide also good discounts for people who are holding Kucoin Shares coins. The basic trading fee is only 0,1% per trade and you can get up to 30% discount if you hold enough Kucoin Shares.
Kucoin is certainly one of the easiest and the fastest crypto exchanges when if we are talking about getting started. Let me explain to you how it works step-by-step.
It takes you to the page like this:
Then Kucoin sends you a confirmation email to your password to make sure that it’s really your password. And Voilá! Your account is ready. Before you start trading, you just need to add your 2-factor authentication code. Let me also quickly explain you the process of buying specific coins on Kucoin.
Let’s say that you want to buy, for example, Raiblocks on Kucoin like I did. You can do it like this:
It’s as simple as 1-2-3. I know that it can feel intimidating if you are doing it for the first time but you will get used to the process immediately.
Make sure that you use the right wallet for transferring Ethereum from Coinbase to Kucoin. You can find it by clicking “Assets” on the top. Then “Deposit” on the left and choosing ETH in the drop-down menu. (See the screenshot below).
One thing to notice is that you don’t need to send them passports, driving licenses, utility bills and many other things that you need to do on some other exchange like Bitfinex. Getting started is much faster and easier. For example, to Bitfinex there is now a 6-8 week queue with the verification process before you can start trading. On Kucoin you can start trading immediately.
Let’s say that you have traded some cryptocurrencies now for a while on Kucoin. You have become a crypto millionaire and it’s time to get some cash and buy your Lambo. (Just kidding!)
Cashing out from Kucoin is easy. You just go through the process that I explained to the other way. You exchange your asset, for example Raiblocks, to Ethereum on Kucoin. Then you transfer Ethereum from Kucoin to Coinbase and on Coinbase you exchange your Ethereum into $, € or £ as you wish.
You can always contact Kucoin support by sending them an email to support@kucoin.com. Alternatively, you can contact them by using social media channels like Facebook, Twitter, Reddit or Telegram. You can find all their social media accounts by scrolling to the bottom of their website.
Personally, I have never had any issues with Kucoin so I have never needed to contact their support team. Therefore, I read and asked other people’s experiences in order to provide you the best information. I found out that pretty much everybody has been satisfied with the support they received. Here some sentences that I have heard:
I always take a look at reviews from other people before putting some money into something. I was honestly surprised to see how positive reviews Kucoin has received. For example, on CryptoCompare Kucoin has received the average rating of 4,2 stars out of 5 based on 28 reviews. That’s an amazing score especially when you take into account that some major exchanges have received only the average rating of 3 out of 5.
I found 50 more Kucoin reviews on the other site and I realized that pretty much everyone gave them 4 or 5 stars out of 5. That was extremely convincing. Let me just show you a few examples:
I think it’s a huge thing that it’s almost impossible to find negative reviews of Kucoin. Pretty much everyone is talking positive things about it. That being said, we need to remember that there are always a few persons who may have had some technical problems or something similar.
Kucoin has a very interesting and lucrative referral program. You can earn money by inviting new members to Kucoin. This is how the referral program works:
Numbers 2 and 3 mean that you will earn bonuses also from those people that your invitees refer to Kucoin. Let’s say that you invite Jack to Kucoin. You earn 20% of fees that Jack is paying. Then Jack invites his friend Jamie. You will then also earn 12% of trading fees of Jamie. He enjoys using the Kucoin platform and invites Joel. Then you’ll earn 8% of the trading fees of Joel.
You are probably starting to see the potential of their referral program. Experienced affiliate marketers can make a full-time income just by promoting Kucoin. You can get involved with the coin Kucoin referral program easily. You just need to sign up Kucoin and click, “Explore” -> “Invitation Bonus” on Kucoin website.
Kucoin has announced that the referral program is at least momentarily out of use. They will announce for more updates in the future.
I have mentioned Kucoin Shares a few times during my article. You may be wondering what they are and what can you do with them. Kucoin Shares is a cryptocurrency and they enable you to received dividends from all trading fees that are done on their platform. In addition, the value has been growing and I expect it will grow in the future as well. If you have enough Kucoin Shares, you will also get discounts when you are trading on their platform.
The video below explains very well how you can earn Kucoin bonus for owning Kucoin Shares:
Kucoin gives 50% of all their trading fees to users who own Kucoin Shares. In the other words, Kucoin is sharing 90% of their trading fees at the moment. 40% through their referral program and 50% through their Kucoin Shares bonuses. The company keeps less than 10% of all fees which are already very small. In the other words, they take less than 0,01% trading fees per trade. That’s nothing compared to some major exchanges that take up to 1%Â fees.
Kucoin Shares may be also a very valuable coin if the company keeps on growing fast in the future. I may make big money just by holding my Kucoin Shares for a few years. They are paying daily bonuses and I could sell the coins for the higher price later.
Yes, Kucoin is a legitimate cryptocurrency exchange that is rapidly growing. More and more users are coming in all the time. They gained 50,000 new users within 30 days just some time ago. Can you imagine how fast growth that is? Kucoin can certainly become one of the leaders in the industry with such a quick growth rate.
It’s obvious that they are doing several things right to achieve their huge growth. I have also enjoyed using Kucoin among hundreds of thousands of other users. I think that there is also a great potential with investing in small coins that are only available on Kucoin and other smaller exchanges. When small coins get listed on Bitfinex, Bittrex, Binance, Kraken or Coinbase, the price will most likely skyrocket and those who bought it on Kucoin make big money.
If you have any questions about Kucoin, feel free to ask me anything in the comments below and I’ll be more than happy to help you out.
Do you also have positive experiences of Kucoin?
Which cryptocurrencies have you bought on their platform?