ChangeNOW Exchange

ChangeNOW Exchange Review

Pros

• No upper trading limit
• Many services in the ecosystem
• Supports over 500 crypto and fiat currencies 

Cons

• $50 minimum bank card purchase

About Exchange

ChangeNOW provides a large collection of crypto services and trading pairs. They are a registration-free crypto exchange, making it easy to get started and keep your identity safe. Trade here without upper limits. Take out a crypto loan instantly. Or connect your NOW Wallet to decentralized apps, where you can also store NFTs.  

NOW Token

NOW is the native utility token of the ChangeNOW exchange. You can buy or trade for them directly on the exchange. Users can also receive them as cashback after performing exchanges.

The NOW token has lots of use cases. For example, you can stake it for up to 25% ROI.  You also earn discounts when you pay fees using NOW in the ChangeNOW exchange. 

NOW Token is available on both ERC 20 and BEP-2. According to the White Paper, the exchange burns NOW tokens quarterly, ensuring an elevated value and a safer investment. 

ChangeNOW Fees

Fees are the primary revenue source for exchanges and are able to stay afloat and continue providing investors with their services. When buying crypto with a fiat currency such as USD or EURO, you will pay 5% extra to Simplex, the service provider. 

When exchanging cryptocurrencies, there is a different set of fees. They do not give exact numbers. Instead, they list the following possible fees: 

• a network fee for the deposit transaction from a customer's wallet;
• a network fee for transferring coins to our liquidity provider;
• trading fees that our liquidity providers charge;
• a network fee for sending the exchanged funds to the customer.

All fees will be included in the estimate you receive as you make your transaction. So, you will not carry any big last-minute surprise. Also given the high level of trust at this exchange, we would not expect these fees to be exorbitant. 

Supported Tokens

ChangeNOW has one of the largest libraries of tokens on the web with 400 cryptocurrency listings on their exchange. Rest assured, you will not be left out of the latest trend or the hottest token here. 

Who Can Sign Up Here?

There is one major restricted jurisdiction here. If you do not live in the United States or countries on the UN sanctions list or where cryptocurrencies are illegal, then you can sign up here without a problem. Unfortunately, the FEC, the Federal Exchange Commission, is extremely strict with these things. US Investors can sort these exchanges by country and read reviews of exchanges available to them. 

Wallet

The ChangeNOW exchange works especially well with NOW Wallet. It is available for download from the Google, Android, and Apple stores. With this wallet, you can buy and sell cryptocurrencies with a credit card or bank account. 

You can also send and receive any token on the following seven networks:

• ETH 
• BSC 
• Polygon
• Avax C-Chain
• TRX
• KLAY
• Solana\

NOW Wallet is also well-integrated into the decentralized app (dApp) sphere. You can connect to any dApp on the following networks simply by scanning the QR code:

• ETH
• BSC
• Polygon
• AVAX C-chain

Other NOW Products

The NOW ecosystem comes with many additional products and services. Here are some of them:

• Crypto Loan: Take out a crypto loan instantly, using your crypto as collateral

• Crypto Payments: Accept more than 100 cryptos via a pay button on your site

• NOWTracker: This free app will track your portfolio with handy graphs and overviews
• LightningNOW: A public light network node with zero fees

Security

ChangeNOW is one of the most trusted crypto exchanges on the web today. Their KYC and AML protocols are up to date, meaning your identity will be safe here. Their website is well maintained and transparent.

Their ratings on TrustPilot are excellent. As of this writing (August 2022), they have been reviewed 7,409 times with an average score of 4.8 out of 5. Excellent! 

Identity protection

When processing your identity documents, ChangeNOW uses Sum & Substance, which adheres to all the data protection principles in the EU and UK GDPR. However, you are only asked to confirm your identity if there is suspicious activity. ChangeNOW is a registration-free crypto exchange. 

ChangeNOW Mobile App

The ChangeNOW mobile app is available directly from their website and from the Apple, Android, and Google Stores. The mobile interface is excellent. The app enjoys a perfect 5 out of 5 review average in the Apple Store.

Who is ChangeNOW for?

ChangeNOW is easy to use and, without having to register, it is great at attracting new investors. Its support for dApp integration and other more advanced blockchain technologies make this a great choice for advanced crypto investors as well!