{"id":24163,"date":"2022-08-17T10:38:51","date_gmt":"2022-08-17T14:38:51","guid":{"rendered":"https:\/\/coincentral.com\/?p=24163"},"modified":"2022-08-17T10:39:29","modified_gmt":"2022-08-17T14:39:29","slug":"changenow-review","status":"publish","type":"post","link":"https:\/\/coincentral.com\/changenow-review\/","title":{"rendered":"ChangeNOW Review 2022: Crypto Swaps, Lending, Trading and More"},"content":{"rendered":"

ChangeNOW is a non-custodial exchange founded in 2017, offering a suite of crypto-related products for individuals and enterprise users including crypto-to-crypto swaps.<\/span><\/p>\n

Our ChangeNOW review explores if this platform is the right fit for you; we’ll explore the ChangeNOW fees, how many cryptocurrencies it supports, customer service, and other notable core features.\u00a0<\/span><\/p>\n

ChangeNOW \u2014A Quick Summary<\/span><\/h2>\n

CHN Group Limited, the parent company of ChangeNOW, is a privately held company headquartered in Seychelles and with offices in the Netherlands.<\/span><\/p>\n

ChangeNOW is non-custodial, meaning that you \u2014and not exchange\u2014 hold the private keys of your crypto (private keys are similar to passwords that represent asset ownership).<\/span><\/p>\n

Non-custodial exchanges have numerous advantages. You don’t have to worry about losing your funds due to a cyber-attack, having your account access denied, or having your assets deliberately frozen.<\/span><\/p>\n

ChangeNOW is a partner of numerous elite players in the crypto industry, including Binance, Trezor, Atomic Wallet, Ledger, Huobi, and many more.<\/span><\/p>\n

Frequently Asked Questions (FAQ)<\/span><\/h2>\n

Is ChangeNOW available for all countries?<\/b>: The exchange is available for a wide range of countries, but there are some exceptions: Cuba, Iran, the USA, Crimea, Sudan, Syria, Bolivia, Bangladesh, Yemen, and North Korea<\/span><\/p>\n

Can I buy crypto using a credit card on ChangeNOW?<\/b>: ChangeNOW supports credit card purchases thanks to its third-party partners: Simplex and Guardarian.<\/span><\/p>\n

Who are the founders of ChangeNOW?<\/b> CHN Group Limited is the founder of ChangeNOW.<\/span><\/p>\n

Is ChangeNOW legit? How safe is it?: <\/b>Yes, ChangeNOW is a legit company; it uses numerous security protocols to protect its customers.<\/span><\/p>\n

How to Use ChangeNOW<\/span><\/h2>\n

The main dashboard is intuitive and easy to navigate. You\u2019ll find the exchange section directly on the main page. To use it, enter the number of cryptos you want to exchange for the over 450 cryptocurrencies.<\/span><\/p>\n

Once you\u2019ve selected the cryptos you want to trade, click on Exchange to be redirected to a checkout page where you\u2019ll have to reconfirm the amount and paste the recipient’s wallet (you can also use a QR code).<\/span><\/p>\n

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It\u2019s without hidden fees. The transaction time will depend on the cryptocurrency\u2019s respective network. For example, if you\u2019re receiving Ethereum or Ethereum-based tokens, it would take around 10 to 15 min for the Ethereum blockchain to settle the transaction.\u00a0<\/span><\/p>\n

Once you confirm the trade, your coins will be on the way. While it\u2019s not mandatory, it wouldn\u2019t hurt to leave your email address below the page to receive a notification from the exchange once your funds reach your wallet.<\/span><\/p>\n

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Additionally, you can paste your ETH wallet below the page to receive bonuses in the form of NOW tokens (we\u2019ll expand on the token in another section). These bonuses give users access to exclusive features such as fixed rates, accelerated customer support, and new coin listings.\u00a0<\/span><\/p>\n

ChangeNOW Registration Process<\/span><\/h2>\n

We previously stated that users <\/span>don\u2019t need to go through a Know Your Customer<\/b> (KYC) process to use the exchange<\/span>. While this applies to crypto-to-crypto trades<\/b>, fiat-to-crypto requires a third-party payment processor, so a registration procedure is required.\u00a0<\/span><\/p>\n

ChangeNOW conducts fiat-to-crypto trades thanks to two third-party partners: Simplex, a licensed financial institution, and Guardarian, another licensed payment gateway entity.<\/span><\/p>\n

The registration process is straightforward:<\/span><\/p>\n

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  1. Click on the arrow button located at the right corner of the page<\/span><\/li>\n
  2. Type an email address, and a password, and click on Agree with the Terms of Use.<\/span><\/li>\n
  3. Click on Sign up.<\/span><\/li>\n
  4. Confirm your email address with the link sent to your email account.<\/span><\/li>\n
  5. Next, verify your account by submitting a government-issued document such as a passport, ID card or driver\u2019s license.<\/span><\/li>\n<\/ol>\n

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    Other Core Features of ChangeNOW<\/span><\/h2>\n

    ChangeNOW has more to offer than just swapping cryptocurrencies instantly. Some notable features are:<\/span><\/p>\n

    Now Token<\/span><\/h3>\n

    The NOW token is ChangeNOW\u2019s utility asset and comes in two versions: an ERC-20 for the Ethereum ecosystem and a BEP-2 for the Binance Chain. Users can exchange NOW tokens within the platform or use them to buy products and services.<\/span><\/p>\n

    Users can also stake NOW tokens on the ChangeNOW platform and receive 25% ROI (return of investment). It\u2019s a progressive interest accrual scale \u2014the more time you hold NOW, the bigger the rewards.<\/span><\/p>\n

    Now Wallet<\/span><\/h3>\n

    The NOW wallet allows users to store more than 450 cryptocurrency coins and tokens, including Non-Fungible Tokens (NFTs).\u00a0<\/span><\/p>\n

    The NOW wallet is also compatible with multiple blockchain ecosystems, including Ethereum Polygon, Avalanche, Solana, Binance Smart Chain (BSC), and TRX. Besides moving and storing crypto, users can also interact with dApps (decentralized applications) on these blockchains via QR code.<\/span><\/p>\n

    Telegram Bot<\/span><\/h3>\n

    ChangeNOW has an official Telegram Bot that allows users to swap crypto on their phones or desktops with no additional costs or hidden fees.<\/span><\/p>\n

    NOW Payments<\/span><\/h3>\n

    NOW Payments is an enterprise-grade solution for companies that want to receive payments in cryptocurrency. It offers clients support for over 100 coins and tokens, automated conversion from crypto to fiat, low fees starting at 0.40%, 24\/7 support and no chargebacks. It\u2019s also easy to set it up by choosing an integration type and adding a pay button on your website.<\/span><\/p>\n

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    NOW Loans<\/span><\/h3>\n

    ChangeNOW allows you to take out loans in two stablecoins: USDT and USDC, and use your cryptocurrency as collateral. NOW Loans come with a few benefits:<\/span><\/p>\n