changelly

Website

changelly.com

Platforms

-

Release Date

-

Categories

#Cryptocurrency Exchange #Cryptocurrencies #Crypto #Cryptocurrency

Startup details

Country

Malta

City

Valletta

Employees

50 - 99

SimpleSwap.io

Website

simpleswap.io

Platforms

Web Android iOS

Release Date

2018 April

Categories

#Cryptocurrencies #Cryptocurrency Exchange #Crypto #Cryptocurrency

changelly features and specs

• Wide Range of Supported Cryptocurrencies
  Changelly supports a large number of cryptocurrencies, allowing users to exchange between different digital assets with ease.
• User-Friendly Interface
  The platform offers a simple and intuitive user interface, making it accessible for both beginners and experienced traders.
• No Account Registration Required
  Users can conduct transactions without the need to create an account, providing a higher level of privacy and convenience.
• Fixed and Floating Rate Options
  Changelly offers both fixed and floating exchange rate options, giving users more flexibility based on their preferences and market conditions.
• Security
  Changelly employs robust security measures and does not hold user funds, minimizing the risk of hacks and unauthorized access.

Possible disadvantages of changelly

• Higher Fees for Some Transactions
  The platform's exchange rates and fees can be higher compared to some other exchanges, particularly for smaller transactions.
• No Fiat Currency Support
  Changelly focuses exclusively on cryptocurrency exchanges and does not support direct fiat currency transactions or withdrawals.
• Lack of Advanced Trading Features
  The platform is designed for simplicity and does not offer advanced trading tools such as order books, charts, or margin trading.
• Variable Processing Times
  Transaction processing times can vary depending on network conditions, which might lead to delays in receiving exchanged funds.
• Limited Customer Support Options
  Customer support is primarily available via email and online ticketing, which may not be as quick or comprehensive as live chat or phone support.

SimpleSwap.io features and specs

• User-Friendly Interface
  SimpleSwap.io has an easy-to-navigate and clean interface, making it accessible for both beginner and experienced crypto users.
• No Account Registration
  Users can swap cryptocurrencies without needing to register an account, ensuring privacy and quick transactions.
• Wide Range of Supported Cryptocurrencies
  SimpleSwap.io supports a large number of cryptocurrencies, providing flexibility for users who want to exchange various types of digital assets.
• Fixed and Floating Rates
  The platform offers both fixed and floating exchange rates, allowing users to choose the option that best suits their needs.
• Affiliate Program
  SimpleSwap.io provides an affiliate program where users can earn commissions for referring new users, offering an additional income stream for users.
• 24/7 Customer Support
  The platform offers round-the-clock customer support to assist users with any queries or issues they may encounter.

Possible disadvantages of SimpleSwap.io

• Higher Fees
  Compared to traditional exchanges, SimpleSwap.io may have higher fees, especially when using the fixed rate option.
• Lack of Advanced Trading Features
  SimpleSwap.io is designed for straightforward swaps and lacks advanced trading features like limit orders or margin trading.
• No Fiat Currency Support
  The platform does not support fiat currency exchanges, limiting users who are looking to trade between fiat and cryptocurrencies.
• Price Fluctuations
  During high market volatility, the difference between quoted and actual rates can be significant, impacting the final amount received.
• Not Regulated
  SimpleSwap.io is not regulated by financial authorities, which might be a concern for users looking for a more secure and compliant trading environment.

Analysis of changelly

Analysis of SimpleSwap.io

Changelly Review (2020) | Is This Exchange Safe?

More videos:

How to use SimpleSwap?