Changelly

User Interface

Offer and features of

Changelly

KYC Requirements

  • Required for fiat transactions, may be required for large crypto swaps

Minimum/Maximum Transaction Limits

  • Minimum varies by currency
  • Maximum $20,000 per transaction

Security Features

  • 2FA
  • AML compliance
  • Cold storage

Exchange Rates Competitiveness

  • Competitive for crypto-to-crypto

Privacy Policy

  • Available on website, emphasizes data protection

Anonymity Conditions Description

  • No KYC for standard crypto swaps
  • KYC for high-value/fiat

Our

Changelly

Review

Test Result

Overall rating
8.6
10
Anonymity
7
/10
bad
good
User Interface
9
/10
bad
good
Refund Policy
7.4
/10
bad
good
Transaction Speed
8.6
/10
bad
good
Customer Service
8.4
/10
bad
good
Feature
9
/10
bad
good
Fees
10
/10
bad
good
Collected From User Data Points
2000
+

Conclusion

Changelly's been around since 2015 and now serves over 10 million users—that's staying power in an industry where platforms come and go. The 0.25% flat fee on crypto swaps undercuts most competitors, and the non-custodial model means your coins go straight to your wallet, not some exchange hot wallet. Transaction times run 5-40 minutes depending on network congestion. The catch? Fiat purchases get expensive fast, and if your transaction gets flagged, expect KYC requests. Best for users who want quick swaps without account hassles. Skip it if you need advanced trading tools.

By  
Ethan Parker
Senior Content Editor

Pro's & Con's

What we like:
  • 0.25% flat fee on crypto swaps—lower than most competitors
  • Non-custodial: funds go straight to your wallet
  • 500+ cryptocurrencies, 185 blockchains
  • No KYC for standard crypto-to-crypto swaps
  • Integrates with major hardware wallets (Ledger, Trezor)
What we don't like:
  • Fiat purchases carry high fees (card provider markups)
  • Large transactions trigger KYC verification
  • Support response times vary—some users report delays

Customer Reviews

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Changelly

Swap

Summary

Changelly is a non-custodial cryptocurrency swap platform that's been operational since 2015—making it one of the older players in the instant exchange space. The platform now serves over 10 million users across 170+ countries, processing swaps on 500+ cryptocurrencies across 185 blockchains.

The core pitch is simple: swap crypto without creating an account, without KYC (for most transactions), and without the platform ever holding your funds. Your coins move directly from your wallet to the destination wallet. Changelly aggregates rates from multiple liquidity providers and takes a flat 0.25% cut—competitive for the instant swap market.

The platform operates in two modes. The Basic interface handles non-custodial swaps for users who just want to convert one coin to another quickly. Changelly Pro is a separate centralized exchange with order books, trading pairs, and the usual CEX features—though that requires account creation and deposits.

By
Ethan Parker
Updated:
February 2, 2026

Services and Features

Instant Crypto Swaps

The main product. Pick your source and destination coins, enter an amount, provide your receiving wallet address, and send your crypto. Changelly handles the conversion and sends the result to your wallet. No account needed. No custody. Transaction times average 5-40 minutes depending on blockchain congestion—Bitcoin swaps take longer than, say, Litecoin or XRP.

You get two rate options: floating and fixed. Floating rates adjust based on market conditions during the swap—you might get more or less than the initial quote. Fixed rates lock in your exchange rate for 15 minutes, protecting you from volatility but typically offering slightly worse rates. Most users go with floating for small amounts, fixed for larger swaps where the price difference matters.

DeFi Swaps

Changelly added DeFi swap functionality covering six chains: Ethereum, BSC, Polygon, Avalanche, Fantom, Optimism, and Arbitrum. This connects you to decentralized liquidity pools for token swaps within those ecosystems. Useful if you're already operating on-chain and want to swap tokens without bridging to a centralized service.

Changelly Pro

The Pro version is a separate centralized exchange—different product, different use case. It offers spot trading with order books, limit orders, and lower fees for active traders. Unlike the instant swap service, Pro requires account registration and holds funds on-platform. Think of it as Changelly's answer to users who want exchange features beyond simple swaps.

Fiat On-Ramp

You can buy crypto with credit/debit cards through Changelly's payment partners. Fair warning: the fees add up. Between card processing fees, provider markups, and exchange spreads, you'll pay more than the 0.25% swap fee. It's convenient if you need crypto fast and don't have any to swap, but not the cheapest option for regular purchases.

Wallet Integrations

Changelly integrates directly with major wallets including Ledger, Trezor, Exodus, and others. This lets you swap coins from within your wallet interface without visiting Changelly's site separately. The integration handles the swap mechanics while you stay in your familiar wallet environment.

Supported Cryptocurrencies

The platform supports 500+ cryptocurrencies across 185 blockchains. You'll find all the majors—BTC, ETH, XRP, LTC, SOL, ADA, DOT—plus a solid selection of altcoins and newer tokens. The list updates regularly as new coins gain traction. Meme coins, DeFi tokens, and Layer 2 assets are generally available within a reasonable timeframe of launch.

Fees

Changelly charges a flat 0.25% service fee on crypto-to-crypto swaps. That's straightforward and competitive—many instant swap platforms charge 0.5% or more.

What you actually pay depends on the rate type. Floating rates give you the market price at the moment of conversion, plus the 0.25% fee. Fixed rates include a premium for the price guarantee—typically 0.5-1% more than floating. Network fees apply on top, paid to miners/validators, not to Changelly.

Fiat transactions are where costs climb. Card purchases go through third-party providers with their own fee structures. Expect 3-7% total depending on your card, currency, and the payment processor handling the transaction.

Security

The non-custodial model is the main security feature. Changelly doesn't hold your funds in a hot wallet waiting to be hacked. Coins pass through the platform during the swap and go directly to your destination wallet. If Changelly gets compromised, attackers can't drain user balances because there aren't any user balances sitting there.

Standard security features include 2FA for account holders (Pro users), SSL encryption, and whitelist functionality for withdrawal addresses. The platform has operated since 2015 without a major breach—not a guarantee of future security, but a reasonable track record.

KYC Requirements

Most crypto-to-crypto swaps don't require identity verification. You provide a wallet address, not personal documents. That's a core part of Changelly's appeal for privacy-conscious users.

The exception: large transactions or those flagged by the platform's AML system may trigger KYC requests. If Changelly asks for verification, you'll need to provide ID documents to complete the swap. This affects a minority of users but catches some people off guard.

Fiat transactions always require KYC. You're buying crypto with a credit card—there's no anonymous way to do that.

How to Use Changelly

The process takes about two minutes:
1. Select your source and destination cryptocurrencies
2. Enter the amount you want to swap
3. Provide your receiving wallet address
4. Choose floating or fixed rate
5. Send your crypto to the deposit address Changelly generates
6. Wait for confirmation and receive your swapped coins

No registration, no account creation, no email verification (for crypto swaps). Just wallet-to-wallet transfers through Changelly's infrastructure.

Pros and Cons

Pros

  • 0.25% fee is among the lowest for instant swaps
  • Non-custodial—funds go straight to your wallet
  • No KYC for standard crypto swaps
  • 500+ coins across 185 blockchains
  • Operating since 2015 with clean security record
  • Hardware wallet integrations (Ledger, Trezor)
  • Fixed rate option locks in prices during volatility

Cons

  • Fiat purchases expensive (3-7% fees)
  • Large transactions may trigger unexpected KYC
  • Support response times can be slow
  • No advanced trading features on the basic platform

FAQs

Does Changelly require KYC?

Not for most crypto-to-crypto swaps. Large transactions or those flagged by AML systems may require identity verification. Fiat purchases always require KYC.

What are Changelly's fees?

Crypto swaps carry a 0.25% service fee. Network fees apply on top. Fiat purchases through card providers run 3-7% total.

How long do Changelly transactions take?

Average 5-40 minutes depending on blockchain congestion. Bitcoin transactions take longer than faster networks like XRP or Litecoin.

Is Changelly safe?

Changelly uses a non-custodial model—it doesn't hold your funds. The platform has operated since 2015 without a major security breach. Standard features include 2FA, SSL encryption, and whitelist addresses.

Changelly Review 2026: 0.25% Fees, 500+ Coins, No KYC Swaps

About the author

Ethan Parker
Senior Content Editor

At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.

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Instant Swaps • International
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