ChangeNOW Review

Getting nearly five-star ratings from thousands of user ChangeNOW reviews across platforms like TrustPilot, Google Play, and the App Store, this exchange has gained significant attention. Many users then wonder, "What is ChangeNOW's special point that makes it popular?".

Initially, I was skeptical, questioning, "Is ChangeNOW legit?". However, after trying it myself, this centralized exchange appears to deliver a unique approach that may appeal to users seeking simple crypto transactions with its non-custodial design.

While ChangeNOW offers ease of use, it lacks the professional-grade features provided by platforms like Binance or Bybit. Let’s dive deeper to see if it’s the right platform for your cryptocurrency trading needs, exploring key aspects like ChangeNOW fees and security.

Verdict at a Glance: ChangeNOW is a simple, beginner-friendly platform with a non-custodial design that prioritizes privacy. It also offers responsive and multilingual customer support. However, ChangeNOW lacks advanced features and transparency on fees or flagged transaction requirements, which may lead to sudden account restrictions.

ChangeNOW Review: Quick Overview

Before diving into the detailed aspects of this platform, let’s start this ChangeNOW review with a quick overview, showing the tool's supported coins, security measures, and more.

Table: Overview of ChangeNOW features

This snapshot should provide a clear overview of what to expect from ChangeNOW. As highlighted in the table above, the platform requires no Know-Your-Customer (KYC) procedures, emphasizing privacy and accessibility that cater to specific user needs while leaving room for consideration in areas like advanced features and fees.

Read More: Best No-KYC Crypto Exchange

Who’s ChangeNOW For?

After looking at user ChangeNOW reviews and testing the platform firsthand, I think this exchange stands out due to its non-custodial design, responsive customer support, and seamless user experience. These features make it particularly well-suited for:

• Casual crypto users. With no need for complex technical analysis or advanced tools, casual crypto users can benefit from ChangeNOW’s straightforward interface to make quick transactions.
• Privacy-focused users. ChangeNOW’s non-custodial design and no-KYC policy are standout features for privacy-focused users. Transactions are conducted directly between wallets, and in most cases, users are not required to share personal details.

So, who it might not be ideal for? Well, I don’t think ChangeNOW is suitable for high-volume traders. While not explicitly stated, I see some ChangeNOW exchange reviews highlighting those traders may need to provide documentation, which could be a deal breaker.

Advanced traders may also find the lack of advanced trading features, such as margin trading and professional technical analysis tools, to be a drawback. If the absence of fee transparency and advanced features concerns you, consider exploring other exchange options.

Read More: Best Cryptocurrency Exchange

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ChangeNOW Alternatives

Beginners or traders who like privacy may find this ChangeNOW review helpful. However, those who look for advanced features or have a high trading volume may need to explore other options eventually. Here are alternatives I’d like to suggest:

• Binance. This exchange provides extensive earning and trading options.
• Bybit. It offers a wide range of cryptocurrencies (1,600+) and advanced trading features.
• Coinbase. Accessible in the US and UK with the added benefit of a non-custodial wallet for secure asset management.

The table below provides a side-by-side overview to help you make an informed choice.

	COINBASE	BINANCE	BYBIT
Overall Score	9.6	8.1	8.0
Best For	Advanced Users & Beginners	Advanced Users & Beginners	More Advanced Users
Operating Countries	United States, United Kingdom, Germany, Canada, France, + 100 more	Turkey, Argentina, Vietnam, Ukraine, + 100 more	South Korea, United Kingdom, Ukraine, Turkey, +160 more
Latest Coupons	GET $200 REWARD All Coinbase Coupons	SECURE $600 BONUS All Binance Coupons	See All Coupons of Best Exchanges
Verdict	A reliable, well-known and respected cryptocurrency exchange platform.	One of the leading crypto exchange platforms in the industry.	A popular crypto derivatives exchange with some super-low trading fees.
	Visit site Read review	See TOP10 Brands Read review	See TOP10 Brands Read review

Table: Comparison of Binance, Bybit, and Coinbase

If you’re curious about what ChangeNOW has to offer, it’s worth exploring its advantages to determine if it aligns with your needs. This platform may still hold value for you in case you’re looking to benefit from its straightforward features or simply add it as a diversification tool in your crypto trading strategy.

Advantages

ChangeNOW offers a range of benefits that I think are suitable for both beginners and casual traders, emphasizing ease of use and privacy. Based on my experience and the key advantages frequently mentioned in user ChangeNOW reviews, some standout features include:

• No-KYC required;
• Responsive and multilingual support;
• All-round crypto ecosystem.

One of the reasons ChangeNOW stands out is its position as a non-KYC exchange. For most transactions, this platform doesn't require users to undergo KYC procedures, making it a go-to platform for users prioritizing privacy. It allows users to swap, buy, and sell cryptocurrencies without registering an account, although users may need to undergo additional verification for transactions flagged as suspicious or required by payment gateways.

Additionally, ChangeNOW extends its functionality beyond simple crypto swaps with its all-around crypto ecosystem, which includes the NOW Wallet and NOW Tracker. The NOW Wallet provides a secure, non-custodial option for storing cryptocurrencies, while the NOW Tracker helps users monitor their portfolio’s performance in real-time. Both tools are free, offering users a convenient and unified way to track their assets.

Beyond its no-KYC design and integrated ecosystem, I personally appreciate ChangeNOW’s responsive and helpful customer support. Nonetheless, the platform takes pride in offering 24/7 assistance, ensuring that users receive timely and effective solutions to their queries. Its multilingual support further underscores its commitment to making the platform accessible to a global audience.

Limitations

Now, let’s take a closer look at some of the limitations that may affect certain users. Drawing from user ChangeNOW reviews and my own experience, these insights aim to provide a balanced perspective on areas where the platform might fall short, helping you determine if it’s the right fit for your cryptocurrency needs.

• No advanced trading features;
• Limited support for high-volume traders;
• No mention of KYC or ChangeNOW fees.

ChangeNOW focuses on simplicity and accessibility, but this comes at the expense of advanced trading features. Unlike platforms like Binance or Bybit, ChangeNOW doesn’t offer tools such as margin trading, futures contracts, or in-depth charting for technical analysis.

Also, one recurring observation from user ChangeNOW reviews is that large trades may require additional verification or adjustments, sometimes resulting in sudden account suspension.

So, does ChangeNOW require KYC for exceeding a specific amount? While the platform likely has such thresholds, it doesn't explicitly outline its KYC requirements or fee structure upfront. Fees are embedded in exchange rates and not displayed separately, making it difficult for users to gauge their true costs beforehand.

Fees and Limits

Based on what I see in many user ChangeNOW reviews, people seem to be satisfied with ChangeNOW fees, saying that the swapping cost, specifically, was lower compared to other exchanges. The fees depend on the currency and exchange amount.

Unfortunately, ChangeNOW doesn't display a transparent pricing table or explicitly state its exchange fee rate. All fees, including potential mining fees, are incorporated into the estimated exchange rate, which is only visible during the swapping or buying/selling process. The lack of fee transparency can make it difficult for users to compare costs with other cryptocurrency trading platforms.

The good news is that it’s possible to earn cashback in the form of NOW tokens, depending on your membership level. You automatically reach the VIP level once signed up, which is eligible for 0.1% cashback for every exchange transaction.

If you want to increase your cashback rate, subscribe to its paid membership (ChangeNOW Pro), which costs $15 per month for the Emerald package and $100 for the Brilliant package. The higher your membership level, the bigger your cashback rate and anti-money laundering (AML) checks.

Trading Tools

Unlike many other exchanges, ChangeNOW doesn’t offer advanced trading tools like charts, order books, or limit orders. Instead, it operates as an instant exchange platform – no KYC required. You receive the best available rate at the time of the transaction, but you can’t set specific price targets. At the time of writing this ChangeNOW review, it supports over 900 cryptocurrencies, including BTC, ETH, and SOL.

In addition to swapping cryptos, you can buy or sell cryptocurrencies using one of the 50+ fiat currencies on ChangeNOW. The feature is facilitated through payment gateways supporting options like debit/credit cards and Google Pay.

Still, does ChangeNOW require KYC when buying crypto with fiat? ChangeNOW itself doesn’t mandate KYC verification, but note that the payment gateways may require you to provide personal and financial information. Proceed with caution if privacy is a major concern for you.

ChangeNOW also provides loans without credit checks that involve putting your crypto assets as collateral. This loan has an annual interest rate of 10%, compounded monthly – interest is included in the regular monthly repayments.

Learn More: Best Crypto Lending Platform

Staking and Earning Rewards

Many user ChangeNOW reviews don’t mention this, but it’s possible to stake on ChangeNOW by signing up for ChangeNOW Pro, where you can deposit and stake NOW tokens to earn rewards.

To sign up for ChangeNOW Pro, you need to verify your identity by uploading a document (ID card, passport, driver’s license, or residence permit) and taking a selfie. Once a user deposits NOW tokens, those are automatically staked. The total rewards earned depend on both the amount of tokens staked and the staking duration.

• Stake at least 10 NOW to get a staking reward;
• The upper limit is 100,000 NOW;
• Earn up to 6.25% per annum.

Compared to another exchange like Binance, which offers staking for a wide range of cryptocurrencies such as ETH, SOL, and AVAX, ChangeNOW Pro is restricted to staking only NOW tokens. Additionally, the types of staking available are limited, reducing flexibility for users seeking diverse staking opportunities or higher yields from popular assets.

Security

Earlier in this ChangeNOW review, I mentioned that this platform is non-custodial, meaning that ChangeNOW doesn’t hold user funds or private keys. Transactions are processed directly between user wallets, reducing the risk of hacks targeting the platform's custody. Users can also make swaps without entering an email address, minimizing the risk of personal data breaches.

So, is ChangeNOW a decentralized exchange (DEX)? Although ChangeNOW operates with a non-custodial model, it’s not a fully decentralized exchange. The distinction lies in the level of decentralization in its operations. In a DEX, transactions occur directly on the blockchain^[1] using smart contracts, and there’s no central authority overseeing the process. ChangeNOW, on the other hand, serves as a centralized service facilitating non-custodial swaps.

It uses the infrastructure to process transactions between wallets but retains control over some operational elements, such as setting exchange rates and potentially flagging suspicious transactions. This "hybrid" model combines the privacy and security benefits of non-custodial systems with the user-friendly experience of centralized exchanges.

What about a user who registers using an email address; is ChangeNOW safe nonetheless? I think we can’t be 100% sure about this, but ChangeNOW provides two-factor authentication via a third-party authenticator that requires you to enter a confirmation code sent to your inbox whenever you log in.

In case you have to complete a KYC/AML procedure (e.g., the team suspects your account or you want to sign up for ChangeNOW Pro), ChangeNOW partners with a KYC provider to help detect a false set of documents and ensure a safe environment.

Besides, I particularly like the AML check feature on ChangeNOW. It allows users to assess the potential risk associated with crypto addresses, providing valuable insights to help protect them from scams and other fraudulent activities. At the time of writing, it lists 16 popular assets for verification, ensuring a comprehensive assessment of the addresses in question.

Customer Support

When I first explored this exchange, I was impressed not only by the aesthetically pleasing web design but also by the responsive customer support, a noteworthy aspect of my ChangeNOW review. So, what is ChangeNOW’s customer support like?

Initially, I was greeted by a chatbot offering various assistance categories. When the chatbot couldn't resolve my issue, it seamlessly transitioned to a "speak with an agent" option. I was impressed by the speed of the agent's response, which was both helpful and concise. For your information, customer support is available 24/7 in multiple languages.

Is ChangeNOW safe and still prioritizing privacy when interacting with the agent? The short answer is – yes. Generally, it doesn’t require an email address when you contact their live customer support. Such a thoughtful process aligns with the platform’s privacy-focused ethos, ensuring users can address their concerns without compromising personal information. However, in some cases, like when you're making a large transaction or if there's a lot of activity on the platform, you may need to share your email address and transaction ID to help the support team assist you better.

Beyond live chat, support options include email, submitting a request through the website, or accessing the comprehensive help center. For community-based support, users can join the official Telegram community to interact with other members and seek assistance.

User Experience

The no-KYC process itself may draw many traders’ attention. However, in my ChangeNOW review, I want to highlight the overall aspects of user experience that may be often overlooked.

First, I like that users are immediately presented with core functionalities on the dashboard right after signing up: exchanging, buying, and selling cryptocurrencies. They can sign up using an email address or crypto wallet to maintain privacy. Even if they don’t register, users can swap cryptocurrencies directly from the homepage – no registration or complicated navigation. Such a feature, I think, is both innovative and convenient, making it ideal for quick transactions.

Another strong point is its ability to do fiat-crypto transactions with various payment options. You can buy cryptocurrencies using debit/credit cards, Apple Pay, Google Pay, ACH transfers, and more, ensuring users with different payment preferences can easily purchase their desired coins.

Additionally, ChangeNOW offers complementary services such as NOW Tracker and NOW Wallet, providing users with tools for portfolio management and non-custodial storage. This expanded ecosystem improves the platform's value proposition for users seeking an all-in-one crypto solution.

Localization and Regional Adaptability

A key aspect of improving user experience lies in how a platform approaches its localization strategy.^[2] ChangeNOW demonstrates a strong commitment to this with its thoughtful localization features, making it worth highlighting in this ChangeNOW review.

From the moment you land on the website, the multilingual interface stands out. You can explore the language options by clicking the flag icon in the upper-right corner. At the time of writing, the platform supports 16 languages, including Korean, Italian, and Indonesian. With this feature, users in regions where English isn’t the primary language should be able to navigate the platform comfortably and fully understand its offerings.

ChangeNOW doesn’t stop at providing a multilingual website since it also offers multilingual customer support and allows users to buy crypto with over 50 fiat currencies, emphasizing a more inclusive experience.

Additionally, ChangeNOW’s non-custodial design plays a crucial role in its regional adaptability. By allowing users to trade directly between wallets without holding funds, the platform avoids many of the regulatory restrictions that centralized or custodial exchanges face.

How to Use ChangeNOW

Based on the information provided about ChangeNOW, would you consider using this exchange? If the answer is yes, I dedicate this section of my ChangeNOW review to show you a step-by-step guide on how to create a ChangeNOW account and make a transaction on the platform. Let’s get started!

How to Create a ChangeNOW Account

To start swapping, buying, or staking on the ChangeNOW exchange, you need to create an account by completing these steps:

Step 1: Visit the ChangeNOW website and click the [Sign Up] button in the upper right corner.

Step 2: Sign up using an email address, create a password, and verify the captcha. Alternatively, connect to your wallet by clicking the blue wave icon above the email address field. There are many crypto wallets to choose from, including Ledger Nano X and Bitget Wallet Lite.

I used MoonPay to connect to ChangeNOW, so I pressed the blue wave icon, clicked [View All], and searched for “MoonPay”. Then, I selected [Web] and entered my email address on the MoonPay page to confirm the connection request.

Once connected, you should see the ChangeNOW dashboard, showing its [Exchange] feature, your profile, and other menus like [Balance] and [Cashback].

How to Swap on ChangeNOW

Swapping is one of the core features mainly highlighted in user ChangeNOW reviews due to its simple and quick process. Let's explore how this swapping process works:

Step 1: Go to your dashboard and click the [Exchange Crypto] tab. Then, select the currency you want to exchange in the [You Send] section and the one you want to receive in [You Get]. Enter the amount in each section, and see the exchange rate for this swapping process. Don’t forget to enter the recipient's wallet address. Next, click [Exchange] to proceed.

Step 2: You should be forwarded to the next step, where you need to send the funds you’d like to exchange to the provided address. Scan the QR code or copy the address to send the money.

Step 3: Once you send the money, the status should change to “Confirming” and “Exchanging”. Wait until you see the “Success!” page.

Check your wallet to make sure you’ve received the funds!

How to Buy Cryptocurrencies on ChangeNOW

While ChangeNOW is known for its simple swapping interface, you can buy or sell cryptocurrencies directly on the platform using a payment gateway. Note that this process requires providing card and personal information, which may not align with a completely KYC-free experience. If you're comfortable sharing this information, follow these steps:

Step 1: Select the [Buy / Sell Crypto] tab on your dashboard. Choose a currency and crypto you want to get, as well as the amount you want to pay. After that, enter the payout address, pick your preferred payment gateway, and click [Exchange].

Step 2: You should be redirected to the payment gateway’s page. I picked “Simplex”, and I had to fill in my card details, billing address, and personal information (name, phone number, and email address) to complete the payment. Once done, I clicked [Pay Now].

Congratulations! You've successfully purchased cryptocurrency on ChangeNOW using a payment gateway. As this method requires sharing personal information, you may want to explore alternative platforms if privacy is a key concern.

Comparison to Other Popular Exchanges

If you’ve reached this point in my ChangeNOW review, you’re now familiar with the platform’s pros and cons. While ChangeNOW stands out for its non-custodial design, ease of use, and responsive customer support, it may fall short for traders seeking advanced features. For those considering alternatives, here’s an overview of other popular exchanges and how they compare to ChangeNOW in meeting different trading needs.

ChangeNOW VS Binance

As one of the most popular exchanges, Binance stands out for its ability to offer a comprehensive ecosystem. It supports spot, margin, and futures trading, along with staking and an NFT marketplace.

However, the extensive features mentioned above can feel overwhelming for beginners. Additionally, Binance requires full KYC compliance and operates under regional restrictions. Countries like the US, UK, Canada, and Singapore are among those where Binance’s services are limited or banned.

In contrast, ChangeNOW outshines Binance in terms of accessibility. Its non-custodial nature allows users worldwide to swap cryptocurrencies directly from their wallets without needing an account, bypassing many regional restrictions. The platform’s simplicity and beginner-friendly interface make it a practical option for those new to crypto trading or seeking a hassle-free experience.

Further Reading: Binance Review

ChangeNOW VS Bybit

ChangeNOW is a non-custodial swap platform designed for simplicity and privacy. It allows users to exchange over 900 cryptocurrencies without creating an account. Transactions are straightforward, with minimal barriers to entry, making it ideal for quick and anonymous swaps.

Bybit, on the other hand, is a centralized exchange that provides advanced features and multiple trading options, like derivatives, margin trading, P2P trading, and even trading bots. Furthermore, it lets users trade more than 1,600 assets, adding versatility. Still, Bybit mandates KYC for all users, which could be a drawback for those seeking anonymity.

Overall, ChangeNOW suits users looking for a fast and private way to trade crypto or access lesser-known coins. Bybit, meanwhile, is better suited for professional users seeking a wider range of trading options.

Find Out More: Bybit Review

ChangeNOW VS Coinbase

In case you’re looking for an exchange that is user-friendly yet offers access to professional features and supports more jurisdictions, Coinbase can be a strong alternative. Its intuitive interface suits beginners, while advanced traders can use Coinbase Advanced for more sophisticated tools. Additionally, Coinbase is available in major regions like the US and UK, though it still has some restricted countries.

Compared to ChangeNOW, Coinbase’s jurisdictional reach is narrower due to regional restrictions. However, Coinbase provides the option to explore non-custodial solutions through its Coinbase Wallet, allowing users to manage their private keys and retain full control over their assets.

If we talk about accessibility and customer support, I think you may like ChangeNOW better. The main reason is that ChangeNOW users can receive help without signing up, unlike Coinbase, which requires an account for personalized assistance.

Learn More: Coinbase Review

Pros

• Secure and reliable
• Low fees
• A good amount of fiat currencies accepted

Main Features

• Reputable exchange
• Multiple fiat currencies are accepted
• Relatively low trading fees

See All Coupons of Best Exchanges

Pros

• Fiat currencies - accepted
• Simple to use
• Accepts only the most trustworthy cryptocurrencies

Main Features

• A leading cryptocurrency exchange platform
• Best for beginner investors
• Accepts fiat currencies

See All Coupons of Best Exchanges

Pros

• Fully reserved and transparent
• Multiple tradable asset classes
• Early new token support

Main Features

• 265 supports cryptocurrencies
• Secure & transparent
• Fully reserved

See All Coupons of Best Exchanges

Conclusions: Is ChangeNOW Right for You?

Based on this ChangeNOW review, the platform is well-suited for users seeking a quick, simple, and private way to exchange cryptocurrencies without creating accounts or entrusting funds to a custodial service.

Its non-custodial nature improves security by eliminating the risks associated with fund storage, and the no-KYC policy for most transactions appeals to privacy-conscious users.

While ChangeNOW excels in convenience and straightforward swaps, those needing advanced trading features might find other platforms like Binance, Bybit, and Coinbase more fitting.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Alamsyah, R., Kusuma, G. N. W., Ramadhani, D. P.: 'A Review on Decentralized Finance Ecosystems';

2. Lako, C.: Shifting Focus onto the End-User'.