Changelly Alternatives

Before we jump into the list of top Changelly alternatives, let’s first understand how the non-custodial instant exchanges can be more attractive and secure for swapping coins.

Imagine holding ten different cryptocurrencies in ten different, designated wallets. Inconvenient, right? It requires a lot of time and effort to access all of them. Naturally, the best thing to do in this type of situation would be to exchange them into one specific currency, and for that, you’ll have to use a cryptocurrency trading platform. Well, while the constantly-changing crypto world has created a great number of such choices, it has also raised the question of which of them it is better to use.

Initially, centralized exchanges opened an essential door to cryptocurrency trading. A crypto trading platform has to be secure, reliable and smooth for it to work and attract users but as the time passed by, certain weak points of centralized exchanges were revealed; long and taxing processes of signing up, the reluctance of people to deposit funds with exchanges due to lack of account privacy and tempting target for hackers to name a few.

This is why non-custodial exchanges became publicly renowned – for not holding users’ funds and arranging a functional yet instant platform for crypto trading.

When it comes to swapping cryptocurrencies, you must have heard of Changelly on various forums and rightly so. It has been the first choice for people who want to swap coins without opening accounts in exchanges. Changelly is a leading non-custodial instant cryptocurrency swap platform that acts as an intermediary between crypto exchanges and users, providing 140+ cryptocurrencies for a seamless swap. It is one of the most prominent exchanges that has gained the trust of more than 2M users from all over the world. The company aims at providing a frictionless exchange process for everyone who wants to invest in cryptocurrency. Changelly offers its API and a customizable payment widget for any crypto service that wishes to broaden the audience and implement new exchange options.

There is a wide criterion that draws a line between various instant exchanges and in the end; it comes to the user’s preferences. One person may be interested in finding a low-cost exchange while another may be looking for a platform that supports more coins. In order to be more illustrative, and obviously after giving credit to Changelly, let’s place some Changelly alternatives under a magnifying glass to help navigate your way through the coin-swapping world.

1. Anyswap

Source: Fusion Foundation

On July 20th, Anyswap — a Fully Decentralized Cross-Chain Swap Protocol was officially launched. It is a new player in the town and it is highly anticipated that Anyswap is here to stay. Anyswap is based on Fusion DCRM technology, with an automated pricing and liquidity system. Anyswap enables swaps between any coins on any blockchain which uses ECDSA or EdDSA signature algorithms, including BTC, ETH, USDT, XRP, LTC, FSN, etc.

What makes Anyswap the top Changelly alternative?

• Centralization is dangerous for users:
  

Some users are of the view that centralized platforms are risky as it’s up to them to keep customer’s funds and never send coins. Even Changelly is not without its controversies; its users have complained that the exchange can hold Monero and force KYC before releasing funds. The Prague-based service should, therefore, be used with caution by anyone wishing to obtain privacy coins or to swap large quantities of cryptocurrency

This is the main benefit of Anyswap as it allows users to deposit any coins into the protocol and mint wrapped tokens in a decentralized way. Even if one miner decided to block a certain transaction, others would step in, include it in a block they mined and collect the transaction fee. An additional advantage of decentralized systems is their improved collision resistance: Coordination in a distributed network is harder than in centralized ones.

• Lower cost
  

Anyswap is the cheapest among all the alternatives. It charges a fee of only 0.4% for every swap transaction, among which 0.3% will go to liquidity providers and 0.1% will go to Anyswap Company.

Network fees on fusion network are fifteen times lower than Ethereum transaction fees. The transaction fee on the latter has been on the rise recently. In fact, fees on the Ethereum network even rose above the Bitcoin twice this year. On the contrary, the foremost benefit of the Fusion network is undoubtedly the economy of its service as the company demonstrates a genuine commitment to lowering the cost of online trading. It offers low forex fees along with nil inactivity, deposit, and withdrawal fee.

• Support for Metamask and Ledger wallets
  

Anyswap is initially supporting Metamask and Ledger wallets, and more hardware wallets are expected to be added. MetaMask is a cryptocurrency wallet but also a web browser extension (available in Chrome, Firefox, and Brave) used to store, send and receive Ethereum and ERC20. In other words, it allows users to make Ethereum transactions through regular websites. MetaMask can be used to store keys for Ethereum cryptocurrencies only. The Metamask third-party Wallet lets you connect your Ledger device to their platform, so you can securely display your balances and manage your transactions.

2. Flyp.me

Source: Fusion Foundation

Flyp.me is another alternative to Changelly that allows you to exchange one crypto to another in an anonymous way. This company basically capitalized on the demise of Shapeshift as it rebranded just after the news of Shapeshift’s pivot broke.

What makes Flyp.me a good Changelly alternative?

• Instant account less exchange:
  

Using Flyp.me, instantly and securely exchange 26 cryptocurrencies including BTC, dash, and LTC straight to your crypto wallet and no registration, email, or ID will be required; neither does it use web trackers or third-party analytics.

• Control of funds:
  

With Flyp.me you are always in control of your funds and have an option to become an FYP token HODLer to get 50% profit sharing forever.

• Better liquidity:
  

One of the challenges of such types of services is to gather enough liquidity, but currently, Flyp.me has very decent liquidity of 10 BTC every day.

3. Coin switch

Source: Fusion Foundation

CoinSwitch represents a multi-exchange platform that offers various services to choose when exchanging cryptocurrency. Users can trade anonymously on any exchange like Bittrex, Binance, and KuCoin with ease.

Why do we think Coinswitch is a good Changelly alternative?

• No registration required:
  

The best thing about this platform is that it doesn’t require you to make an account or registration on any exchange, not even on CoinSwitch itself. This option is available, as CoinSwitch is integrated with a number of API providers, including Changelly and ChangeNOW.

• Option to choose from top offers:
  

Moreover, it allows you to see the best offers available to you for a particular cryptocurrency pair that you wish to trade.

• Wide range of supported coins:
  

With over 400 cryptocurrencies covered, this Changelly alternative boasts an enviable array of digital assets. The service aggregates a host of other changing services and exchanges including Shapeshift and Hitbtc. While its range of altcoins can’t be faulted, Coinswitch would benefit from providing greater clarity on the information it requires from its users. 100+ out of these supported coins are also available for fiat-to-crypto exchange.

• Low fees:
  

CoinSwitch also offers a low fee range from 0% to 0.49% depending on the exchange for a transaction.

4. Luno

Source: Luno

Luno claims to be the world’s most trusted, secure, and reliable Bitcoin Exchange. While the platform itself is secure and intuitive, it is geared more for the mobile devices and web-based services, unlike the other platforms that have their own desktop software with lots of advanced market features.

Why is Luno included in the list of Changelly alternatives?

• Reliable platform:
  

All of the Luno’s products and services are built on highly secure bank-grade technology platforms, which are regularly reviewed under independent technology and financial audits.

• Multiple countries and customer support:
  

Luno provides local currency trading in a number of countries. It also has dedicated and experienced customer support in local languages of these markets.

• Fast and compliant:
  

This Changelly alternative has a simple low-latency trading engine which is fast and compliant and ensures the best execution of transaction irrespective of time and place. The high-quality APIs result in robust integration and trading automation.

5. ChangeNow

Source: Fusion Foundation

ChangeNow is an instant cryptocurrency exchange service for limitless crypto conversions which provides its API for wallets and other platforms. Thus, crypto services do not need to develop their own solution for the coin exchanges but take advantage of the ready-made technical proposal from ChangeNOW. It has a better reputation than most of the exchanges and has partnered with multi-platform wallets including Exodus, Ledger, ClassicEtherWallet, and Trezo.

What makes ChangeNow a good Changelly alternative?

• No Registration:
  

ChangeNOW was built on the exchange API provided by Changelly, so it resembles Changelly but seems to ask fewer questions. No registration is required here; only an email should be provided to get updates upon transaction status and in order to contact the support team in case of a need.

• Widest range of supported coins
  

ChangeNow is a good alternative to Changelly as they support more than 10,000 currency pairs and the list is constantly growing. A wide range of popular cryptocurrencies, including Bitcoin Cash and Monero, is covered, as well as a handful of less popular ones such as Pepecoin.

• Limitless exchange:
  

ChangeNow gives the customer all the freedom— they can start with less than $2 in their favorite coin. There is no set upper limit so users can swap as much crypto in one go as they want.

• Best Exchange rates:
  

ChangeNow works with multiple cryptocurrency trading platforms and exchange partners to guarantee the best exchange rates for their clients.

6. Uniswap

Source: Fusion Foundation

Uniswap is a fully decentralized exchange in the form of two smart contracts hosted on the Ethereum blockchain, as well as a public, open-source front-end client. It’s a 100% on-chain market maker allowing the swapping of ERC20 tokens, as well as ETH to an ERC20, and vice-versa.

Why is Uniswap included in the top Changelly alternatives?

• A solution to Liquidity problem:
  

Uniswap’s main distinction from other decentralized exchanges is the use of its pricing mechanism called the “Constant Product Market Maker Model.” It is trying to solve the decentralized exchange’s liquidity problem as it allows the exchange to swap tokens without relying on buyers and sellers creating that liquidity. Other platforms match buyers and sellers to determine prices and execute trades; Uniswap uses a simple math equation and pools of tokens and ETH to do the same job. 

• Beneficial for small traders:
  

Uniswap has a number of advantages for small-traders as compared to other DEX competitors. These mainly include: Uniswap has no listing fees, requires no native tokens and some of the cheapest gas cost of any DEX. The project is inherently permission-less, which means that any individual can create any ERC market if they have an equal amount of ETH to back it. It is currently one of the most active Decentralized exchange.

 7. Switcheo

Source: Fusion Foundation

Switcheo is a decentralized cryptocurrency exchange that is positioned as ‘The Preferred Exchange’.  It is currently integrated with three blockchains including NEO, Ethereum, and EOS blockchains to support ERC-20, NEP-5, and EOS tokens. The cryptocurrency trading platform also offers Over-The-Counter services and has Atomic Swap markets which allow traders to do cross-chain trades without requiring a trusted third party.

What makes Switcheo a suitable Changelly alternative?

• Simple and user-friendly:
  

There’s nothing cryptic about crypto on Switcheo. This exchange is very user-friendly and has a simple, intuitive, and uncluttered design that makes it easy to use for both new and regular traders.

• Secure and immune to hackers:
  

All transfers of funds and trades on the Switcheo Exchange are done through smart contracts. As a result, it is immune to typical exchange hacks as it does not store users’ funds in its own wallets – which is the main target of hackers. It gives the user complete control by integrating their existing NEO wallet within its platform. The lack of this central point of weakness makes trading on Switcheo Exchange very secure.

• Customer service:
  

Switcheo has a direct message interface available through its Support platform, where the team typically replies within a few hours. In addition to that, the Switcheo team is also readily available and active on all major social media platforms.

• Simple and economical fee structure:
  

The fee structure at Switcheo is very simple. There is no fee for order makers, whereas order takers are charged a trading fee of 0.15 percent. Also, if you hold the Switcheo Exchange Token, trading fees will be reduced to 0.075% (meaning a 50% discount).

If you thought that it was economical enough on its own, then you might be surprised to know that this platform only charges the network fee when you withdraw crypto. This is a more consumer-friendly withdrawal fee model than what industry average in the crypto industry.

Conclusion:

To cut the above discussion short, it is obvious that the non-custodial instant exchanges are, in general, more reliable and attractive for users than the traditional exchanges. However, finding and choosing the best exchange is more of a personal choice as each Changelly alternative has its merits and demerits. There is no ‘this is the best exchange’ view as every user has different purposes, needs, and expectations, a single platform cannot suit all of them which makes it a subjective choice. All these exchanges, more or less, operate at the same level of geographic and transaction limits, each one of them has got its own benefits

And as it is said that Forewarned is forearmed, it is strongly suggested to keep your knowledge and experience constantly updated in order to become a well-versed user. This research is basic and is only sufficient for starters.

Disclaimer: This is a paid post and should not be considered as news/advice.