Changelly Exchange Review

Since 2015, Changelly has made it an aim of theirs to remove the technical barriers of trading, impeding the entry of new entrants into the cryptocurrencies market. Their automatic trading robot integrates with some of the world’s other large cryptocurrency platforms, includdsdsing Poloniex and Bittrex, and operates by offering and asking for bids on exchanges, while suggesting the best rates on the most favorable trading pairs to its users. Changelly is back by a number of reputable partners, including: Jaxx, Coinmarketcap, Bittrex, Coinpayments, and Uquid debit card, to mention a few. Changelly is currently offering the easy and effortless conversion of more than 80 altcoins and other tokens.

Changelly Exchange Review

Currency Support

Changelly offers its users the options for the exchange of two currencies easily and seamlessly, the wide range of trading pair options available is what makes this platform particularly appealing. Furthermore, Changelly allows users the option to create their own trading pairs with one transaction, giving the software a chance to show its medal, taking care of your transaction for you.

The recent addition of the support for fiat currencies is a feature that allows users to transfer fiat currencies for digital ones. This can be done by way of either a debit or credit card transaction. Although this recent addition has experienced some early teething problems, it is a welcome addition to the platform, enhancing and improving the convenience to the users’ experience.

Fees

Changelly guarantees that all trades are commissioned at a static fee of 0.5%, and is one of the major benefits of using this service. Cheaper rates are available when you work directly through a market trading platform, however, if you plan to make a larger number of smaller trades to move your altcoins, the Changelly may be the better cost option for you. Changelly also charges 0% withdrawal fees, and is proud that users will not find any hidden fees attached. Changelly does however charge a large fee when converting both USD and EUR.

Customer Support

Reliable customer support seems to be one of the struggles that need to be overcome throughout the entire digital currency arena, and Changelly is not immune to these teething challenges. On the whole though, Changelly seem to be tightening their belt in this department, team members more often than not replying to queries within a 24-hour period. This includes reports of satisfied customer complaints and queries. The Changelly exchange platform is rather simple and straightforward to understand, allowing the most novice of users to easily and readily available to trade their altcoins.

The in-depth FAQ section on offer by Changelly will help users to get better acquainted with the fundamental ins and outs of the Changelly platform as well as the cryptocurrency trades. The support offered through the website and via email services, should be enough to get you through the beginner phase, and onto more intermediate-level trading.

Public Opinion

Of those that have chosen to express their opinions with the Changelly Exchange, reviews have been praise-worthy for the fast solution and turnaround times on issues regarding user’s mistakes with the Wallet or blockchain choices. If you keep an eye on your fees as well as your wallet address, other users feel that your experience with Changelly should be a smooth and satisfying one, even though systems across the entire cryptocurrency trading market are still overcoming a number of barriers and obstacles.

Check out the reviews and ratings here for other exchanges!

Changelly as a whole, does pretty much what they say they do. Offering fast and efficient transactions with a number of different currencies, both fiat and digital, in an easy to understand and secure trading platform. Their security features and additional insurance should give investors a little extra confidence in the services and protection that Changelly has to offer. Safe, fast, and secure.

Effective Bitcoin Investment Strategies

Creating an Effective Bitcoin Investment Strategy

Are you thinking about hopping on the Bitcoin freight train? With cryptocurrencies getting more and more popular each day, it’s shouldn’t come as a surprise why so many people want to test the waters and see what the hype is all about. The thing is, Bitcoin isn’t all hype. It has come so far over the years, and now many digital coins are being accepted as a form of payment in thousands of establishments across the globe. Still, you should learn how to create a solid Bitcoin investment strategy to increase your chances of success.

Why is Bitcoin Popular Among New Investors?

This year, Bitcoin and cryptocurrency, in general, have skyrocketed in popularity. It’s amazing to think that back in January, Bitcoin is valued at $800. But right now, a single bitcoin is equivalent to a whopping $17,000 and the year isn’t even over! This means if you invested in Bitcoin in January, you have grown your money by 20 times. This level of growth is virtually unheard of in the realm of traditional investing. In digital currencies, however, it’s truly possible to double your money overnight.

As you can see, the rewards are high in investing in cryptocurrency. But this also means that the risks are equally as high. While it’s possible to double your money almost in an instant, you could also lose it just as quickly. Such is the volatile nature of the cryptocurrency market. It’s not uncommon to see a particular coin rise in value by over 200% and then plummet back down all of a sudden. If you miss the ride up, you’ll surely get hurt in the fall.

bitcoin investment plan

How to Minimize Risks?

The most important thing to keep in mind is that once you put your money in digital coins, you should accept the risks that come with it. The risks are considerably higher compared to investing in stocks, but the rewards are also higher. As a general rule, it’s recommended to invest in digital coins that have real-world applications. In most cases, these are the coins that rank in the top 10 to 15 in market cap. Bitcoin, for instance, ranks number one, and it has proven to be useful in the real world.

You can think of Bitcoin as digital gold. It is an excellent choice for a long-term store of value, but it’s not what you’d use for day to day transactions. For this reason, a huge chunk of your money should go into a Bitcoin investment strategy and a smaller portion of the other coins you want to invest in.

If you choose, you can try day trading. Since it’s common for many coins to rise in value by 10% or more, it’s easy to see how much money you could make daily. But again, the risks are always there. Never trade more than you could afford to lose. It’s a safer choice to hold on to your coins for the long term and wait until their value increases.