Changelly is an instant, non-custodial cryptocurrency exchange founded in 2015. It lets you easily swap between 1000+ crypto assets or buy crypto with fiat without ever holding your assets directly—your crypto stays in your own wallet until swapped marketplacefairness.org+11changelly.com+11fool.com+11.

✅ Key Features

• Crypto-to-Crypto Swaps
  – Flat ~0.25% fee per swap reddit.com+4coinsutra.com+4marketplacefairness.org+4
  – Fast execution—typically 5–40 minutes reddit.com
  – Non-custodial: you retain control of your keys fool.com
• Fiat On-Ramp (Buy/Sell)
  – Supports USD/EUR/GBP via third-party providers like MoonPay, Simplex reddit.com+2sitejabber.com+2reddit.com+299bitcoins.com+9fool.com+9marketplacefairness.org+9
  – Fees can be steep (~5% or more) sitejabber.com+3changelly.com+3reddit.com+3
• Platform Options
  – Web and mobile apps (iOS/Android) marketplacefairness.org+799bitcoins.com+7fool.com+7
  – Changelly PRO offers advanced tools like multi‑currency wallets, 2FA, withdrawal whitelisting changelly.com+15finder.com+1599bitcoins.com+15
• Wallet Integrations & API
  – Integrates with Ledger, Trezor, Trust Wallet, Exodus, and others fool.com
  – Provides API and exchange widget to partners like Binance, CoinMarketCap crunchbase.com+1finder.com+1

⚖️ Advantages

BenefitExplanationWide crypto selectionSupports 500–1000+ coins and tokens Quick swapsTypically completed within minutes No account required initiallyOnly email needed, KYC only if flagged Non-custodial controlYou always keep your crypto in your own wallet Low crypto-to-crypto fees0.25% is competitive among swap services

⚠️ Risks & Drawbacks

• Fiat fees are high: ~5% or more with credit/debit changelly.com+9coinsutra.com+9reddit.com+9
• Limited fiat currencies: only USD, EUR, GBP marketplacefairness.org+199bitcoins.com+1
• Jurisdiction restrictions: Not available in the U.S., Cuba, North Korea, Iran, etc.
• Opaque fee structure: Some fees (margins, network, withdrawal) are unclear reddit.com+7finder.com+7sitejabber.com+7
• Customer support issues: Mostly ticket-based—users report slow response sitejabber.com+5finder.com+5marketplacefairness.org+5
• Compliance/KYC pitfall:
  – Users have reported frozen funds, delayed withdrawals—even after KYC/AML compliance reddit.com+8reddit.com+899bitcoins.com+8
  – Many Reddit threads share stories of frozen transactions lasting months

🛡️ Bottom Line

Changelly can be a fast, convenient non-custodial option for swapping crypto—for those comfortable handling wallets, KYC surprises, and possible delays. It shines in crypto-to-crypto swaps but is less ideal for low-fee fiat purchases or users expecting quick support and transparent fee breakdowns.

If your primary need is crypto-to-crypto swapping and you're fine with occasional compliance hurdles, Changelly is a solid option. However, if you're looking for full-service fiat integration, instant support, or assurance of access, you may want to explore alternatives.

🛠️ Alternatives to Consider

• Swap services/DEXes: Uniswap, 1inch, Changelly alternatives like ChangeNOW.
• Full exchanges: Binance, Kraken, Coinbase for fiat-supported, regulated platforms.