Economy
Complete Changelly.com Review | Strengths And Weaknesses To Consider
Understanding the key players in this transformative space is critical in an era where digital currencies continue to revolutionize financial transactions. The Traders Union has thus embarked on a mission to provide exhaustive insights into these platforms, and today, we delve into an in-depth “changelly.com review.” Considering the growing interest in cryptocurrency exchanges, this analysis is significant and aims to offer traders a crystal-clear understanding of what to expect when using changelly.com.
Traders Union compiled the Changelly.com review. The review presents an unbiased perspective, highlighting its strengths, shortcomings, and overall performance.
What is Changelly.com?
According to TU experts, Changelly is a high-risk cryptocurrency exchange with a TU Overall Score of 2.65. With over 100 evaluation criteria, expert Anton Kharitonov has ranked Changelly 49 out of 199 companies featured in the TU Rating. Notable attributes include low commission fees, high work stability, comprehensive training programs, and regularly posting high-quality analytical materials. However, most clients’ reviews point to dissatisfaction with the broker.
Changelly stands out for its free multicurrency wallet with an integrated exchanger, offering several dozen cryptocurrency-to-cryptocurrency trading pairs. The platform prides itself on its high transaction speed, allowing for instant completion of trades and possible replenishment from bank cards. Moreover, Changelly provides partners with lucrative terms, transferring their software solutions and advertising materials.
Advantages and disadvantages of Changelly
TU experts identify several benefits and drawbacks of trading with Changelly:
Advantages:
- Diverse Cryptocurrency Selection: Changelly stands out with its extensive cryptocurrency offerings, catering to both novice and expert traders. This diversity allows users to broaden their portfolios, optimizing risk distribution and potential returns.
- Rapid Transaction Speed: Changelly shines in delivering near-instantaneous transactions, enabling users to react swiftly to market trends. This quick response time provides a competitive edge in the dynamic crypto trading landscape.
- Minimal Commission Fees: Changelly offers one of the lowest commission rates in the market, making it attractive for high-volume traders and beginners alike. Lower trading costs directly enhance profit margins.
Disadvantages:
- Absence of Fiat Trading Pairs: Changelly falls short by not offering trading pairs with fiat funds. This limitation can hinder traders who wish to directly exchange cryptocurrencies for traditional currencies.
- Lack of Private Investment Options: Changelly does not support private investment, which might deter traders looking for customized or exclusive investment opportunities.
Trading conditions for Changelly users
Based on TU expert analysis, users must register to start trading on the Changelly cryptocurrency exchange. The platform offers various tariffs such as ‘Start’, ‘Trader’, and ‘Pro’, each offering different functionalities. Notably, Changelly doesn’t provide leverage; thus, traders can only rely on their financial assets. Technical support is offered through a ticket system or via email.
The platform’s key trading terms include the following:
- A minimum deposit of $1.
- No leverage, implying a 1:1 ratio.
- A commission that varies depending on the tariff.
- A lack of mobile trading and PAMM accounts.
Changelly commissions & fees
Traders Union experts note that Changelly collects a 0.1% commission for each transaction under the ‘Start’ tariff, a rate unaffected by the asset, transaction size, or user’s total trades. The ‘Trader’ and ‘Pro’ tariffs feature a commission system linked to the client’s trading level, determined by the trades’ volume over the last 30 days. The commission decreases as the trading level rises, with the ‘maker’ enjoying zero commission at the highest level.
In addition, Traders Union has answered the question: is Bittrex legit? Read the complete answer on its official website
Conclusion
This comprehensive review by Traders Union unravels the nuts and bolts of Changelly, highlighting its functionalities, pros, and cons, among other aspects. Changelly offers diverse features and unique offerings, making it a noteworthy player in the cryptocurrency exchange space. However, potential users must also factor in its high-risk nature and mixed client reviews.
For those seeking more in-depth information and insights into various brokers and trading platforms, we recommend visiting the official Traders Union website. Your financial decisions should always be informed and intentional, and Traders Union is here to facilitate just that.
By Adedapo Adesanya
A sub-group made up of eight members of the Organisation of the Petroleum Exporting Countries and its allies (OPEC+) have brought forward a policy meeting by two days to May 3.
According to Argus, the meeting, initially scheduled to hold on Monday, May 5, will now hold on Saturday (tomorrow).
The eight countries — Saudi Arabia, Russia, the UAE, Kuwait, Iraq, Algeria, Oman and Kazakhstan — are meeting to decide on their crude production targets for June.
Sources say it was essentially for the convenience of a few oil ministers who would have struggled to make it on Monday.
In early April, the eight members decided to speed up plans to unwind a collective 2.2 million barrels per day of production cuts.
Saudi Arabia reportedly pushed for a larger-than-planned output hike from the eight members in May, a decision that helped send oil prices below $60 a barrel to a 4-year low.
The group is now expected to raise output by 411,000 barrels per day, three times the level agreed in December 2024.
Saudi Arabia, regarded as OPEC+ defacto leader and its biggest output cutting country, has been angered by Kazakhstan and Iraq producing above their OPEC+ targets.
The total 22-member group, which includes Nigeria, is currently cutting output by over 5 million barrels per day.
The group plans to hold a full ministerial meeting on May 28.
By Adedapo Adesanya
Nigerian billionaire entrepreneur, Mr Aliko Dangote, says he expects revenues from Dangote Group to grow more than $30 billion next year from about $25 billion projected in 2025 amid current trade uncertainties.
He made this disclosure on Thursday at an investment conference in Lagos, acknowledging the positive impact President Donald Trump’s tariffs would have on his urea exports to the US because major competitor Algeria had been slapped with a higher levy.
President Trump imposed a 14 per cent tariff on imports from Nigeria, Africa’s largest oil exporter, as part of widespread trade measures introduced last month, later paused for 90 days.
Comparatively, Algeria was subjected to a 30 per cent reciprocal tariff on its exports to the United States under President Trump’s Liberation Day tariff policy announced on April 2, 2025.
“But when I checked who we are really competing with, we are competing with Algeria. So, luckily for us Algeria were slapped with 30 per cent,” said Mr Dangote, adding that, “It actually makes us a bit comfortable.”
The tariff measure was part of a broader strategy to address perceived unfair trade practices by imposing higher tariffs on countries without formal trade agreements with the US.
President Trump’s tariffs spared oil and gas exports, allowing the Dangote Petroleum Refinery to continue selling its products to the US without disruption. This exemption provides a significant cushion for Mr Dangote’s broader business strategy, especially as the refinery ramps up output.
Mr Dangote also said that Dangote Fertiliser, which began commercial operations in 2022, shipped 37 per cent of its 3 million metric tonnes of urea production to the US.
Beyond the US, Dangote also exports urea to other key markets such as Brazil, which has historically relied on Russian fertilizer supplies, as well as India and Mexico.
Mr Dangote added that he expects his cement company to become Africa’s largest exporter next year, overtaking Egypt in the process.
“We are at about 53 million tons,” Mr Dangote said in reference to the production capacity of his plants. “By next year, we will be at 62 million tons of cement. We will be number one.”
By Adedapo Adesanya
The National Pension Commission (PenCom) has revealed that 368,911 workers have changed their Pension Fund Administrators (PFAs) and transferred their Retirement Savings Accounts worth N1.77 trillion to new PFAs under the Contributory Pension Scheme (CPS) as of the end of March 2025.
The pension industry regulator disclosed this in its Quarterly Summary of Retirement Savings Accounts (RSAs) transferred by Pension Fund Administrators.
The transfer window allows a contributor under the CPS to move all his RSAs from his current PFA to another of his choice once in a year.
According to the figures, 27,701 workers transferred N191.1 billion in first quarter of 2025, 28,439 workers transferred N172.29 billion in the fourth quarter of 2024 while 23,226 workers transferred N141.87 billion in the third quarter of 2024; 20,993 workers transferred N128.87 billion in the second quarter.
Figures showed that 23,484 and 22,927 workers transferred N120.866 billion and N105.763 billion in the first quarter of 2024 and fourth quarter of 2023 respectively.
In the third quarter of 2023, 19,014 RSA holders changed their PFAs and moved N85.99 billion; 34,359 workers moved N158.6 billion in the second quarter of 2023; 24,963 moved N111.67 billion in the first quarter of 2023.
The figures disclosed that 2,799 contributors moved N18.9 billion in the fourth quarter of 2020; 12,681 contributors moved N47.78 billion in the first quarter of 2021; 10,166 moved N35.89 billion in the second quarter of 2021; 12,872 contributors moved N45.56 billion in the third quarter of 2021; while 12,874 contributors moved N42.49 billion in the fourth quarter of 2021.
It added that 12,336 contributors moved N36.36 billion in the first quarter of 2022; 14,821 moved N50.22 billion in the second quarter of 2022; 30,973 moved N143.1 billion in the third quarter of 2022; while 34,283 moved N131.76 billion in the fourth quarter of 2022.
In the fourth quarter of 2020, PenCom introduced the transfer window regulation which allowed workers to change their PFAs.
Section 13 of the Pension Reform Act 2014 specifies that a Retirement Savings Account holder may transfer his RSA from one PFA to another.
It added that such transfer should not be more than once a year.
The pension industry regulator stated that PFAs must only process requests for RSA holders registered on the Enhanced Contributor Registration System (ECRS) and those whose recaptured information had been successfully uploaded onto the system.
“PFAs shall only process RSA transfer requests for eligible RSA holders who have not transferred their RSAs within the last 365 days using the RTS, irrespective of whether it is a leap year or not,” it stated.
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