Changelly, a cryptocurrency swap exchange has launched its first iOS and second version of its Android App. Both are available on the Apple App Store and Google Play, respectively.
The app will allow fixed-rate conversion between different cryptocurrencies in real-time with a credit card. The fixed-rate is achieved by integrating a small reserve held by the exchange before presenting the fixed rate to the customer. When a user accesses the Changelly app, he will put up a fixed amount of cryptocurrency for trading for another cryptocurrency. The app then scours the various exchanges and gives the best available trade to the customer. Thus, the customer does not have to sit throughout the day and go through the rates for trading on different exchanges.
Changelly lists more than 150+ cryptocurrencies. Moreover, Changelly allows trading in cryptocurrency pairs, which may not be available on any exchange. On an exchange that does not have a specific trading pair; first, the cryptocurrency put up by the user is converted into bitcoin, and then the bitcoin is reconverted into the cryptocurrency desired by the user. Thus, transaction costs double. Changelly allows seamless conversion between any two cryptocurrencies in a single step. That allows Changelly to keep the transaction fee at 0.25%, which is the lowest in the market.
Changelly apps support eight languages. They have a History section, which shows users’ past transactions. They also have a Support section where users can ask their questions, and the Changelly team will answer their queries. An Address List is also provided where users can list their favorite Cryptocurrency addresses. That will facilitate browsing.
Changelly’s mobile app currently attracts over a million users monthly. It offers its API and payment widget to other cryptocurrency service providers. Buntoy game wallet used Changelly’s API on board. Changelly’s other partners include MyEtherWallet, Binance, Trezor, Ledger, Huobi Wallet, and other well-known companies in the cryptocurrency sector.