What is ChangeNOW?
ChangeNOW is a cryptocurrency exchange operating on a non-custodial aggregator model. This means that, unlike traditional centralized exchanges, users don't store their funds directly on the platform. Instead, ChangeNOW acts as an intermediary, collecting the best exchange rates from other platforms, generating a payment link, and then conducting the transaction.
This approach allows for higher speed and anonymity of operations, as well as reducing the risks for users associated with storing funds on an exchange. Additionally, ChangeNOW does not require KYC verification, which also attracts many traders.
How Does ChangeNOW Work?
1. Choosing cryptocurrencies. The user selects the currencies to exchange on the ChangeNOW website or mobile app.
2. Link generation. ChangeNOW aggregates the best exchange rates from other exchanges and generates a special link for the transaction.
3. Sending cryptocurrencies. The user sends the cryptocurrency to the address specified in the link. ChangeNOW receives these funds and conducts the exchange.
4. Receiving the new cryptocurrency. The exchanged cryptocurrency is sent to the user's wallet. The entire procedure takes a few minutes.
Advantages of ChangeNOW
- High speed and anonymity of transactions
- No need for KYC verification
- Best market rates due to aggregation
- Ability to exchange over 200 cryptocurrencies
- Simplicity and ease of use
Overall, ChangeNOW offers a convenient and secure solution for quickly exchanging cryptocurrencies without the need to trust your funds to a centralized exchange. This makes the platform attractive to traders who value privacy and control over their assets.