ChangeNOW is a cryptocurrency exchange where you can swap cryptocurrencies anonymously. Instead of exchanging cryptocurrencies with other users, you’re paying ChangeNOW to purchase cryptocurrencies on your behalf (or you’re buying ChangeNOW from their pool). You pay a fee for the service, but you can exchange an unlimited amount of cryptocurrency in an anonymous way.
ChangeNOW charges a fee of 0.5%. You can trade dozens of cryptocurrencies, although bitcoin and Ethereum are particularly popular (understandably).
How Does ChangeNOW Work?
Here’s the basic step by step process by which ChangeNOW works:
Step 1) Choose your cryptocurrency: You can choose to exchange bitcoin for Ethereum, for example, or fiat to crypto in any amount. You choose your desired cryptocurrencies from a drop down menu.
Step 2) Enter your wallet address: Type in your wallet address, then click “next”. If you don’t have a wallet, then ChangeNOW will link you towards a wallet creation platform.
Step 3) Confirm: Check all of the information, then click Confirm.
Step 4) Deposit: ChangeNOW will generate a deposit address for you, and you send your deposit to that address.
Step 5) Receive Coins: ChangeNOW promises to find the best rate from one of ten integrated exchanges. Your transaction is processed, and you’ll receive your coins in your destination wallet.
Throughout the process, there’s no need for KYC, emails, or passwords. There’s no lengthy signup processes, no accounts, and no limits.
Typically, an exchange on ChangeNOW takes 5 to 30 minutes.
Common Problems With Exchanges And ChangeNOW Solutions
Although Cryptocurrency industry is mainly focussed on decentralization, there are many centralized services controlling users’ shares. These centralized exchanges and hosted wallets hold a lot of users’ funds, keeping the Cryptocurrency dealers at risk. ChangeNow is seeking to decentralized the sector and give the users more control of their funds.
The centralization that has developed in the sector is associated with security problems. There have been cases of hacking in many of these exchanges. Furthermore, human error and technological failures that can lead to loss of funds are also common. ChangeNOW has gone through various multiple penetration tests to ensure they are safe. The project will mainly rely on decentralization technologies to minimize human error and any attack will only affect the involved user.
Although Cryptocurrencies thrive on the promise of transparency, most of the services in the sector are not transparent in their internal operations. Moreover, there is high secrecy about their implementation details. ChangeNOW is promising to be open and transparent in its operations and implementations.
Most Cryptocurrencies and services have various usability issues. Inexperienced users find it challenging to deal with keys, addresses, and hashes among others. ChangeNOW will rely on technology to enhance usability. Besides, the project will prioritize any detail that may help in simplifying the exchange process.
ChangeNOW Features
ChangeNOW advertises all of the following features:
- Anonymity: ChangeNOW doesn’t store your personal information, so there’s no need to create an account on the platform before you exchange cryptocurrencies.
- Easy to Use: You can deposit your own cryptocurrency into the exchange, or buy crypto using your Visa or Mastercard.
- Fair: ChangeNOW claims to pick the best exchange rate for you. All fees are clearly listed before you exchange.
Who’s Behind ChangeNOW?
Roman Lapin , CEO, has 12+ years of development experience on the edge with management skills. He has built 2 development companies from scratch. Has more than two years in experience in blockchain and cryptocurrencies. His background allows him to improve ChangeNOW service daily while building the most handy exchange interface ever. https://www.linkedin.com/in/romalapin/
Sergey Sokratilin , Product Manager. Having a degree in physics, Sergey has some brilliant skills in product management. This outstanding mix allows Sergey to improve ChangeNOW on a daily basis. The team calls him simply Socrates.
Peter Sergeev , Lead Developer, is a blockchain enthusiast, he has experience in software development for 10+ years using the variety of languages and technologies such as Ruby on Rails, Elixir and NodeJs. His Blockchain experience is: building Block Explorers, working with RPC protocols of multiple currencies, working multiple exchanges API and markets data (cryptocompare, coinmarketcap etc.). https://github.com/toothfairy
Denis Kulikov , Full Stack Developer, with 3+ years of experience in the blockchain industry. His Blockchain experience is: building Block Explorers, working with RPC protocols of multiple currencies, built web light wallet, working multiple exchanges API and markets data (cryptocompare, coinmarketcap etc.). He is also keen of photography, which allows him to approach the daily tasks with a creative twist. https://github.com/altingfest
ChangeNOW Conclusion
Want to buy, sell, or trade cryptocurrency, but don’t want to deal with accounts and KYC verification on an exchange? ChangeNOW wants to help. You pay a premium exchange rate for ChangeNOW’s services, but you get to buy, sell, or trade cryptocurrencies in an anonymous way. The service appears to be reputable and is designed to be easy to use. It also charges a fee of just 0.5%.
For more information, please visit the link below:
Author: anisah fitri
Website: https://changenow.io
Whitepaper: https://changenow.io/tokens
Telegram: https://t.me/NOWtoken_Bounty
Twitter: https://twitter.com/ChangeNOW_io
Facebook: https://www.facebook.com/ChangeNOW.io/
Medium: https://medium.com/@changenow_io
Reddit: https://www.reddit.com/user/ChangeNow_io
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1870804