If you search for the cryptocurrency exchanges On the Internet, you will find many options to choose from. Yes, you can exchange money, buy or sell Cryptocurrencies on various platforms
However, only a small number of exchanges are able to promise a safe and profitable service to users. How to avoid scams? The answer is quite universal. You need to check many reviews and ratings of exchanges on reliable thematic sites. The world is ruled by those people trust.
And you should definitely compare the conditions and opportunities for exchanging, buying and selling cryptocurrency on different proven services when you come across several sites. The fact is that the mechanics of each service are individual and you run the risk of facing certain drawbacks by choosing one or another site. You cannot get around the cons, but you can find a site where the flaws are not critical exactly for you.
We suggest considering a couple of popular cryptocurrency exchanges as an example for making choices. We are talking about reliable services, but what can they offer? Having learned to compare the main factors, you will be able to make the right decisions in the future.
So, Changelly vs Shapechift: who will win this war? Let’s go through the basic points.
Basic information
Changelly is an extremely popular instant cryptocurrency exchange that makes it easy to buy dozens of popular coins. It has many unique features, which makes the site stand out from the crowd. The site has been operating since 2013, but the modern functionality and look have been around since 2015.
Also, you need to note that Changelly is an exchange (if you check the features), everything is much more complicated at the root. The service is based on an algorithm embedded in many of the best cryptocurrency exchanges. It tracks the most favorable rate on each site, gathers the information and analyzes the most profitable purchase option in real time.
THE ShapeShift ShapeShift is a Swiss service created for fast and secure cryptocurrency exchange. It was founded in 2014. The main focus of this project is the speed and ease of cryptocurrency exchange. You do not need to complete a difficult personal verification and identification procedure. During the initial period of activity, the service was criticized for security issues, but today a lot of money has been invested in improving systems and ShapeShift is working steadily.
Changelly or Shapeshift: Available Currencies and Countries
This section is one of the main advantages of Changelly. The platform exchanges 130 cryptocurrencies. Among them are the most popular ones, such as Bitcoin, Ethereum, Litecoin, Dogecoin, Monero, as well as those that are not represented on all exchanges. Competitors do not have such volatility. The service operates in all countries of the world. In addition, the system accepts credit cards from any country, automatically converting the local currency into dollars or euros. The website interface is only available in English, but it is very simple. The main tabs of the website are translated into Brazilian, Japanese, French, Spanish, Chinese, German and Portuguese.
Shapeshift does not accept fiat money, but it does accept over 50 of the most popular cryptocurrencies, including Bitcoin, Ethereum, Dash, Monero, Zcash, and more. The exchange operates in almost every country in the world, and the interface is translated into English, Brazilian, Ukrainian, German, Galician, Spanish, Italian, Japanese, Polish, and other languages.
In other words, the first site is better for rare cryptocurrencies and fiat money, and the second is the choice for exchanging between more popular cryptos.
Changelly ou Shapeshift : Fees
Changelly takes 0.5% of the total amount. In addition, you need to add a fee provided by the cryptocurrency system itself. Many users ask the management to reduce these costs, but objectively: the price corresponds to the overall quality of services.
Shapeshift does not charge commission for cryptocurrency exchanges. It earns money from the difference in token rates. Payment can only be made to miners who confirm it. This is your choice of a restricted exchange task between cryptocurrencies, for the rest you must choose a competitor.
Comparison of security issues
What is the situation in the Shapeshift vs Changelly opposition on this important point?
For security reasons, Changelly provides two-factor authentication (via code) when logging into the account and transferring funds. The user can install this system himself and turn it off at any time. There is no verification in the service, because there is no need for it.
The exchange is not interesting for hackers, because there is no registration option. No one can store coins on the exchange. The exchange process takes place in minutes, the transaction time depends on the amount of funds you use.
Shapeshift or Changelly: Support
Changelly’s main office is located in Prague, Czech Republic. You can use the phone to contact them or choose the feedback form on the website. They always respond very quickly.
Change of form: You can contact customer support by phone or also through the feedback form on the website. Users in reviews often complain that the technical support team does not respond for a long time. Sometimes you have to wait several days to get the answer.
Final thoughts on the Changelly vs Shapeshift war
Shapshift It is a simple and reliable service that can help you solve only one problem (exchange between two cryptocurrencies). If you do not want to exchange tokens to work with fiat money, you can choose this site for your actions. It will provide you with several huge benefits. There is no registration, simple and convenient interface, additional technical features, and so on.
If you need a full range of financial options to use, the path will lead you to Changelly. Fiat currencies, but a huge variety of currencies and a luxurious automatic search system for the best exchange rate make the service a unique phenomenon in the entire market.