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Changelly offers a new fiat-to-crypto marketplace to enhance trading experience

Image by Changelly from Twitter

Tue, 21 Apr 2020, 10:04 am UTC

Instant crypto exchange Changelly just launched a new fiat-to-crypto marketplace.

In a press release shared with Cointelegraph, Changelly announced that it aims to enhance its customers’ trading experience by allowing them to acquire crypto in three easy steps with its new offering.

Changelly is an instant cryptocurrency exchange, so no user funds are placed in the service. It has been in operation since 2015 serving as an intermediary between crypto exchanges and users by offering access to 150+ cryptocurrencies.

Its mission is to make the exchange process effortless for all who want to invest in cryptocurrency and it has been attracting over a million visitors monthly due to its high limits, fast transactions and 24/7 live support.

The firm understands that the crypto market has offered a range of outlets to buy and sell crypto. However, the process is far from seamless. The custodial exchanges usually require investors to follow a complex transactional process and charge higher fees which usually turn off customers.

Changelly addressed the problem by offering a friction-free experience with its new fiat-to-crypto marketplace that merges the best crypto offers from reputable fiat providers. It allows users to compare current rates and limits while buying cryptocurrencies. At present its marketplace aggregates the offers from Simplex, MoonPay, Indacoin, Coinify and Wyre. Changelly aims to connect to more providers soon.

“Changelly’s mission has always been to provide customers with the easiest and fastest way to buy and swap crypto. Two years ago we became the first to introduce credit and debit cards to purchase crypto and in so doing paved the way for others to launch similar services. With the more fiat options becoming available we felt it best for our customers to have a tool, which provides all the best rates from different fiat partners we work with,” said Eric Benz, Changelly CEO.

Meanwhile, crypto marketplace Purse.io is closing down after six years of operation. The firm announced that it has already disabled new signups and will cease its operations on June 26, 2020.

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