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ChangeNOW Platform: A Non-custodial Crypto Swap Service

ยท 26 May 2019 in Crypto News, Guides

Today’s crypto ecosystem is increasingly expansive, offering hundreds of digital tokens and multiple ways to buy, sell, and trade these products. If you’re looking for a simple and seamless way to make crypto-to-crypto exchanges, ChangeNOW is definitely worth a look.

ChangeNOW is a non-custodial swap service that aims to provide an alternative to traditional exchanges by offering simple and fast crypto swaps.

Launching in 2017, ChangeNOW supports major cryptocurrencies including Bitcoin, Ether, and Litecoin while also incorporating 170 other tokens on its platform.

A swap service offers a more simplified and direct trading experience than traditional crypto exchanges, which appeals to both new adopters and experienced investors looking to trade tokens. Of course, it comes with some caveats that users will want to consider before jumping on board.

Why the Platform is Unique

While crypto users looking for a swapping service have many options to choose from, ChangeNOW differentiates itself in several ways.

Most notably, ChangeNOW is predicated on speed. While many swapping services can take between 10-20 minutes to complete a transaction, ChangeNOW can execute crypto swaps in as little as two minutes.

What’s more, the rates on ChangeNOW are as advertised. The platform doesn’t add additional fees, hidden costs, or other ancillary expenses. ChangeNOW simply finds the best rate on one of its integrated exchanges, processes the transactions, and sends the swapped currency to your wallet.

Finally, with an integrated third-party partner, users can purchase cryptocurrencies with a Visa or Mastercard, allowing them entrance into crypto swaps by using fiat.

All of this happens without providing an email address and without creating an account. Notably, there are no limits on the number of swaps a user can complete.

How the Platform Works

ChangeNOW prides itself on usability. Since participants don’t have to create an account or register their services, users can complete swaps in just five steps.

  1. Select the currency – Using a drop windows, users choose their exchange pair.
  2. Enter your wallet address – ChangeNOW supports several wallet services. Users enter their wallet address to send and receive funds.
  3. Confirm – Review information and press confirm.
  4. Deposit – ChangeNOW generates a deposit address where users send their tokens.
  5. Receive your coins – ChangeNOW automatically locates the best exchange rate among its integrated exchanges and completes the swap.

Partnerships

In addition to becoming the first token listed on Binance’s decentralized exchange, ChangeNOW partners with several wallet services to provide a seamless and multifaceted experience for their users.

Currently, ChangeNOW is collaborating with Exodus, Ledger, Trezor, Binance, Atomic Wallet, Guarda Wallet, Edge, and Bittrex.

Token

The NOW token is the proprietary token for ChangeNOW platform, which allows crypto users to exchange digital tokens with one another. It also functions as a stand-alone token that can be swapped on the ChangeNOW platform or through the Binance DEX and other exchanges.

The NOW token is the first token created by an instant exchange platform. Originally functioning as an ERC-20 token, the NOW token became the first listing on Binance’s decentralized exchange.

Today, it exists on both platforms, but users can seamlessly convert ERC-20 tokens to Binance DEX.

ChangeNOW users receive NOW tokens when they make a swap. These tokens can be used to make payments on the platform such as special rates for exchanges, accelerated support, better affiliate conditions, and listing of new coins. It also serves as a stand-alone currency that can be traded on crypto exchanges.

How to Purchase

Those interested in purchasing NOW tokens can acquire them on Binance DEX, IDEX, SwitchDEX, ForkDelta, and EtherDela.

How to Store

ChangeNOW partners with many prominent crypto wallets including Binance, Exodus, Ledger, ClassicEtherWallet, Trezor, Edge, Atomic, Guarda, and others.

Future Aspirations

The ChangeNow platform has come a long way since its inception in 2017. Not only is it now a part of the most popular crypto ecosystem on Binance, but it’s playing an interesting role in compelling payment platforms like NowPayments.

NowPayments allows companies to accept Bitcoin, Litecoin, Ethereum, Stablecoins, and other cryptocurrencies at checkout. The platform automatically converts payments to fiat, providing businesses a simple and seamless way to accept crypto as payment.

In a growing crypto ecosystem with many different products and services, ChangeNOW carves out its own niche, and its prominent placement

ChangeNOW is great for crypto newbies who are looking for an easy way to swap tokens. Moreover, for those looking to avoid the delays and complications associated with crypto exchanges, ChangeNOW offers a simpler and more usable format.

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