Changnow exchange was registered in 2017. Even though they are listing their headquarters in Seychelles, T&Cs reveal that they are in St. Vincent and Grenadines. It’s a well-known offshore country, mostly known as the hub for swindlers.
However, we can’t accuse this company without a proper research. Therefore, stay with us in this detailed Changenow review and find out if you can trust your money here or not.
With headquarters in St. Vincent and Grenadines, Changenow crypto exchange didn’t opt for a domestic license. Their ownership belongs to CHN Group LLC. However, this company is not found in any Tier 1 register. In the first place, FCA, BaFin, ASIC or CFTC.
On top of that, the company states that they are not offering services to US citizens. But if that’s true, we’ll find out soon.
In any case, there are a few potential issues with Changenow exchange. Primarily, conversion and withdrawal ones. In case you experienced any, let us know. In the end, our team can advise you on the refund if needed.
Practically, they present themselves as a trusted exchange built around a team of experienced blockchain developers. But have in mind that trusted exchanges often have Digital Asset Service Provider (DASP) licenses.
Even though they claim to offer a secure environment, some traders pointed out disturbing issues, mainly with their currencies disappearing or never arriving at the designated wallet. This is quite disturbing. Imagine transferring 10 BTC to your personal wallet and they never arrive. Yet, there’s a way to track such transfers. For more information, book a consultation with our experts.
One of the main problems is that the company offers services to US citizens. Thus, there are special terms for them. But those are all third-party services. Therefore, it’s not strange they manage to get to traders from:
If you have proof that Changenow is not legit, let us know in the comments.
Changenow scam is operating on a proprietary app. Whether you find it positive or negative, it shows dedication from the company. Thus, for a company claiming to offer a stable and safe environment, platform bugs are happening quite often.
As the name says, they are crypto exchange. But seems like they also offer crypto loans, cashback and broker options. Nevertheless, some of the cryptos available are:
Important to realize is that the company doesn’t have account-type promotions. Everyone gets the same conditions and rates. Especially for Changenow token which is their main asset.
Also, they miss out to present their exchange platform. But it’s available on mobile devices and you can check it there. Thus, you won’t have virtual funds to try it out.
Another key fact is that the company offers fixed and floating fees. These might vary from 0.5% up to 4%. Practically, it all remains unknown until the moment when you want to complete the exchange. Thus, to get a guaranteed rate you have to pay extra.
Generally, Changenow coin exchange is crypto-to-crypto based. Therefore, card purchases are only available through third-party services. On the positive side, if you experience any irregularities you can file a chargeback.
Overall, unmonitored crypto exchanges can do anything they want. So, you can only rely on yourself. Instead of risking money with a non-transparent company, you can go with a licensed and fully transparent one.
Yet, if your money is gone there’s only one solution. The refund!. Our team is equipped with CipherTrace software that can track your crypto. This can be the first move to getting your money back. To start, you can book a free consultation through our live chat.
The company operates without a valid DASP license. Also, they are offshore company, which means anonymous.
Like any other crypto exchange, the verification procedure according to AML laws is mandatory.
Yes. That’s the whole point of this crypto exchange. But if you find any issues along the way, contact our team for assistance.
Considering multiple issues reported there’s a high probability that at some point in time, you will face those as well.
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