Changelly has been flagged by Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Operating a digital asset exchange (DAX) without registration This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Tried to withdraw my funds from Changelly and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Lost entire investment|Reported to authorities|Unresponsive
My withdrawal request from Changelly has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Good mobile app|Market news feed|Stable platform|No hidden fees
Cons: No dark mode on mobile|Some tools only available on higher tiers
After for about ten months with Changelly, I can only describe the experience as death by a thousand cuts. No single issue was catastrophic, but the constant stream of small problems, slow responses, and missing features wore me down until I finally left.
Pros: Easy withdrawals|Responsive team
Cons: Spreads widen during volatile periods|No integrated tax optimization
After for about three months with Changelly I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Helpful community forum|Professional team|Two-factor authentication
Cons: No fractional shares
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Changelly has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Not registered with regulators|Unrealistic promises
Changelly advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Economic calendar|Regular updates
Cons: No dark mode on mobile|Currency conversion fee exists