What is ChangeNOW?

ChangeNOW is a premier non-custodial instant cryptocurrency exchange platform, launched in 2017. Its primary function is to allow users to swap hundreds of different cryptocurrencies quickly, securely, and without mandatory registration or lengthy Know Your Customer (KYC) procedures for standard transactions.

### Core Mechanism and Functionality

ChangeNOW operates as an exchange aggregator. It does not hold liquidity itself but connects to multiple major exchanges (such as Binance, Kraken, and HitBTC) to compare rates and provide the best available price to the user in real-time. This mechanism ensures efficient execution and competitive pricing.

Crucially, ChangeNOW is non-custodial. This means the platform never holds the user’s private keys or funds during the exchange process. The cryptocurrency is sent directly from the user’s wallet to the platform, processed via the exchange partners, and immediately deposited into the user’s specified destination wallet. This significantly reduces counterparty risk and enhances security.

### Key Features

1. **Instant Swaps:** Transactions are typically completed in minutes, making it ideal for fast exchanges.
2. **Non-Custodial:** Funds are not held by the platform, offering superior security and control.
3. **Wide Asset Selection:** ChangeNOW supports over 700 coins and tokens, covering most major crypto assets and many smaller ones.
4. **Flexible Rates:** Users can choose between two rate types: the Standard Rate (floating rate, which may fluctuate slightly during the transaction) or the Fixed Rate (which locks the exchange rate at the moment the user initiates the swap, protecting against volatility).
5. **No Account Required:** The service is designed for maximum privacy and simplicity, allowing users to swap assets directly using only their wallet addresses.

### Ecosystem Expansion

Beyond simple swaps, ChangeNOW has developed a broader ecosystem, including NOWPayments (a crypto payment gateway for merchants), the ChangeNOW wallet application, and the native utility token, NOW Token. The platform also offers robust API integration, allowing third-party wallets and services to embed ChangeNOW’s exchange functionality directly into their own applications. ChangeNOW positions itself as essential infrastructure in the decentralized finance landscape, prioritizing speed, security, and user convenience.

Source: What is ChangeNOW?

Disclaimer: This content is generated via ZODIAC AI engine for informational purposes. While we strive for accuracy, we do not guarantee the completeness of the information. This is not financial advice. Decisions should be made based on your own judgment.