The crypto world is becoming a global phenomenon, with its market cap reaching a value of US$ 1,782 billion in 2021. In mid-2022, over 18,000 cryptocurrencies are circulating in the digital world. Multiple crypto exchanges pop up as crypto traders start to exchange cryptocurrencies and long for a streamlined process.
To ensure the security of digital assets during your crypto exchange journeys, the CoolWallet team is dedicated to developing or integrating the safest and most innovative solutions into the CoolWallet App. We, therefore, teamed up with Changelly to offer you a highly reputable crypto exchange option with an abundance of cryptocurrencies and a track record in crypto that matches ours.
What is Changelly?
Changelly is an instant cryptocurrency swap platform that acts as a middleman between trading cryptocurrency platforms and users, providing a wide range of digital assets for a seamless exchange. Aiming to make a frictionless exchange process for everyone who wants to invest in cryptocurrency, Changelly boasts an instant exchange mechanism to allow traders to quickly convert cryptocurrencies with low exchange fees of 0.25% for crypto-to-crypto exchanges. The platform gives access to over 400 cryptos to date, including popular names like Bitcoin, ETH, LTC, USDT, Bitcoin Cash, etc.
Founded in 2015, Changelly has grown steadily and is continuously developing to offer its users a flawless experience and new services. In 2022, the traffic of the trading platform reaches over 2 million visits per month. In addition, Changelly has recently launched a new feature — Changelly DeFi Swap. It is a decentralized exchange (DEX) aggregator that encompasses all the advantages of DeFi and optimizes transaction costs. For now, users can swap thousands of Ethereum-based assets with just a few clicks. With the integration of a DEX, Changelly got one step closer to enabling seamless anything-to-anything swaps, regardless of blockchain, wallet connector, etc.
How do I use Changelly with the CoolWallet app?
The ability to swap, spend, send, and receive numerous currencies any time, any place, with anyone, instantly is imperative for the cryptosphere to win over the mass market. These features combined with secure storage enable users to expand the application of their entire crypto portfolio. Users can profit from lucrative crypto exchanging and now can avoid market volatility by trading for more stable currencies in times of market turbulence. The flexibility and ease of access to the Changelly service directly on CoolBitX’s native app is an enormous step toward pushing for mass adoption of cryptocurrency.
Step-by-Step Guide for Crypto Exchange via Changelly
In this guide we show you step by step how to exchange crypto using the newly integrated Changelly exchange in CoolWallet App.
Step 1. Download the latest CoolWallet App and have your CoolWallet card ready. Open your CoolWallet App and click the “Marketplace” icon in the bottom bar.
Step 2. Scroll down and click the “Crypto Exchange” block. Then click the crypto type to select the crypto you want to pay.
Step 3. Select the coin/token types you want to pay and to get by clicking the down arrows beside the crypto icons. Please make sure that you choose the token on the correct chain. For example, you can find USDT on both Ethereum and Arbitrum. If you want to exchange the USDT on Ethereum, you need to select the USDT icon with a small Ethereum icon, or check the chain name below the token name.
Step 4. Enter the amount of the crypto you want to pay and the estimated receiving amount of crypto will automatically show up. Though CoolWallet helps you to select the third-party service provider with the best exchange rate, you can still choose the service provider you prefer.
Step 5. If you have multiple addresses in CoolWallet, you can click the down arrow to switch to other addresses.
Step 6. Click “Exchange” to the “Transaction Confirmation” page. You can view the transaction process and click the down arrow to check the address details again. Click the “Confirm and Pay” button for the authorization process.
Step 7. A notice will pop up. Click “OK” to continue and long-press the button on your CoolWallet card to activate it. You will see “Hello” showing up on the small screen on your card.
Step 8. Check whether your CoolWallet card is successfully connected to the CoolWallet App. Then a notice will pop up to instruct the following process. You need to press the button on your CoolWallet card to confirm the type of crypto and the amount to send out. After you finish the authorization process, “sent” will show up on your CoolWallet card screen.