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 CoolBitX 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 170 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.
How do I use Changelly with the CoolBitX 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
Start your crypto exchange journey now! 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 CoolBitX App and have your CoolWallet ready. Open your CoolBitX 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 crypto you want to pay and repeat the same process to select the crypto you want to receive. After selecting the crypto types, click the number and change the quantity that you want to exchange.
Step 4. Now the offers from different service providers will show up. CoolBitX App helps you to rank the offers by the exchange rate, but you can also choose the service provider you prefer. On the right side, click “Fixed Rate” to compare the exchange rates.
Then click the “Exchange” button for the offer from Changelly.
Click here to know more about Changelly and the difference between floating rate and fixed rate.
Tap the down arrow in the “From address” block to choose the crypto address that you are going to send out the crypto.
Step 5. Repeat the same process to select the address to receive the crypto.
After checking both addresses are correct, click the “Next” button to proceed.
Then you can review the addresses again by clicking the down arrows.
Click the “Confirm and Pay” button for the next step.
Step 6. A notice will pop up. Click “OK” to continue and long-press the button on your CoolWallet to activate it.
You will see “Hello” showing up on the small screen on your card.
Step 7. Check whether your CoolWallet is successfully connected to CoolBitX App.
If the connection works, it will show “Connected!” with the green background on the top of the screen.
A white notice will pop up to instruct the following process and the type of crypto you want to send out will show up on the CoolWallet card.
Press the button on CoolWallet for the next step.
Step 8. The amount of crypto you want to send out will show up.
Press the button on CoolWallet again to confirm the amount.
When “Press button” displays on the card screen, press the button on your CoolWallet only after you confirm the crypto type, the amount, and address are correct.
Step 9. Finally, if you did everything right, “Sent” will appear on the CoolWallet screen.
Congratulations- You have successfully exchanged your crypto via Changelly!