Changelly, a trusted cryptocurrency exchange with low fees and proven trust record, is opening up the XRP–fiat market allowing investors to buy XRP using their Visa or MasterCard debit and credit cards. In an email sent to their users, the exchange which is best known for offering instantaneous crypto-to-crypto conversion, said this is “big news for wise investors” and users can now convert their Euro or USD for XRP through their official partner SimplexCC.
“Time to buy XRP now! Convert USD or EUR to Ripple (XRP). Big news for Ripple fans and wise investors! You can seamlessly buy XRP on Changelly via our partner Simplex from now on. Give it a shot! Best investments, Changelly.”
Though there are concerns that Changelly might change their policies and enforce Know Your Customer rules like ShapeShift, the exchange is trusted by the community because they are a safe and fast conduit where crypto transactions can be executed without revealing user identities.
Other reasons why the exchange is garnering market wide trust is because of their wide customer base, endorsement by crypto influencers as Charlie Shrem, 2FA which secure user account and their no deposit storage feature.
I love how @Changelly_team has no limits and awesome fees when going from crypto to crypto. No reason for exchanges !
— Charlie Shrem (@CharlieShrem) February 25, 2017
For better and fair rates, Changelly fuses their algorithms with those of Poloniex and Bittrex.
More about SimplexCC
SimplexCC is an EU licensed financial institution working towards creating a global, fraud-less payment processing platform. In an environment that is alert because of countless hacks and crypto siphons, SimplexCC technology allow merchants and other crypto businesses to securely conduct their activities with guaranteed fraud protection.
While acknowledging their partnership, Changelly CEO Ilya Bere said:
“Changelly team couldn’t be more excited to have Simplex onboard as our credit card processor partner. Thanks to Simplex, we monthly provide fiat-to-crypto payments for over 700K our customers around the world. Due to Simplex’s great service, our payment process is risk-free, and our users are more than happy!”
Regardless, investors should note that SimplexCC charges for their fraud protection services and fees cannot be lower than five percent.