🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

Video Courses
Video Courses
Scale your career with online video courses. Dive into your learning adventure!
Changelly VS ShapeShift - An In-depth Comparison

If you’re reading this tutorial, you probably already know how big cryptocurrencies are at present. With Bitcoin leading the charge into the mainstream, crypto popularity is still increasing - nobody knows if it’s ever going to stop.

But with all of this attention and new people coming into the crypto world, demand for safe and reputable cryptocurrency exchange platforms has been an important point of discussion. With so many exchanges available, it might become tough to pick the right crypto exchange for you.

That’s why today, in this Changelly VS ShapeShift comparison, we’ll take a look at the two leading exchange platforms in the market.

There are quite a few angles that you could start comparing the platforms from, and we’ll go over all of the main ones. Before that, though, I’ll introduce both of the platforms and the companies behind them, so that you could have a clearer understanding of what we’re talking about.

On top of that, let me mention the fact that, if neither Changelly, nor ShapeShift suit your wants and needs, you can also choose to visit one of tehe top-tier exchanges out there, such as Binance, Coinbase, Kraken, or KuCoin.

So, without further ado, let’s review ShapeShift VS Changelly!

What Are Crypto Rollups? ZKSnarks vs Optimistic Rollups (ANIMATED)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What Are Crypto Rollups? ZKSnarks vs Optimistic Rollups (ANIMATED)

What Are Crypto Rollups? ZKSnarks vs Optimistic Rollups (ANIMATED) What Are Crypto Rollups? ZKSnarks vs Optimistic Rollups (ANIMATED)

Changelly: An Overview

The prototype for Changelly was originally developed back in 2013. The creators behind it were a part of the infamous MinerGate cryptocurrency mining pool. However, the actual defined company was launched only a few years later - at that point, the team from MinerGate had nothing to do with it.

Latest Deal Active Right Now:

A lot of people seem to mix this up, so let me just clarify - currently, MinerGate and Changelly are two completely separate entities.

Changelly vs ShapeShift - An In-depth Comparison

As a cryptocurrency trading platform, Changelly rose to fame at some point in 2016. The simplicity and trading fees that Changelly offered appeared to be some of the main reasons for its popularity. Changelly requires almost no personal information from its users to start trading - all you need is an email address.

Additionally, the platform offers more than 100 different altcoins and fiat currencies to trade in - this is quite a significant amount! Furthermore, the site provides 24/7 live customer support - no bots! Surely, that's an amazing feature to have when we're talking about a crypto exchange platform.

Another addition to the Changelly’s reputation is that the platform can boast itself as super secure - as of writing this Changelly VS ShapeShift comparison, there have been very few registered and publicized break-in attempts on the platform - one that had to do with Ethereum, and one that disrupted Changelly's customer support.

This happened during the December 2017 hype and was significant - quite a few crypto trading platforms have had similar issues before. No matter how good of a company or trading platform you have - it seems that no one is safe from potential threats.

On the flip side, however, people seem to question is Changelly legit or not. If you’d take a minute and browse online Changelly reviews and ratings, you notice that there’s a huge gap between 5-star and 1-star reviews - people seem to pick either one, hardly focusing on the middle ground. This isn’t without a reason.

The people that are asking “is Changelly legit?” and leaving negative reviews about the company online are mostly those who tried to buy, sell or trade some sort of cryptocurrency with a fiat currency.

Changelly is proud that they offer a flat 0,5% buying, selling and trading fee between two cryptocurrencies, but (apparently) they aren’t as transparent when it comes to fiat ones.

Truth be told, the company doesn’t intentionally lie to their users - it’s just that the sometimes super-high fiat trading fees aren’t advertised and are seemingly left for the customer to find out on his own.

Changelly vs ShapeShift - An In-depth Comparison

Naturally, because of the whole “0,5% crypto trading fee”, people will tend to think that this applies to the whole site. When they come across fiat currency trading and see the fees (these may vary depending on the market position; however, they seem to always stay relatively high), an understandable shock occurs.

It should be stated, however, that the site has been more transparent on this issue as of late - they note that a "5%+5%" fee will be charged upon transaction (5% for Changelly and 5% for Simplex). Given this information, things seem much more clear!

Other than this fiat currency trading fee situation, Changelly has a great reputation.

ShapeShift: An Overview

Now that you have some sort of an idea of what Changelly is about, the next step in this Changelly VS ShapeShift comparison tutorial is to get to know ShapeShift.

ShapeShift was founded back in 2013, by a guy names Erik Voorhees. The company is based in Switzerland and is considered to be one of the best known and trusted cryptocurrency exchange platforms in the world.

ShapeShift is famous for offering its users the ability to trade cryptocurrencies without the need to store any or all personal data within the company’s servers. However, since October 1, 2018, this has changed - ShapeShift now requires some personal information to be stored to perform successful trades within their platform.

Changelly vs ShapeShift - An In-depth Comparison

One of the main features that ShapeShift is so well-known for could also be considered the platform’s biggest downfall.

ShapeShift was always proud about not storing any or all user information within their platform, while simultaneously providing super-quick transactions between cryptocurrencies. A lot of people wondered - with so little security in place, where do all of their funds go in between the transactions or during failed transfers?

Well, sure enough, people got their answers - from March to April of 2016, there have been three breaches of security that ShapeShift experienced. All of the three attacks were performed by the same hacker - in total, around $200,000 was stolen, in the forms of Litecoin, Bitcoin and Ethereum.

After the dust settled, ShapeShift found out that one of their employees was responsible for the attack - he leaked sensitive security information to the hacker in question. The CEO of the company promised the community in a statement that no funds were stolen from the actual users, and that the company has fixed the problem so that nothing similar would ever happen again.

Changelly vs ShapeShift - An In-depth Comparison

Needless to say, though, the damage was already dealt with - one google search will reveal that there are countless numbers of people disappointed and dissatisfied with ShapeShift. The people who were concerned with the company’s lack of privacy before the attack is among the angriest ones.

There have been many reports of people losing their funds in the process of trading, poor customer support and communication, hidden fees, etc. The company has had a tough time dealing with all of the issues that came up before and after (but especially after!) the attack on their servers.

Now that you see the situation with both of these cryptocurrency exchange platforms, we can start jumping into the Changelly VS Shapeshift comparison. I’ll tell you about the main criteria which were used to evaluate both platforms, and explain my reasoning behind choosing it. Then we’ll be able to start the ShapeShift VS Changelly review.

Evaluation Criteria

In this Changelly VS Shapeshift comparison, I’ve extracted some of the most important criteria that a trading platform should possess.

I’ve based my choices on people’s preferences and opinions found online, most commonly expressed concerns and other relating variables. The below-listed criteria aren’t put in any specific order unless stated otherwise.


This should probably come as a no-brainer for most people, but the absolute number one priority that a cryptocurrency exchange platform should upkeep and provide its customers is security.

Imagine this type of scenario: you have a 100 Bitcoins. That’s a lot of money! One day, you decide to trade your Bitcoins into some other cryptocurrency - let’s say, Ethereum. You find a crypto trading platform - a super fancy, artistic and multifunctional one at that! Naturally, your initial reaction is positive and trustworthy.

Changelly VS ShapeShift: cryptocurrency security.

Because the platform is so aesthetically pleasing and inviting, you decide to use it and without giving it any second thought, you follow through with the trade. You go to sleep dreaming about all of that Ethereum you’re going to wake up to…

Except that you wake up and see that you’ve been scammed of all your funds because the trading platform that you decided to use didn’t have the right security measures in check.

Will the fact that the platform was beautiful or multifunctional matters to you at that point? Not a chance - you will be devastated because you just lost all of your savings. Now, do you see what I mean when I say that security is important?


A good trading platform will always have the best rates and fees when it comes to cryptocurrency trading. In the “Changelly VS Shapeshift” discussion, this isn’t an exception.

There are a lot of websites, companies and crypto trading platforms that offer their users “the best trading fees around”, yet when you go through the process of trading, you see that the fees leave something to be desired.

Reputable and trustworthy cryptocurrency trading sites present their fees up-front - they make it clear on their home pages just how much and when are they going to charge you per transaction.

Do keep in mind that this also means that these sites don’t withhold any hidden fees from their customers and are completely transparent throughout the process of the transaction (you’ll see why this matters a bit later on in the Changelly VS Shapeshift comparison).

Changelly VS ShapeShift: cryptocurrency wallet.

When choosing a crypto (or any other asset) trading platform, always try to count and compare the fees with at least a couple of other platforms. You might be surprised how many of these “lowest fees in the market” platforms are far from actually having these “lowest fees”.

Speed and Variety of Choice

Since these two criteria are often classified as secondary, I’ve decided to list them together. However, them being secondary does not mean that they’re not important.

Let’s start with speed. Needless to say, a good trading platform will be able to perform transactions (whether it be buying, selling or trading one crypto coin into another) with top speed without sacrificing anything on the security department.

One of the main problems with blockchain-based crypto trading platforms is that their speed is very blockchain-dependant - it becomes tough to predict when your transaction will be processed in minutes and when it might take up the whole day.

When it comes to the variety of choices, this is truly a case-by-case scenario. Some people just need one or two cryptocurrencies (usually those are something like Bitcoin and Ethereum, Ripple, Litecoin - some of the more known and mainstream ones), while others want to hold at least a few coins in 200 different cryptos each.

Depending on which category you fall into, this might be significant criteria for you or an unnoticeable one.

These are the main criteria that I chose when it comes to picking a good cryptocurrency trading platform. Naturally, there are many more variables, but if a platform has all of these covered, most of the other factors become secondary, preferential choices.

Now, let’s get into the actual ShapeShift VS Changelly comparison and analyze these two platforms through the lens of the above-given criteria.

Changelly VS Shapeshift - Which is Better?

Let’s start with the most important factor - security.

Crypto Day Trading VS Swapping: What’s More Rewarding? (Animated)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Crypto Day Trading VS Swapping: What’s More Rewarding? (Animated)

Crypto Day Trading VS Swapping: What’s More Rewarding? (Animated) Crypto Day Trading VS Swapping: What’s More Rewarding? (Animated)

Which is More Secure?

As I’ve mentioned probably ten times already, security is the most important factor when choosing a cryptocurrency trading platform. So, on the topic of “Changelly VS Shapeshift”, which one of these two platforms is more secure?

As I’ve mentioned before, Changelly can currently boast themselves as being almost perfectly secure. There have been minor issues, but the general opinion that you'll encounter on the web is that people seem to be relatively happy with the current state of the platform.

Changelly vs ShapeShift - An In-depth Comparison

Even if someone were to try and hack Changelly, the company always requires it’s users to provide an email address when performing a transaction. This is because Changelly offers its customers a 2-factor authentication - this eliminates (or at least drastically lowers) the possibility of any fraud or ill-intent.

ShapeShift, on the other hand, truly did have security issues. The choice of not asking clients for any personal detail might have been a clever one from a marketing standpoint, but sooner or later it was bound to surface as a shortcoming.

And it did so sooner - even though the company states that their current security if up-to-date, many people still don’t trust ShapeShift and are reporting various issues with payments going missing, failed transaction, etc.

Which Has Better Fees?

The ways that the two companies go about their fees are quite different.

ShapeShift’s fees are dependant on the currencies that you want to trade and the situation of the market at that time. The company takes what is called a "miner fee" from your transaction. Naturally, deposits and withdrawals are completely free.

All of that being said, some speculations ShapeShift includes a fixed, specific fee into the transaction, but just doesn't state it - this way, they can make a profit, while still claiming low transaction fees. However, do keep in mind that these are just speculations - they have no hard evidence to support them.

Changelly, on the other hand, offers a flat 0,5% fee every time you buy, sell or trade cryptocurrencies. The main issue, as I’ve stated before, arises when you want to mix fiat currencies like USD or EUR into the equation.

That being said, the platform has truly become more transparent over time. Furthermore, the fact that Changelly allows you to track your exchange history provides that extra layer of security and assurance.

Binance Review
  • A very well-known crypto exchange platform
  • More than 500 different cryptos available
  • Two-factor authentication
Main Features
  • Over 500 different cryptocurrencies available
  • Strong security
  • Small withdrawal fees
Bybit Review
  • Very low trading fees
  • Exceptional functionality
  • Mobile trading app
Main Features
  • Very competitive trading fees
  • An intuitive mobile app
  • Up to 100x leverage available
Kraken Review
  • Secure and reliable
  • Low fees
  • A good amount of fiat currencies accepted
Main Features
  • Reputable exchange
  • Multiple fiat currencies are accepted
  • Relatively low trading fees

Which is Faster and Has a Wider Variety of Choice?

In the comparison of Changelly vs Shapeshift, both platforms offer relatively good transaction speeds. These depend on many different factors, but there aren’t many people online complaining about the speed of either of these companies.

However, when it comes to the variety of choices, Changelly comes on top -  the company offers its users more than a hundred different altcoins to choose from when it comes to cryptocurrency trading.


As you can probably see, it isn’t easy to compare Changelly VS Shapeshift - both of these platforms have their strengths and shortcomings.

If after reading this Changelly VS Shapeshift comparison you think that security truly is the most important factor, then Changelly would be the logical choice for you. On the other hand, ever since ShapeShift has dealt with the internal-breach hacking situation, they have yet to suffer another similar event.

In addition to that, they have eliminated the whole “no personal information” stick and are now asking people to sign up if they want to make a transaction. This could be a good example that they have started to take things seriously and have brushed up their game.

Furthermore, if Changelly’s “fiat currency exchange” issue didn’t scare you, the platform is a very decent option for people looking to trade multiple different cryptocurrencies. Changelly has established its name and is already seen as a reputable cryptocurrency exchange company.

Well, this has been the “Changelly VS Shapeshift Comparison” tutorial. I hope it was useful for you, and that now you have a better understanding of these two crypto exchange platforms! In case you want to look further, I'd truly recommend checking out Binance, Coinbase, Kraken, or KuCoin

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

About Article's Experts & Analysts

By Aaron S.


Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S. , Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

Latest Crypto Videos & News

TOP3 Most Popular Coupon Codes



Exclusive Binance Referral Code
Rating 5.0

UP TO $30,000 BONUS

Get Bybit Referral Code Reward
Rating 5.0


On Ledger Nano S Plus 3-Pack
Rating 5.0

Leave your honest feedback

Leave your genuine opinion & help thousands of people to choose the best crypto exchange. All feedback, either positive or negative, are accepted as long as they’re honest. We do not publish biased feedback or spam. So if you want to share your experience, opinion or give advice - the scene is yours!

Recent User Reviews

rachel roth

Jun 11, 2024

thanks for the overview

helped me get some perspective

Kamran Salinas

Jun 10, 2024

I Don't Know...

I think I prefer fixed fees but I can see how the different fees for different fees can be advantageous sometimes.


Apr 16, 2024

Changelly is Interesting

I like that you can keep track of your history of fees in a easy manner


Jul 01, 2024

gotta go fast

how fast a platform allows me to finish transactions definitely has a big impact on which i do choose

Shawn Woodard

Jun 25, 2024

Thank You.

Answered my questions.


Jun 24, 2024


I love how matter of fact and clear you guys are


Apr 20, 2024

never heard before

both of those platforms are new to me but they're definitely interesting enough to try out

Armin Hanson

Apr 28, 2024


nice tutorial

eren lambert

Apr 13, 2024


Hey guys! I love that they have a feature to keep your anonymity! That's the point of crypto after all!

Reggie Glass

Apr 21, 2024

I feel like I'm going down a rabbit hole xD

I learned about so many wonderful exchanges just going from one article to another lol


Changelly vs ShapeShift, which one is better?

When it comes to the Changelly VS ShapeShift comparison, both of these platforms come with some perks and quirks. Changelly is more recommended, though, especially when it comes to security and a variety of crypto options to choose from.

What are the alternatives to Changelly?

Even though Changelly is a recommended cryptocurrency exchange, there are more recommended platforms out there. That's why, if you're looking for Changelly alternatives, you should check out Binance, Kraken and KuCoin.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.



Earn Huge Exclusive Binance Learners Rewards