ChangeNOW

ChangeNOW is an instant crypto exchange service focused on wallet-to-wallet swaps rather than order-book trading. In a typical flow, a user selects an input asset and an output asset, sends funds to a deposit address generated for the swap, and receives the output asset to a destination wallet once the exchange is completed.

Overview

ChangeNOW is commonly categorized as non-custodial for its core swap experience because it does not require users to maintain an on-platform trading balance in order to convert assets. Alongside crypto-to-crypto swaps, the platform offers fiat buy and sell functionality through third-party payment providers, plus tooling for partner integrations used by wallets, apps, and other services.

History and Background

ChangeNOW’s public materials describe the service as operating since 2017, with an initial emphasis on instant swaps and later expansion into additional account-based features. The project is associated with the NOW ecosystem and the NOW token, which is used in loyalty and membership-style features across ChangeNOW-branded products.

Core Products and Services

• Instant swaps: Crypto-to-crypto conversions with “fixed” and “floating” rate options. Floating rates typically settle near execution time, while fixed-rate options aim to lock a quoted outcome for a limited window.
• Fiat buy and sell: On-ramp and off-ramp flows routed through partner providers, typically supporting card payments and bank transfers where available.
• ChangeNOW Pro: An account experience that can add features such as cashback, transaction history exports, and additional compliance tools, alongside optional custody-style functionality for users who prefer account-based asset management.
• Integration tooling: APIs and widgets intended to embed swap and fiat conversion capabilities in third-party products.

Technology and Features

ChangeNOW’s swap flow is structured as a guided conversion: the user initiates a quote, deposits funds, and receives the output asset to a specified address after confirmations and execution. The platform emphasizes broad multi-asset coverage and multi-network support, with “all-in” pricing where service charges are reflected in the quoted rate. For fiat transactions, the user experience and requirements depend on the selected payment partner and the user’s jurisdiction.

Use Cases and Market Position

ChangeNOW is primarily used for quick conversions between major assets, stablecoins, and long-tail tokens, especially when a user prefers a simplified, wallet-to-wallet flow over maintaining balances on a traditional trading venue. It is also used as an embedded liquidity layer inside wallets and apps that integrate swap functionality, and for onboarding or cash-out via supported fiat rails where available.

Risks and Considerations

Instant swap services can expose users to execution risks tied to confirmation times, market movement during a swap window, and differences between fixed and floating rate modes. While KYC is not required for most swaps, identity checks may be requested for transactions flagged by risk controls, and fiat providers may apply their own verification requirements.

ChangeNOW is not an order-book venue for leveraged derivatives. As with many exchange and swap services, its infrastructure can appear in transaction trails during major incidents, as described in a CryptoSlate report on post-breach fund movements.