There is an increasing adoption of non-custodial cryptocurrency agencies, motivated by the numerous challenges that users have encountered with their custodial counterparts. Security issues and corruption in the system have cost custodial and centralized agencies the trust that was bestowed on them.
The recent incident with FTX, which was arguably the world’s second-largest crypto exchange has left several crypto users worried. It has also become a reason for many of those users leaving centralized exchanges and looking for more transparency in non-custodial and decentralized platforms like ChangeNOW.
What is ChangeNOW?
ChangeNOW is a non-custodial crypto exchange that offers instant services to its users without hassles. The platform offers limitless swap services across over 200 different coins, in a transparent environment.
On ChangeNOW, no form of registration is needed, nor is any KYC required. The platform comes close to the original principle of decentralization, as envisaged by Satoshi Nakamoto, where users will be in control of their processes, instead of any centralized entity that may be subject to government regulation.
How does ChangeNOW work?
ChangeNOW does not have any pool of funds stored somewhere. Rather, it is integrated with the top exchanges in the industry. Such exchanges include Binance, Huobi, BitFinex, Kucoin, and OKEx.
When a user activates a trade on ChangeNOW, the platform identifies the best exchange rate at that moment of the trade. This rate is then offered to the user, and between 5 to 30 minutes, the transaction is completed. Users are advised to check the list of supported tokens on ChangeNOW, as depositing tokens that are not supported might lead to a loss of funds.
NOW price prediction
The native token of the ChangeNOW platform is NOW. As of the time of writing, the price of NOW was $0.03571. This price is projected to rise to $0.04376 by November 26, 2022. By the end of 2023, NOW is expected to reach $0.07855, $0.10140 in 2024, and $0.13091 in 2025.