The cryptocurrency market is maturing, and the number of projects related to cryptocurrency exchanges is constantly growing. Traders, investors, and hodlers are constantly looking for easy-to-use crypto exchange services, but the sheer amount of options can be overwhelming, and hinder users looking for the exchange with the best rates and most hassle-free account verification procedures. In this regard, exchangers are an option that simplifies the process of looking through the alternatives by accumulating and integrating information from many of the most known exchanges in order to find the best rates. This allows users of exchangers to trade their crypto fast, and at some of the best rates in the market.
In this overview we will take a look at some of the exchanger market options — some of the older ones and some of the more recent ones. To find out their exchange rates, we decided to check how much ETH we can get with 100 USDT in each one of the exchangers. All prices were gathered on Aug. 27, 16:27 UTC.
₮100 = 0.53806 ETH
Changelly is a Hong Kong-based exchanger that was founded in 2015. The platform supports over 150 cryptocurrencies in total, and has two million customers worldwide. With Changelly, 100 USDT will get you 0.53806 ETH.
Changelly has a score of 8.3 based on 1,199 reviews on Trustpilot, with 63% of the reviews labelled as excellent. Their customer support is advertised as being open 24/7. The exchange process is anonymous. However, the service reserves the right to compel its users to go through AML / KYC procedures. Because of this, it is necessary to log into your account before using Changelly.
Changelly prohibits nationals or residents of Cuba, Iran, North Korea, Crimea, Sudan, Syria, United States of America (including all USA territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands, Bangladesh and Bolivia, as well as any other country subject to United Nations Security Council Sanctions List and its equivalent, from using its services.
₮100 = 0.52430 ETH
CoinSwitch was founded in India in 2017. It offers an ample variety of cryptocurrencies, though login may be required in certain instances. With CoinSwitch, 100 USDT will get you 0.52430 ETH.
CoinSwitch has support for almost 600 coins thanks to the integration of many well-known and lesser-known cryptocurrency exchanges. This exchanger has a score of 9.6 on Trustpilot, where, out of its 187 reviews, 93% rated excellent. CoinSwitch also offers information about upcoming airdrops, along with occasional promotions and offers for its users.
The CoinSwitch website promises to comply with all legal requests for information and reserves the right to share all user information it gathers. Their service is available to anyone on any trade or economic sanctions lists, designated as a “Specially Designated National” by OFAC (Office of Foreign Assets Control of the U.S. Treasury Department) or placed on the U.S. Commerce Department’s “Denied Persons List,” and individuals residing in Cuba, Iran, North Korea, Crimea, Sudan, and Syria.
₮100 = 0.51389 ETH
Godex was founded in 2017, and it does not have a central office. Their team is located in Ukraine, the U.S, Italy and Russia. Godex allows you to trade over 200 cryptocurrencies without any amount limit and without any form of identification, account or registration. In Godex, 100 USDT came to 0.51389 ETH.
Trustpilot users have rated the exchange a 8.5, based on 73 reviews, 84% of which are excellent. In the reviews, the comments that stand out the most are related to the exchange’s fast speed and good customer support, although there are more than a few mentions of Godex rates being higher than those on other exchanges.
There is a minimum amount when exchanging USDT for ETH. When checked, the site stated that no less than 102 USDT could be traded with ETH at the moment, although other services allowed it. The amount for 100 USDT in the table above was taken by simply taking the amount you get for 150 USDT and then dividing it by 1.5.
Godex service is prohibited in Cuba, Iran, North Korea, Crimea, Sudan, Syria, the United States of America (including the island territories of the United States), Bangladesh and Bolivia, and any other country on the United Nations Security Council sanctions list.
The exchange process is anonymous. However, the service reserves the right to make its users go through AML / KYC procedures.
₮100 = 0.53153 ETH
CriptoIntercambio is a Chilean exchanger that was founded in May of 2019. This exchanger promises no extra charges, no limits, and no verifications. CriptoIntercambio will give you 0.53153 ETH for 100 USDT.
Cripto Intercambio seems to be primarily oriented towards the Latin American market and users who speak Spanish and Portuguese. The exchange process is fast and does not require registration. The company is a newcomer to the market and is still in the process of luring early adopters. At press time, they only have two reviews on Trustpilot, with a score of 7.4.
Use Cripto Intercambio is prohibited for any national or resident of Cuba, Iran, North Korea, Crimea, Sudan, Syria, United States of America (including all USA territories like Puerto Rico, American Samoa, Guam, Northern Mariana Island, and the US Virgin Islands, Bangladesh and Bolivia, as well as any other country subject to United Nations Security Council Sanctions List and its equivalent ('Prohibited Jurisdictions').
At the moment of writing this overview, Changelly offered the best exchange rate. Out of all of the above, Changelly is the one with the most users and longest track record. Cripto Intercambio takes second place when it comes to rates, but since it is a new player, having just launched earlier this year, it has the least amount of cryptocurrencies available and the lowest score on Trustpilot. Moreover, Cripto Intercambio only offers customer service via email.
CoinSwitch, with the third best exchange rate, is the exchange platform that offers the most amount of cryptocurrencies and available languages, making it more accessible to users from around the world. It is also the platform with the best score on Trustpilot and the only one of the platforms mentioned that isn’t restricted to U.S residents. Godex on the other hand, has the worst rate out of the 4 and it is only available in English, restricting its userpool. Although it offers the lowest exchange rate of the bunch, customers say it’s a price they are willing to pay for faster transactions and excellent customer support, with the team answering and solving problems allegedly within the hour.
Thank you for reading,
The COIN360 Editorial Team