Two years ago, Change launched to the world, offering no commission crypto trading from its sleek and interactive mobile application. Not one to rest on its laurels, Change has continued to grow over the years, adding more and more features to compete as the number one crypto trading app and mobile wallet.
In a brand-new update to the app, Change introduced a highly anticipated feature – instant card deposits.
A Step Forwards for Change
Until now, people using the Change app could only deposit fiat currencies through a bank transfer. While this carries no fees and is a safe option, bank transfers can take quite a lot of time, especially if you factor in weekends and public holidays. So, to help crypto fans speed up their fiat deposits, Change has implemented the ability to deposit using your credit or debit card, with the transfer being credited to your account instantly. However, this does come at a cost. For all instant card deposits, you’re looking at fees of 2.5% of the total deposit amount – making it one of the more expensive card deposit features available on the market.
Other Cheaper Options Out There
There’s no arguing that Change is one of the best crypto trading apps on mobile, its user experience is second to none, but that hefty 2.5% fee is rather steep. For example, over on Wirex, the instant card deposit fees are only 1%. This is still quite a lot when you compare it to the likes of big exchanges such as Binance and Coinbase where fees are as low as 0.5%, but you’re getting the true mobile experience. So, do bear this in mind before you dive into buying crypto using your credit or debit card.
There are Workarounds
If you want to take full advantage of the commission free crypto trading available at Change, you might want to consider buying your crypto elsewhere with lower fees on the instant card deposit, buy a cryptocurrency there with a fast transaction time that Change supports, then sending it to your Change account. Then once the crypto has cleared in your Change account, trade until your heart’s desire using the commission free service – you’re welcome.
Change is arguably one of the better mobile crypto trading apps and wallets, and this new instant card deposit feature only makes it better. Do keep an eye out for the fees, though,
