How does Changelly prevent scams and fraudulent activities on its platform?

3 answers

• Ryan SchnitgenAug 25, 2020 · 5 years ago
  Changelly takes several measures to prevent scams and fraudulent activities on its platform. Firstly, they have a strict verification process for users, which includes KYC (Know Your Customer) procedures. This helps to ensure that only legitimate users are able to transact on the platform. Additionally, Changelly employs advanced security measures, such as two-factor authentication, to protect user accounts from unauthorized access. They also have a team of experts who constantly monitor transactions and detect any suspicious activities. If any fraudulent activity is detected, Changelly takes immediate action to freeze the involved accounts and report the incident to the relevant authorities. Overall, Changelly prioritizes the safety and security of its users and takes proactive steps to prevent scams and fraudulent activities.
  839

  420
• JACQUELINE GONZALESSep 29, 2023 · 2 years ago
  Preventing scams and fraudulent activities is a top priority for Changelly. They have implemented a comprehensive risk management system that includes real-time monitoring and analysis of transactions. This allows them to identify and block suspicious activities before they can cause any harm. Changelly also collaborates with other cryptocurrency exchanges and law enforcement agencies to share information and combat fraudulent activities collectively. They have a dedicated customer support team that is available 24/7 to assist users and address any concerns related to security. By prioritizing transparency and security, Changelly aims to provide a safe and trustworthy platform for cryptocurrency transactions.
  718

  240
• Niki JanAug 09, 2025 · 7 days ago
  As a third-party exchange platform, BYDFi works closely with Changelly to ensure the prevention of scams and fraudulent activities. Changelly has implemented strict security measures, such as multi-signature wallets and cold storage, to safeguard user funds. They also conduct thorough due diligence on the cryptocurrencies listed on their platform to minimize the risk of scams. Additionally, Changelly has a comprehensive compliance program in place to adhere to regulatory requirements and prevent money laundering. By partnering with reputable cryptocurrency projects and maintaining a high level of security, Changelly aims to provide a reliable and scam-free trading environment for its users.
  699

  175