When you want to exchange your Bitcoin into fiat, you will need to use the services of a reputable Crypto exchange. There are many exchanges on the internet that show up every other day. But not all of them are credible. Changehigh.com is one of those exchanges which you should be cautious not to send money to because their reputation is not known, and they do not even have a track record of ever serving clients in this capacity.
Change High was created in September 2018 and has been claiming to operate like a genuine exchange where customers send funds in Crypto currencies so they can receive them in fiat currency through PayPal. What this exchange offers appears to be too good to be true given that their rates are better than the price of Bitcoin at the moment. They claim that if you exchange through Change High will earn you money at the end of the day because it is profitable to do business on their site.
Change High also claims that they are providing the safest and fastest way to exchange Crypto currencies. Their marketing material proclaims that their service is beautiful, elegant and convenient to all those who have Crypto currencies that they want to exchange. We have also looked at consumer feedback regarding this site and discovered a number of things. Most users say that the site is not scamming. However, their offer appear to be too good to be true. That means you won’t be getting the exact thing that you bargained for when trading your Bitcoin with this site.
Having said this, it would be imperative to discuss the various aspects of this site from now moving forward. What are the advantages and what are the disadvantage? Can this site be trusted to yield what they say they can do? In the meantime, you could generate more Crypto currencies by mining them. Sign up with one of these cloud mining platforms which have built their solid reputation for a very long time now.
Change High is a very interesting site given that there are a lot of reviews which are discussing the site and its operation. The site is really drawing attention from all Crypto currency enthusiasts but the level of anonymity which they have maintained on their site is disturbing. Moreover, we feel that their rates are too good to be true. Of course it could be advantageous if the exchange was providing what it say it does without fail. There are many people who hold Bitcoin or other Crypto currencies and want to send it over to their PayPal accounts but don’t know how to do it. These are the people that Chain High is primarily targeting to do business with.
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The site accepts and exchanges nearly all Crypto currencies. The process happens in minutes but can take up to 2 hours for the funds to reach their destination in form of spendable cash. The site also promises safety of client information as well as transactions. They claim that transactions will conducted anonymously and hence nobody will ever harvest your information on this platform. Whatever the case, we feel that this is not an assurance because if the company in question is anonymous, there is no way they can assure us that sensitive information won’t leak to a third party.
Is there any assurance that the site will send your money as claimed on their marketing materials?
This is a very difficult question to answer given that these people are anonymous and secondly, we do not know whether or not they have PayPal balance at all time. It would be very difficult to address this question in a comprehensive way. But to get a sneak peak of what normally happens, let’s consider client feedback which can be found all over the internet.
We managed to find reviews on sites like Quora where one previous customer alleged that the site was good but they had a problem with it because once they sent Bitcoins to their address, the site sent the equivalent to PayPal using different address – some unverified. As a result, this caused the funds to be held by PayPal and this was inconvenient. At the end of the day, PayPal limits the accounts and all the balance can be obtained after 180 days. So the biggest concern here is how to send funds to their customers without using PayPal because these two don’t mix. This customer’s opinion was that if you did business with the site, you’d simply get your account banned and therefore does not recommend it at the moment.
There are many other opinions and reviews out there discussing what this site is and what it is not. But generally, there is a sense of insecurity as many users tend to claim that one should stay away from Change High.
Although some people seem to be recommending Change High for transactions where the customer wants their Bitcoin in USD, others are against dealing with this site at all cost. The first complaint is that the site does not have an about us page and therefore we don’t know about the company behind this site. This is quite a valid reason to stay away from this site. The second valid reason is that the site does not have live chat support which means that if you encounter a problem, it will not be fixed as soon as you’d want it to be fixed.
Thirdly, these sites are known to scam for large amounts but usually pay for small amounts. These are risks that you could be subjecting your funds to if you transact with a site like Change High.
While this exchange seem credible for a small number of users out there, we feel that there is still a big risk to transacting with the site especially where it involves a big amount of money. Just keep generating BTC with these sites.
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