Increasing Monetization of Cryptocurrency Wallets with ChangeNOW API
In its recent data sheet, Statista stated that the number of B2B cross-border transactions on the blockchain will reach 745 million by 2025, with 15,174 businesses currently accepting Bitcoin. On average, 56% of retail crypto transactions total between $100 to $500 in the global ecommerce sector. Crypto adoption is on the rise and so is the need for crypto wallets, which will be growing as the growth of the Web3 environment accelerates.
In the evolving Web3 market, significant opportunities for growth and increased profits are emerging. However, this growth is accompanied by rising competition, which is putting pressure on profitability due to the influx of new projects and innovative solutions from competitors.
According to ChangeNOW information, many projects are experiencing a decline in profitability. Users are making fewer transactions and are increasingly shifting to other platforms because their current services fail to meet their needs. Additionally, subscriber bases are growing at a sluggish pace, further impacting overall performance.
Key Takeaways
Integrating ChangeNOW’s API enables cryptocurrency wallets and exchanges to enhance transaction frequency, retain users, and offer seamless in-app crypto exchanges, leading to higher engagement and additional revenue.
ChangeNOW offers a straightforward, free API integration with 24/7 personalized support, ensuring smooth onboarding and troubleshooting, allowing businesses to focus on growth while ChangeNOW handles the technicalities.
The ChangeNOW API supports more than 1,225 assets across more than 150 networks, integrated with over 50+ fiat currencies. This enables users to buy cryptocurrencies using credit cards or to withdraw to bank accounts, thereby widening the scope for business.
Advantages of Integrating ChangeNOW’s API Services
The ChangeNOW API is specifically designed to help increase the profitability of cryptocurrency wallets, exchanges, and aggregators. With the benefits that partners gain from integrating the API, they can retain existing users, boost transaction frequency, and provide better service for their customers.
Integrating the ChangeNOW API into your service offers numerous advantages:
- Start earning commission of 0.4%, with flexible exchange commissions that can be tailored for different currency pairs.
- Access to over 1,225 assets across more than 150 networks.
- Integration with 15 liquidity providers, including DEX, CEX, and fiat options.
- Transactions are completed within 2 minutes.
- Minimum swap amount is just $2.
- Ensures complete control of your assets without custody.
- 3 support lines are available around the clock for immediate assistance and troubleshooting.
- Automated solutions for transaction issues like network discrepancies or faulty deposits.
These factors give the wallet that integrates the ChangeNOW API meet the expectation of the absolute majority of crypto users and stay ahead of competitors.
Business Benefits of API Integration
Increasing Revenue
The default affiliate commission is 0.4%, but you are free to increase or tailor to your liking the commission that you want to receive. You can even adjust the commission for any swap pairs and coins!
Free Integration and Support
Upon registration, you will immediately get your API key in your personal account. Basic integration usually takes 1-2 days, while full integration typically takes up to two weeks.
Personalized Support
You will have a dedicated account manager and have access to three 24/7 support lines. When you reach out for assistance, you will be speaking to a real person, not a bot. The average response time for resolving issues is just 3 minutes! Requests upon sending assets to the wrong network or the sending wrong coins are processed automatically. The users might not even notice that something went wrong. Only 0.5% of exchanges go through KYC verification. However, if such a situation arises, our support team can resolve the issue upon request or return the assets to the account.
Best Rates and Transaction Processing in 1-2 Minutes
We offer competitive rates and transaction processing times of just 1-2 minutes. We buy liquidity ahead of time at good prices, so we don’t have to depend on exchanges to get transactions done. As a result, your users benefit from attractive prices.The speed of our exchanges encourages users to complete transactions more frequently and makes it less likely that they will switch to your competitors.
Fiat Support.
ChangeNOW works with a variety of fiat on- and off-ramps, supporting 50+ fiat currencies. Users can purchase cryptocurrencies using credit cards or withdraw their earnings directly to their bank accounts.
Success Stories: Wallet Integrations with ChangeNOW API
Cake Wallet’s 5-Year Success with ChangeNOW API
"Cake Wallet has integrated ChangeNOW for nearly five years, and we have an excellent relationship. ChangeNOW’s simplicity and reliability perfectly complement the goals of our wallet." Vik Sharma, CEO of Cake Wallet
With the ChangeNOW API, Cake Wallet allowed its users to exchange cryptocurrencies right inside their wallet, which saved time, increased the user experience, and avoided the need for searching among third-party exchange platforms. Furthermore, the integration enabled instant and secure transactions, increasing user confidence in their exchanges. It also brought more user engagement for Cake Wallet, more retention, and additional revenue from the transaction fees and the referral programs in general.
Edge Wallet’s Seamless Crypto Swaps
"It has been great working with the ChangeNOW team. They provide fast swaps with exceptional customer support and nearly zero technical issues. We are proud to have them as a partner in Edge." Paul Puey, CEO of Edge Wallet
With ChangeNOW's Exchange API integrated, Edge Wallet users can freely swap 1000+ cryptocurrencies. It means that users receive the best rates without additional fees and instant transactions without signing up for an account. For Edge Wallet, this brings higher revenue due to transaction fees and security and trust brought by a reliable and privacy-centric interface. It all stronger the user engagement and attracts more crypto enthusiasts.
How to Get Started with ChangeNOW API
Visit our API page and create your personal business account. Click the "Start your integration" button and you will be provided with your API key straight away, ready to start your integration. You will find all the API documentation on the page. If you encounter any issues, please contact our support via chat, or send an email at partners@changenew.io.
