FixedFloat is a cryptocurrency exchange platform that aims to simplify the process of swapping or converting cryptocurrencies. With a focus on providing a seamless and user-friendly experience, FixedFloat allows users to instantly exchange one cryptocurrency for another at a fixed rate. In this review, we will explore the features, benefits, and overall experience of using FixedFloat for instant cryptocurrency swaps.
What is FixedFloat?
Official Website
https://fixedfloat.com/
Founding Year
2018
Head Quarters
Seychelles
Trading Volume
Unavailable
Trading Options
Swapping cryptocurrencies
Gas fees
Fixed rate – 1%, Float rate – 0.5% + Network fee
Total listed Coins
64
Trading Pairs
70+
Supported fiat currencies
No fiat currencies supported
Withdraw options
All main chains are supported – ERC, BEP 2, BEP 20
Bank withdrawal Supported
No
Withdraw fees
Only network fees required
Deposit methods
Fiat currency is not supported
Restricted countries
10+
Native Token
No native Token
Mobile app
No Mobile App
Support Channel
https://fixedfloat.com/support
Coinpedia rating
8/10
Security rating
8/10
User Interface
Easy to use
Ease to set up
Very easy
App store Rating
No official Mobile App
Play store Rating
No official Mobile App
Security
Highly Secured
Hacking attempts/Hacks
Never been hacked
KYC verification duration
No KYC required
Regulation & Compliance
Compliant
Liquidity
Act as a currency exchange
Proof Of Reserve
Not required as it operates on Non custodial Model
What is FixedFloat?
FixedFloat was launched in 2018 by a team of crypto enthusiasts with backgrounds in finance, web tech and entrepreneurship. Its distinctive feature is the fully automated operation of the service. Also, FixedFloat is the first and only instant exchanger that supports the Lightning Network.
FixedFloat is easy to use for both experienced users and newcomers to the crypto community. The service guarantees a safe transaction – users are not required to register, and user funds are not stored in the service. FixedFloat is regularly updated, adding new currencies and increasing reserves.
Features
Instant Exchanges
: FixedFloat allows for instant cryptocurrency exchanges, enabling users to quickly swap one cryptocurrency for another without any delay.
Trading fees
– The platform allows you to opt for a float rate of 0.5% or fixed rate of 1% and additionally network fee is also charged.
Automated Operation
: The platform operates fully automatically, ensuring seamless and efficient transactions without the need for manual intervention.
No Registration Required
: Users can start exchanging cryptocurrencies on FixedFloat without the hassle of creating an account or going through a lengthy registration process.
Non-Custodial Service
: FixedFloat does not store user funds on the platform. This adds an extra layer of security, as users retain control of their cryptocurrencies throughout the exchange process.
Lightning Network Support
: FixedFloat is the first and only instant exchanger that supports the Lightning Network, a layer-2 scaling solution for faster and cheaper Bitcoin transactions.
User-Friendly Interface
: FixedFloat is designed to be easy to use, catering to both experienced cryptocurrency traders and newcomers to the crypto community.
Regular Updates
: FixedFloat continuously updates its platform, expanding the range of supported cryptocurrencies and increasing reserves to provide users with a broader selection and ample liquidity.
Cryptocurrencies available on FixedFloat
64 cryptocurrencies are currently available on this platform. Some of the popular coins are
Bitcoin
Ethereum
Litecoin
Chainlink
Solana
Tron
Cardano
Basic Attention Token
BNB
Dogecoin
How to Set Up an Account on FixedFloat?
Setting up an account on FixedFloat is not required, as the platform operates on a non-custodial model and does not store user funds. Instead, FixedFloat offers a straightforward and hassle-free experience without the need for registration. Users can directly initiate cryptocurrency exchanges on FixedFloat without creating an account or providing personal information. Only if you are opting for an affiliate program you need to register on the platform.
Let us see how to create an account on fixedfloat exchange
Click on Sign up button on the the homepage of fixedfloat
Type your email address and select password
You will get a confirmation email once you complete the process
How to swap/ convert a token on FixedFloat?
Here’s a step-by-step process to use FixedFloat for cryptocurrency exchange:
Visit the FixedFloat website.
Select the cryptocurrencies you want to exchange.
Specify the cryptocurrency you currently have and the cryptocurrency you want to receive in return.
Provide the wallet address where you want to receive the exchanged cryptocurrency. Double-check the address for accuracy.
Review the exchange details, including the exchange rate and the amount of cryptocurrency you will receive. Ensure you are satisfied with the terms before proceeding.
Send the cryptocurrency you want to exchange to the provided address on the FixedFloat platform. Follow the instructions carefully and initiate the transaction from your own wallet.
Once the transaction is confirmed, FixedFloat will process the exchange.
The resulting cryptocurrency will be sent directly to the specified recipient address.
The exchanged cryptocurrency will be transferred to your designated wallet.
Fees And Supported Payment Types
FixedFloat offers two ways to exchange cryptocurrencies with different fees:
fixed rate and float rate.
With the fixed rate option, you pay a fee of 1% of the transaction amount, plus any network fees. You get the exchange rate you see when you start the transaction. However, if the market rate changes by more than 1.2% before your transaction is confirmed on the blockchain, you may need to choose between the new rate or getting a refund.
The float rate option has a lower fee of 0.5%, plus network fees. The exchange rate is set when your transaction is confirmed on the blockchain. If the market goes up, you’ll get more cryptocurrency, and if it goes down, you’ll get less. It’s a fair way to exchange based on market changes.
Both options have transparent fees, and there are no hidden commissions. You can decide which option works best for you based on your preferences and how comfortable you are with market fluctuations.
Affiliate Program
FixedFloat offers an exciting affiliate program that allows you to earn profits from every exchange made by your referred customers. By registering in their program and obtaining an affiliate link, you can easily start earning. Simply place the link on your platforms or resources, and when people click on it and make an exchange, you will receive 40% of the profits generated from each exchange conducted by your clients.
The program offers full transparency, displaying all exchanges made by your customers in your affiliate account on FixedFloat’s website. With a high percentage of profit and a low minimum withdrawal amount of just 0.001 BTC, FixedFloat’s affiliate program presents a great opportunity to build a successful business and earn rewards for your referrals.
Customer Support
At FixedFloat, they’re always there to help you whenever you need it. You can get in touch with their customer support team 24/7 through different options. Start a live chat on their website for quick assistance. If you prefer Telegram, they usually reply within 10 minutes. On Twitter, they aim to respond within 24 hours. You can also email them, and they strive to reply within 24 hours too. With their dedicated support, FixedFloat ensures that your questions and concerns are promptly addressed at any time.
Recent Updates
May 2023
– FixedFloat has recently
introduced
Dutch language support to their platform, allowing users to access and navigate the platform in Dutch.
Feb 2023
– FixedFloat unveiled newly redesigned
website
, showcasing an enhanced interface, a host of new features, and a fresh look to enhance user experience
Conclusion
In conclusion, FixedFloat is a reliable and user-friendly cryptocurrency exchange platform that offers instant exchanges with a fully automated operation. With its competitive fees, support for the Lightning Network, and continuous updates to expand currency options, FixedFloat provides a seamless experience for both experienced users and newcomers to the crypto community.
The non-custodial service, transparent fee structure, and exceptional customer support further enhance the trust and convenience of using FixedFloat. Whether you’re looking to exchange cryptocurrencies, participate in the affiliate program, or seek multilingual support, FixedFloat presents a compelling option for your cryptocurrency exchange needs.
FAQs
Is registration required to use FixedFloat for cryptocurrency exchanges?
No, registration is not required on FixedFloat. The platform operates on a non-custodial model, allowing users to exchange cryptocurrencies without creating an account or providing personal information.
How long does it take to complete a transaction on FixedFloat?
FixedFloat offers instant exchanges, allowing users to swap cryptocurrencies quickly. The actual transaction time may vary depending on the blockchain network’s confirmation speed for the specific cryptocurrencies involved.
Are there any fees for using FixedFloat?
Yes, FixedFloat charges trading fees for cryptocurrency exchanges. They offer both fixed rate and float rate options, each with its own fee structure. The exact fees, including network fees, are transparently displayed during the exchange process.
Is FixedFloat a secure platform for cryptocurrency exchanges?
Yes, FixedFloat prioritizes security. They operate on a non-custodial model, meaning user funds are not stored on the platform. Additionally, FixedFloat regularly updates its platform to enhance security measures and ensure a safe exchange environment.
Trading Fees
Security
Transparency
Customer Service
Overall
3.9
Pros
Offers instant swap of cryptocurrency for another
Offers full privacy as registration is not required
User friendly interface
Provides an extra layer of security by using Non-custodial Model
Transparent fee structure
Continuous updates by adding new currencies
Supports Lightning Network
Cons
Fiat currency is not supported
Not ideal for users seeking for fiat-to-crypto transactions
Float rates are subject to market volatility
No account based features
Tags
Crypto Exchange
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