Cryptocurrency exchange platforms have become essential tools for digital asset holders looking to diversify or access different blockchain ecosystems. Among these services, FixedFloat stands out as a fast, non-custodial, and user-friendly option for swapping one cryptocurrency for another—without requiring registration. This guide walks you through the entire process of exchanging cryptocurrencies using FixedFloat, from understanding its core features to completing your first trade successfully.
What Is FixedFloat?
FixedFloat is a fully automated cryptocurrency exchange service that enables instant swaps between various digital currencies. One of its most appealing features is that no account creation is required to initiate an exchange. However, if you'd like to keep track of your transaction history, logging into a user account provides access to past orders.
Importantly, FixedFloat operates as a non-custodial platform, meaning it does not store users' funds at any point. Once you send your cryptocurrency to the provided address, the exchange is processed immediately upon receiving the necessary blockchain confirmations. This ensures enhanced security and transparency throughout the transaction lifecycle.
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How Are Rates Determined?
The exchange rate displayed on FixedFloat includes two components:
- Exchange fee: 0.5% for float rate orders, 1% for fixed rate orders.
- Miner fee: Covers network costs for processing both the incoming and outgoing transactions.
Depending on market volatility and blockchain congestion, these fees help maintain service reliability. For deeper insights into transaction confirmation mechanics, FixedFloat offers educational resources explaining how blockchain confirmations work behind the scenes.
Step-by-Step Guide to Creating an Exchange Order
You can start a new exchange directly from the homepage at FixedFloat.com. Let’s walk through the process using a real-world example.
Step 1: Choose Your Send and Receive Currencies
On the main interface:
- In the "Send" field, select the cryptocurrency you wish to exchange.
- In the "Receive" field, choose the coin or token you want after the swap.
For instance, imagine Bob wants to exchange Bitcoin (BTC) for Ethereum (ETH). He selects BTC in the "Send" field and ETH in the "Receive" field.
Step 2: Select Exchange Rate Type
FixedFloat offers two types of exchange rates: fixed and float.
Fixed Rate
- You receive exactly the amount shown when placing the order.
- Exchange fee: 1% + miner fee
- Rate locked for 10 minutes
- If market movement exceeds ±1.2% before confirmation, you’ll be prompted to either proceed at current rates or request a refund.
Float Rate
- Final rate determined when your transaction receives network confirmation.
- Potential to gain more (or less) based on market shifts during processing.
- Exchange fee: 0.5% + miner fee
- Order window: 30 minutes
In our example, Bob chooses the float rate to benefit from potentially favorable price movements and lower fees. He enters 0.0015 BTC as the amount to exchange.
Step 3: Enter Your Receiving Address
Input the wallet address where you’d like to receive the exchanged cryptocurrency. Ensure this address supports the selected output currency and blockchain network.
Bob enters his Ethereum wallet address in the designated field.
Step 4: Confirm and Start Exchange
Click the “Exchange now” button to generate your order. You’ll be redirected to a secure order page containing all critical details.
Completing the Exchange Process
Once you're on the order page, here’s what you’ll see:
- Order ID
- Time remaining (10 min for fixed, 30 min for float)
- Order type (fixed or float)
- Creation timestamp
- Deposit address (where to send your coins)
All that remains is to send the specified amount of cryptocurrency to the provided deposit address. You can copy it manually or scan the QR code using your wallet app.
⚠️ Critical Reminder: Only send the exact cryptocurrency and on the correct blockchain network. Sending unsupported tokens or using wrong networks may result in permanent loss of funds.
After broadcasting your transaction:
- The order page updates with real-time data including TxID, confirmation count, amount received, and network fee paid.
- A “View on blockchain” link allows tracking via public explorers.
When the required number of confirmations is reached (e.g., 1 for BTC under float rate), FixedFloat automatically sends the converted funds to your receiving address.
In Bob’s case, once his 0.0015 BTC received one network confirmation, the system executed the swap and sent the corresponding ETH to his wallet. The completed transaction details were instantly reflected on his order page.
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Frequently Asked Questions (FAQ)
Q: Do I need to create an account to use FixedFloat?
A: No. You can complete exchanges without registration. However, logging in allows you to view your order history and manage preferences.
Q: What happens if my transaction doesn’t confirm in time?
A: If your transaction arrives after the time limit (10 or 30 minutes), you’ll be given the option to proceed at the current market rate or request a refund (minus network fees).
Q: Can I cancel my order?
A: Orders cannot be canceled once created. However, if no funds are sent, the order expires automatically after the time limit.
Q: Why didn’t I receive my coins after sending?
A: Delays usually stem from insufficient network fees or incorrect blockchain usage. Always verify that your transaction has enough confirmations and matches the expected currency and network.
Q: Are there daily limits on exchanges?
A: Yes. Minimum and maximum limits are displayed during order creation and vary by currency pair due to liquidity and security policies.
Q: Is FixedFloat safe to use?
A: Yes. As a non-custodial service, FixedFloat doesn’t hold user funds. Transactions are automated and transparently tracked on-chain.
Final Thoughts
Exchanging cryptocurrencies on FixedFloat is a straightforward, secure, and efficient process—ideal for both beginners and experienced users seeking quick swaps without KYC hurdles. With transparent fee structures, real-time tracking, and robust automation running 24/7, FixedFloat delivers reliability in every transaction.
Whether you're converting small amounts for daily use or managing portfolio diversification across blockchains, understanding how fixed and float rates work—and preparing adequately for network conditions—can enhance your overall experience.
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