Cryptocurrency exchanges have become an essential part of the digital asset ecosystem, enabling users to convert one type of coin into another quickly and securely. FixedFloat is a non-custodial, automated exchange service that allows users to swap cryptocurrencies without registration. Whether you're new to crypto or a seasoned trader, understanding how to use FixedFloat efficiently can save time and reduce risks.
In this guide, we’ll walk you through the entire process of exchanging cryptocurrencies on FixedFloat — from creating an order to receiving your funds — while highlighting key features, fees, and best practices.
What Is FixedFloat?
FixedFloat is a decentralized cryptocurrency exchange platform that operates without holding user funds. This means it's non-custodial: once you initiate a transaction, your assets are sent directly to the recipient address after conversion, with no intermediary storage.
No account creation is required to perform an exchange. However, if you'd like to access your order history or track past transactions, logging into a user account is recommended.
The exchange process begins as soon as FixedFloat receives your deposit and the blockchain confirms it. Depending on network traffic and confirmation speed, this can take just minutes.
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Understanding Exchange Rates and Fees
FixedFloat offers two types of exchange rates: fixed and float. Each comes with its own advantages and fee structure.
Fixed Rate (1% Fee)
- You receive exactly the amount shown at the time of order creation.
- Rate is locked for 10 minutes.
- Ideal for users who want price certainty.
- If market volatility exceeds ±1.2% before confirmation, you’ll be prompted to either accept the current rate or request a refund (minus network fees).
Float Rate (0.5% Fee)
- Final rate is determined when your transaction receives blockchain confirmation.
- You may get more or less than initially estimated, depending on market movement.
- Lower service fee makes this option attractive during stable market conditions.
- Order window: 30 minutes.
Both options include a miner fee, which covers network costs for processing your incoming and outgoing transactions. These fees vary based on blockchain congestion and are not controlled by FixedFloat.
For deeper insights into transaction confirmations and miner fees, refer to FixedFloat’s educational resources on blockchain mechanics.
Step-by-Step: Creating a Crypto Exchange Order
Let’s go through a real-world example to illustrate how easy it is to use FixedFloat.
Step 1: Choose Your Currencies
Visit the FixedFloat homepage and select:
- Send: The cryptocurrency you want to exchange (e.g., Bitcoin).
- Receive: The coin you'd like to get (e.g., Ethereum).
Example: Bob wants to exchange 0.0015 BTC for ETH. He selects BTC under "Send" and ETH under "Receive".
Step 2: Select Rate Type and Enter Amount
Choose between fixed and float rate. As mentioned, float has a lower fee (0.5%) but variable output; fixed guarantees output but costs more (1%).
Enter the amount you wish to exchange. The interface will display minimum and maximum limits — make sure your amount falls within these bounds.
Bob chooses the float rate due to lower fees and enters 0.0015 BTC.
Step 3: Provide Receiving Address
Enter the wallet address where you’d like to receive the exchanged cryptocurrency. Double-check this address — any mistakes could result in irreversible loss.
You can also scan a QR code if using a mobile wallet.
Bob inputs his Ethereum wallet address and clicks “Exchange Now”.
Completing the Exchange
After clicking “Exchange Now,” you’re redirected to the order details page, which displays:
- Order ID
- Time remaining (30 min for float, 10 min for fixed)
- Order type
- Creation timestamp
- Deposit address (where to send your coins)
Now, send the specified amount of cryptocurrency to the provided deposit address. You can copy the address manually or scan the QR code.
Once the transaction appears on the blockchain and receives the required number of confirmations (e.g., 1 for BTC), the system automatically processes the exchange and sends your received coins.
Bob sends 0.0015 BTC from his wallet. The order page updates in real-time with TxID, confirmations, and network fee details. After one confirmation, ETH is sent to his wallet.
You can track transaction status via built-in blockchain explorer links.
Important Tips for a Smooth Transaction
To avoid delays or failed exchanges:
- Always send the correct cryptocurrency on the correct network. Sending ERC-20 tokens to a BTC address will result in permanent loss.
- Pay sufficient network fees to ensure timely confirmation. Low fees may delay processing during peak times.
- Never send funds before the order is created — always use the unique deposit address generated per transaction.
- Be aware of time limits. Late deposits may require manual intervention or refund processing.
Frequently Asked Questions (FAQ)
Q: Do I need to register to use FixedFloat?
A: No. You can exchange cryptocurrencies instantly without creating an account. However, logging in allows access to order history and tracking.
Q: Are my funds safe on FixedFloat?
A: Yes. FixedFloat is non-custodial — it never stores your coins. Transactions are processed automatically upon blockchain confirmation.
Q: What happens if my transaction isn’t confirmed quickly?
A: Slow confirmations are usually due to low miner fees. While FixedFloat doesn’t control blockchain speed, ensuring adequate fees helps avoid delays.
Q: Can I cancel an order after sending funds?
A: Once the transaction is broadcasted to the blockchain, it cannot be canceled. However, if the order expires or fails, a refund option may be available (minus network costs).
Q: Why did I receive less than expected with a float rate?
A: The final amount depends on market conditions at the time of confirmation. If prices dropped between order creation and confirmation, the output will reflect that change.
Q: What blockchains and tokens does FixedFloat support?
A: FixedFloat supports major cryptocurrencies including Bitcoin, Ethereum, Litecoin, Dogecoin, Binance Coin, and many ERC-20 and BEP-20 tokens. Always verify compatibility before sending.
Why Use FixedFloat for Crypto Swaps?
FixedFloat stands out for its:
- Speed: Fully automated processing 24/7.
- Transparency: Real-time tracking, clear fee breakdowns.
- Security: No fund storage, no KYC requirements.
- Flexibility: Choice between fixed and float rates based on risk tolerance.
Whether you're converting small amounts or managing regular trades, FixedFloat offers a reliable bridge between digital assets.
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Final Thoughts
Exchanging cryptocurrencies on FixedFloat is straightforward, secure, and efficient. By understanding how fixed vs. float rates work, respecting time limits, and ensuring correct addresses and adequate fees, you can complete swaps with confidence.
Always double-check every detail before sending funds — even experienced users can make costly mistakes. With proper precautions, services like FixedFloat empower users to navigate the crypto landscape freely and independently.
👉 Start exploring smarter ways to manage your digital assets today.