In the constantly advancing universe that brings forth astonishing technological creations, blockchain networks and cryptocurrencies find a unique position. While the hi-tech globe is expanding with more blockchain platforms and crypto exchanges, the influx of crypto enthusiasts surges day by day, posing the necessity of a user-friendly crypto platform. FixedFloat, the fully automated crypto trading platform that aims at offering efficient and convenient crypto services, is the best option ever.
FixedFloat: An Overview
FixedFloat is a completely automated cryptocurrency trading platform, destined to offer the crypto community the best and easiest approach to crypto trading. Launched in 2018, the platform serves as the first and only instant crypto exchange supporting the Lightning Network. The distinct aspect that places FixedFloat at the forefront of the crypto space is its features that are feasible for both experienced and novel users.
FixedFloat’s non-custodial nature that guarantees easier entry to the platform without registration or KYC checks enhances the firm’s compliance with user convenience. The lowest and best fixed rates and floating rates provided by the platform are also noteworthy. While the fixed rates make the displayed crypto amount remain unchanged, the float rates get adapted to the crypto market fluctuations.
Advantages of FixedFloat
The merits of FixedFloat spans from the transparency and security that it assures through the variety of cryptocurrencies it offers. The platform ensures 24*7 customer service, maintaining quick, trustworthy and safer services at reasonable prices. Easier accessibility of the platform and hassle-free network confirmation are also key to the advantages of FixedFloat. Some of the major cryptocurrencies supported by the FixedFloat include Bitcoin, Ethereum and Cardano.
FixedFloat: A Brief View
| Website | https://fixedfloat.com/ |
| Native token | None |
| Number of orders completed | 1M+ |
| Number of regular customers daily | 1,000+ |
| Number of new customers daily | 5,000+ |
| Number of supported cryptocurrencies | 70+ |
| Available on mobile | Under development |
| Year founded | 2018 |
History
FixedFloat was launched in 2018 by a group of crypto enthusiasts well-versed in finance, web tech, and entrepreneurship. The key agenda of the platform is the assurance of crypto accessibility for all individuals through the power of automation and integration with the Lightning network.
While the company stands boasting 5 years of successful journey, FixedFloat holds a lot of accomplishments to narrate. Currently, with more than one million completed orders, a regular inflow of 1,000+ customers, and over 5,000 new visitors, FixedFloat remains to be one of the major players in the industry.
FixedFloat Interface
FixedFloat allows easier and convenient access to customers, without registration or other tedious procedures. Instead, the users can use the platform’s services by simply selecting the cryptocurrencies they prefer, choosing a rate type, and clicking the desired amount. In March 2023, the platform underwent a major redesign with a modern user interface, enhancing user experience. Also, in its recent innovative move to ensure its global reach, FixedFloat expanded its language support, extending to languages including Turkish, Ukrainian, Polish, Dutch, Simplified Chinese, and Italian languages.
Key Features and Functions
FixedFloat offers astounding features that promotes user-friendly services. The feature include:
- Feasible fixed and floating exchange rates
- Lower fees in the crypto market
- Transparent in fees
- No hidden charges
- An intuitive and user-oriented interface
- Hassle-free network confirmations
- No KYC requirements
- Support of multiple languages
- 24/7 customer service
Cryptocurrencies
Currently, FixedFloat supports 71 cryptocurrencies including Bitcoin (BTC), Ethereum, Cardano (ADA), Dogecoin (DOGE), Solana (SOL), Bitcoin Cash (BTC), and Cosms (ATOM). The platform’s portfolio expands over the course of time with the addition of newer cryptocurrencies at intervals.
Services
Instant Crypto Exchange
FixedFloat offers fully automated services with a streamlined process that helps in swiftly exchanging one crypto for another. No time consuming processes are involved. Instead, the user can directly handle the swapping by selecting the cryptocurrencies intended to exchange and the desired amount. The receiving address could be entered by the user by typing, pasting from the wallet, or scanning the QR code. The choice between float rate and fixed rate is yet another impressive feature of FixedFloat, making the transactions easier and budget-friendly.
FixedFloat API
The FixedFloat API is a novel service refurnished to help users to automate the process of receiving exchange rate information, creating orders, and managing transactions. The API update includes simple documentation, easy-to-use libraries for code reuse, and the option to earn profits from exchanges without participating in the affiliate program.
Affiliate Program
The affiliate program offered by FixedFloat is an opportunity for customers to earn profits through referrals, by allowing participants to register and earn 40% of the profits from exchanges made by their referred customers.
Transaction Fees
FixedFloat offers two strategies involving the fee structure: fixed rate and float rate. Each strategy holds three distinct fees: FixedFloat service fee, miner fee, and consolidation fee.
- FixedFloat fee is 1% for the fixed rate or 0.5% for the floating rate. The fixed rate remains locked for 10 minutes and the fee is 1% of the transaction amount. In floating rate, which stays until the transaction receives a blockchain confirmation, the fee is 0.5% of the transaction amount.
- Miner fee for a sent transaction covers the cost of miners processing the transaction, which includes the actions like fund transfers, smart contract functions, and token transfers.
- Consolidation fee for an accepted transaction relates to consolidating funds at a single address that helps in the reduction of fees for future transactions.
Security and Transparency
The decentralization of FixedFloat is driven by its key priority: security. The platform facilitates direct transaction of cryptocurrencies without human interruption or a third party, ensuring safety and privacy.
The platform does not store user deposits, facilitating the utmost safety of assets as the possibility of losing them through a cyber-attack is minimal. The firm also ensures the authority of users over their assets by tracking them through email, website and order links. FixedFloat’s transparency is more evident in is policy of ‘no hidden fee’.
KYC
Users of FixedFloat are not required to be compliant with the Know-Your-Customer (KYC) feature, which is one of the unique aspect of the platform, availing users an easier access to the platform. The firm values personal and confidential data of the customers. A direct access to the platform without registration unlike other crypto exchanges is one among the key features of the platform that holds it high.
Mobile Application
FixedFloat has proposals to launch a mobile application in the near future, enhancing the platform’s services and guaranteeing the customers the availability of the platform services at their fingertips.
Customer Support
The platform extends its services and support to the customers every time, offering a 24/7 customer services system. The communication is open through various channels including live chat, email, and Telegram.
Merits and Demerits
Have a look on to the merits and demerits of FixedFloat:
| Merits | Demerits |
| Customer-friendly interface | No NFT marketplace |
| No KYC requirement | Limited cryptocurrencies |
| Fast exchange processes | No support of fiat currencies |
| Reasonable exchange rates | |
| Low fees |
Final Score
| Services offered | 4 |
| Cryptocurrency support | 4 |
| Fees | 4 |
| Security | 4 |
| Review Score | 4 |
Conclusion
FixedFloat is a unique user-friendly cryptocurrency exchange developed with advanced features. The platform prioritizes user security and transparency which is evident through its non-custodial approach and lack of KYC requirement. The offering of services at minimal and flexible price makes FixedFloat the best choice for both experienced and fresh customers.
FAQs
No, FixedFloat doesn’t mandate KYC compliance, prioritizing customer privacy.
- What is the difference between fixed rates and float rates?
Fixed rates keep the displayed crypto amount unchanged, while float rates adapt to market changes.
- How many cryptocurrencies are supported on FixedFloat and what are they?
FixedFloat currently supports 71 cryptocurrencies, including Bitcoin, Ethereum, and Cardano, with more being added over time.
- Are there fees for using FixedFloat?
Yes, FixedFloat charges a minimal fees, including service fee, miner fee, and a consolidation fee.
- Is there customer support on FixedFloat?
Yes, FixedFloat provides an all-time service of customer support through various channels like live chat, Telegram, Twitter, and email.
Source: https://nulltx.com/fixedfloat-an-overall-analysis/