FixedFloat Review
FixedFloat has run since 2018 as an instant swap service that needs no account and supports Lightning.
Our score 8.0 of 10
Number 5 of the 6 swap services we review. Strongest criterion: Anonymity, 10 of 10.
Readers: 5.0 of 5 from 1 review
Compare FixedFloat with another swap service
By our score. Each opens that review.
Choose FixedFloat if
In our view, it suits people who swap major coins and want a clear fee: 0.5% on a floating rate or 1% on a fixed rate, with the network fee built into the quote.
Where it fits
In our view, FixedFloat is one of the better-value ways to swap major coins without an account: a published fee of 0.5% or 1%, Lightning support, and the lowest built-in cost of six services in our latest rate snapshot.
Where it falls short
It is crypto only, and its record includes two attacks in 2024 that FixedFloat confirmed.
Its terms exclude US citizens and residents.
Inside FixedFloat
What you can do on FixedFloat
Yes, no or partly, from our dataSwapping 2 of 4
- No account for a swapYes
- Fixed rateYes
- Buy with a cardNo
- Bank transferNo
Privacy 3 of 5
- Monero (XMR)Yes
- Zcash (ZEC)Yes
- LightningYes
- Tor addressNo
- I2P addressNo
What we like and what we don't
FixedFloat is an instant swap service that launched in 2018 and is operated by FFGX Group LLC. It charges 0.5% on floating and 1% on fixed rates, built into the quote, supports Bitcoin's Lightning Network and handles crypto only.
What we like
- Published fee: 0.5% floating, 1% fixed, network fee included in the quote
- Lowest built-in cost of six services in our latest rate snapshot
- No account and no ID needed for a standard swap
- Bitcoin Lightning Network support
What we don't like
- Crypto only: no card or bank purchases
- Hack and theft of funds in 2024, confirmed by FixedFloat
- Orders can be suspended for source-of-funds and identity checks
- No official mobile app that we could find
8.0 of 10 across seven criteria
Our view of FixedFloat on each criterion, with the score our editors set and the data behind it. How we rate.
Anonymity10 of 10 on our scale from 1 (weak) to 10 (strong). Our editors set every score; the method is on How we rate.
- No registration required
- Orders can be held for KYC and source-of-funds checks
- Data it collectsCollects device data (cookies, tags and pixels, log files incl. IP address); e-mail if the user provides it
- Privacy policyCollects device data, cookies and log files with IP address
Show all 4 details+2 moreShow fewer
User interface8.4 of 10 on our scale from 1 (weak) to 10 (strong). Our editors set every score; the method is on How we rate.
Refund policy8 of 10 on our scale from 1 (weak) to 10 (strong). Our editors set every score; the method is on How we rate.
- Own technical failureSolution within 24 hours
- Over limit or supported wrong networkWithin 7 days of the request
- Unsupported network or coinWithin 30 days, only above 20 USD, recovery commission
- Fixed rate missedRefund minus network commission or continue at the new rate
- DiscretionSupport may refuse suspension or refund requests without reasons
Show all 5 details+3 moreShow fewer
Transaction speed9.2 of 10 on our scale from 1 (weak) to 10 (strong). Our editors set every score; the method is on How we rate.
Customer service7.8 of 10 on our scale from 1 (weak) to 10 (strong). Our editors set every score; the method is on How we rate.
Features4.5 of 10 on our scale from 1 (weak) to 10 (strong). Our editors set every score; the method is on How we rate.
- Ways to payCrypto
Fees7 of 10 on our scale from 1 (weak) to 10 (strong). Our editors set every score; the method is on How we rate.
- RatesFee of 0.5% floating or 1% fixed, network fee included in the rate
What a swap costs
| What | FixedFloat |
|---|---|
| Fee | 0.5 to 1% |
Limits
Minimums, maximums and card purchases- Min and max per pair shown on the main page
- BTC to ETH at a floating rate: 0.0001291200 BTC to 1.1907057600 BTC
- USDT (TRC20) to BTC at a floating rate: 12.9568268995 USDTTRC to 146901.5700000000 USDTTRC
Show all 3 details+1 moreShow fewer
When FixedFloat asks for ID
Checks can follow
- Funds clearly related to criminal activity: order suspended, source of funds requested by e-mail
- Funds linked to sanctioned addresses or laundering services: suspension and freeze
- Abuse of the refund rules: KYC and source-of-funds checks
- Exception: identity verification when the source of funds cannot be shown
If a swap is held for a check
Held until ID
Who stands behind FixedFloat
Operator, custody and track record- OperatorFFGX Group LLC, Georgia
- Founded2018
- CustodyNon-custodial (no balances); funds pass through FixedFloat hot wallets, see incidents
- SecurityNon-custodial, no balances
Checked October 22, 2026
Not open to US residents
Where else FixedFloat works
Where FixedFloat does not open accounts
4 countries, regions and US states- Georgialocated in or accessing from
Indialocated in or accessing from
United Statescitizens and residents- countries on the United Nations Sanctions List
Checked October 22, 2026
Full review
Our FixedFloat review
FixedFloat is an instant swap service that has run since 2018 and needs no account and no ID for a standard swap. In our view, it suits people who swap major coins and want a clear fee: 0.5% on a floating rate or 1% on a fixed rate, with the network fee built into the quote. Its floating rate came out lowest of six services in our latest rate snapshot.
It is crypto only, with no card or bank purchases.
How FixedFloat works
You choose the coins, enter an amount and your receiving address, then send the deposit to the address FixedFloat creates. Its terms say FixedFloat does not keep your funds in deposits or balances, but your coins still pass through its own wallets during the swap.
With a fixed rate, the quote is locked in for 10 minutes, and your transaction must appear on the network within that timeframe. If the market fluctuates more than 1.2% before that happens, you can opt for a refund or accept the new market rate. A floating rate is determined after your deposit confirmation, and an order without a deposit expires after 30 minutes.
Fees and our rate snapshot
According to FixedFloat's FAQ, its fee is 0.5% plus the network fee on a floating rate, and 1% plus the network fee on a fixed rate. The terms state that these fees, including those FixedFloat incurs when sending your coins, are already included in the rate displayed when you create the order.
Our latest rate snapshot showed FixedFloat's floating rate for 0.1 BTC to ETH was 0.584% below the mid-market rate, while its fixed rate was 1.084%. For the same pair, ChangeNOW quoted 1.203% and SideShift 1.889% below the mid-market rate. These quotes come from public rate lists and price endpoints, and include network fees as far as each endpoint shows them.
Across the three pairs in that snapshot, FixedFloat's floating rate ranged between 0.481% and 0.587% below the mid-market rate. In our opinion, this positions it as one of the more cost-effective methods to swap major coins without an account, provided you don't need to pay by card.
Limits and Lightning
Minimum and maximum amounts vary depending on the pair and are shown in the order form. When we checked the BTC to ETH pair, the minimum was 0.00012912 BTC, approximately $10.52, and the maximum was 1.19070576 BTC, about $97,042.
FixedFloat lists Bitcoin on the Lightning Network as a distinct currency, allowing you to send or receive BTC through Lightning rather than on-chain. In our view, that suits small, frequent BTC moves.
KYC and privacy
Routine KYC is not conducted. FixedFloat's terms permit it to suspend an order and inquire about the source of funds if they appear linked to crime, sanctioned addresses, or laundering services, or if its refund rules are misused. If you cannot verify the source of funds, identity verification may be requested, and refunds are issued only after verification and only to the sending address. If information is refused or false and also confirms a link to criminal activity, FixedFloat may freeze the funds so they can be returned to victims with the help of law enforcement. Otherwise, refunds follow identity verification and go only to the sending address.
According to FixedFloat's privacy policy, it gathers device data including cookies, tags, pixels, and log files, which include your IP address.
Where FixedFloat is available
FixedFloat's terms prohibit use by citizens and residents of the United States, by anyone located in or accessing the service from Georgia or India, and by individuals in countries on the United Nations sanctions list. The US ban applies in every state. If you reside in the US, consider starting with Coinbase, an exchange that serves every US state (see our Coinbase review), or explore our list of exchanges for US customers.
Security and track record
FixedFloat confirmed a hack and theft of funds in February 2024, and reported the same attackers struck again on April 1, 2024. It has kept operating since, and IOSCO's warning database showed no alerts about it.
The company behind FixedFloat is FFGX Group LLC, organized under the laws of Georgia. We found no FixedFloat entry in the National Bank of Georgia's register of virtual asset service providers or in Europe's register of authorized crypto-asset service providers. FixedFloat does not publish a proof of reserves; as it holds no customer balances, in our view that is not a gap.
Refunds
FixedFloat's terms specify that any failure on its part is resolved within 24 hours. Deposits that exceed the limit or are sent on a supported but incorrect network are refunded within 7 days of your request, returning only to the sending address. For coins sent on a network FixedFloat does not support, it takes up to 30 days, only if above $20 and subject to a processing fee. Support may decline a request without providing reasons.
Who should use something else
We could not find an official mobile app for FixedFloat. If you want an app or to buy crypto with a card, ChangeNOW offers card purchases through partners and apps for iOS and Android, though its quotes cost more in our latest rate snapshot; see our ChangeNOW review. Changelly publishes a 0.25% floating-rate fee and accepts bank transfers for fiat purchases; see our Changelly review.
Swap services to compare with FixedFloat
The other 5 swap services we review, by our score.
ChangeNOW 1,000 coins Fee built into the rate US: with conditions 
Changelly 1,000 coins Fee: 0.25% Not for US users 
SimpleSwap 2,800 coins Fee: from 0.2% Not for US users Pick by what matters
From our scores and dataHighest score
ChangeNOWOpen to US users
ChangeNOWWhat readers say about FixedFloat
5.0of 5
from 1 reader review
1 review
So far this FF / FixedFloat is the best exchange for larger transactions, their liquidity is steep. Had several 6 figure swaps without any issues
Community
Discussions about FixedFloat on Reddit (opens in a new tab) (r/FixedFloat)
Short answers about FixedFloat
From the review above.
Is FixedFloat legit?
FixedFloat launched in 2018 and is operated by FFGX Group LLC. IOSCO's warning database showed no alerts about it. Its record includes the two 2024 attacks it confirmed, and we found no license for it. In our view, it is a reasonable choice for swaps between major coins where its terms allow it.
Does FixedFloat require KYC?
Not by default. FixedFloat can suspend an order and request the source of funds or identity verification when funds look linked to crime, sanctions, or laundering services, or if its refund rules are abused.
What are FixedFloat's fees?
FixedFloat applies a fee of 0.5% on a floating rate and 1% on a fixed rate, plus the network fee, all incorporated in the rate shown when you create the order.
Can you use FixedFloat in the US?
No. FixedFloat's terms prohibit use by US citizens and residents in every state. US residents can use ChangeNOW with an account and KYC in the states its terms name, and Coinbase serves every US state.
FixedFloat or ChangeNOW?
In our view, FixedFloat is the better pick for low built-in costs on major pairs if you only swap crypto, and ChangeNOW if you want card purchases or an app. In our latest rate snapshot, ChangeNOW's quotes cost more on every pair. Both are compared in our instant swap overview.
Who checked this review
Sources, how we rate and our process
Sources
- ff.io, for Tor, I2P and JavaScript and Lightning, checked October 22, 2026
- ff.io/faq, for rate types, checked October 5, 2026
- ff.io/faq, for fees, checked October 23, 2026
- ff.io/privacy-policy, for data collected, checked October 22, 2026
- ff.io/rates/float.xml, for privacy coins, checked October 23, 2026
- ff.io/terms-of-service, for ID rules, checked October 1, 2026
- ff.io/terms-of-service, for custody and refund policy, checked October 5, 2026
- ff.io/terms-of-service, for account rule, custody, countries it does not serve, held swaps, ID rules, limits and operator, checked October 22, 2026
How we rate
We score every swap service from 1 to 10 on seven criteria: anonymity, user interface, refund policy, transaction speed, customer service, features and fees. The overall score is our editorial judgment of the service as a whole; it draws on the seven scores but is not their average. How we rate
Our process
We take fees, availability, licenses and coin counts from primary sources: FixedFloat's own fee schedules, terms and help pages, and the public registers kept by regulators. Every value carries the date we last checked it. The values on this page were checked between October 1, 2026 and October 23, 2026. Ethan Parker, Senior Content Editor, checked this page; updated October 22, 2026.