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FixedFloat Review: The First Bitcoin Lightning Network Compatible Digital Asset Exchange

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Despite being one of the youngest cryptocurrency exchanges available, FixedFloat has already established itself as a market beater, gaining massive attention and popularity from the crypto community. The platform’s cheap fees, simplified and intuitive interface, and instant transactions have seen the platform rise as one of the talents starring in the crypto universe.

Below we highlight FixedFloat history, pros, cons, unique features, team members and licenses acquired – a key factor for users joining crypto trading.

Overview 

The crypto market is on a boom having broken the $2 trillion mark in total market capitalization as Bitcoin (BTC) set new all-time highs at $69,000, earlier in April. As such, the crypto universe has witnessed a surging growth in the number of retail and institutional investors

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Launched in 2018, FixedFloat is the brainchild of top crypto enthusiasts from the fields of finance, web development, and venture capitalism sectors aiming to create a user-friendly, fast, and zero-fee instant exchanger for the crypto community. It is the first crypto exchange in the world to support deposits and withdrawals using Bitcoin’s layer-2 solution, Lightning Network.

Currencies supported

The exchange currently has a total of 25 cryptocurrencies with the list of assets updated regularly.

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether (USDT) ERC20/ TRC20
  • Litecoin (LTC)
  • Basic Attention Token (BAT)
  • Bitcoin Cash (BCH)
  • Chainlink (LINK)
  • Tron (TRX)
  • BitTorrent (BTT)
  • Binance Coin (BNB)
  • Dash (DASH)
  • Bitcoin Lightning
  • Monero (XMR)
  • 0x (ZRX)
  • Dogecoin (DOGE)
  • Ethereum Classic (ETC)
  • Cardano (ADA)
  • Ripple (XRP)
  • Maker (MKR)
  • Paxos Standard (PAX)
  • Stellar Lumens (XLM)
  • True USD (TUSD)
  • Circle USD (USDC)
  • Zcash (ZEC)

Features of FixedFloat

The platform offers unique functionalities and features that aim to catapult the exchanger into one of the best in the world. Here are some of the features.

  • Simple interface: The goal of the exchange is to make it simple for cryptocurrency investors and traders to buy, sell and trade digital assets through its transparent and fully automated platform.
  • Instant trades: All crypto exchanges on FixedFloat take place at maximum speed, with minimal fees, and in fully automatic mode.
  • Fixed and floating rates: The exchange offers two types of orders – Fixed and Float orders – giving the user options on what the execution price will be.
  • High Privacy: The exchange does not collect, keep or sell the personal data of their customers.
  • Security: The platform employs 2-factor authentication to secure users’ assets.
  • Full-time technical support: FixedFloat customers have access to the technical support team at any time, any day of the week.
  • Lightning Network: The exchange is the first-of-a-kind to offer Bitcoin’s layer 2 solution, Lightning Network, to enhance speed and reduce the cost of transactions.

Pros of FixedFloat 

    • Instant transaction confirmations: FixedFloat boasts as one of the fastest exchanges in the crypto market. The exchange only requires a set number of blockchain confirmations, after which, the user can start trading immediately.
    • Low trading fees: To give everyone an opportunity to trade, FixedFloat has some of the lowest fees in the industry. They provide zero-fee deposits and in-platform crypto transfers.
    • Best exchange rates: Low fees play a huge factor in ensuring FixedFloat offers the best exchange rates available in the market.
    • Simple and interactive user-friendly interface
  • Self custody platform: On FixedFloat there is no possibility of storing and in-platform crypto transfers since FixedFloat is an instant cryptocurrency exchange service. The platform offers exchange order books for users to create orders, the amount to be exchanged, and the address where the funds will be sent once exchanged.
  • No KYC: In line with the crypto motto of decentralization, FixedFloat does not require registration or submitting KYC documents. However, users can create an account and see past exchanges in their profiles.
  • Trade with small amounts: The exchange also allows micro-trading of cryptocurrencies from as low as $1.
  • Responsive technical support team: Users with troubles or questions can contact the support by Live chat, Telegram, Email, or Twitter at any time of the day.
  • No extra charges: The amount shown on the users’ screens when placing an order is the final execution price of a trade. In addition to the service fees, this amount also includes the network fees for sending a transaction and for consolidating the received transaction.

Cons of FixedFloat

As an exchanger, FixedFloat offers users a direct exchange between two cryptocurrencies – different from the custodial exchanges that require the user to open an account, register, credit a deposit, create an exchange order, and then withdraw funds from the exchange. Despite its advantages, FixedFloat users face some challenges including:

  • A fixed rate of 1.2%: When choosing a fixed rate and changing the market exchange rate by 1.2% before the transaction appears in the mempool (not to be confused with the confirmation of the transaction), the user will be prompted to make an exchange at the current market rate or make a refund.
  • No fiat trading: Despite the wonderful features, one key miss of FixedFloat exchange is a lack of fiat onramps.
  • New and improving: The exchanger is still relatively young compared to other exchangers around. However, with a well-experienced technical team controlling developments and updates, it’s only a matter of time before FixedFloat reaches global adoption.

Fees, Deposits, and Withdrawals

FixedFloat offers a unique fee structure model in each type of order – Fixed and Float trading fees.

Fixed fees

1% + Network fees.

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In the fixed order, the price rate is fixed for 10 minutes and the user is charged 1% of the amount for this. This helps the customers receive the exact amount they indicated on the order.

Float fees

0.5% + Network fees

In this order, the exchange charges 0.5% but the final rate will be fixed at the time of receipt of the required number of confirmations. The amount received could be even more than that which was displayed at creation.

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FAQs 

Q: Is FixedFloat legit? 

Yes. The exchange is a fully functional digital asset service provider with high-security protocols and a customer service team available 24/7. The platform is also reviewed on Bestchange and Trustpilot.’

Q: What are FixedFloat fee rates?

The exchange offers two fee rates for its Fixed and Float orders. The fixed orders are charged 1% + Network fee while the float orders attract a 0.5% fee + Network fees.

Q: How can I track my order?

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You can track your order in 3 ways: by email (if you leave your email address), on our website (if your browser accepts cookies), or by tracking the ledger to which you transfer your funds.

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Bitcoin

Bitcoin Drops as China Declares Crypto-Businesses Illegal

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  • China declared that cryptocurrency-related businesses are illegal
  • Bitcoin, Ether, and stablecoin Tether do not qualify as legal tender in China
  • BTC drops in price as the announcement went out

Once again, China reiterated its antagonistic stance on Bitcoin and the cryptocurrency industry as a whole.

In an announcement, the People’s Bank of China (PBOC) mentioned that BTC, ETH, and USDT are not legal tenders in China. They added that these cannot be used in the currency market.

Additionally, the central bank deemed all crypto-related businesses as illegal. This includes overseas exchanges serving residents within China and derivative transactions.

Following the news, Bitcoin’s price fell by almost $2,000 as the news circulated. This has been a common pattern whenever China FUD comes out.

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Earlier, China also reiterated its stance on crypto trading and mining while testing the Digital Yuan. According to the PBOC, it will continue releasing regulatory pressure over the crypto trading industry.

Despite the negative news, many analysts remain bullish on Bitcoin and the cryptocurrency industry as a whole. According to analyst Lark Davis, this is not new and will happen again in the future.

In a tweet, Davis mentioned that “The year is 2025, #bitcoin has just corrected from 400k to 250k on China banning BTC fears.”

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Can Bitcoin Surpass $6,000,000? Ethereum and Polkadot Creator Details Possible Future of Crypto

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Early Bitcoin developer and co-founder of Ethereum and Polkadot, Gavin Andresen, is outlining a future where BTC rises to a staggering $6,000,000 per coin.

Gavin Andresen, who took over as Bitcoin’s lead maintainer from founder Satoshi Nakamoto in 2011, just published a new blog post detailing how BTC’s theoretical evolution could look.

Andresen describes a “possible” scenario where Bitcoin hits a price tag of $6,000,000 by 2061, transaction fees 326x higher than they are now, and the blockchain is used chiefly by whales.

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“Imagine: it is the year 2061. The BTC price is six million US dollars – equal to about a million 2021 dollars because of inflation.

Miners are being rewarded 0.006103515625 BTC per block, plus transaction fees of about 5 BTC for 4,000 or so transactions ($7,500 per transaction).

But most BTC transactions don’t happen on the BTC network. Most BTC is locked up in multi-signature outputs secured using multiparty computation and mirrored on another chain as ‘wrapped’ tokens.”

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In his scifi scenario, Andresen says those who do remain on Bitcoin’s network will be incentivized to keep it alive.

“The transactions that do occur on the main BTC network are high-value, mostly between super-whale-size holders…

These whales maintain the BTC network forever. They are the miners and the transaction creators; they don’t care how high transaction fees go, because they receive as many fees as they pay.”

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However, Andresen says that by 2100, even those users would likely leave the blockchain.

“In the year 2100 the whales notice that the mining reward is basically zero… Eventually, there are zero new BTC being produced on the BTC network, and zero BTC circulating on the BTC network. There is nothing left to secure, and the chain stops.”

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Top Analyst Maps Bitcoin and Cardano Price Trajectories, Warns Best Entry Point for ADA May Be Gone

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Top Analyst Maps Bitcoin and Cardano Price Trajectories, Warns Best Entry Point for ADA May Be Gone

Crypto trader Michaël van de Poppe is looking at what’s ahead for Bitcoin (BTC) and the smart contract platform Cardano (ADA).

The analyst tells his 420,000 Twitter followers that the best entry point for Cardano may be gone after the asset bounced off a key support level at $1.86.

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“If you want to get into Cardano, this was the region where you would want to get into it, and the higher low that might be created.

So based on the daily timeframe, the best entry might be gone, but you’re still getting a better entry than the ones who have been buying around $2.80.”

Van de Poppe is now looking to see if ADA can turn resistance at the $2.37 level into support.

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If the markets correct further, he is keeping an eye on the $2.15 level as a potential buy zone.

“When you’re looking at the four-hour time frame, I think you’re getting the exact same view as what you have right now on Bitcoin and [Ethereum], actually. So you’re going to look for an entry point which is around the fact of $2.15, so anything in this region might be a good entry point if we get a corrective move.”

Looking at the Bitcoin pair, van de Poppe thinks that ADA will most likely consolidate briefly after retesting support at its previous all-time high.

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“We can see that we’ve had a beautiful retest of the previous high here too, and therefore some consolidation is most likely going to take place before we’re going to have new impulse waves.

So both the USDT and BTC pair are looking for continuation, and I think that’s just great, and I think that’s just what we want to see with the markets right now.”

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