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FixedFloat Overview
FixedFloat is an automated cryptocurrency exchange that was founded around 2018. It specializes in fast, fixed-rate crypto swaps with no KYC for standard amounts. The platform supports approximately 30+ major cryptocurrencies and is known for its clean, minimal interface and emphasis on rate certainty.
FixedFloat built its reputation on being a reliable no-KYC swap service for major crypto pairs. However, the platform suffered significant security incidents in 2024 that eroded trust among some users, leading many to seek FixedFloat alternatives with stronger security records.
Security Track Record
FixedFloat experienced multiple security incidents including a significant hack in early 2024 that resulted in the loss of user funds. While the platform subsequently improved its security measures, these incidents have made security-conscious users consider alternatives.
SwiftSwap's non-custodial architecture significantly reduces the impact of potential security incidents. Because SwiftSwap never holds user funds in accounts, the maximum exposure in any security incident is limited to the operational hot wallet balance used for active swaps — not a database of user funds. SwiftSwap has maintained a clean security record since its 2021 launch.
Security consideration: The safest swap platform architecturally is one that holds user funds for the shortest possible time. SwiftSwap's automated processing and 4-minute average completion means your funds are in transit for less than 5 minutes from confirmation to delivery.
SwiftSwap vs FixedFloat: Full Comparison
| Feature | SwiftSwap | FixedFloat |
|---|---|---|
| KYC Required | None | None |
| Average Speed | 4 minutes | 5–25 minutes |
| Fixed Rate Fee | 1.5% | 1–2% |
| Floating Rate Fee | 1.0% | 0.5–1% |
| Coins Supported | 300+ | 30+ |
| Security Incidents | None (since 2021) | Yes (2024) |
| Privacy Coins | XMR, ZEC | Limited |
| Developer API | Yes | Yes |
| Founded | 2021 | ~2018 |
Fees Comparison
FixedFloat's floating rate fee (0.5–1%) is slightly competitive with SwiftSwap's 1% standard fee on some pairs. However, FixedFloat's fixed-rate fee (1–2%) is less consistent and can exceed SwiftSwap's 1.5% fixed rate on certain pairs. Additionally, FixedFloat's limited coin selection (30+ vs SwiftSwap's 300+) means many users who need FixedFloat's fixed-rate certainty will find better options with SwiftSwap for non-major pairs.
Coin Support Comparison
This is perhaps the most significant difference. FixedFloat supports approximately 30 major cryptocurrencies — the established names like BTC, ETH, USDT, LTC, XMR, and a handful of others. SwiftSwap supports 300+ assets including all major Layer 1s, dozens of DeFi tokens, multiple stablecoin networks, and privacy coins.
If you need to swap a coin beyond the top 30 and want no-KYC service, FixedFloat cannot help you. SwiftSwap's broader selection covers the vast majority of use cases.
Verdict: SwiftSwap Is the Better FixedFloat Alternative
SwiftSwap wins on virtually every dimension: faster speeds, more supported coins, better security record, and equivalent or lower fixed-rate fees. The only area where FixedFloat is marginally competitive is floating-rate fees for major pairs, where it can be 0.5% cheaper.
For users who experienced FixedFloat's 2024 security incident or who are simply looking for a more reliable, faster, and feature-complete alternative, SwiftSwap is the clear choice.
Frequently Asked Questions
What happened to FixedFloat in 2024?
FixedFloat suffered security breaches in 2024 that resulted in unauthorized withdrawals from its operational hot wallets. The platform subsequently upgraded its security infrastructure. Some users who had funds in active swaps during the incidents experienced delays, though the platform ultimately resolved most cases.
Is SwiftSwap safer than FixedFloat?
SwiftSwap's faster processing time means your funds are exposed for less time during transit. Additionally, SwiftSwap has maintained a clean security record since launch. Both are non-custodial, but SwiftSwap's 4-minute average vs FixedFloat's 5–25 minute average means significantly less time in the swap pipeline.
Does FixedFloat support more coins than SwiftSwap?
No. FixedFloat supports approximately 30 coins. SwiftSwap supports 300+. SwiftSwap has a significantly broader coin selection.
Are FixedFloat's fees lower than SwiftSwap?
For floating-rate swaps of major pairs, FixedFloat can be 0.5% cheaper. For fixed-rate swaps, fees are comparable. The effective difference on a $1,000 swap is $0–$5. Most users find SwiftSwap's speed and security advantage worth the negligible fee difference.
What's the best FixedFloat alternative for BTC to XMR?
SwiftSwap is the best FixedFloat alternative for BTC to XMR specifically — it's faster (4m 44s median), supports fixed rates, and has a clean security record. See our Monero swap guide for details.
The Secure FixedFloat Alternative
SwiftSwap: clean security record, 300+ coins, 4-minute swaps, no KYC.
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