Overview

FixedFloat is an instant cryptocurrency exchange that has operated since 2018 under FFX Group Ltd, registered in the Marshall Islands. The platform emphasizes speed and simplicity, offering fully automated swaps without mandatory account creation. Users can choose between a fixed rate (1% fee plus network costs, locked for 10 minutes) or a floating rate (0.5% fee plus network costs, settled after blockchain confirmations). The service pitches itself as non-custodial and cross-platform, accessible via clearnet and Tor. Despite these convenience-focused features, FixedFloat earns a dismal 4 out of 10 overall score in our directory, dragged down by catastrophic trust and privacy ratings.

Privacy & KYC

FixedFloat advertises "no registration and no need to share your personal details," but the reality is more complicated. The platform falls under KYC Tier L3, Tiered, meaning verification kicks in above certain thresholds or under specific risk triggers. Our data flags IP logging as active, and the privacy policy explicitly collects cookies, log files, browser fingerprints, and referring pages under GDPR framing. While email is optional for order tracking, leaving one creates a persistent record.

Community sentiment reveals a disturbing pattern. Multiple users report funds frozen without clear justification, followed by demands for intrusive verification, including video recordings of themselves holding identification. One trader described this as "weird KYC" imposed retroactively. Another noted that Tor access was blocked in mid-2024 with a misleading "U.S. persons cannot make an exchange" message, contradicting the platform's anonymity branding. These practices yield a privacy score of 6/100, among the worst for any service claiming no-KYC status.

  • Tor gateway available but reportedly restricted for some users
  • IP addresses and browser data actively logged
  • Tiered KYC triggered post-deposit, not at order creation
  • Demands for video verification documented by multiple users

Supported assets & payments

FixedFloat supports an extensive roster of cryptocurrencies spanning major Layer-1s, Layer-2s, and token standards. Native coins include Bitcoin, Monero, Litecoin, Dogecoin, Dash, Zcash, Solana, Cardano, Avalanche, Tron, Toncoin, Sui, and Ripple. Ethereum ecosystem coverage is deep: ERC-20, Arbitrum, Base, Optimism, zkSync, and BEP-20 variants for USDT, USDC, ETH, and WBTC. Bitcoin Lightning Network is supported, enabling faster, lower-cost BTC transfers. The platform also handles fiat on-ramps and cash options, though specifics are sparse in available materials. This breadth makes FixedFloat technically versatile for users seeking cross-chain or privacy-coin exits, particularly XMR-to-BTC or LTC-to-XMR routes commonly cited in positive feedback.

Security & custody

FixedFloat claims a non-custodial model where exchanges execute automatically upon deposit confirmation, eliminating prolonged wallet exposure. This is technically accurate for routine swaps, yet the trust score of 4/100 reflects severe operational concerns. User reports from 2024-2025 describe funds held for months under "compliance review," with support channels erratic or unresponsive. One victim stated 0.06 BTC was frozen on allegations of criminal association; another cited 1,000 USDT blocked with fabricated claims of illegal activity. The platform provides dedicated emails for suspended orders (compliance@fixedfloat.com) and law enforcement (legal@fixedfloat.com), suggesting institutionalized fund-freezing infrastructure. While some high-volume traders report trouble-free experiences exceeding one million dollars in Monero swaps, the asymmetry, small losses for casual users, smooth sailing for heavy users, raises questions about selective enforcement. Live chat and Telegram support exist, but estimated reply times stretch to 24 hours on secondary channels.

Who it's for, verdict

FixedFloat occupies a precarious niche. For users seeking anonymous Monero exchanges or quick Lightning Network swaps with minimal friction, the platform's coin selection and no-signup workflow are genuinely appealing. The 0.5% floating rate is competitive, and fully automated settlement removes counterparty delay. However, the risk of post-hoc KYC and arbitrary fund freezing is substantiated by too many independent reports to dismiss as edge cases. Privacy-conscious traders should treat FixedFloat as conditionally no-KYC, not unconditionally anonymous. If you use it, stick to small amounts, avoid Tor if reliability matters, and never deposit funds you cannot afford to lose to compliance limbo. For high-stakes or single-large-transaction users, alternatives with cleaner trust records are strongly advisable despite potentially higher fees.