FixedFloat.com is a cryptocurrency exchange platform that allows users to swap one cryptocurrency for another at a fixed rate. This fixed rate is guaranteed for a limited time, which is usually around 30 minutes. This means that users can make a trade without having to worry about price fluctuations that may occur during the transaction.
Here is a step-by-step explanation of how FixedFloat.com works:
- Choose your cryptocurrencies: First, you need to choose the cryptocurrency that you want to exchange and the cryptocurrency that you want to receive.
- Enter the amount: After choosing the cryptocurrencies, you need to enter the amount that you want to exchange. The exchange rate and the estimated amount of the cryptocurrency that you will receive will be displayed on the screen.
- Enter your receiving address: Next, you need to enter the receiving address where you want to receive the new cryptocurrency. Make sure to double-check the address to avoid any mistakes.
- Confirm the transaction: Once you have entered all the necessary information, you need to confirm the transaction. After confirming, the fixed rate will be locked for the next 30 minutes.
- Send the cryptocurrency: You will then need to send the cryptocurrency that you want to exchange to FixedFloat.com. The platform will provide you with the address where you need to send the cryptocurrency.
- Receive the new cryptocurrency: Once FixedFloat.com receives your cryptocurrency, it will send the new cryptocurrency to your receiving address.
The crypto route in FixedFloat.com involves using blockchain technology to secure the transactions. When you initiate a trade on FixedFloat.com, the platform creates a unique transaction on the blockchain that includes the details of the trade. This transaction is then broadcast to the network of nodes (computers) that make up the blockchain.
The nodes in the network verify the transaction and add it to the blockchain. This ensures that the transaction is secure, transparent, and irreversible. Once the transaction is confirmed, FixedFloat.com sends the new cryptocurrency to your receiving address, and the trade is complete.
Overall, FixedFloat.com provides a simple, secure, and fast way to exchange cryptocurrencies at a fixed rate. Its use of blockchain technology ensures that the transactions are secure and transparent, while the fixed rate guarantees that users can make trades without worrying about price fluctuations.