Fixed or floating rate, which one suits your swap
One locks the amount, the other follows the market until your deposit confirms. When each one comes out ahead.
Every swap starts with a choice between two kinds of rate. On screen they look almost the same. Under the hood they handle risk in opposite ways.
Floating rate
A floating rate is an estimate. What you receive is worked out when your deposit confirms on the blockchain, using the market at that moment. If the price moves your way while you wait, you get more. If it moves against you, you get less.
Floating usually shows the better number, because it does not have to price in the chance of the market moving.
Fixed rate
A fixed rate locks the amount you see, as long as your deposit arrives inside a time window, often 10 to 20 minutes. The market risk is ours, so the rate carries a small premium.
Which one to pick
- Go floating when the market is calm and the coin you send confirms quickly, like Tron, Solana or Litecoin.
- Go fixed when the market is swinging hard, when you need an exact amount on the other side, or when certainty matters more than the last fraction of a percent.
- Careful with fixed on slow chains. Bitcoin blocks can take a long time when fees spike. If your deposit is not seen inside the window, the fixed rate can lapse.
How SwapAnonymously shows it
Switch between Floating and Fixed at the top of the swap box. The box then shows what lands in your wallet after every fee, and how far that sits from the open market price. Comparing both takes a few seconds. Moving $100,000 or more? The private desk can agree a price with you before you send.
Quick answers
Is fixed always more expensive?
Usually a little, because we carry the price risk for you during the window. In a market that is dropping fast it can still end up better than floating.
What if I send late on a fixed rate?
If the deposit lands after the window, the swap is recalculated at the current rate or refunded. Send right after you create the swap.
Ready to swap? See the live rate. No account needed.
