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FixedFloat
Instant exchanger· founded 2018

What Is FixedFloat? How the Instant Crypto Exchange Works

FixedFloat is an instant cryptocurrency exchange at ff.io that swaps one coin for another without requiring an account. You create an order, send coins to a one-time deposit address and receive the other asset at an address you choose 12. It is operated by FFGX Group LLC, a company registered in Kutaisi, Georgia 1, and launched in 2018 2. Its name comes from its two pricing modes: a fixed rate locked when you create the order, or a float rate set after your deposit confirms. Its terms bar US citizens and residents from using the service 1.

Facts checked 6 cited sources No score on this page, no affiliate links

At a glance

What it is
Instant crypto-to-crypto exchange (swap service) 1
Operator
FFGX Group LLC, Georgia 1
Launched
2018 2
Account required
No; optional account and email notifications 12
Fees
Fixed rate 1% + network fee; float rate 0.5% + network fee 2
Custody
Holds no user balances; coins pass through its addresses during a swap 1
Restricted users
US citizens and residents; people in Georgia, India and UN-sanctioned countries 1
Known incidents
Two hot-wallet thefts in 2024 (~$26.1M in Feb; ≥$2.8M in Apr) 46
Support
24/7 live chat, Telegram @FixedFloatBot, email 12
Official site
ff.io
Profile updated
October 23, 2026

How a FixedFloat exchange works

Each swap is an order. You pick the pair (for example BTC to XMR), the amount, the rate type and your receiving address. FixedFloat generates a deposit address, sometimes with a memo or destination tag, for that order only 1. After your deposit gets enough network confirmations, the service sends the output coin to your address automatically.

The rules in the Terms matter because orders are processed by software, and mistakes fall outside automatic processing 1:

  • Send one transaction, in the exact coin and network selected. A second payment, a different network or a payment through a third-party smart contract breaks the rules.
  • Fixed-rate orders expire after 10 minutes and float-rate orders after 30 minutes if no deposit arrives. Funds arriving within 24 hours can still be processed or refunded; after 24 hours you must contact support for manual handling.
  • The minimum and maximum amounts depend on the pair and are shown in the "Send" and "Receive" fields. Amounts above the maximum are partly refunded.
  • FixedFloat is not responsible for a wrong receiving address. Adding an email to the order gives you a status link and a way to request changes 1.

The supported list covers Bitcoin (including Lightning), Ethereum and several Ethereum layer 2 networks, Monero, Solana, Tron, TON, XRP, Litecoin and stablecoins on multiple chains 3.

Fees: fixed vs float

FixedFloat charges a service fee that is built into the displayed exchange rate, along with the network costs of consolidating and sending your coins 1:

Rate type Service fee What you get
Fixed 1% + network fee 2 The exact amount shown at order creation, if you pay the exact amount within 10 minutes and the market moves less than 1.2% before your transaction appears 1
Float 0.5% + network fee 2 An approximate amount; the final rate is set within 10 minutes after confirmations, so you can receive more or less 1

The fixed rate costs more because FixedFloat carries the price risk. If a fixed order misses its conditions, you choose between continuing at the new market rate or taking a refund minus the network fee 1. You also pay your own wallet's network fee to send the deposit. Prices can change without notice 1, so compare the final "you receive" amount rather than the headline percentage.

Accounts, KYC and AML checks

No registration or personal data is needed for an ordinary swap 2. That is not a guarantee of no checks. Under the Terms' AML procedure, FixedFloat screens incoming transactions and may suspend an order if the funds appear linked to crime, sanctioned addresses or services that openly ignore AML rules 1. You then have to explain the origin of the funds by email to [email protected] from the address on the order. If you refuse, or the information ties the funds to crime, FixedFloat says it may freeze them for return to victims with law-enforcement help 1. It may also run KYC and source-of-funds checks on users who abuse refunds 1.

Who cannot use it: the Terms prohibit use by US citizens and residents, by anyone located in Georgia or India, and by people in countries on UN sanctions lists 1. FixedFloat says it follows UN, EU and US sanctions regimes.

Security, custody and incidents

FixedFloat calls itself non-custodial because it keeps no deposit accounts or balances 1. During a swap, however, your coins sit in addresses FixedFloat controls until it sends the output. You depend on the service to complete the order, and that exposure lasts minutes in normal conditions and longer if an order is suspended or breaks the rules.

The service had two hot-wallet thefts in 2024. In February about 409 BTC and 1,728 ETH, roughly $26.1 million, left its wallets; FixedFloat put the site into maintenance and first described "minor technical problems" 4. Analysts at Halborn judged it most likely a private-key compromise, not a smart-contract bug, and noted the company did not publish a detailed account 5. On April 1 a second attack took at least $2.8 million from an Ethereum hot wallet; FixedFloat blamed a third-party provider and said user funds were not affected 6.

Getting help and refunds

Support is available through 24/7 live chat on the site, the Telegram bot @FixedFloatBot and [email protected] 12. Keep the order link or ID: if you lose it, support needs the pair, your deposit transaction and your receiving address to find the order 1. Expired orders can be refunded minus the network fee once you give a return address 2. Use only these official channels; anyone asking for your seed phrase or a "verification payment" is not FixedFloat support.

Incident record

2 outcome unclear

Unauthorized withdrawals from FixedFloat wallets

Feb 16–18, 2024outcome unclear
service paused
Outcome
Company loss; no public report of user losses found; details undisclosed
Loss
~$26.1M (409 BTC + 1,728 ETH, on-chain estimate)
Recovered or reimbursed
No recovery or public post-mortem found
Source: theblock.co

Ethereum hot wallet drained via third-party provider vulnerability

Apr 1, 2024outcome unclear
Outcome
Company loss per its statement
Loss
≥$2.8M (Cyvers estimate)
Recovered or reimbursed
Company said user funds unaffected; no recovery reported
Source: forklog.com

Hacks in DefiLlama’s public database are also scored as the security record on the FixedFloat rating page.

Questions about FixedFloat

Does FixedFloat require KYC?
Not for a normal swap 2. FixedFloat can suspend an order and request proof of the funds' origin if its screening links them to crime or sanctions 1.
Can US residents use FixedFloat?
No. Its Terms prohibit use by US citizens and residents, regardless of where they are 1.
What are FixedFloat's fees?
1% plus network fee for fixed-rate orders and 0.5% plus network fee for float-rate orders, built into the quoted rate 12.
Has FixedFloat been hacked?
Yes, twice in 2024: about $26.1 million in February and at least $2.8 million in April, according to on-chain analysts 46. FixedFloat said user funds were not affected in the April incident 6.
Who owns FixedFloat?
The Terms name FFGX Group LLC, a company registered in Kutaisi, Georgia, as the operator 1. The beneficial owners are not disclosed on the pages checked.

FixedFloat elsewhere on CoinPulse

Sources

  1. 1[FixedFloat Terms of Service (updated Oct 2, 2026)]()ff.io
  2. 2[FixedFloat FAQ]()ff.io
  3. 3[About FixedFloat (supported currencies)]()ff.io
  4. 4[FixedFloat appears to have been exploited for $26.1 million — The Block (Feb 18, 2024)]()theblock.co
  5. 5[Explained: The FixedFloat Hack (February 2024) — Halborn]()halborn.com
  6. 6[FixedFloat suffers $2.8 million loss in second hack of the year — ForkLog (Apr 3, 2024)]()forklog.com

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What changed on this page

  • 2026-10-23Profile created.
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