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Instant Swaps Since 2018 Reviewed 22 Oct 2026

FixedFloat review

Account-free instant exchange with Lightning support and fixed or floating rates

  • No account needed
  • Accepts Monero
  • Refund without ID
  • May ask for ID
  • Screens deposits
  • Holds your funds
ID on risk flag KYC 3 Documentation reviewed
Visit ff.io Report an incident Watch

Privacy

3.7/ 10

Poor

Safety

4.8/ 10

Caution

Based on terms and documentation. No test transactions published yet. See the arithmetic

FixedFloat review in short

FixedFloat is a swap service operating since 2018. Its terms put it at KYC level 3 of 4: ID on risk flag. NoKYC Score grades it 3.7/10 for privacy (poor) and 4.8/10 for safety (caution). In its favour: no account needed, no email needed and no phone number. To watch: it may ask for ID, screens deposits and holds your funds while you use it. 2 incidents are on record, the latest from 8 Jun 2026.

Category
Instant Swaps
KYC level
3 of 4: ID on risk flag
Grades
Privacy 3.7/10, Safety 4.8/10
Sign-up
No account needed
Custody
custodial
Jurisdiction
Georgia
Incidents on record
2
Last reviewed
22 Oct 2026
Cite this review

NoKYC Score, "FixedFloat review", reviewed 22 Oct 2026, https://nokycscore.com/service/fixedfloat

Also available as plain text.

What FixedFloat is

FixedFloat is an instant exchange offering fixed-rate and floating-rate swaps, including Bitcoin over Lightning. Its terms state that users do not have to register or provide personal data to make an exchange, and name the operator as FFGX Group LLC, organised under the laws of Georgia. The same terms allow the service to suspend an order where suspicious activity is detected, request clarification and carry out KYC and source-of-funds procedures, extend processing by up to two months, and refund only to the original sending address. The service was hacked for about $26 million in February 2024.

What FixedFloat offers, and what to watch

8 of 15 privacy and safety features, 4 warnings in its terms.

"Not stated" means its own pages do not say.

Identity

  • ID never required No
  • No account needed Yes Usable without creating an account, or the account is only a random number.
  • No email needed Yes An email address is not required to sign up or use it.
  • No phone number Yes A phone number is never required.

Payment

  • Accepts Monero Yes Monero hides sender, receiver and amount, so the payment cannot be traced to you.
  • Accepts Lightning Yes Bitcoin Lightning payments: fast, cheap and more private than on-chain.

Access

  • Tor onion address Not stated
  • Works without JavaScript Not stated

Trust

  • Never holds your funds No
  • Own liquidity Not stated
  • Refund without ID Yes The terms commit to refunding a stopped order without identity documents.
  • Open source No
  • Independent audit Not stated
  • Company named Yes The operating company and its jurisdiction are published.
  • 5+ years operating Yes Has operated continuously for five years or more.

Warnings

  • May ask for ID Yes The terms reserve the right to demand identity documents, often after a risk flag.
  • Screens deposits Yes Deposits are scored by blockchain analytics; a flag can freeze them.
  • Passes orders to partners Not in terms
  • Holds your funds Yes The operator controls user funds while they are on the platform.
  • Email required Not in terms
  • Phone number required Not in terms
  • Closed source Yes The code is not public, so its behaviour cannot be checked.
  • Nobody accountable Not in terms

Does FixedFloat require KYC?

  1. 0
  2. 1
  3. 2
  4. 3
  5. 4

KYC level 3: ID on risk flag. The terms allow funds to be held and identity demanded after an automated risk flag.

Terms section 7 says no registration is needed, but orders flagged as suspicious may be suspended pending KYC and source-of-funds checks.

Read the terms we assessed ↗

How the grades add up

Both grades start at 50 points and move by fixed, published amounts. Nothing is adjusted by hand. The total is divided by ten.

Privacy

3.7
  • Starting points 50
  • KYC level 3: ID on risk flag -14
  • No registration +6
  • No email needed +3
  • No phone needed +1
  • Accepts Monero +4
  • Accepts Lightning +1
  • AML screening -7
  • May request ID -7
  • Closed source -2
  • Refund without ID +2
  • Total, clamped to 0–100 37

Safety

4.8
  • Starting points 50
  • Legal entity disclosed +5
  • AML screening -3
  • May request ID -4
  • Closed source -3
  • 5+ years operating +10
  • Refund without ID +6
  • Reported suspension of funds originating from one exchange pending verification medium · unknown · 137 days ago -7
  • Reported exploit of about $26.1 million in bitcoin and ether critical · unknown · 978 days ago -6
  • Total, clamped to 0–100 48

Test ledger

Real transactions run by our editors. A badge without a ledger is an assertion; this is the proof.

No test transactions published yet

The grades above rest on FixedFloat’s terms and documentation. Tests will appear here with the date, route, amount band and result as they are run.

Incidents on record

medium

Funds held

Reported suspension of funds originating from one exchange pending verification

The public event log of the directory kycnot.me recorded that between 8 June and 8 August 2026 FixedFloat suspended orders funded from a specific large exchange and required verification before processing or refunding them. FixedFloat's terms allow it to suspend an order where suspicious activity is detected, carry out KYC and source-of-funds procedures and extend processing by up to two months. The number of users affected and the amounts involved were not stated.

Outcome unknown Source: kycnot.me ↗

critical

Hack or exploit

Reported exploit of about $26.1 million in bitcoin and ether

FixedFloat was reported in February 2024 to have lost about $26.1 million in bitcoin and ether in an exploit. According to a security firm's analysis, the attacker moved the funds through other no-KYC services, and the root cause was never publicly disclosed in detail. The service resumed operation afterwards. No evidence was found in the sources reviewed that customer swaps in progress were left unpaid as a result.

Outcome unknown $26M Source: halborn.com ↗

User reviews

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Alternatives to FixedFloat

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eigenwallet

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FixedFloat vs GhostSwapFixedFloat vs ChainflipFixedFloat vs Swap MarketFixedFloat vs eigenwallet

FixedFloat: common questions

Does FixedFloat require KYC?

FixedFloat is rated KYC level 3 of 4 on this site: ID on risk flag. Terms section 7 says no registration is needed, but orders flagged as suspicious may be suspended pending KYC and source-of-funds checks.

Is FixedFloat safe to use?

FixedFloat has a Safety grade of 4.8 out of 10 and a Privacy grade of 3.7 out of 10. There are 2 incidents on record, listed with sources on this page. Evidence level: documentation reviewed.

Is FixedFloat legit?

FixedFloat is a working swap service that has operated since 2018. It publishes the company that runs it, in Georgia. Being real is not the same as being safe: its Safety grade here is 4.8 out of 10, built from custody, liquidity, track record and incidents.

Is FixedFloat a scam?

NoKYC Score does not label services as scams; it records documented incidents with their sources and outcomes. FixedFloat has 2 incidents on record, 2 not resolved, the latest: "Reported suspension of funds originating from one exchange pending verification". Each is listed on this page with its source. Its terms also allow it to hold a flagged deposit and ask for identity documents.

Do I need an account or email to use FixedFloat?

No account needed.

Does FixedFloat have a Tor onion address?

No official onion address was found on FixedFloat's own pages.

Which cryptocurrencies does FixedFloat support?

FixedFloat supports BTC, ETH, XMR, LTC, USDT, USDC, SOL, TRX.

Is FixedFloat custodial?

Yes. FixedFloat holds funds during a trade, which means it is able to delay or freeze them.

Can I use FixedFloat over Tor?

FixedFloat does not publish an official onion address.

Listing history

  • Listing added. Facts and KYC level set from the service's own terms and documentation.
  • Incident recorded: Reported exploit of about $26.1 million in bitcoin and ether
  • Incident recorded: Reported suspension of funds originating from one exchange pending verification