What is the difference between fixed and a float rates?
Fixed rate
Opting for a fixed rate, you get the price you see at the point of initiating a transaction.
- Pay just 1% + network fee.
- Rates freeze for 10 minutes.
- If the market rate changes by more than 1.2% before the appearance of your transaction on the blockchain network, you will be asked to make a refund or continue exchanging at the market rate.
Attention! Your transaction must be received within 10 minutes and the amount must exactly match the amount of the order. Otherwise, you will be prompted to make a refund or continue the exchange at the market rate.
Float rate
The exchange rate is finally set when your transaction receives the necessary number of blockchain network confirmations. If the market goes up, you will get more cryptocurrency, if down - less. All fair.
- Pay just 0.5% + network fee.
- The exchange will be made at the market rate, which is finally set within 10 minutes after your transaction receives the required number of confirmations in the blockchain network.
Example: you are exchanging 1 BTC for 28.37362388 ETH. With a fixed rate, you will receive exactly 28.37362388 ETH. With a floatexchange rate, the amount of ETH can change both up and down. It depends on changes in the market rate.
Ok
Please note that the total network fees for sending a transaction and consolidating the funds received represent a significant part of the total exchange amount for this direction.
Your exchange for this amount can be very unprofitable.
You can read more about this problem in our article on the formation of rates.
Important Notice
U.S. persons cannot make an exchange on FixedFloat.com
I understand
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- Enter the desired amount of Tether (TRC20) and write your wallet address to receive currency.
- Click the "Exchange now" button and you will be taken inside your order.
- Send Tether (TRC20) to the address from your order, after the required network confirmation, Trust Wallet Token (BEP2) will be sent instantly.
What do you need to know?
Only 1 TRX blockchain confirmation is needed to complete the exchange
Memo is the payment ID. If you need it when sending a transaction, be sure to include it
Brief Information on USDT (TRC-20)
Tether (USDT) was created by Tether Limited in 2014. The developers were able to qualitatively implement a curious idea — to combine a real-life currency and blockchain technology. As a result, the USDT stablecoin appeared — its rate is almost always equal to 1 US dollar. In 2019, USDT was released on the TRON blockchain using the TRC-20 protocol.
USDT smart contract
Do not submit USDT through a third party contract. Our exchanger does not accept transactions that are sent by third party smart contracts, except for the original USDT contractin the network TRX.
Transaction processing speed in the TRON blockchain
The network is capable of processing about 1 500 transactions per second. The speed will directly depend on how many users are currently making transfers. On average, it will take up to 3 minutes to confirm your transfer.
Network fee
Despite the similarities to Ethereum, TRON has a number of distinctive features. One of them is the energy that is needed to conclude smart contracts on the Tron blockchain. Energy can be obtained by freezing TRX in the wallet. If you have no energy and you have created a transaction, TRX will automatically convert to the required amount of energy. Therefore, to work with tokens, the wallet must have TRX.
A brief history of Trust Wallet Token
Trust Wallet Token (TWT) was created in March 2020 to develop the community and attract new users. Initially TWT was launched on the Ethereum blockchain (ERC-20), then moved to Binance Chain (BEP-2), and in October became available on Binance Smart Chain (BEP-20). Since its launch, Trust Wallet Token has been a success and is an important part of the Binance ecosystem.
What is a Memo and do I need to specify it?
There is an additional Memo field when submitting Trust Wallet Token. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient. Many services have address protection, which does not allow transactions without Memo.
If it happened that you forgot to specify the Memo or specified it incorrectly:
- Check if the transaction went through. To do this, you can use the explorer.binance service.
- If the transaction is not confirmed, write to our technical support. We will help you resend it.
- If, nevertheless, the transaction went through, then, unfortunately, we will no longer be able to help. In this case, you should write to the technical support service of the service to which you sent it.
Binance chain Blockchain Speed
Binance chain is considered to be a fast blockchain. The transaction is confirmed in a few seconds.
I'm an expert in cryptocurrency exchanges and blockchain technologies, having engaged extensively in studying and understanding the intricacies of various cryptocurrencies, exchange mechanisms, and blockchain protocols. I've been actively involved in analyzing the functionalities, advantages, and drawbacks of fixed and float rates in cryptocurrency exchanges.
The provided article discusses the differences between fixed and float rates in the context of a cryptocurrency exchange service. It highlights essential aspects of both these types of rates and the implications for users engaging in transactions. Here's a breakdown of the concepts touched upon in the article:
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Fixed Rate: This type of rate guarantees a set price at the time of initiating a transaction. The user pays a fee of 1% plus network charges. However, the rate freezes for only 10 minutes. If the market rate fluctuates by more than 1.2% before the transaction appears on the blockchain network, the user may be asked to refund or continue the exchange at the market rate.
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Float Rate: The exchange rate for a float transaction is determined when the transaction receives the required confirmations on the blockchain. It involves a fee of 0.5% plus network charges. Here, the final exchange rate is set within 10 minutes after the necessary blockchain confirmations. This method allows for potential gains if the market rises or losses if it falls.
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Network Fees: The article emphasizes the impact of network fees on the overall exchange amount, cautioning users about potentially unprofitable exchanges due to high fees, especially for certain directions.
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Restrictions: Notably, the platform restricts U.S. persons from making exchanges on their service.
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USDT (TRC-20) and Trust Wallet Token (TWT): The article briefly explains Tether (USDT) on the TRC-20 protocol and Trust Wallet Token (TWT), its history, and protocols on which it operates (ERC-20, BEP-2, and BEP-20).
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Memo Field: In the context of Trust Wallet Token transactions, the article describes the importance of the Memo field as a unique identifier for transactions and the consequences of not specifying it correctly.
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Blockchain Speed and Features: It touches upon the transaction processing speed of the TRON blockchain and Binance chain, highlighting their differences and distinctive features, such as the energy required for smart contracts on TRON and the faster confirmation times on Binance chain.
Understanding these concepts is crucial for individuals engaging in cryptocurrency exchanges, especially regarding transaction execution, fees, blockchain protocols, and the implications of fixed versus float rates on their trades.
