Fixed vs floating crypto swap rates
The rate type affects how a quote can change before settlement. Fixed and floating quotes have different conditions, and both depend on sending the correct deposit and meeting the selected route's requirements.
A floating quote is a snapshot
A floating quote shows an estimate when you request it. The final amount depends on the rate when the route processes the swap under its conditions, which may be after your deposit confirms.
Market movement can make the final receive amount higher or lower. A different result can also involve fees or a deposit issue, so check the order details before assuming a cause.
Compare the available receive amounts for the same pair, networks and amount. A floating quote is not guaranteed to offer a better result than a fixed quote.
A fixed quote has conditions
A fixed quote offers a locked receive amount subject to the route's requirements. These can include the exact deposit amount, network, deadline and required confirmations.
Sending before the countdown ends may not be enough if the route requires the deposit to confirm within its window. Read the quote and order instructions before funding.
A late, incorrect or reviewed deposit can require a revised quote, support or a refund process. Fixed describes the pricing conditions; it does not guarantee completion.
How to compare the options
Compare the receive amount and the deposit conditions together. A fixed quote can reduce price uncertainty when its conditions are met; a floating quote leaves the final rate open to change.
Consider whether your wallet or exchange can send on the required network within the deposit window. Withdrawal delays can matter for either rate type.
If the order expires or its instructions are unclear, request a new quote or contact support instead of sending to an old deposit address.
Availability is not always your choice. Fixed and floating are offered per route and per pair, so on some pairs only one of them exists.
Common questions
- I received less than the quote said. What happened?
- Check the rate type, deposited amount, fees and confirmation timing against the order. Floating rates can change, but that is not the only possible explanation. If the difference is unclear, contact official support with your trade ID and deposit transaction hash.
- Does the service fee change between fixed and floating?
- Read the service fee shown with each quote. The rate type, route pricing and any eligible discount can affect what you receive. Compare the final receive amount and the applicable conditions, not just a headline fee.
Swap pages related to this guide
Check a rate yourself
Requesting a quote costs nothing and commits you to nothing. You see the number before you decide.
Route availability, limits, timing and verification requirements vary by partner and jurisdiction. Review the live quote and the applicable route conditions before depositing.