Does FixedFloat require KYC?

FixedFloat has optional KYC; you can use the service without it for the basic flow. No account required for the standard flow; AML address-screening can hold transactions and request KYC to release funds.

What payment methods does FixedFloat accept?

FixedFloat accepts: crypto, lightning.

Where is FixedFloat based?

Operating jurisdiction listed as Seychelles (operator-disclosed). This is best-known information; corporate structure can be opaque.

Instant swap (no account)

FixedFloat

FixedFloat is one of the larger no-account instant exchangers and one of the most-cited routes for BTC ↔ XMR swaps in the Monero community.

Website: fixedfloat.com
KYC: optional KYC — No account required for the standard flow; AML address-screening can hold transactions and request KYC to release funds.
Status: active
Fiat on-ramp: no
Payment: crypto, lightning
Jurisdiction: Seychelles (operator-disclosed)
Founded: 2018
Open source: no
Custodial: no
Last verified: Jan 1, 2026
Sources: 2

Overview

What FixedFloat is#

A no-account instant exchanger. Both fixed-rate and float-rate orders are offered; the fixed rate locks the conversion at order time and the float rate adjusts to the market when the deposit confirms. Lightning is supported on the BTC side.

Threat-model fit#

FixedFloat occupies the middle of the no-KYC instant-swap spectrum: better-than-most asset coverage and UX, but custodial during the window and subject to AML screening on output. Common community guidance is to route from a CEX (or from a privacy-untrusted source) into Monero, churn, and then swap out — putting FixedFloat on the exit leg rather than the entry.

Recent changes#

The 2024 incident shifted the operator’s risk posture; expect tighter screening on outliers and on flagged input addresses. Treat large-amount routes as more likely to trigger review.

Strengths

Wide asset coverage including Lightning, with both fixed-rate and floating-rate modes.
Order-status page is detailed enough to debug stuck swaps without contacting support.
No mandatory signup for the standard quote-and-swap flow.

Caveats

In February 2024 FixedFloat disclosed an exploit that drained roughly $26M in BTC and ETH from its hot wallets; downstream effects on screening and review windows have persisted.
Holds with KYC-to-release have been widely reported across instant-exchanger reviewers; the screening provider and triggers are not public.
Facts need re-verification by operator (last seeded 2026-01).

Verdict

FixedFloat is one of the larger no-account instant exchangers and one of the most-cited routes for BTC ↔ XMR swaps in the Monero community. The trade-off is the well-documented AML screening: a portion of users are asked for ID before their swap output is released, and the criteria are not transparent. Use a fixed-rate quote on tested routes and assume some swaps will be held for review.

FAQ

Does FixedFloat require KYC?: FixedFloat has optional KYC; you can use the service without it for the basic flow. No account required for the standard flow; AML address-screening can hold transactions and request KYC to release funds.
What payment methods does FixedFloat accept?: FixedFloat accepts: crypto, lightning.
Where is FixedFloat based?: Operating jurisdiction listed as Seychelles (operator-disclosed). This is best-known information; corporate structure can be opaque.

FixedFloat

Overview

What FixedFloat is#

Threat-model fit#

Recent changes#

Strengths

Caveats

Verdict

FAQ

Sources

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