Lightning cryptocurrency exchange
What is the difference between fixed and a float rates?
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.
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 float exchange rate, the amount of ETH can change both up and down. It depends on changes in the market rate.
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.
U.S. persons cannot make an exchange on FixedFloat.com
Exchange Ethereum to Bitcoin Lightning Network
Exchange in 3 steps
- Enter the desired amount of Ethereum and write your wallet address to receive currency.
- Click the "Exchange now" button and you will be taken inside your order.
- Send Ethereum to the address from your order, after the required network confirmation, Bitcoin (Lightning) will be sent instantly.
What do you need to know?
Ethereum — the most innovative blockchain
Ethereum is a new blockchain that, in addition to sending cryptocurrencies, allows you to run and run smart contracts. With their help, you can create a variety of decentralized applications, including their own currencies (tokens). In addition to contracts, a big advantage among other blockchains is considered to be a fairly high speed of transactions.
When will the transaction enter the blockchain?
Blocks in the Ethereum blockchain are created approximately every 13 seconds.
- With a high сommission, the transaction will be able to get into the next block.
- With an average сommission-the approximate processing time of the transaction is 3 minutes.
- When paying below the average сommission hit rate will depend only on the load on the network and increase or decrease the load. Some Explorer (e.g. etherscan.io) give information about the expected processing time of a transaction, but you must understand that this value is not accurate and can change depending on the situation.
The system does not see the transaction, what to do?
Make sure that the transaction was not sent through a contract, otherwise, contact technical support to solve the problem, you may have to wait a while in order to make a refund or exchange.
If the transaction has already been added to the blockchain, and the system has not seen it, please contact our support, we will be able to help you quickly.
A brief history of the Lightning Network
The Bitcoin community has long been baffled by the scalability issue. The speed of transactions fell, and the network fees grew. In 2015 Thaddeus Dria and Joseph Poon proposed a solution called the Lightning Network. The idea was to carry out some of the transactions outside the network, thereby reducing the load on the BTC blockchain. In 2018, the Lightning Network was launched in Bitcoin.
The Lightning Network is a system that helps users move funds among themselves without having to use a blockchain to verify a transaction. Instead, there is a quick check of funds from the sender and a request from the recipient who agrees to the transaction.
Problems you may encounter while getting the Lightning Network
- If during the creation of an order when inserting an invoice, an error occurs about the absence of a path, this means that there is no created channel between our node and your wallet node. A channel is required to send and receive payments on the Lightning Network. If there is no open channel between our node and your wallet node, the payment will not be executed. It is recommended to try using a different wallet.
- If the order page indicates that the order was completed, but you did not receive the funds, then the reason for this may be:
- Disconnected intermediate node. If one of the intermediate nodes is offline, the transaction may be delayed.
- Insufficient amount of deposits on intermediate channels. Intermediate nodes cannot forward the payment due to lack of coins.
- The invoice is out of date. Each invoice has a validity period. Of this term has expired, the payment will not work.
If your order is completed, but you have not received the funds, please contact technical support. We can help you quickly.
Lightning Network Speed
Since transactions on the Lightning Network do not end up on the blockchain, they are almost instantaneous. But if one of the intermediate nodes is off the network, the transaction may be delayed.