Lightning cryptocurrency exchange
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 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.
Important Notice
U.S. persons cannot make an exchange on FixedFloat.com
Exchange Bitcoin Lightning Network to Dash
Exchange in 3 steps
- Enter the desired amount of Bitcoin (Lightning) and write your wallet address to receive currency.
- Click the "Exchange now" button and you will be taken inside your order.
- Send Bitcoin (Lightning) to the address from your order, after the required network confirmation, Dash will be sent instantly.
What do you need to know?
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 that may arise when sending Lightning Network
- If an error occurs when you try to send the Lightning Network, then most likely it happened due to the lack of channels. The Lightning Network requires links between nodes. If your wallet allows you to open channels yourself, then you can open a channel with FixedFloat.
FixedFloat Node:037f990e61acee8a7697966afd29dd88f3b1f8a7b14d625c4f8742bd952003a590@lnd.fixedfloat.com:9735For more information on how to do this, see our article "How to start using the Lightning Network?". - If you see a "Payment in transit" message when sending the Lightning Network, it means the Lightning Network has been sent, but there is a problem with intermediate nodes. You need to wait for the final invoice payment or refund.
Lightning Network Speed and Fees
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.
The fee depends on the intermediate channels through which the payment passes. Usually it is almost zero. But it so happens that some channels charge a high fee for passing the payment. It can reach up to 1% of the amount.
Dash is one of the most popular currencies with increased anonymity.
Dash is a blockchain-based cryptocurrency, the distinguishing feature of which is the use of the mechanism for increasing transaction confidentiality, developed in 2014 by Evan Duffield. Initially, the currency was called "XCoin", and after testing and introduction to the masses, it was renamed to "Darkcoin". The current name "Dash" cryptocurrency received in March 2015.
Dash Blockchain Transaction Processing Speed
DASH has an Instant Send feature — this development allows payments to be made in seconds. Cryptocurrency exchange using the new technology is slightly more expensive than usual, but this is offset by an accelerated transaction processing mode.
The average formation time for a new block is approximately 2.5 minutes, which is four times faster than on the Bitcoin network.
Dash network fee
The average fee of the network depends on the type of transaction, but on average according to the data for 2019 was $0.0007, which is also an advantage of this cryptocurrency.