Fees & rates
Floating rate
A floating-rate swap is executed at the market rate at the moment your deposit is confirmed, so the receive amount can move up or down while you wait.
It is cheaper than a fixed rate because the provider takes no price risk. On fast chains the difference is negligible; on BTC or XMR legs the market can move during confirmations.
On Swap.bz
Swap.bz quotes are live; the rate is locked when the order is created and the deposit arrives within the order window.
Related terms
Fixed rate
A fixed-rate swap locks the receive amount for a set window (often 10–30 minutes) regardless of market moves.
Confirmations
A confirmation is one block mined on top of the block containing your transaction; exchanges wait for several before treating a deposit as final.
Slippage
Slippage is the difference between the expected price of a trade and the price at which it actually executes.
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