Exchange Bitcoin Cash to DAI (ERC20) | FixedFloat

Exchanger

FixedFloat | Instant cryptocurrency exchangefixedfloat.ltd

Lightning cryptocurrency exchange

On August 1, 2017, the digital market saw a new cryptocurrency based on the BTC blockchain, which was named Bitcoin Cash. The split occurred on the block 478558 Bitcoin. It had a common part of the blockchain until the hard fork, and all subsequent blocks were already formed into a new chain. Bitcoin Cash is called the most successful fork of bitcoin.

How can I estimate the time of transaction confirmation?

It is important to keep in mind that to increase the number of confirmations, a new block must appear. Blocks of Bitcoin Cash, like Bitcoin, can go from 1 to 75 minutes. The average time for a Bitcoin Cash block to appear is 10 minutes. Therefore, Bitcoin Cash is not a fast currency.

If you are unable to send coins to our address

If your wallet does not accept our payment address, try adding “bitcoincash:” to the beginning of the address. This may be due to the fact that your wallet does not support an address without a prefix. Many wallets are strict about address formats.

You may be using a wallet that does not support the new BCH address format. In this case, you can use the address conversion service. To do this, insert the given address into the line and press the Convert button. The Legacy tab will display the old address format.

  • The address you received from us: qztfskga5nqp97vuzufzhxyfky0nfa2kd5lwv5ecp6
  • Legacy address (legacy address format): 1EjGs7C1N7e2QEqg343dvQN1UEEF97Btwi

Despite the dramatic difference in spelling, they refer to the same wallet.

Bitcoin Cash network fee

Today, the average fee for a Bitcoin Cash transaction is no more than a cent — $0.0046.

A brief history of DAI

Stablecoin DAI is an ERC20 token issued at the end of 2017 by the MakerDAO platform. It is the first decentralized token on the Ethereum blockchain. Almost always, the market rate of 1 DAI is equal to 1 US dollar. Mining and staking are not available for this project, new tokens are issued by the users of the MakerDAO platform.

DAI smart contract

Our exchanger only sends transactions to the original DAI contract. Transactions are not sent to addresses of third-party contracts.

My order is completed, but I cannot see the funds in my wallet, what should I do?

We send Ethereum tokens with an average commission so that the receiving party does not have to wait long for the receipt. But sometimes, with the increased load on the Ethereum network, the transaction can get stuck in the mempool and not get into the block. The status of such a transaction is “Pending”. The etherscan.io explorer gives information about the expected processing time of a transaction, but you need to understand that this value is not exact and may change depending on the situation.

If a transaction sent by us cannot be confirmed for a long time, contact technical support with a request to push the transaction through.

exchange in 3 easy steps

  1. Enter the desired amount of Bitcoin Cash and write your wallet address to receive currency.
  2. Click the “Exchange now” button and you will be taken inside your order.
  3. Send Bitcoin Cash to the address from your order, after the required network confirmation, DAI (ERC20) will be sent instantly.

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