SwapNoKYC is a front-end over an aggregated liquidity router, not a single internal order book. For every pair we poll multiple liquidity venues continuously and quote the best executable rate, net of one platform fee that is already folded into the number the widget shows. There is no second spread applied at settlement — what you are quoted is what is delivered, minus only the on-chain network fee of the asset you send.
- Float orders re-price at the moment your deposit confirms on-chain. The spread is tighter, but the final receive amount tracks the market between quote and confirmation.
- Fixed orders lock the quote for ten minutes from deposit. You trade a slightly wider spread for a guaranteed receive amount — useful on volatile pairs.
Quotes shown on pair pages carry a visible "Updated" timestamp bound to the real API fetch, not the page deploy time. The live widget re-quotes client-side on load, so the rate you act on is always current.