Hi Incognito team.
At the beginning I would like to say big THANK YOU. My friend recommended me an Incognito and I’m impressed.
But I’m confused when used it (just once yet) in my “coin exchange workflow” what is the exact difference between Sell and Swap in Trade part of app. (Android, v5.0.13)
- I have created an account
- I have asked for initial PVRs via Faucet
- I have shielded some LTCs and I have seen some PVRs was used to cover this transaction.
- According my friends I wanted to buy another PVR to cover my future transactions.
4.1. As I had pLTC in my wallet already, I expected to make a Swap to PVRs. I was surprised when the fee for such swap was much higher that I had available.
4.2. I had to use Sell where the transaction fee was 0. It taken several hours but I have received by PVR finally. - Then I have decided to exchange my pLTC to pBTC. (As the Android app doesn’t show the “p” anymore I was a little bit confused. Do I have really pLCTs? Or plain LTCs and I have to shield them before any next step?
But it seems they are really pLTCs.)
On the Trade page, both Sell and Swap tabs offers me some kind of exchange between 2 coins. I have used Swap and according How to trade on the new Incognito exchange we should not used Sell but I didn’t really understand why.
Anyway, I have used Swap.
Then I wanted to buy another PVRs as I spent almost all of them as fee for my exchange.
When I compare offers of Sell and Swap I see these differences:
(Numbers taken Sunday morning, 2022-01-30)
- Sell: 0.0048436 LTC -> 0.7326 PVR, fee 0
- Swap: 0.0048436 LTC -> 0.756950391 PVR, fee 0.00185 PVR
Even the swap was marked as using SHIVX as interim jump.
Of course, I have used swap as it offered me higher amount of PVRs.
But I would really know what’s the difference between sell and swap? I wasn’t able to find any manual/description.
Many thanks for any explanation (specially “for dummies” like me).
//Rado1