Welcome to the cross-chain privacy marketplace of web3!
Here you get to buy and sell whatever you want, however you like. You can even (anonymously) access liquidity from other exchange platforms, starting with PancakeSwap!
In this tutorial, we’ll walk you through the different ways you can trade on the Incognito exchange. Choose your own adventure:
Place a decentralized limit order.
Simply set your limit price to place an order. Your limit price is the exact price you want to buy or sell at. Your order will only execute when your price is met, and will remain open until it is fully filled. Once an order is filled, its order placer will earn liquidity mining rewards in PRV (this is only applied for whitelisted pairs).
The percentage buttons are just shortcuts to select a part of your balance to trade, from 25% up to 100% (total balance).
If you’d like to change anything, you can easily cancel any unfilled parts of your order when you scroll down to the ‘Orders’ tab. You’ll be able to see if all or part of your order is unfilled from the order details screen.
Limit orders are great for uh… limiting price risks, making sure you get exactly the price you were expecting to buy or sell at. It’s also low maintenance – just set your price and go play outside.
However, sometimes you just want to buy or sell immediately at market price, without waiting for your order to be filled. In that case:
Enter the amount and currency you want to swap. The estimated amount you’ll receive takes into account a max 1% slippage, so your swap should complete at that price or better.
If you’d like to adjust your slippage tolerance or your trading fee so that your swap is executed faster, open the ‘Advanced’ settings. Oh, and now you’ll also be able to switch between DEXes to find the best prices. This release comes with PancakeSwap!
More DEX integrations coming soon, along with new bridges to Polygon and Solana.