MyConstant is Incognito’s official US-based crypto <> fiat exchange partner. Using MyConstant with Incognito helps you work seamlessly with both crypto and fiat, bridging the gap between traditional finance and DeFi.
Create an account
First things first, you’ll need to create an account at myconstant.com. You’Il have to complete the KYC check, fill out your info, and link your bank account.
Crypto to fiat off-ramp
With MyConstant, moving funds from your Incognito wallet to your bank account is quick and easy.
Click to see how to withdraw crypto to fiat.
1. Trade for pUSDT
Before you can cash out your crypto, you’ll need to trade it for pUSDT. Head to the “Trade” tab and complete the trade with your desired coin and amount.
pUSDT = USDT on Incognito network (in-network)
2. Send to MyConstant
Simply send your pUSDT to the address generated in your MyConstant account.
Click to see how to generate a MyConstant address.
1. Log into your myconstant.com account
2. Click “Crypto” in the “Deposit” box.
3. Select pUSDT, and copy the generated address.
From the “Assets” tab in the Incognito app, click “USDT”. Then, click “Send”, and paste the address.
Confirm the transaction and it will appear in your MyConstant account shortly!
Note: As always, once your funds leave Incognito, they are no longer private.
3. Withdraw to fiat
Once you’ve received the pUSDT (or USDT) in your MyConstant account, you can initiate a withdrawal to your bank account.
From MyConstant > Accounts, click the “USD” button in the “Withdraw” box.
From there, simply choose the account, and click “Send”. ACH and wire transfers take 3-5 business days.
Fiat to crypto on-ramp
You can use MyConstant to exchange fiat for crypto, and send it directly to your Incognito wallet in just three steps.
Click to see how to convert fiat to crypto.
Note: MyConstant will only work as an on-ramp for amounts $2000 or less, as the verification process for larger amounts exceeds the 2-hour time limit on Incognito shield addresses.
1. Deposit fiat to MyConstant
You’ll need to fund your MyConstant account to get started. You can do so via ACH or wire transfer.
When using MyConstant as an on-ramp, ACH transfers face a 60-day waiting period due to restrictions in place for security. Crypto-to-fiat withdrawals do not have any delay.
2. Generate a USDT shield address
From the ”Assets” tab in the Incognito app, tap ”Shield my crypto” and choose USDT.
Copy the address.
Note: Do NOT send to this address more than once, and work quickly, as the address expires in 2 hours.
3. Withdraw crypto from MyConstant
Back under your MyConstant > Accounts, select “Crypto” from the ”Withdraw” box.
Select USDT, then paste the shield address you just copied, and confirm.
That’s all there is to it! Simply wait for your Incognito wallet’s balance to update.