Incognito Market FAQ - Exchanges

How do I initiate an exchange?

Simply type in the amount you want to exchange and click market order, or if you want to specific a rate range, please use the limit order functionality. These should work like normal

What are makers and takers?

Makers are liquidity providers, aka the orders inside the liquidity pool. Takers are the users that execute/transact with the existing orders. There is a 2% fee on makers to incentivize users to reduce the total pending exchange orders.

Are there any hidden fees?

The rates are decided by the maker, we only charge a 2% maker fee, so if you market order exchanges, you can do it for free.

More Answers