> For the complete documentation index, see [llms.txt](https://knights.gitbook.io/knightswap/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://knights.gitbook.io/knightswap/the-castle/exchange.md).
# Exchange
{% hint style="success" %} **Trade cryptocurrencies whenever you want with low fees.**
{% endhint %}
We are a decentralized exchange (DEX). In order to make it appealing for investors to provide liquidity, which is essential for investors investors to trade, users pay a **0.2% fee** whenever they make a buy or sell on the DEX.
#### **From that trading fee**
**0.17%** is returned to liquidity pools as a reward for liquidity providers
**0.03%** goes to the KnightSwap Treasury
Liquidity providers earn their proportionate share of the trading fees regardless of whether their LP is held in their wallet, placed into our farms, or placed into our auto-compounders.
The 0.17% makes the liquidity pool bigger (which helps the project you are providing liquidity for guard against volatility & allow for safer trading).
Your LP tokens represent a % of the pool of the 2 assets you deposited in. If you do decide to break your LP, you'll get the same % back of a pie that's grown in the meantime.
You will not see the # of LP tokens you have go up because of it
## How Do I Get Started Trading?
Click [Here](/knightswap/merlins-step-by-step-guides/how-to-swap-on-knightswap.md) To Learn More
{% content-ref url="/pages/vnMTpyOnag3WpLTDHy2t" %}
[How To Swap On KnightSwap](/knightswap/merlins-step-by-step-guides/how-to-swap-on-knightswap.md)
{% endcontent-ref %}
---
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