Question 1

What is USDT on the ETH blockchain?

Accepted Answer

USDT is a stablecoin on the Ethereum blockchain, designed to maintain a 1:1 value with the US dollar, providing stability and liquidity for traders.

Question 2

Why trade ETH on the BASE blockchain?

Accepted Answer

ETH on the BASE blockchain enables fast, low-cost transactions and supports decentralized applications, making it ideal for developers and users alike.

Question 3

Is USDT on ETH secure?

Accepted Answer

Yes, USDT on the ETH blockchain leverages Ethereum's robust security features, ensuring safe and reliable transactions.

Question 4

What are the use cases for ETH on BASE?

Accepted Answer

ETH on BASE is used for gas fees, smart contract execution, and powering decentralized finance (DeFi) applications, offering flexibility and efficiency.

Question 5

Do I need KYC to use Instaswap? How are transactions secured?

Accepted Answer

No, Instaswap does not require KYC (Know Your Customer) for any swap amount or pair. However, we employ an advanced KYT system powered by a trusted third-party partner. This system automatically checks wallet addresses involved in transactions, ensuring they haven’t previously been flagged for illicit activities, keeping your swaps safe, secure, and private.

Question 6

Is Instaswap decentralized? Does it support centralized (CEX) swaps?

Accepted Answer

Instaswap is a non-custodial DEX aggregator: swaps settle on-chain through decentralized liquidity protocols, and we do NOT offer centralized exchange (CEX) swaps, accounts or balances. Funds in transit move under predefined, non-discretionary rules, with your refund address fixed before you deposit.

Swap USDT (Ethereum) to ETH Base

Description

Frequently Asked Questions