Question 1

What is the benefit of trading ETH on the ARB blockchain?

Accepted Answer

ETH on the ARB blockchain benefits from lower transaction fees and faster processing times compared to Ethereum's mainnet, making it cost-effective for trading and DeFi activities.

Question 2

Why is DOGE considered a good buy asset?

Accepted Answer

DOGE is known for its strong community support, low transaction fees, and fast processing times, making it suitable for microtransactions and peer-to-peer transfers.

Question 3

Can I use ETH on ARB for DeFi applications?

Accepted Answer

Yes, ETH on the ARB blockchain is fully compatible with decentralized finance (DeFi) applications, offering scalability and cost efficiency for users.

Question 4

Is DOGE widely accepted as a payment method?

Accepted Answer

Yes, DOGE is accepted by numerous merchants and platforms for payments, tipping, and donations due to its low fees and fast transaction speeds.

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

Yes, Instaswap is fully decentralized (DEX), meaning all transactions occur directly on the blockchain without centralized intermediaries. We do NOT offer centralized exchange (CEX) swaps, and your funds always remain fully under your control through our non-custodial platform.

Swap ETH Arbitrum to DOGE (Doge)

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Frequently Asked Questions