Question 1

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

Accepted Answer

Trading ETH on the ARB blockchain offers lower transaction fees and faster processing times due to Arbitrum's Layer 2 scaling solution, enhancing the overall trading experience.

Question 2

Why is DOT considered a strong investment?

Accepted Answer

DOT is a strong investment due to its role in enabling cross-chain interoperability and its growing ecosystem of decentralized applications, which drive demand and utility.

Question 3

Can I use ETH on ARB for DeFi applications?

Accepted Answer

Yes, ETH on the ARB blockchain is widely used in DeFi applications, benefiting from Arbitrum's scalability and cost-efficiency for transactions and smart contracts.

Question 4

What makes DOT unique compared to other blockchain tokens?

Accepted Answer

DOT stands out for its ability to connect multiple blockchains through its parachain architecture, fostering interoperability and enabling a more connected and scalable blockchain ecosystem.

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 DOT (Polkadot)

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Frequently Asked Questions