Question 1

What is OP used for on the ARB blockchain?

Accepted Answer

OP is used for transaction fees, governance, and powering decentralized applications on the ARB blockchain.

Question 2

Why is Bitcoin (BTC) considered a store of value?

Accepted Answer

Bitcoin's limited supply of 21 million coins and its decentralized nature make it a reliable store of value and a hedge against inflation.

Question 3

Can I trade OP for BTC directly?

Accepted Answer

Yes, OP can be traded for BTC on supported exchanges that list this trading pair.

Question 4

What are the advantages of using ARB blockchain for OP transactions?

Accepted Answer

The ARB blockchain offers low transaction fees, high throughput, and scalability, making it efficient for OP transactions.

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 OP (Arbitrum) to BTC (Bitcoin)

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