Question 1

What is the BASE blockchain?

Accepted Answer

The BASE blockchain is a decentralized platform designed for scalability and security, supporting ETH as its native token for transactions and smart contracts.

Question 2

Why is BNB popular on the BSC blockchain?

Accepted Answer

BNB is popular due to its utility in reducing transaction fees, enabling fast transactions, and supporting various use cases like staking and governance within the Binance ecosystem.

Question 3

Can I stake ETH or BNB?

Accepted Answer

Yes, both ETH and BNB can be staked to earn rewards, with ETH staking supporting network security and BNB staking offering additional benefits within the Binance ecosystem.

Question 4

What are the transaction fees for ETH and BNB?

Accepted Answer

ETH transaction fees vary based on network congestion, while BNB transactions on the BSC blockchain are known for their consistently low fees.

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 Base to BNB Binance Smart Chain

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