Question 1

What is the BASE blockchain?

Accepted Answer

The BASE blockchain is a scalable and efficient platform designed for decentralized applications, with ETH as its native token for transactions and smart contracts.

Question 2

Why is BTC considered a store of value?

Accepted Answer

BTC is considered a store of value due to its limited supply, decentralized nature, and widespread acceptance as a digital alternative to traditional assets.

Question 3

Can I use ETH for more than just transactions?

Accepted Answer

Yes, ETH is used to power smart contracts, decentralized finance (DeFi) applications, and other blockchain-based services on the BASE network.

Question 4

How does BTC's network ensure security?

Accepted Answer

BTC's network ensures security through its proof-of-work consensus mechanism, which requires significant computational effort to validate transactions and secure the blockchain.

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 BTC Bitcoin

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