Question 1

What is the primary use case for BCH?

Accepted Answer

BCH is primarily used for fast, low-cost peer-to-peer transactions and as a digital cash alternative for everyday payments.

Question 2

Why is BNB considered a valuable asset?

Accepted Answer

BNB is valuable due to its utility in transaction fees, staking, governance, and its integration with Binance's ecosystem and decentralized applications.

Question 3

Can I stake BNB?

Accepted Answer

Yes, BNB can be staked to earn rewards and participate in network governance on the Binance Smart Chain.

Question 4

Is BCH compatible with other blockchains?

Accepted Answer

BCH operates on its own blockchain but can be wrapped or bridged to other networks for cross-chain functionality.

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 BCH (Bitcoincash) to BNB (Binance Smart Chain)

Description

Frequently Asked Questions