Question 1

What is BCH used for?

Accepted Answer

BCH is primarily used for fast, low-cost transactions, making it suitable for everyday payments and peer-to-peer transfers.

Question 2

What makes ATOM unique?

Accepted Answer

ATOM enables blockchain interoperability through the Cosmos network, allowing different blockchains to communicate and share data seamlessly.

Question 3

Can I stake ATOM?

Accepted Answer

Yes, ATOM can be staked to participate in network security and governance, earning rewards in the process.

Question 4

Is BCH a good investment?

Accepted Answer

BCH's value depends on market conditions, but its utility for fast, low-cost transactions makes it appealing for users seeking efficient payment solutions.

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 ATOM (Cosmos)

Description

Frequently Asked Questions