Question 1

What is BCH used for?

Accepted Answer

BCH is primarily used for fast, low-cost peer-to-peer transactions and is widely accepted as a payment method for goods and services.

Question 2

What makes RUNE unique?

Accepted Answer

RUNE is unique for its role in enabling cross-chain liquidity and decentralized trading, allowing users to swap assets across different blockchains without intermediaries.

Question 3

Can I trade BCH for RUNE directly?

Accepted Answer

Yes, you can trade BCH for RUNE directly on platforms that support the BCH/RUNE trading pair, leveraging decentralized exchanges powered by THORChain.

Question 4

Is RUNE a good investment?

Accepted Answer

RUNE's value is tied to the growth of the THORChain ecosystem, making it a potential investment for those interested in cross-chain interoperability and decentralized finance.

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 BCH (Bitcoincash) to RUNE (Thorchain)

Description

Frequently Asked Questions