Frequently Asked Questions
Below are some of the most common questions and answers.
BNX is used for governance, in-game purchases, and accessing play-to-earn features within the BinaryX ecosystem.
BNB is popular due to its role in paying transaction fees, staking, and powering decentralized applications on the Binance Smart Chain.
Yes, BNX can be staked to earn rewards and participate in the BinaryX ecosystem's governance.
BNB is automatically used to pay gas fees when conducting transactions or interacting with smart contracts on the BSC blockchain.
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.
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.
