Question 1

What makes BTC a reliable trading asset?

Accepted Answer

BTC's proven track record, limited supply, and robust security make it a reliable and widely accepted digital asset.

Question 2

How does DOT enhance blockchain interoperability?

Accepted Answer

DOT powers the Polkadot network, which connects multiple blockchains, enabling seamless data and asset transfers across ecosystems.

Question 3

Why trade BTC for DOT?

Accepted Answer

Trading BTC for DOT allows exposure to Polkadot's innovative ecosystem while leveraging BTC's stability and liquidity.

Question 4

What are the risks of trading the BTC/DOT pair?

Accepted Answer

Risks include market volatility, regulatory changes, and technological developments affecting either asset's value or utility.

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 BTC (Bitcoin) to DOT (Polkadot)

Description

Frequently Asked Questions