Question 1

Why trade BTC for XMR?

Accepted Answer

Trading BTC for XMR allows you to convert a transparent, public store of value into a private, fungible asset, enhancing financial privacy for your holdings.

Question 2

What are the main benefits of using XMR?

Accepted Answer

Monero provides mandatory privacy for all transactions, ensuring sender, receiver, and amount are concealed, which offers true fungibility and protection from surveillance.

Question 3

Is Bitcoin a private cryptocurrency?

Accepted Answer

No, Bitcoin transactions are pseudonymous and recorded on a public ledger, meaning addresses and transaction amounts are visible to anyone, unlike Monero.

Question 4

What makes Monero different from other privacy coins?

Accepted Answer

Monero's privacy is built-in by default for every transaction using ring signatures, stealth addresses, and confidential transactions, making it consistently private without optional features.

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 BTC (Bitcoin) to XMR (Monero)

Description

Frequently Asked Questions