Question 1

What makes DASH a good choice for transactions?

Accepted Answer

DASH offers fast transaction speeds, low fees, and enhanced privacy features, making it suitable for both everyday payments and secure transfers.

Question 2

What is RUNE used for on THORChain?

Accepted Answer

RUNE is used to facilitate cross-chain liquidity, secure the network, and enable decentralized trading across multiple blockchain ecosystems.

Question 3

Can I trade DASH for RUNE directly?

Accepted Answer

Yes, you can trade DASH for RUNE on supported decentralized exchanges or platforms that integrate THORChain's cross-chain liquidity pools.

Question 4

Is RUNE a good investment for decentralized finance (DeFi)?

Accepted Answer

RUNE is a key player in DeFi, offering utility in cross-chain liquidity and trading, making it a valuable asset for those interested in decentralized finance ecosystems.

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 DASH (Dash) to RUNE (Thorchain)

Description

Frequently Asked Questions