Question 1

What is the DOT token used for?

Accepted Answer

DOT is used for governance, staking, and enabling cross-chain communication within the Polkadot ecosystem.

Question 2

Why trade ETH on the ARB blockchain?

Accepted Answer

ETH on ARB leverages Arbitrum's layer-2 scaling solution, providing faster transactions and lower fees compared to Ethereum mainnet.

Question 3

Is DOT a good investment?

Accepted Answer

DOT's value is tied to its utility in the Polkadot ecosystem, making it a promising asset for those interested in cross-chain interoperability and decentralized governance.

Question 4

Can I use ETH on ARB for DeFi?

Accepted Answer

Yes, ETH on ARB is widely used in DeFi applications, benefiting from Arbitrum's scalability and cost-efficiency.

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 DOT (Polkadot) to ETH Arbitrum

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Frequently Asked Questions