Frequently Asked Questions

Below are some of the most common questions and answers.

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

RUNE acts as the backbone of THORChain, enabling decentralized liquidity pools and cross-chain swaps without relying on centralized exchanges.

Yes, DOT can be staked to secure the Polkadot network and earn staking rewards.

Yes, RUNE is used to pay for transaction fees and incentivize liquidity providers on the THORChain network.

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.

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