Question 1

What is ARB used for?

Accepted Answer

ARB is used to facilitate transactions and operations within decentralized applications on the Ethereum blockchain, offering scalability and cost efficiency.

Question 2

Why is BNB popular on the Binance Smart Chain?

Accepted Answer

BNB is popular due to its role in reducing transaction fees, enabling staking, and supporting a variety of DeFi and NFT applications on the Binance Smart Chain.

Question 3

Can I trade ARB for BNB directly?

Accepted Answer

Yes, ARB can be traded for BNB on supported exchanges that list this trading pair, allowing seamless cross-chain transactions.

Question 4

What are the benefits of holding BNB?

Accepted Answer

Holding BNB provides benefits such as discounted trading fees on Binance, participation in token sales, and access to various DeFi and NFT 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

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 ARB (Ethereum) to BNB (Binance Smart Chain)

Description

Frequently Asked Questions