Question 1

What is ARB used for?

Accepted Answer

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

Question 2

Why is DOT considered valuable?

Accepted Answer

DOT is valuable due to its role in enabling cross-chain communication, governance, and the creation of interoperable decentralized applications on the Polkadot network.

Question 3

Can I trade ARB for DOT directly?

Accepted Answer

Yes, ARB can be traded for DOT on supported exchanges that list this trading pair, allowing users to switch between Ethereum and Polkadot ecosystems.

Question 4

What are the benefits of holding DOT?

Accepted Answer

Holding DOT allows users to participate in network governance, stake for rewards, and access cross-chain functionalities within the Polkadot ecosystem.

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 ARB (Ethereum) to DOT (Polkadot)

Description

Frequently Asked Questions