Frequently Asked Questions
Below are some of the most common questions and answers.
AUCTION is used to participate in decentralized auctions, enabling users to bid on assets securely and transparently on the Ethereum blockchain.
ETH is valuable due to its role in powering the Ethereum network, enabling smart contracts, dApps, and serving as a foundational asset in DeFi and NFT ecosystems.
Yes, AUCTION can be traded directly for ETH on supported decentralized and centralized exchanges.
The AUCTION-ETH pair is popular due to the utility of both tokens in decentralized finance and their strong presence on the Ethereum blockchain.
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.
