Question 1

What is Bonk (0x1151cb3d861920e07a38e03eead12c32178567f6)?

Accepted Answer

Bonk is a meme token on the Ethereum blockchain, known for its community-driven nature and speculative trading opportunities.

Question 2

Why trade ETH on the ARB blockchain?

Accepted Answer

ETH on the ARB blockchain benefits from lower transaction fees and faster processing times, making it ideal for DeFi and trading activities.

Question 3

Is Bonk a good investment?

Accepted Answer

Bonk is highly speculative and volatile, making it suitable for traders comfortable with high-risk, high-reward assets.

Question 4

What are the use cases for ETH on ARB?

Accepted Answer

ETH on ARB is used for decentralized finance (DeFi), smart contracts, and as a medium of exchange within the Arbitrum 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

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 Bonk (Ethereum) to ETH Arbitrum

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