Frequently Asked Questions
Below are some of the most common questions and answers.
Bonk is a meme-inspired cryptocurrency on the Ethereum blockchain, known for its community-driven nature and speculative trading potential.
BNB is used for paying transaction fees, staking, and accessing decentralized applications within the Binance Smart Chain ecosystem.
Trading Bonk/BNB combines the speculative appeal of a meme token with the utility and stability of BNB, offering a unique opportunity for diversification.
Yes, BNB is the native gas token for the Binance Smart Chain, essential for executing transactions and interacting with smart contracts.
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.
