Frequently Asked Questions
Below are some of the most common questions and answers.
Bonk is a meme-inspired token on the Ethereum blockchain, designed to engage the crypto community with its playful branding and speculative appeal.
Trading Bonk for ETH allows users to leverage the speculative potential of Bonk while gaining exposure to Ethereum's established and versatile ecosystem.
ETH is used for powering decentralized applications, executing smart contracts, and facilitating transactions within the Ethereum network, making it a cornerstone of the blockchain ecosystem.
Yes, Bonk is considered a high-risk asset due to its meme-inspired nature and potential for significant price volatility, making it suitable for speculative traders.
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.
