Frequently Asked Questions
Below are some of the most common questions and answers.
CAKE is primarily used for staking, yield farming, and participating in decentralized finance (DeFi) applications on the ETH blockchain.
BNB is valuable due to its utility in paying transaction fees, staking, and participating in token launches on the BSC blockchain, as well as its role in cross-chain interoperability.
Yes, CAKE can be traded for BNB directly on supported exchanges that offer this trading pair.
Holding BNB provides benefits such as reduced transaction fees, access to exclusive token sales, and opportunities for staking rewards on the BSC 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.
