Frequently Asked Questions

Below are some of the most common questions and answers.

COMP is used for governance within the Compound protocol, allowing holders to vote on proposals and influence the platform's development.

Trading COMP for ETH provides liquidity and access to ETH's extensive use cases, including DeFi, NFTs, and smart contracts.

ETH on BASE benefits from the blockchain's scalability and low transaction fees, making it ideal for high-frequency trading and DeFi activities.

Yes, both COMP and ETH operate on secure, well-established blockchains with robust protocols to ensure safe transactions.

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.

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