Frequently Asked Questions
Below are some of the most common questions and answers.
DAI is a decentralized stablecoin backed by collateral and pegged to the US dollar, ensuring price stability.
Trading DAI for ETH allows users to access Ethereum's ecosystem while maintaining exposure to a stable asset.
ETH is essential for interacting with Ethereum-based applications, staking, and participating in decentralized finance (DeFi).
Yes, DAI is secured by overcollateralization and decentralized governance, making it a reliable stablecoin.
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.
