Question 1

What is DEXE used for?

Accepted Answer

DEXE is used for decentralized social trading, allowing users to replicate trades of top-performing investors and earn rewards.

Question 2

Why is BNB popular on the Binance Smart Chain?

Accepted Answer

BNB is popular due to its utility in reducing transaction fees, staking, and powering decentralized applications and DeFi ecosystems.

Question 3

Can I trade DEXE for BNB directly?

Accepted Answer

Yes, you can trade DEXE for BNB on supported decentralized exchanges that list this trading pair.

Question 4

What are the benefits of holding BNB?

Accepted Answer

Holding BNB provides benefits like reduced transaction fees, staking rewards, and access to exclusive token sales on Binance Launchpad.

Question 5

Do I need KYC to use Instaswap? How are transactions secured?

Accepted Answer

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.

Question 6

Is Instaswap decentralized? Does it support centralized (CEX) swaps?

Accepted Answer

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.

Swap DEXE (Ethereum) to BNB (Binance Smart Chain)

Description

Frequently Asked Questions