Frequently Asked Questions
Below are some of the most common questions and answers.
Trading DYDX for XRP allows users to transition from a DeFi-focused asset to a widely adopted payment solution, leveraging XRP's speed and low transaction costs.
DYDX holders can vote on protocol upgrades and fee structures, giving them direct influence over the decentralized exchange's future.
XRP settles transactions in seconds with minimal fees, making it ideal for institutions and individuals needing efficient global payments.
DYDX offers staking rewards for liquidity providers, while XRP does not natively support staking but can be used in liquidity pools or lending platforms.
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.
