Question 1

What is ENA used for?

Accepted Answer

ENA is primarily used in DeFi applications, enabling users to participate in yield farming, liquidity provision, and other decentralized financial activities.

Question 2

Why is Bitcoin considered a store of value?

Accepted Answer

Bitcoin's limited supply of 21 million coins, robust security, and decentralized nature make it a reliable store of value and hedge against inflation.

Question 3

Can I trade ENA for BTC directly?

Accepted Answer

Yes, ENA can be traded for BTC on supported exchanges, allowing users to transition between DeFi opportunities and Bitcoin's established market.

Question 4

What are the benefits of holding BTC?

Accepted Answer

Holding BTC provides exposure to a globally recognized asset with high liquidity, strong security, and potential for long-term value appreciation.

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 ENA (Ethereum) to BTC (Bitcoin)

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Frequently Asked Questions