Question 1

What is ENS used for?

Accepted Answer

ENS is used to map human-readable names like 'yourname.eth' to cryptocurrency addresses, simplifying transactions and improving user experience.

Question 2

Why trade ETH on the ARB blockchain?

Accepted Answer

ETH on the ARB blockchain provides faster transaction speeds and lower fees compared to Ethereum mainnet, making it suitable for high-frequency trading and DeFi activities.

Question 3

Is ENS compatible with all wallets?

Accepted Answer

ENS is compatible with most Ethereum-based wallets, allowing users to integrate it seamlessly for easier address management.

Question 4

What are the benefits of using ARB for ETH transactions?

Accepted Answer

ARB's layer-2 scaling solution reduces congestion and costs, enabling efficient and cost-effective ETH transactions for users and developers.

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 ENS (Ethereum) to ETH Arbitrum

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Frequently Asked Questions