Frequently Asked Questions
Below are some of the most common questions and answers.
ENS is used to convert complex Ethereum wallet addresses into easy-to-remember names, improving user experience and reducing errors in transactions.
BNB is popular due to its utility in paying transaction fees, staking, and participating in decentralized finance (DeFi) and NFT projects on the Binance Smart Chain.
ENS is primarily designed for Ethereum, but its integration with other blockchains is possible through cross-chain solutions.
Holding BNB offers benefits like discounted trading fees on Binance, staking rewards, and access to exclusive token sales and DeFi opportunities.
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.
