Question 1

What is ENS used for?

Accepted Answer

ENS is used to map human-readable names like 'yourname.eth' to Ethereum addresses, making transactions easier and more user-friendly.

Question 2

Why is ETH considered valuable?

Accepted Answer

ETH is valuable due to its role in powering the Ethereum network, enabling smart contracts, decentralized apps, and serving as a widely adopted digital asset.

Question 3

Can I use ENS with other blockchains?

Accepted Answer

ENS is primarily designed for the Ethereum blockchain but can be integrated with other chains through cross-chain compatibility solutions.

Question 4

What are the benefits of trading ENS for ETH?

Accepted Answer

Trading ENS for ETH allows users to leverage ENS's usability features while gaining exposure to ETH's liquidity and broader market adoption.

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 (Ethereum)

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Frequently Asked Questions