Question 1

What is ENS used for?

Accepted Answer

ENS is used to replace long cryptocurrency wallet addresses with easy-to-remember names, improving user experience and reducing errors in transactions.

Question 2

Why is LTC considered a good payment option?

Accepted Answer

LTC is favored for payments due to its faster block generation time and lower transaction fees, making it efficient for everyday use.

Question 3

Can I use ENS on 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

How does LTC compare to Bitcoin?

Accepted Answer

LTC offers faster transaction confirmations and lower fees than Bitcoin, making it more suitable for smaller, frequent transactions.

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

Instaswap is a non-custodial DEX aggregator: swaps settle on-chain through decentralized liquidity protocols, and we do NOT offer centralized exchange (CEX) swaps, accounts or balances. Funds in transit move under predefined, non-discretionary rules, with your refund address fixed before you deposit.

Swap ENS (Ethereum) to LTC (Litecoin)

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Frequently Asked Questions