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.
RUNE acts as the backbone of THORChain, enabling decentralized cross-chain liquidity and allowing users to swap assets across different blockchains without relying on centralized exchanges.
ENS is primarily designed for the Ethereum blockchain, but its naming system can be integrated with other chains through interoperability solutions.
RUNE stands out for its role in enabling decentralized, trustless cross-chain swaps, making it a key player in the DeFi ecosystem for seamless asset interoperability.
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.
