Question 1

What is the difference between ETH on the ETH blockchain and ETH on the BASE blockchain?

Accepted Answer

ETH on the ETH blockchain is the native token of Ethereum, used for transactions and smart contracts, while ETH on the BASE blockchain is a Layer 2 solution designed for faster and cheaper transactions.

Question 2

Can I transfer ETH between the ETH and BASE blockchains?

Accepted Answer

Yes, you can bridge ETH between the ETH and BASE blockchains using supported protocols or bridges, ensuring seamless asset movement.

Question 3

Why should I trade ETH on the BASE blockchain?

Accepted Answer

Trading ETH on the BASE blockchain offers lower transaction fees and faster processing times, making it ideal for high-frequency trading and DeFi activities.

Question 4

Is ETH on the BASE blockchain as secure as ETH on the ETH blockchain?

Accepted Answer

ETH on the BASE blockchain inherits Ethereum's security while leveraging Layer 2 scaling solutions, ensuring robust security with improved efficiency.

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 ETH (Ethereum) to ETH Base

Description

Frequently Asked Questions