Question 1

What is FDUSD?

Accepted Answer

FDUSD is a stablecoin on the Ethereum blockchain designed to maintain a 1:1 peg with the US dollar, providing stability for trading and DeFi use cases.

Question 2

What is DOT used for?

Accepted Answer

DOT is the native token of the Polkadot network, used for governance, staking, and bonding to secure the network and enable cross-chain interoperability.

Question 3

Why trade FDUSD for DOT?

Accepted Answer

Trading FDUSD for DOT allows users to access Polkadot's ecosystem while leveraging the stability of a USD-pegged asset for risk management.

Question 4

Is DOT a good investment?

Accepted Answer

DOT's value is tied to its utility in the Polkadot ecosystem, making it a promising asset for those interested in cross-chain technology and decentralized applications.

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 FDUSD (Ethereum) to DOT (Polkadot)

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Frequently Asked Questions