Frequently Asked Questions
Below are some of the most common questions and answers.
GALA is used within the Gala Games platform for purchasing NFTs, participating in governance, and earning rewards through gameplay.
XRP facilitates near-instant, low-cost international transactions, making it ideal for banks and payment providers seeking efficient liquidity solutions.
GALA can be staked to earn rewards in the Gala Games ecosystem, while XRP does not support staking but is used for transaction fees and liquidity.
Trading GALA/XRP allows exposure to both gaming and financial sectors, leveraging GALA's growth potential and XRP's stability in cross-border payments.
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.
