Frequently Asked Questions
Below are some of the most common questions and answers.
IMX is used for trading, staking, and governance on the Immutable X platform, enabling zero-fee NFT transactions and scalable Ethereum-based applications.
Trading IMX for BNB allows users to access Binance Smart Chain's ecosystem, benefiting from lower transaction fees and a wide range of DeFi opportunities.
BNB offers low transaction fees, fast processing times, and utility across Binance Smart Chain, including DeFi, staking, and payment solutions.
IMX operates on Ethereum, but it can be traded for BNB to access Binance Smart Chain's ecosystem through decentralized exchanges or bridges.
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.
