Question 1

What is INJ used for?

Accepted Answer

INJ is used for governance, staking, and fee discounts within the Injective Protocol ecosystem, enabling decentralized trading and DeFi applications.

Question 2

Why trade INJ for BCH?

Accepted Answer

Trading INJ for BCH allows users to diversify their portfolio, leveraging INJ's DeFi capabilities and BCH's utility as a fast, low-cost payment solution.

Question 3

What are the advantages of BCH?

Accepted Answer

BCH offers faster transaction speeds and lower fees compared to Bitcoin, making it suitable for everyday transactions and micro-payments.

Question 4

Is this trading pair available on decentralized exchanges?

Accepted Answer

Yes, this trading pair is available on certain decentralized exchanges that support cross-chain swaps between Ethereum and Bitcoin Cash networks.

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

Instaswap is a non-custodial DEX aggregator: swaps settle on-chain through decentralized liquidity protocols, and we do NOT offer centralized exchange (CEX) swaps, accounts or balances. Funds in transit move under predefined, non-discretionary rules, with your refund address fixed before you deposit.

Swap INJ (Ethereum) to BCH (Bitcoincash)

Description

Frequently Asked Questions