Frequently Asked Questions
Below are some of the most common questions and answers.
INJ is used for governance, staking, and as a deflationary asset within the Injective Protocol ecosystem.
Holding BNB provides benefits such as reduced trading fees, staking rewards, and access to various Binance Smart Chain services.
Yes, INJ can be staked to earn rewards and participate in securing the Injective Protocol network.
Yes, BNB is used to pay for gas fees on the Binance Smart Chain, making it essential for transactions and smart contract interactions.
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.
