Question 1

What is KCS used for?

Accepted Answer

KCS is used for reduced trading fees, staking rewards, and accessing exclusive features on the KuCoin platform.

Question 2

Why is ETH valuable on the ARB blockchain?

Accepted Answer

ETH on the ARB blockchain benefits from enhanced scalability and lower transaction costs, making it ideal for DeFi and dApp use cases.

Question 3

Can I stake KCS?

Accepted Answer

Yes, KCS can be staked to earn rewards and participate in the KuCoin ecosystem.

Question 4

What advantages does ETH on ARB offer over other blockchains?

Accepted Answer

ETH on ARB provides faster transactions, lower fees, and seamless integration with Ethereum's ecosystem, making it a preferred choice for developers and users.

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 KCS Ethereum to ETH Arbitrum

Description

Frequently Asked Questions