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 AVAX popular in DeFi?

Accepted Answer

AVAX is popular in DeFi due to its fast transaction speeds, low fees, and support for scalable smart contracts on the Avalanche blockchain.

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 makes AVAX unique?

Accepted Answer

AVAX is unique for its high throughput, sub-second transaction finality, and ability to support multiple custom blockchain 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

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 AVAX (Avalance)

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Frequently Asked Questions