Frequently Asked Questions
Below are some of the most common questions and answers.
LINK is used to pay for services on the Chainlink network, which provides decentralized oracles to connect smart contracts with external data sources.
ETH is valuable due to its role in powering the Ethereum blockchain, enabling smart contracts, decentralized applications, and serving as a primary medium of exchange.
Yes, LINK can be traded for ETH directly on various decentralized and centralized exchanges that support this trading pair.
The LINK/ETH pair is popular due to the strong utility of both assets in the DeFi space and their widespread adoption across blockchain ecosystems.
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.
