Frequently Asked Questions
Below are some of the most common questions and answers.
LINK is used to pay for services on the Chainlink network, enabling smart contracts to securely access off-chain data feeds, APIs, and other external resources.
RUNE is essential for securing the THORChain network, providing liquidity, and enabling decentralized cross-chain swaps without relying on centralized intermediaries.
Yes, LINK can be traded for RUNE on supported decentralized exchanges or platforms that integrate THORChain's cross-chain liquidity pools.
The LINK/RUNE pair combines Chainlink's oracle capabilities with THORChain's cross-chain interoperability, offering a powerful combination for decentralized finance applications.
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.
