Frequently Asked Questions
Below are some of the most common questions and answers.
MKR is primarily used for governance in the MakerDAO ecosystem, allowing holders to vote on proposals and manage the DAI stablecoin system.
BNB is popular due to its utility in paying transaction fees, staking, and accessing a wide range of decentralized applications on the Binance Smart Chain.
Yes, MKR can be traded for BNB directly on supported decentralized exchanges or platforms that list this trading pair.
Holding BNB offers benefits such as reduced transaction fees, access to exclusive token sales, and participation in staking and governance within the Binance ecosystem.
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.
