Question 1

What is the purpose of the MKR token?

Accepted Answer

MKR is used for governance in the MakerDAO ecosystem, allowing holders to vote on proposals and manage the DAI stablecoin.

Question 2

Why is Bitcoin considered a store of value?

Accepted Answer

Bitcoin's limited supply of 21 million coins and its decentralized nature make it a reliable store of value and hedge against inflation.

Question 3

Can I use MKR to earn rewards?

Accepted Answer

Yes, MKR holders can participate in governance and earn rewards by voting on proposals and contributing to the MakerDAO ecosystem.

Question 4

What makes Bitcoin a popular choice for transactions?

Accepted Answer

Bitcoin's global acceptance, security, and low transaction fees make it a preferred choice for cross-border payments and peer-to-peer transactions.

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 MKR (Ethereum) to BTC (Bitcoin)

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