Question 1

What is MNT used for?

Accepted Answer

MNT is primarily used for DeFi applications, cross-chain transactions, and as a utility token within the ETH ecosystem.

Question 2

Why trade MNT for BCH?

Accepted Answer

Trading MNT for BCH allows users to leverage BCH's scalability and low transaction costs for peer-to-peer payments and other use cases.

Question 3

Is BCH a good store of value?

Accepted Answer

While BCH is designed for fast and low-cost transactions, its value as a store of value depends on market conditions and adoption.

Question 4

Can I use MNT outside the ETH blockchain?

Accepted Answer

Yes, MNT supports cross-chain interoperability, enabling its use across multiple 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

Instaswap is a non-custodial DEX aggregator: swaps settle on-chain through decentralized liquidity protocols, and we do NOT offer centralized exchange (CEX) swaps, accounts or balances. Funds in transit move under predefined, non-discretionary rules, with your refund address fixed before you deposit.

Swap MNT (Ethereum) to BCH (Bitcoincash)

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