Question 1

What is MOVE used for?

Accepted Answer

MOVE is primarily used for decentralized applications, enabling fast and cost-effective transactions on the ETH blockchain.

Question 2

Why trade MOVE for BCH?

Accepted Answer

Trading MOVE for BCH allows users to leverage BCH's scalability and low transaction fees for everyday payments and peer-to-peer transfers.

Question 3

Is BCH a good store of value?

Accepted Answer

BCH is designed primarily for transactions and payments, making it more suitable for utility than long-term value storage.

Question 4

How secure is the MOVE token?

Accepted Answer

MOVE benefits from the security of the ETH blockchain, ensuring robust protection against fraud and unauthorized access.

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 MOVE (Ethereum) to BCH (Bitcoincash)

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