Question 1

What is MOVE used for?

Accepted Answer

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

Question 2

Why is SOL popular in the crypto market?

Accepted Answer

SOL is popular due to its high-speed transactions, low fees, and scalability, making it a preferred choice for DeFi and NFT ecosystems.

Question 3

Can I trade MOVE for SOL directly?

Accepted Answer

Yes, you can trade MOVE for SOL directly on supported exchanges that list this trading pair.

Question 4

What are the benefits of using SOL over other blockchains?

Accepted Answer

SOL offers faster transaction speeds, lower fees, and greater scalability compared to many other blockchains, making it ideal for high-performance applications.

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 MOVE (Ethereum) to SOL (Solana)

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Frequently Asked Questions