Frequently Asked Questions

Below are some of the most common questions and answers.

NEXO is used for accessing crypto-backed loans, earning interest on deposits, and receiving cashback rewards on the Nexo platform.

ETH on the BASE blockchain offers fast transactions, low fees, and seamless integration with decentralized applications and smart contracts.

No, NEXO is not a stablecoin; it is a utility token designed to provide benefits within the Nexo ecosystem.

Yes, ETH on the BASE blockchain is widely used in DeFi applications, including lending, borrowing, and decentralized exchanges.

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.

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