Frequently Asked Questions
Below are some of the most common questions and answers.
NEXO is used for earning interest on crypto assets, accessing instant loans, and receiving cashback rewards within the Nexo platform.
DOT is unique for its role in enabling cross-chain interoperability and supporting decentralized applications on the Polkadot network.
Yes, NEXO can be staked to earn rewards and access additional benefits within the Nexo ecosystem.
DOT facilitates interoperability by connecting multiple blockchains through Polkadot's relay chain, enabling seamless data and asset transfers.
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.
