Question 1

What is NEXO used for?

Accepted Answer

NEXO is a utility token that provides benefits such as earning interest on crypto holdings, accessing instant crypto-backed loans, and receiving cashback rewards.

Question 2

What makes ATOM unique?

Accepted Answer

ATOM is the native token of the Cosmos network, designed to enable blockchain interoperability and support scalable, decentralized applications.

Question 3

Can I stake ATOM?

Accepted Answer

Yes, ATOM can be staked to secure the Cosmos network and earn staking rewards.

Question 4

How does NEXO benefit traders?

Accepted Answer

NEXO offers traders benefits like earning interest on idle assets, accessing liquidity through loans, and receiving cashback on transactions.

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 NEXO (Ethereum) to ATOM (Cosmos)

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Frequently Asked Questions