Question 1

What is SHIB?

Accepted Answer

SHIB is a meme-based cryptocurrency on the Ethereum blockchain, known for its active community and low-cost transactions.

Question 2

Why trade SHIB for BTC?

Accepted Answer

Trading SHIB for BTC allows users to diversify their portfolio by converting a meme coin into a more established and widely accepted cryptocurrency.

Question 3

What makes BTC a strong buy asset?

Accepted Answer

BTC is considered a reliable store of value due to its limited supply, widespread adoption, and role as a hedge against inflation.

Question 4

Is SHIB a good investment?

Accepted Answer

SHIB's value is highly speculative and driven by community sentiment, making it a high-risk, high-reward investment option.

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 SHIB (Ethereum) to BTC (Bitcoin)

Description

Frequently Asked Questions