Question 1

What is SHIB?

Accepted Answer

SHIB is a meme-based cryptocurrency on the Ethereum blockchain, known for its strong community and speculative appeal.

Question 2

What is SOL used for?

Accepted Answer

SOL is the native token of Solana, used for transactions, staking, and powering decentralized applications on its high-speed blockchain.

Question 3

Why trade SHIB for SOL?

Accepted Answer

Trading SHIB for SOL allows users to diversify into a high-performance blockchain token with strong utility and growth potential.

Question 4

Is SOL a good investment?

Accepted Answer

SOL is considered a strong investment due to its technological advantages, growing ecosystem, and widespread adoption in the blockchain space.

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 SOL (Solana)

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