Frequently Asked Questions

Below are some of the most common questions and answers.

SNX is used to mint and trade synthetic assets on the Synthetix platform, providing exposure to various financial markets.

ETH is valuable due to its role in powering decentralized applications, smart contracts, and its widespread adoption in the blockchain ecosystem.

Yes, SNX can be traded for ETH directly on supported exchanges or decentralized platforms.

BASE is a Layer 2 blockchain built on Ethereum, designed to offer faster and cheaper transactions while maintaining Ethereum's security.

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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