Frequently Asked Questions

Below are some of the most common questions and answers.

SNX is used to collateralize synthetic assets on the Synthetix platform, enabling decentralized trading of derivatives and exposure to various markets.

DOGE is popular due to its strong community, low transaction fees, and widespread use in tipping, payments, and charitable initiatives.

Yes, you can trade SNX for DOGE on supported exchanges that list this trading pair.

Trading SNX/DOGE allows users to diversify their portfolio by combining exposure to decentralized finance (DeFi) with a widely recognized and community-driven cryptocurrency.

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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