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 real-world assets like currencies, commodities, and cryptocurrencies.
ATOM is unique for its role in enabling cross-chain communication and scalability through the Cosmos SDK and Inter-Blockchain Communication (IBC) protocol.
Yes, ATOM can be staked to secure the Cosmos Hub network and earn staking rewards while participating in governance decisions.
SNX's value is tied to the growth of the Synthetix ecosystem, making it appealing for those interested in decentralized finance (DeFi) and synthetic asset trading.
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.
