Frequently Asked Questions

Below are some of the most common questions and answers.

SNX is used to mint synthetic assets (synths) on the Synthetix platform, allowing users to gain exposure to various assets like cryptocurrencies, commodities, and fiat currencies.

LTC is popular for transactions due to its faster block generation time and lower fees compared to Bitcoin, making it ideal for everyday payments.

Yes, SNX can be traded for LTC on supported exchanges that list the SNX/LTC trading pair.

LTC's scarcity, established network, and strong community support make it a reliable store of value, similar to Bitcoin but with faster transaction capabilities.

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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