Question 1

What is the advantage of trading USD1 for BTC?

Accepted Answer

Trading USD1 for BTC allows users to transition from a stable asset to Bitcoin, leveraging BTC's potential for long-term growth while minimizing short-term volatility.

Question 2

Is USD1 pegged to the US dollar?

Accepted Answer

Yes, USD1 is a stablecoin pegged 1:1 to the US dollar, ensuring price stability and reliability for traders.

Question 3

Why is BTC considered a strong investment?

Accepted Answer

BTC's limited supply, decentralization, and global recognition make it a resilient asset with strong long-term value potential.

Question 4

Can I use USD1 for transactions outside trading?

Accepted Answer

Yes, USD1 can be used for payments, remittances, and other financial activities, benefiting from fast and low-cost Ethereum transactions.

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 USD1 (Ethereum) to BTC (Bitcoin)

Description

Frequently Asked Questions