Question 1

What is VIRTUAL used for?

Accepted Answer

VIRTUAL is designed for use in decentralized applications, offering utility in governance, staking, and ecosystem participation.

Question 2

Why trade ETH on the ARB blockchain?

Accepted Answer

ETH on ARB benefits from Arbitrum's scalability, enabling faster and cheaper transactions while maintaining Ethereum's security.

Question 3

Is VIRTUAL available on other blockchains?

Accepted Answer

Currently, VIRTUAL is exclusively available on the ETH blockchain.

Question 4

Can I use ETH on ARB for DeFi?

Accepted Answer

Yes, ETH on ARB is widely used in DeFi protocols, offering seamless integration with Arbitrum's ecosystem.

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

Instaswap is a non-custodial DEX aggregator: swaps settle on-chain through decentralized liquidity protocols, and we do NOT offer centralized exchange (CEX) swaps, accounts or balances. Funds in transit move under predefined, non-discretionary rules, with your refund address fixed before you deposit.

Swap VIRTUAL (Ethereum) to ETH Arbitrum

Description

Frequently Asked Questions