Question 1

What is WLD used for?

Accepted Answer

WLD is primarily used for decentralized identity solutions and governance within its ecosystem, ensuring privacy and user control.

Question 2

Why trade ETH on the BASE blockchain?

Accepted Answer

ETH on the BASE blockchain benefits from lower transaction fees and faster processing times, ideal for high-frequency trading and dApp interactions.

Question 3

Is WLD compatible with other blockchains?

Accepted Answer

WLD is currently native to the ETH blockchain, but cross-chain compatibility may be explored in the future.

Question 4

What makes ETH on BASE unique?

Accepted Answer

ETH on BASE leverages Layer 2 scaling solutions, offering enhanced performance and cost-efficiency for users and developers.

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 WLD (Ethereum) to ETH Base

Description

Frequently Asked Questions