Question 1

What is WLD used for?

Accepted Answer

WLD is used for decentralized governance and utility within its ecosystem, enabling users to participate in decision-making and access platform features.

Question 2

Why choose BCH for transactions?

Accepted Answer

BCH is chosen for its fast transaction speeds, low fees, and scalability, making it suitable for everyday payments and peer-to-peer transfers.

Question 3

Can I trade WLD for BCH directly?

Accepted Answer

Yes, WLD can be traded for BCH on supported exchanges that list this trading pair.

Question 4

Is BCH a good store of value?

Accepted Answer

While BCH is primarily designed for transactions, some users also view it as a store of value due to its strong network and adoption.

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 BCH (Bitcoincash)

Description

Frequently Asked Questions