Question 1

What is ATOM used for in the Cosmos ecosystem?

Accepted Answer

ATOM is used for staking, governance, and paying transaction fees within the Cosmos network, facilitating interoperability between blockchains.

Question 2

Why is Bitcoin (BTC) considered a store of value?

Accepted Answer

Bitcoin's limited supply of 21 million coins, decentralized nature, and widespread adoption make it a trusted store of value and hedge against inflation.

Question 3

Can I stake ATOM to earn rewards?

Accepted Answer

Yes, ATOM holders can stake their tokens to participate in network validation and earn staking rewards.

Question 4

How does Bitcoin (BTC) ensure security?

Accepted Answer

Bitcoin's security is maintained through its proof-of-work consensus mechanism, which requires significant computational power to validate transactions and secure the network.

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 ATOM (Cosmos) to BTC (Bitcoin)

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Frequently Asked Questions