Frequently Asked Questions
Below are some of the most common questions and answers.
PYTH is used to provide real-time market data and power decentralized oracle networks on the SOL blockchain, enabling secure and reliable DeFi applications.
Holding BNB allows users to pay for transaction fees on the BSC blockchain, participate in staking, and access a wide range of decentralized applications and services.
Yes, PYTH can be traded for BNB directly on supported exchanges that list this trading pair.
BNB is popular due to its utility in the BSC ecosystem, including transaction fee discounts, staking rewards, and its role in powering a vast array of decentralized applications.
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.
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.
