Question 1

What is SOL used for?

Accepted Answer

SOL is used for transaction fees, staking, and participating in governance on the Solana blockchain, as well as powering decentralized applications and DeFi projects.

Question 2

Why is ETH valuable?

Accepted Answer

ETH is valuable due to its extensive use in smart contracts, decentralized finance, NFTs, and its position as the foundation of the Ethereum ecosystem.

Question 3

Can I stake SOL and ETH?

Accepted Answer

Yes, both SOL and ETH can be staked to earn rewards, with SOL staking on the Solana network and ETH staking on Ethereum 2.0.

Question 4

What makes the SOL/ETH trading pair popular?

Accepted Answer

The SOL/ETH trading pair is popular due to the strong market presence of both tokens, their utility in DeFi, and their roles in leading blockchain ecosystems.

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

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.

Swap SOL (Solana) to ETH Base

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