Question 1

What is TRUMP on the SOL blockchain?

Accepted Answer

TRUMP is a meme token built on the Solana blockchain, known for its fast transactions and low fees, catering to traders interested in speculative assets.

Question 2

Why trade BTC as the buy asset?

Accepted Answer

BTC is the most established cryptocurrency, offering stability, liquidity, and widespread acceptance as a digital store of value.

Question 3

Is the TRUMP/BTC pair suitable for beginners?

Accepted Answer

This pair is better suited for experienced traders due to the volatility of meme tokens like TRUMP and the speculative nature of such trades.

Question 4

What are the risks of trading TRUMP/BTC?

Accepted Answer

The primary risks include high volatility, potential liquidity issues with TRUMP, and market fluctuations affecting BTC's value.

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 TRUMP Solana to BTC Bitcoin

Description

Frequently Asked Questions