According to the InstaSwap website:
InstaSwap is a Non-Custodial Exchange Platform that allows users to exchange directly at a market price within minutes. As a privacy-focused platform, your personal data are safe and never shared. Keeping your anonymity intact.
InstaSwap claims to have a transparent fee and according to their diagram, a crypto swap goes through the following steps:
- You have to transfer funds to your InstaSwap wallet
- InstaSwap finds the best rate on the market for your desired swap
- InstaSwap does the exchange – hence the name Swap
- InstaSwap charges a 0.4% fee from the final amount
- Fund are transferred to the desired wallet.
The process is easy to understand because it reminds the old process of physical exchange of fiat currencies.
Some of the businesses with which the aforementioned website has already associated with include Magnum Wallet, ZCore Cash, Creamcoin “Crypto News”, ZelCore Wallet.
While the service currently allows exclusively the swap between various pairs of cryptocurrencies, the Instaswap website mentions plans to introduce solutions to use Mastercard and Visa cards in the near future.
At the moment, InstaSwap support 38 cryptocurrencies, starting with the most famous, Bitcoin, Ethereum, Ripple and Litecoin, but trying to pave the way into lesser-known projects, that promise a great future, such as FootballCoin, the first fully based blockchain football manager browser game.