Biswap, functioning on the BNB Smart Chain, is a decentralized exchange (DEX) that enables users to exchange tokens swiftly and economically. Distinguishing itself with a 0.2% transaction fee, a referral program, farming, and an NFT marketplace, Biswap does not hold user funds and distributes rewards via its BSW token. By connecting MetaMask wallets to the BNB Smart Chain, users can fully utilize Biswap’s features. This report answers two common queries: What is Biswap (BSW), and how to purchase Biswap (BSW) using Turkish Lira (TRY).
What is Biswap (BSW)?
Biswap is a DEX operating on the BNB Smart Chain, offering users a rapid and cost-effective token swap platform. It boasts a unique referral system, minimal transaction fees, and a variety of products including trading, farming, launch pools, an NFT marketplace, trading contests, and an NFT game. Biswap utilizes an automated market maker (AMM) model for BEP-20 token exchanges, benefiting from fast transactions and low costs. The platform ensures security by not holding user funds and provides opportunities for passive income through liquidity provision, reward programs, and staking.
The primary asset of Biswap, BSW, has a maximum supply of 700 million and an emission rate of 16 BSW per block. BSW is integral to the Biswap ecosystem, facilitating transactions and rewarding participants. It is used for fee reimbursements, farming, and staking rewards.
How to Buy Biswap (BSW) with TRY?
Binance TR is the ideal platform for Turkish investors to purchase Biswap (BSW). Binance TR allows quick transactions for over 100 cryptocurrencies, including BSW, after account creation. Follow these steps to buy Biswap (BSW) with TRY on Binance TR.
Opening an Account on Binance TR
To create an account on Binance TR, visit trbinance.com and follow the “Create Account” instructions. You will need to provide basic information such as your email, phone number, name, date of birth, nationality, and T.C. identity number. Complete email/sms verification and proceed to the identity verification (KYC) step.
Verifying an Account on Binance TR
Identity verification on Binance TR is mandatory before trading. You can complete this process via your phone or the official Binance TR website. Navigate to “Profile” on the website, select “Identity Verification and Limits,” and click “Verify.” Use your phone to scan the QR code or copy the URL to continue verification. Follow on-screen instructions to upload required documents and complete the selfie verification.
Key Insights for Users
Valuable Tips
– Biswap’s 0.2% transaction fee is lower than many other DEXs, making it cost-effective.
– The referral program is a lucrative way to earn additional BSW tokens.
– Connecting MetaMask to BNB Smart Chain is essential to access full features of Biswap.
– Biswap’s NFT marketplace offers low commission rates, beneficial for NFT traders.
To fully utilize Biswap’s features, users must connect their MetaMask wallets to the BNB Smart Chain. This connection enables liquidity addition, participation in farming, and token staking within the Biswap ecosystem. Comprehensive guides are available to assist users in connecting their wallets, adding liquidity, and engaging in staking and farming activities on the platform.