Biswap Provides Swift and Costeffective Token Swaps on BNB Smart Chain

Biswap, a decentralized exchange (DEX) built on the BNB Smart Chain, offers users a platform for fast and affordable token swaps. Setting itself apart from other exchanges, Biswap does not hold user funds and instead distributes rewards through its native BSW coin. By connecting their MetaMask wallets to the BNB Smart Chain, users can fully utilize Biswap’s features, including a referral program, farming, and an NFT marketplace. In this article, we will explore what Biswap (BSW) is and how to buy it using TRY.
Table of Contents
1. What is Biswap (BSW)?
2. How to Buy Biswap (BSW) with TRY?
3. How to Open an Account on Binance TR?
4. How to Verify an Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy BSW Coin with TL on Binance TR?
7. What is Binance TR?
What is Biswap (BSW)?
Biswap is a decentralized exchange (DEX) operating on the BNB Smart Chain, providing users with a platform to easily and affordably swap tokens. It offers a range of products and services, including trading, farming, launch pools, an NFT marketplace, trading competitions, and an NFT game. Biswap utilizes an automated market maker (AMM) model on the BNB Smart Chain, benefiting from fast transaction speeds and low costs. With a minimum transaction fee of 0.2%, Biswap ensures secure and cost-effective trading for cryptocurrency investors. Users can earn rewards through the referral program, provide liquidity for passive income, stake tokens in farming and launch pools, and participate in NFT trading and staking. The platform’s main network asset, BSW, plays a vital role in facilitating platform activities and serving as a reward for network participation. It supports various functions such as transaction fee refunds, farming, and staking rewards. Biswap stands out from other DEXs with its unique features, including three types of referral programs that allow users to earn BSW coins by inviting others to the platform. The platform also offers a comprehensive product suite, encompassing a DEX with low transaction fees, farming and staking options, a lottery, launchpad pools, an NFT marketplace, an NFT launchpad, and an NFT staking pool. Additionally, Biswap has undergone auditing by CertiK to ensure high levels of security and reliability. The Biswap exchange enables users to swap BNB Chain tokens with a low fee of 0.2%. Liquidity pools provided by liquidity providers allow users to trade and earn LP tokens as incentives, which can be used to earn a portion of trading fees or be staked in Biswap’s farming. The platform also encourages swaps by refunding transaction fees in BSW, making it even more appealing to users. Biswap’s NFT Marketplace provides a platform for digital art collectors and NFT enthusiasts to trade NFTs with minimal commission fees. Special NFT auctions and the unique Biswap NFT Collection offer additional opportunities for users. The NFT Launchpad allows users to purchase and stake Robbies NFTs in the NFT Staking Pool, earning rewards based on their Robi Boosts. To make the most of Biswap’s features, users need to connect their MetaMask wallets to the BNB Smart Chain. Once connected, users can add liquidity, participate in farming, and stake tokens within the Biswap ecosystem. Detailed guides are available to assist users in connecting their wallets, adding liquidity, and participating in staking and farming activities on the platform.
How to Buy Biswap (BSW) with TRY?
Binance TR is the ideal cryptocurrency exchange for Turkish investors looking to purchase Biswap (BSW). With over 100 cryptocurrencies available for trading, including BSW, Binance TR offers quick account creation. Follow these steps to buy Biswap (BSW) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is a simple process. Visit trbinance.com and proceed to the “Create Account” step. In the first step, you’ll be asked to provide basic information such as your email address, phone number, name, surname, date of birth, nationality, and T.C. identification number.
After entering the required information accurately, you’ll need to undergo email/SMS verification to confirm your details. Once this process is complete, you can proceed to the second step, which is identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a necessary security measure that must be completed before engaging in cryptocurrency trading or during the account creation process. You can complete the verification process either through your phone or Binance TR’s official website. Note that you’ll need your mobile phone for identity verification on the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” You’ll then need to scan the QR code that appears using your phone’s camera and continue the process on your phone. If you’re unable to scan the QR code, you can click on “Copy URL” to receive the identity verification address via SMS on your phone.
Once you enter the address on your phone or scan the QR code, a screen will appear prompting you to continue. Tap on “Identity” to proceed.
Next, you’ll see a screen where you can choose the document type that suits you. Select the appropriate document type and tap on “Upload Front” to continue. Take a clear photo of the front of your ID card or driver’s license, then tap on “Upload Back” to take a photo of the back of the document. Ensure that the images are legible and easily readable.
Afterward, tap on “Selfie” to continue. Your phone’s front camera will open, and you’ll need to scan your face. Make sure your face fills the camera area as much as possible.
Once you’ve accurately completed all these steps, your identity verification process will be finalized shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from any bank. Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts allow you to deposit and trade TL 24/7. Deposits from other banks can be made 24/7 via FAST, up to 50,000 TL. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, go to trbinance.com and hover over the “Wallet” option at the top left of the homepage. Then, click on “Deposit” from the drop-down menu.
A page will open where you can continue the deposit process by selecting your preferred bank. If your bank is not integrated with Binance TR, click on “Other Banks” to proceed.
In this example, we’ll continue with Vakıfbank, but the process is the same for all other banks. When you select Vakıfbank, you’ll see an account name and IBAN address where you can make a transfer, EFT, or FAST. Simply use the information displayed on the bank’s page to transfer the desired amount into your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer, the funds will automatically appear in your Binance TR account wallet.
How to Buy BSW Coin with TL on Binance TR?
After depositing money, you can proceed to purchase BSW coins with TL by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
Upon clicking this option, you’ll be directed to the following page. In the search box on the right side of the page, type “BSW” and select the BSW/TRY option from the results to access the TL to BSW purchase page.
Now, the BSW trading page will appear. In the red-marked area, enter the price at which you want to buy BSW in the first box, and the quantity of BSW you wish to purchase in the second box. After inputting the required information, click the “Buy BSW” button to complete your purchase.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched Binance TR, its platform for Turkish cryptocurrency investors, in 2020. Headquartered in Istanbul, Binance TR can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs on Binance TR.
Users on Binance TR gain access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls, all backed by Binance’s core functionalities.
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Disclaimer: The information provided in this article is not investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry associated risks. It is recommended to conduct thorough research before making any investment decisions.