How To Buy Biswap (BSW)?

A common question you often see on social media from crypto beginners is “Where can I buy Biswap?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Biswap (BSW)

First, you will need to open an account on a cryptocurrency exchange that supports Biswap (BSW).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Biswap (BSW) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Biswap (BSW)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Biswap (BSW) or Biswap (BSW) trading pairs. Look for the section that will allow you to buy Biswap (BSW), and enter the amount of the cryptocurrency that you want to spend for Biswap (BSW) or the amount of fiat currency that you want to spend towards buying Biswap (BSW). The exchange will then calculate the equivalent amount of Biswap (BSW) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Biswap (BSW) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Biswap (BSW)?

Biswap (BSW) is a decentralized exchange (DEX) for BEP-20 tokens on Binance Smart Chain (BSC). Biswap promises the lowest transaction fees of any BSC exchange at 0.1% and vows to be committed to innovation in DeFi through its high-quality products and services. Its referral system allows users to invite others and receive referral fees from farms, launch pools, swaps, and a lottery.

Biswap’s core products include the standard DEX functions like an AMM, liquidity pools, yield farming, an NFT marketplace, and an IDO launchpad. In its roadmap, Biswap targets the following:

• Biswap Exchange: Swap tokens with almost zero transaction fees, of which, 90% of fees will be refunded to Return fees balance and 10% will be refunded as Robi Boost which boosts power NFT of brothers in NFT Staking Pools.
• NFT Marketplace: With 1% commission on BSC, NFT auction, commission refund in Robi Boost for more incentives.
• Biswap Launchpool: Allows users to stake BSW to be able to receive tokens from other projects.
• Liquidity: Provide liquidity to get high profit from trading fees.
• Farming: Help users farm liquid pairs with high APY ratio.
• Launchpools: Provide options for staking BSW to get back BSW and other tokens. Or stake other tokens to get BSW back.
• IDO Launchpad: Help new projects raise funds.
• GameFi: Biswap also owns a small game project inspired by Squid Game to create games that attract players and also to increase the use case for BSW.
• NFT Launchpad: Early participation in NFT sales will help players to earn more from playing Squid NFT World.
• NFT Earn: Help users make profit from staking NFT.
• Lottery: Lucky lottery program to increase the entertainment of the protocol.
• Analytics: Analyze in-protocol metrics like liquidity pools, TVL, etc

Furthermore, Biswap announced a $10 million global incentive program to collaborate with other BSC projects. Partners can expect a 90% fee reimbursement, farming pairs with BSW, a launch pool, marketing promotion, and grants for security audits and project development.

Who Are the Founders of Biswap?

Biswap was launched in 2021 and lists a total of 27 team members on its website. The entire team is pseudonymous and are presented on the site only as comic avatars. The CEO is “EK,” a reported crypto veteran with seven years of experience in the space. Almost every member of the Biswap team lists several years of experience in their respective field, although no details are provided. Biswap does not specify any investors it may have.

What Makes Biswap Unique?

First and foremost, Biswap tries to stand out with its lower transaction fees vis-a-vis other decentralized exchanges. For example, Biswap claims that it levies only a 0.1% fee compared to 0.25% on Pancakeswap, 0.3% on Mdex, Apeswap, and other BSC DEXes. 0.05% is returned to liquidity providers as a reward, and 0.05% is used for BSW token burning. Biswap reserves the right to increase this fee in the future and add an allocation to the team. However, it promises to keep the fee lower than the industry average.

Users can participate in transaction fee mining, which means they can receive up to 90% of the 0.1 percent swap charge, depending on the trading pair. They can also help pools by providing liquidity and earning BSW farming incentives. Biswap also features an NFT marketplace, which allows users to buy NFTs with four other cryptocurrencies: BNB, USDT, BUSD, and WBNB. The Biswap lottery is a game in which participants can win “large BSW rewards” by playing. Each user is allowed to buy an unlimited number of tickets, with 80 percent of the proceeds going to the prize pool.

Biswap also has its own NFTs called NFT Earn, consisting of an NFT Launchpad, an NFT Staking Pool, an NFT Boost, and an NFT Level Upgrade. Users can buy so-called “Robi NFTs” and stake or boost them to make a profit.

Finally, Biswap provides an IDO Launchpad that allows other blockchain projects to launch their token through Biswap. The DEX claims it has more than 300,000 active DEX users and incentivizes new projects to participate with its $10 million incentive program.

Biswap development updates in 2023

Biswap (BSW), a decentralized exchange (DEX) on the BNB Chain, has revealed a comprehensive roadmap for 2023 with several key developments and upgrades. Here’s an overview of the most crucial advancements planned for Biswap in 2023:

• Perpetual Trading (ApolloX): In response to market trends and the instability of certain centralized exchanges (CEXs), Biswap aims to introduce decentralized futures trading. This initiative involves leveraging ApolloX’s ready-made solution to offer decentralized futures on the BNB Chain, enhancing trading options on the platform.

• New Lock & Burn Instruments for BSW: Biswap plans to introduce several initiatives to alleviate pressure on the Biswap token price. These proposals, subject to community voting, are designed to benefit long-term BSW token holders by offering opportunities for increased earnings.

• Multi-Lingual Function: Acknowledging the diverse user base, Biswap will introduce multi-lingual support to make the platform more accessible to non-English speaking users. This feature aims to enhance the overall user experience on the platform.

• New AMM Protocol with Concentrated Liquidity: Biswap’s new Automated Market Maker (AMM) protocol represents a technological advancement. It allows Liquidity Providers to focus their capital within specific price intervals, thus optimizing capital efficiency and offering more favorable exchange conditions with reduced slippage.

• Routes Optimization: This feature enhances the process of finding optimal routes for trading pairs. It aims to improve exchange conditions, allowing for larger transactions with minimal slippage and enabling Liquidity Providers to maximize capital utilization and increase rewards from trading fees.

• Biswap Blog for Education and Updates: Biswap places importance on education and staying current, hence the introduction of the Biswap Blog. This platform will serve as a knowledge hub, offering guidance and information on crypto and DeFi.

• Voting Upgrade and User Empowerment: Biswap plans to upgrade its voting system, giving more freedom to users to propose and influence the platform’s development. This approach values community feedback and aims to build a global project with user input.

• Biswap Liquidity Widget: To expand its ecosystem, Biswap intends to create a widget to facilitate token exchanges and enhance trading with Biswap Liquidity. This widget will be available for implementation on third-party products.

• UI/UX Improvements: Biswap is committed to enhancing the comfort and ease of using its platform. Various initiatives throughout the year will focus on improving user experience and simplifying platform interaction.

• Introduction of User-Oriented Tools: Biswap plans to introduce tools like a notification system, users’ dashboard, achievement system, and personal account feature. These tools aim to provide users with more analytical data on their interactions and assets on Biswap, enhancing the overall user experience.

These developments reflect Biswap’s commitment to evolving its platform, focusing on technological advancements, improving user experience, and expanding its ecosystem. The DEX’s primary aim is to build a long-term perspective platform with a unique user-oriented experience, demonstrating their commitment to the community and the broader crypto market​​​​.

Official website: https://biswap.org/

Best cryptocurrency wallet for Biswap (BSW)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Biswap (BSW)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).