Biswap, a decentralized exchange (DEX) platform that operates on the BNB Smart Chain, offers users the ability to quickly and affordably swap tokens. What sets Biswap apart is its unique approach of not holding user funds and distributing rewards through its BSW coin. By connecting their MetaMask wallets to the BNB Smart Chain, users can access all of Biswap’s features. In this article, we will address two frequently asked questions: What is Biswap (BSW), and how can one purchase Biswap (BSW) with 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 an innovative DEX that operates on the BNB Smart Chain, allowing users 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. By utilizing an automated market maker (AMM) model, Biswap ensures fast transactions and low fees, only charging a minimal transaction fee of 0.2%. Unlike centralized exchanges, Biswap does not hold user funds, making it a secure option for cryptocurrency investors. It also provides various opportunities for users to earn rewards through its referral program, liquidity provision, token staking, and NFT trading.
Biswap’s native asset, BSW, plays a crucial role in the platform’s ecosystem. With a maximum supply of 700 million and an emission rate of 16 BSW per block, BSW is used for transaction fee reimbursements, farming, and staking rewards. Biswap stands out from other DEXs with its three types of referral programs that allow users to earn BSW coins by inviting others to join the platform. Additionally, Biswap has undergone an audit by CertiK, ensuring a high level of security and reliability.
The Biswap exchange enables users to swap BNB Chain tokens with a low fee of 0.2%. Liquidity providers in the platform’s liquidity pools receive LP tokens as incentives, which can be used to earn a portion of the trading fees or be staked in Biswap’s farming. Biswap further enhances its appeal by reimbursing transaction fees in BSW, encouraging users to make swaps.
Biswap’s NFT Marketplace provides a platform for digital art collectors and NFT enthusiasts to trade NFTs with low commission fees. Exclusive 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 and engaging in activities such as liquidity provision, staking, and farming on the platform.
How to Buy Biswap (BSW) with TRY?
For Turkish investors looking to purchase Biswap (BSW), Binance TR is the most suitable cryptocurrency exchange. Binance TR offers a wide range of cryptocurrencies, including BSW, and allows users to buy and sell them quickly after creating an account. The following steps outline the process of buying Biswap (BSW) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is a straightforward process. Visit trbinance.com and follow the steps to “Create Account.” In the first step, you will be required to provide basic information such as your email address, phone number, name, date of birth, nationality, and T.C. identity number.
After providing all the requested information accurately, you will need to undergo email/sms verification to confirm your details. Once this process is completed, you will proceed to the second step, which is identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification is a necessary security procedure that must be completed before engaging in cryptocurrency trading or during the account creation process. This process ensures the safety of both the user and the cryptocurrency exchange. You can perform the verification process either from your phone or through the official Binance TR website. Note that you will need your mobile phone to complete the identity verification process 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 select “Verify.” You will be prompted to scan the QR code that appears using your phone’s camera and continue the process on your phone. If you are unable to scan the QR code, click “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 similar to the one below will appear. Tap on the “Identity” option to proceed.
Then, a screen like the one below will appear. To continue with the verification process, select the appropriate document type.
After selecting the document type, tap on “Upload Front Side” to continue. Take a clear photo of the front side of your ID card or driver’s license, ensuring that all information is easily readable. Then, tap on “Upload Back Side” to take a photo of the back side of the document.
Next, tap on the “Selfie” option. Your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible.
Once you have completed all these steps accurately and thoroughly, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
Depositing TL into your Binance TR account is a simple process that can be done from any bank. You can deposit TL 24/7 and seamlessly trade using your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, or Türkiye Finans accounts. Deposits from other banks can be made 24/7 with 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, hover over the “Wallet” option at the top left of the main page, and click on “Deposit” from the drop-down menu.
On the page that appears, select your preferred bank to continue the deposit process. If your bank is not integrated with Binance TR, choose the “Other Banks” option.
For this example, we will continue with Vakıfbank, but the process is the same for all other banks. When you select Vakıfbank, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST. Use this information to send the desired amount to your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds will automatically appear in your Binance TR account wallet.
How to Buy BSW Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase BSW coins with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
On the next page, enter “BSW” in the search box on the right side and select the BSW/TRY option from the results to proceed to the TL to BSW purchase page.
The BSW trading page will open, where you need to enter the desired 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, marked in red. After entering the relevant information, click on the “Buy BSW” button to complete your purchase.
What is Binance TR?
Binance TR is the official cryptocurrency exchange platform in Turkey, launched by Binance, the world’s largest cryptocurrency exchange by trading volume. Binance TR provides Turkish investors with access to both fiat-to-crypto and crypto-to-crypto trading services. Based in Istanbul and accessible at trbinance.com, Binance TR leverages Binance’s technology, security measures, and liquidity to offer a seamless trading experience. Users can deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY pairs on Binance TR. The platform provides market-leading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all backed by Binance’s core functionalities.
Please note that the information provided in this article does not constitute investment advice. Cryptocurrencies are subject to high volatility and risk, and investors should conduct their own research before making any investment decisions.
