Biswap, a decentralized exchange (DEX) running on the BNB Smart Chain, offers users a platform to quickly and affordably swap tokens. With a transaction fee of 0.2%, a referral program, farming options, and an NFT marketplace, Biswap stands out by not holding user funds and distributing rewards through the BSW coin. To fully utilize Biswap’s features, users can connect their MetaMask wallets to the BNB Smart Chain. This article aims to address two main inquiries: What is Biswap (BSW) and how to purchase Biswap (BSW) with TRY.
Contents:
– What is Biswap (BSW)?
– How to Buy Biswap (BSW) with TRY?
– How to Open an Account on Binance TR?
– How to Verify an Account on Binance TR?
– How to Deposit TL on Binance TR?
– How to Buy BSW Coin with TL on Binance TR?
– 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 quickly 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 to facilitate the swapping of BEP-20 tokens on the BNB Smart Chain. Unlike centralized exchanges, Biswap does not hold user funds, making it a secure option for cryptocurrency investors. Users can earn rewards through a referral program, provide liquidity for passive income, stake tokens in farming and launch pools, and participate in NFT trading and staking. The main network asset of Biswap is the BSW coin, with a maximum supply of 700 million and an emission rate of 16 BSW per block. BSW plays a crucial role in the Biswap ecosystem, supporting platform activities and serving as a reward for network participation. It offers various functions, including transaction fee refunds, farming, and staking rewards. Biswap stands out from other DEXs with its unique features, such as three types of referral programs, a comprehensive product suite, and the CertiK audit for enhanced security and reliability.
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 allows the trading of over 100 cryptocurrencies, including BSW, and offers a quick account creation process. To buy Biswap (BSW) with TRY on Binance TR, follow these steps:
1. How to Open an Account on Binance TR?
Opening an account on Binance TR is simple. Visit trbinance.com and proceed from the “Create Account” step. In the first step, you’ll need to provide basic information such as email address, phone number, name, surname, date of birth, nationality, and T.C. identification number.
2. How to Verify an Account on Binance TR?
Account verification on Binance TR is a security measure that needs to be completed before starting cryptocurrency trading and during account creation. You can complete the verification process either from your phone or through Binance TR’s official website. Make sure to have your mobile phone ready for identity verification on the website.
3. How to Deposit TL on Binance TR?
Depositing TL into your Binance TR account is easy. You can deposit and trade TL 24/7 from various banks, including Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. Deposits from other banks can be made 24/7 via FAST for amounts 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 homepage, and click on “Deposit” from the drop-down menu. Select your preferred bank and follow the instructions to complete the transfer.
4. How to Buy BSW Coin with TL on Binance TR?
After depositing money, you can proceed to buy BSW coins with TL by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website. On the following page, use the search box to find “BSW” and click on the BSW/TRY option to go to the TL to BSW purchase page. Enter the desired price and quantity of BSW coins, then click the “Buy BSW” button to complete the purchase.
What is Binance TR?
Binance TR is the official platform launched by Binance, the world’s largest cryptocurrency exchange by trading volume, for cryptocurrency investors in Turkey. 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 deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR. Binance TR provides market-leading spot trading liquidity, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities.
Disclaimer:
The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.
