Biswap is a global decentralized exchange that launched in May 2021 for swapping BEP-20 tokens, yield farming, and liquidity mining on the BNB chain network. The DEX serves as the first decentralized exchange on the BNB chain offering a third-referral system with the lowest transactions in the platform and an overall DEX industry of 0.2 % per swap. It guarantees superior speed as the second largest decentralized exchange on the BNB chain where its users can trade, farm, and take part in their $10 million incentive program. Users also access the launch pool, a new multi-reward pool, initial dex offering (IDO), fixed staking, the referral program, the lottery, and an NFT marketplace. The DEX has an official token, BSW, for various use cases on the DEX. Try Biswap DEX now, or continue below to learn more.
The lowest trading fee among Decentralized Exchanges, only 0.1%.CryptoLists.com
Background & Overview
Biswap exchange enables users to trade crypto on the BNB Smart Chain facilitated by its own BSW official token that has a variety of use cases on the exchange. It has a distinct Multi-type Referral Program with the lowest trading fee of 0.2% and an assortment of products and services that attract users and potent projects. It offers a trading platform, farms, launch pools, an NFT marketplace, fixed staking, trading competitions, and an NFT game. It provides liquidity mining where users can provide liquidity to any pool of the BiSwap exchange. The yield farming is in more than 50 farms where users stake their LP tokens and earn rewards. Its launch pool enables users to earn more BSW coins and other cryptos by staking BSW in launch pools on Biswap. Certik has audited the Biswap exchange which gives it enhanced credibility.. It has strategic partnerships with Binance, LaunchZone, BetFury, Alpaca, and others.
The Biswap company initiated the Global Incentive Program with a $10,000,000 fund for projects on the BNB chain. The incentive program offers up to 50% Fee Reimbursement to encourage users to swap tokens on Biswap. Users can utilize the fee reimbursement for liquidity supply, burn/buyback, and project development. Users can also earn 75% of fees as a liquidity provider.
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Advantages at Biswap DEX+ It offers a high LP reward of 0.15% from each trade to encourage liquidity providers.
+ It has the lowest exchange fee in the DeFi space at 0.2%.
+ It has a 50% trade fee reimbursement in BSW tokens.
+ There is a multi-type referral program with a 20% commission reward after they make a swap.
+ Biswap has farms that issue a high APY with some offering over 600.
+ It has certik audit certification to enhance its credibility in the crypto realm.
Disadvantages- Totally anonymous, it's not even clear where Biswap DEX is located.
- Not regulated, anywhere in the world.
- It is a relatively new exchange having launched in May 2021.
- The exchange is exclusively designed for coins on the BNB chain
- You can only deposit using crypto since it's a DEX.
KYC & Registration
Biswap registration is fairly simple as it is a decentralized exchange. Users must install their wallet, such as MetaMask, to their browser and connect it to Biswap. First, you must add the Binance Smart Chain network as most wallets generate an Ethereum address by default. You can confirm this as your wallet will have units denominated in BNB. Head over to the Biswap homepage and click on 'connect wallet' at the top right side of the page and connect to start trading.
Businesses and corporates can utilize Biswap services via wallets supporting business accounts such as Metamask, and Trust Wallet. Businesses can also engage Biswap by applying for its Biswap Business Partnership to promote their DeFi project on the Biswap platform.
Biswap does not offer leverage options for crypto. You can only trade what is available in your wallet.
Costs▪ Rated at 10/10
The Biswap exchange is an automated market maker for swapping tokens on the BNB Smart Chain. Users incur a 0.2% fee when trading that is distributed as follows. Biswap gives back part of the transaction fee of up to 50% to its users through its native BSW tokens. Users also incur a 1% commission fee when trading NFTs on the Biswap NFT marketplace.
Deposit MethodsBelow you can see a list of the deposit methods available on Biswap DEX. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
Since Biswap is a DEX, they don't accept any fiat money transfers. But users can utilize cryptocurrencies for deposits conveniently via their wallets. These crypto include BNB, AAVE, ADA, AIRT, ALPACA, ALU, AOG, APE, ATOM, AUTO, AVAX, AXS, BAKE, BAT, BCH, BFG, BIFI, bMVL, BNX, BSC-EPK, BSW, BTCB, BTT, BUSD, C98, CAKE, CEEK, DAI, DAR, DOGE, DOME, DOT, DPET, EGLD, EOS, ETC, ETH, EXOS, FARA, FEG, FIL, FTM, GAL, GALA, GHNY, GMT, GQ, GST, HOTCROSS, LINK, LTC, LZ, MANA, MATIC, MBOX, MLS, MOO, NEAR, ONE, PAE, pBNB, RACA, RBP, REEF, SAND, SFP, SHIB, SOL, SRBP, SUSHI, SXP, TENFI, THG, TKO, TMT, TONCOIN, TPT, TRX, TUSD, TWT, ULAND, UNI, USDC, USDT, VET, WATCH, WBNB, WIN, WOO, XLM, XRP, XVS, and ZIL. Read more about the deposit methods at Biswap DEX here.
Platforms▪ Rated at 10/10
Biswap offers users a user-friendly interface via its website with its homepage having a pleasing background with its products well highlighted. The home page showcases a prompt where users can begin trading. It highlights the appealing low exchange fees and the fee reimbursement of 50%. The top of the page indicates a bar on accessing Trade, Earn, Win, NFT, More, and Biswap Products. Trade is for exchange and liquidity, Earn for Farms, Launchpools, Multi-reward pools, IDO, fixed staking, and the referral program. The Win is for competitions while NFT accesses the NFT launchpad and NFT earnings. "More" showcases details on Biswap including the team, documents, and the $10 million incentive program. The Biswap products reveal the marketplace and GameFi. At the top right side of the page, users can connect their wallets to Biswap. All the items are clear to see for smooth navigation for its users.
Automated Trading and Copy Trading
Unfortunately, like most DEXs, there is no copytrade an no autotrade feature built into the site at present.
Languages supportedThe following language is supported on Biswap DEX:
Broker Support▪ Rated at 9/10
Biswap launched Intercom to offer live support to its customers. This enables users to receive a prompt response to queries from official Biswap Admins. The Intercom also avoids scammers that impersonate the official Admins while offering effective resolutions to queries. It is accessible via the Biswap website where it also offers informative articles via Biswap Zendesk to answer common questions through the FAQ section.
Since its launch, the Biswap exchange has accumulated a huge social media following with its Official Twitter page having over 321.4 K active followers. It is also accessible through Telegram, Youtube, and Instagram.
Other Names for Biswap DEX
Biswap DEX is or has also been known under the following names: Biswap Decentralized Exchange
Where can I register for Biswap DEX?
The best way is to open an account here and if you have any further questions you can get in touch with their support directly.
Is Byswap and Bisewap the same site as Biswap?
No, Biswap.org is the only official DEX that is connected with the BSW token and where Binance Labs invested.
Is Biswap a reliable site?
Yes, it is. The exchange has received Certik audit certification and is amongst the top 10 exchanges receiving an award in Binance's Most Valuable Builder II (MVBII) awards.
Who is the CEO of Biswap?
The figurative name for Bishop's CEO is Ek Ek, which indicates that he prefer to be anonymous.
How to buy Biswap (BSW) token?
Go to Biswap and select "exchange". You need to have a suitable cryptocurrency in your wallet, such as BNB or BUSD in order to trade with the Biswap token.
Can I trade Biswap's token at Uniswap?
No, Biswap runs on BNB and doesn't support the Ethereum blockchain or the Polygon blockchain that are two of the most used ones on Uniswap. So it's currently not possible to trade Biswap's token there. But you can easily transfer money to your Biswap account and get started that way.
Where can I buy the Biswap token?
The Biswap utility token is available on the following exchanges:
Which wallets can you use on Biswap?
Binance Chain Wallet
Is Biswap available in multiple languages?
It's is only available in English at the moment.
How to buy NFTs on Biswap Marketplace?
Users can use BSW, WBNB, USDT, and BUSD cryptocurrencies to buy NFTs.
History of Biswap DEX
2021: The Biswap platform was launched in May 2021 on the BNB chain (then known as Binance Smart Chain).
2022: To celebrate their one year anniversay, Biswap gave out $5000 in BSW.
Instruments available▪ Rated at 9/10
Crypto CurrenciesBNB, BUSD, USDT, USDC, DOGAI/USDT, BTCB, BSW, BFG, ADA, AIRT, ALPACA, ALPHA, ALU, MMT/ETH, ATOM, MLS/USDT, AUTO, TON/USDT, AVAX, AXS, BABYDOGE, BAKE, BCOIN, BEL, BELT, BIFI, BIN, BMON, BNX, BSC-EPK, BTT, BUNNY, C98, CAKE, CBT, CCAR, CGAR, COOKIES, CPAN, CRACE, DOGE, DPET, ELMON, EOS, FARA, FEG, FIL, FTM, GALA, HERO, HOTCROSS, KALA, KEY, LINK, LIQ, LOA, LTC, LZ, LZP, MATIC, MBOX, MOO, NABOX, NEAR, ONE, PCT, PEARL, RABBIT, REEF, RGOLD, SFP, SHIB, SKILL, SOL/ADA, SOL/ALPACA, SOL/APE, SOL/BAKE, SOL/BAT, SOL/BCH, SOL/BNB, SOL/BSW, SOL/BUSD, SOL/CAKE, SOL/DOGE, SOL/DOT, SOL/EGLD, SOL/ETC, SOL/ETH, SOL/FIL, SOL/FTM, SOL/GAL, SOL/GMT, SOL/LINK, SOL/MANA, SOL/NEAR, SOL/ONE, SOL/SAND, SOL/SHIB, SOL/SUSHI, SOL/TON, SOL/UNI, SOL/VET, SPS, SUSHI, SXP, TBL, TENFI, THG, TKO, TMT, TONCOIN, TPT, TRX, TUSD, TWT, UDO, ULAND, UNI, USDC, UST, VAI, WANA, WATCH, WBNB, WEX, WIN, XPS, XRP, XVS, ZIL, ZOO, ZOON, BNB/BSW, ADA/BSW, AIRT/BSW, ALPACA/BSW, BNB/BUSD, ADA/BUSD, AIRT/BUSD, ALPACA/BUSD, AXS/BNB, AXS/BSW, AXS/USDT, AXS/USDC, CAKE/BSW, CAKE/BNB, CAKE/BUSD, DAI/BSW, DAI/BNB, ATOM/BSW, ATOM/BNB, ATOM/BUSD, BAKE/BSW, BAKE/BUSD, BIFI/BSW
›› Sign up at Biswap DEX here
Screenshots from Biswap DEX
Related coin? Learn more about BSWThe Biswap Token is the coin that is used on Biswap DEX, so it's worth reading more about it on our review page.
›› Read our full Biswap Token review here
Enjoy rewarding yield farming and exchanging with super low fees for cryptocurrencies.
Related blockchain? Learn more about BNB ChainBNB Chain is the blockchain that Biswap DEX is based on, so it's worth reading more about it below.
BNB blockchain, formerly known as Binance Smart Chain (BSC) and Binance Chain, has merged the two past chains in an attempt to become more decentralized. BNB chain has the appropriate architecture to empower its users to build decentralized applications and assets on one blockchain. Binance came to the scene in 2017. It later produces the Binance Smart Chain in May, 2020. The chain is smart contract compatible, and it has increased functionality for developers building solutions. BNB chain use the Binance Bridge to facilitate the cross-chain conversion of assets and are backed by tokens...
›› Read our full BNB Chain review here
BNB Chain is the evolution of the Binance Smart Chain (BSC) and Binance Chain.
Read the Biswap DEX Terms and Conditions here.
Biswap DEX Review Published: Saturday, 12 Feb 2022 6:41 pm
Last Updated: Thursday, 9 Nov 2023 11:44 am