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Cryptocurrency Forensics 🚀🌑

Biswap DEX web

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Biswap Website Review

Biswap is a decentralized exchange (DEX) specifically developed as a means of enabling users to swap tokens that are developed on top of the BNB Smart Chain.

This means that all of the tokens that follow the BEP-20 token standard can be bought, sold, or even traded on top of the DEX.

The DEX also allows people to engage in liquidity mining and yield farming, alongside getting access to the launchpools.

BSW is the native cryptocurrency token used across Biswap, which is used for a variety of different things.

Biswap Features

Biswap is the first decentralized exchange that utilizes a three-type referral system and has some of the lowest platform transaction fees at 0.1%. You need to connect a wallet to Biswap, after which you will be given the opportunity to essentially make any swaps on top of it. By utilizing all of the various features which are available on Biswap, users are given access to functions such as liquidity mining, which enables them to provide liquidity to any of the pools on the exchange.

Users can also engage in yield farming across over 50 farms, and there is even a native non-fungible token (NFT) marketplace alongside high yields.

Biswap Website Overview

The very moment you visit the official Biswap website for the very first time, you are showcased a lot of information in regards to all of the options available on the platform.

Specifically, there is one huge difference when compared to competing platforms, and that’s the fact that the navigation bar is now located on the left side of the screen as a sidebar.

Here, you can get access to numerous subpages and actions available on the platform, including:

  • Home
  • Exchange
  • Liquidity
  • Farms
  • Launchpools
  • Fixed Staking
  • IDO
  • GameFi
  • NFT Launchpad
  • NFT Earn
  • Referral Program
  • Lottery
  • Competitions
  • Analytics
  • Charity
  • More

However, before we dive too deep into each category, let us go over everything available on the home page. Specifically, on the top corner of the screen, on the left, there is access to the Biswap Market. On the left side, you have an “Authorized by CertiK” certification icon, alongside the ability to connect your wallet.

Once you click on "Connect Wallet," you will be able to pick from a multitude of supported wallets, including:

  • Metamask
  • TrustWallet
  • WalletConnect
  • TokenPocket
  • MathWallet
  • Coin98
  • Binance Chain
  • SafePal Wallet
  • Coinbase Wallet
  • Huobi Wallet

On the top side of the screen, you will also find DEX's main slogan that says, "The First DEX on BNB Chain with a three-type referral system," which gives you an in-depth look at what you can expect from it, even prior to using it.

You have a “Trade Now” button, which is followed by information regarding the DEX.

Specifically, the website claims that it has the lowest trade fee within the decentralized finance (DeFi) space at just 0.1%, alongside exchange fee reimbursement of up to 70%.

Then you get information about the total value locked, as well as the total trading volume, which gets updated live.

Underneath this screen, you have information about some of the most popular cryptocurrency tokens and markets, alongside an arrow that points you to "All Markets."

Underneath this specific category of the homepage, there is a slider menu that has a variety of different promotions, incentive programs, and updates on the latest farms, which are added to the decentralized exchange (DEX).

Below this section, you will find two distinctive tabs. Here, you will be able to see the Earn BSW + Fees in farms options, where you will find some farms with high APY highlighted.

This is on the left side of the screen. Then you have the right side of the screen, which features launchpools with high APY.

Underneath this section of the page, you will now be able to find the “Our Benefits” section of the DEX. Here, you will be able to review all of the information that the website advertises in terms of the various advantages you have when it comes to the usage of Biswap.

Here’s everything that’s listed here:

  • 3-Type referral program - Here, you can essentially invite your friends where you can earn a commission reward every single time they end up making a swap on biswap, where you can also get 5% from their income that occurs within Farms as well as Launchpools.
  • Lowest Exchange fee - This means that you can essentially buy as well as sell cryptocurrency with the lowest exchange fee within the DeFi space.
  • Trade Fee Reimbursement - You can easily make a swap on Biswap at no cost, which is up to 70% of the trading fee and gets returned in the form of BSW tokens.
  • Competitors - You can essentially participate in the Biswap trading competitions, which occur on a regular basis, and win exclusive rewards.

Then, below this section, you will find information regarding the total volume, the 24-hour volume, the number of active users, the number of trading fees saved, and the total LP earned by the users.

Underneath this specific section of the page, there is also information regarding the reviews from reputable crypto resources, where anyone is able to read more surrounding the accomplishments of Biswap on the most reputable crypto resources.

Then there’s the strategic investor section, where we can learn how Binance Labs, which is the venture capital and incubator of finance, has undergone a strategic partnership with Biswap, where this synergy is aimed at bringing high-quality products as well as services to the DEX.

At the bottom of the page, there is also the about section, the products section, the service section, and the community section.

That is everything you will be able to find on the homepage of the Biswap DEX, so let’s now go over a bit more surrounding its history as well as its functionality.

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Pros & Cons

  • Biswap features the lowest exchange fees across all decentralized exchanges that specifically run on top of the Binance Smart Chain, which is just 0.1% per swap, making it one of the most appealing options to serious traders.
  • The unique three-type referral system provides an excellent opportunity through which users can earn passive income.
  • This DEX has been fully audited by CertiK, which is a leading audit corporation on a global scale when it comes to the crypto world.
  • Each of the farms available has a high APY.
  • The decentralized exchange is fairly new and, as such, has not proven itself throughout the test of time.
  • The DEX is meant for tokens that are specifically developed on top of the BNB Smart Chain and, as such, follow the BEP-20 token standard.

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