BiSwap Review 2023
BiSwap is a popular decentralized exchange created by EK in 2021.
It runs on 1 different chains including BNB Chain.
BiSwap offers features such as nfts, liquidity mining, nft marketplace, limit orders, yield farming, launchpad, referrals, spot trading and more.
We rated BiSwap 4.5/5, based on it's features, security, and future prospects.
This DEX sells NFTs that you can buy and collect. They're great for profile pictures, and in some cases could be used for staking. Though this depends on the DEX.
BiSwap allows you to earn passive income by providing liquidity. You're given LP tokens in return, which are interest bearing. The interest comes from trading fees generated by BiSwap.
NFT Marketplace. Hosts an NFT marketplace where you can buy/sell/auction NFTs. Find collectibles and utility NFTs that you can flip or add to your collection.
Limit orders are trades that execute at a specified price. They're great for executing trades while you're away from your computer. BiSwap handles the execution for you, and you may incur lower transaction fees than if you market buy/sell.
Hosts incentivised yield farms. You can earn boosted rewards from staked LP tokens. This is a great way to earn more crypto. Projects put up tokens for you to earn, often for marketing efforts.
Has a project launchpad that launches new tokens.
Has a referral scheme where you can earn commissions. Share your link with friends, family, or anyone that will click it. Every time they trade, you earn a percentage. Perfect for the marketers out there.
This means you can buy and sell the real thing. Actual crypto. Not a futures contract or derivative.
All DEXs charge trading fees. BiSwap is no different.
Trading fees incentivise liquidity providers to provide liquidity to BiSwap. This enables people like you to freely trade between tokens without incurring too much slippage.
BiSwap does not charge withdrawal fees.
DEXs, generally, do not require you to deposit funds onto them. Therefore there is nothing to withdraw. This is one of the many great things about dencentralized exchanges. You get to be the sole custodian of your funds.
How to use BiSwap?
- Get a crypto wallet that supports web3 on one BiSwap's of supported chains.
- Deposit crypto into the wallet, ensuring you have tokens for gas
- Navigate to BiSwap's homepage
- Connect your wallet to the website
- Goto Swap/Trade
- Choose a token that you'd like to swap to
- Finally, swap!
Where can I buy BSW ?
You can by BSW direct from BiSwap. It is the native token of BiSwap, and they will therefore offer the most liquidity.
Is BiSwap safe?
Yes, BiSwap is safe to use. However, you should be aware that crypto trading carries inherent risk. dApps are vulnerable to exploits, so make sure to DYOR before investing.
What chains do BiSwap support?
BiSwap supports BNB Chain.