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(Also called DEX).
Binance has created a BEP20 protocol, in order to compete with the Ethereum Blockchain and its ERC20 tokens.
Biswap is the 1st DEX to accept BEP20 tokens, which means lower fees and faster exchange.
It's a whole new ecosystem, which must be learned and understood.
To participate and therefore take advantage of the start of this famous DEX, you will need BEP20 tokens.
To get it, it's very simple:
You will need BNB (Binance token under erc20).
With this BNB, you exchange it for BSC, which is the same token, but not on the same Blockchain.
BSC = Binance Smart Chain.
It is thanks to the BSC token, that you will be able to make transactions on Biswap.
If you have erc20 tokens, just trade to BNB, then BNB to BSC.
Be careful, however, to keep a little Ethereum in your wallet, to pay the monstrous transaction fees, in order to be able to send BNB to BSC.
Once you have completed these steps, connect with Metamask, Trustwallet or Binance Chain to DEX Biswap.
Since you have BSCs, they will be displayed automatically.
At the moment you can only buy BSW (Biswap).
But you can also fill cash pairs with any other crypto.
What will shock you? This is the 0.1% fee for this new Blockchain.
Indeed, while the period propels Ethereum, as co-leader, its ecosystem is obsolete.
We will have to wait until 2022 see 2023, to have an Ethereum less expensive in transaction fees.
Binance did not wait, and released Smartchain.
A fast, transparent and really inexpensive protocol.
Owning BSW will have an impact in a few months, if not a few years.
So don't wait, and discover the simplicity.
|Which crypto-currencies can be exchanged?|
|Payment solutions||Cryptocurrency Wallet|
|Monitored since||417 days|
|Payments reported on NBR||1,00 $|
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