Purchase Biswap (BSW) with Swiss Franc (CHF) easily at Switchere and benefit from fast, secure transactions.
Biswap (BSW) is a prominent decentralized exchange (DEX) built on the BNB Smart Chain, engineered to offer a low-cost trading environment for digital assets. Operating on an automated market maker (AMM) protocol, Biswap distinguished itself by providing some of the lowest transaction fees within the DeFi sector, attracting users seeking efficient token swaps. This platform facilitates peer-to-peer trading directly from users' wallets, leveraging the speed and low gas costs of the BSC ecosystem.
The core of the platform is its native utility token, BSW. A key innovation is the transaction fee mining model, where a percentage of trading fees is returned to users in BSW tokens, incentivizing trading volume. BSW also serves as a governance token, empowering holders to vote on protocol upgrades and changes. Users can utilize BSW for yield farming, staking in Launchpools to earn new tokens, and providing liquidity to pools, earning passive income through LP tokens. The unique three-type referral system further enhances its growth model.
Beyond being a crypto exchange, Biswap has evolved into a multifaceted DeFi hub. It has expanded its offerings to include an integrated NFT marketplace and GameFi through its Squid NFT World, providing diverse earning avenues. As a comprehensive DeFi application, Biswap stands as a significant competitor on the BNB Chain, providing a robust and cost-effective infrastructure for decentralized finance activities secured by smart contracts.
The CHF/BSW pair represents the exchange rate between the Swiss Franc (CHF) and the Biswap (BSW) token. However, a direct fiat on-ramp is rare. Typically, this involves a two-step process: first, converting CHF into a base cryptocurrency like BNB or a stablecoin on a centralized exchange, and second, using those assets on the Biswap Decentralized Exchange (DEX), an Automated Market Maker (AMM) on the BNB Smart Chain, to swap for the BEP-20 BSW token.
BSW is the native utility token of the Biswap DEX. Its primary benefits include staking in Launchpools to earn other tokens, providing liquidity to pools for yield farming rewards, and participating in transaction fee mining, where you get a percentage of trading fees back in BSW. It also serves roles in the platform's NFT marketplace, GameFi projects, and future governance proposals.
No, direct interaction with the Biswap DEX protocol itself does not require KYC (Know Your Customer). As a decentralized application, it allows for permissionless trading directly from your self-custody wallet. However, the initial fiat on-ramp where you convert CHF to cryptocurrency will almost certainly require you to complete a full KYC/AML verification process to comply with financial regulations.
The most common method is to use a regulated crypto exchange that accepts CHF, often via SEPA transfer. On this platform, you'll complete KYC/AML compliance and buy a liquid asset like BNB. Then, you transfer the BNB to a self-custody digital wallet (e.g., MetaMask). Finally, you connect your wallet to the Biswap DEX dApp and swap your BNB for BSW, paying a small gas fee in BNB on the BNB Smart Chain.
There are several potential fees. First, a deposit fee for your CHF on the centralized exchange. Second, a trading fee for the CHF-to-crypto (e.g., BNB) transaction. Third, a withdrawal fee to move your crypto to a self-custody wallet. Fourth, the BNB Smart Chain network fee (gas fee) for the swap transaction on Biswap. Finally, Biswap's own low trading fee, a portion of which is often rebated to you through its transaction fee mining system.
For optimal security, store your BEP-20 BSW tokens in a non-custodial wallet compatible with the BNB Smart Chain. Software wallets like MetaMask or Trust Wallet are popular choices. For the highest level of security for your digital assets, consider using a hardware wallet such as a Ledger or Trezor. Always back up your seed phrase offline and never share it with anyone.