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Korean Won (KRW) to Biswap (BSW) Instantly

Purchase Biswap (BSW) with Korean Won (KRW) easily at Switchere and benefit from fast, secure transactions.

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About
Biswap (BSW)

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.

Biswap (BSW)

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How to Buy Biswap (BSW)

  1. Select currency menu

    Choose KRW to BSW Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your Biswap Wallet Address

    Provide your BSW wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your Biswap

    Complete the payment, and your BSW will be sent to your wallet.

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Frequently Asked Questions

  • What is the most common process for buying Biswap (BSW) with South Korean Won (KRW)?

    Typically, you cannot directly purchase BSW with KRW. The standard method involves using a Korean cryptocurrency exchange that supports KRW deposits via local bank transfer. On this platform, you first buy a major cryptocurrency like BNB. Then, you withdraw the BNB to a self-custody digital wallet that supports the BNB Smart Chain. Finally, you use a decentralized exchange (DEX) like Biswap to swap your BNB for BSW, which is a BEP-20 token.

  • What type of digital wallet is required to store BSW and interact with the Biswap DEX?

    To hold BSW tokens and use the Biswap platform, you need a non-custodial wallet that is compatible with the BNB Smart Chain (BSC). Popular choices include MetaMask, Trust Wallet, or hardware wallets like Ledger connected to MetaMask. This wallet allows you to securely store your BEP-20 assets and sign blockchain transactions required for swapping, staking, or yield farming on the Biswap decentralized exchange.

  • Is KYC verification required when buying BSW with KRW?

    Yes, for the initial fiat on-ramp step. All regulated South Korean cryptocurrency exchanges that accept KRW deposits require mandatory Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. However, the second step, which involves swapping for BSW on the Biswap decentralized exchange, is typically non-custodial and does not require personal KYC, as you are interacting directly with a smart contract from your own digital wallet.

  • What is the primary function of the BSW token within the Biswap Automated Market Maker (AMM) ecosystem?

    The BSW token is the native utility token of the Biswap DEX on the BNB Smart Chain. Its primary functions include governance, staking in the BSW Launchpools for rewards, providing liquidity to pools for yield farming, and receiving up to 50% transaction fee reimbursement. Holding BSW is essential for participating fully in the platform's DeFi offerings and benefiting from its unique fee-sharing Automated Market Maker model.

  • What are the typical fees when converting KRW to BSW using the indirect method?

    The process involves multiple steps, each with potential fees: 1) A trading fee on the Korean CEX for the KRW/BNB purchase. 2) A withdrawal fee from the CEX to send BNB to your wallet, which is the BNB Smart Chain network gas fee. 3) A swap fee on the Biswap DEX, which is competitively low (e.g., 0.1%-0.2%). A key benefit of Biswap is its transaction fee reimbursement feature, where a percentage of this swap fee is returned to you in BSW tokens, reducing the overall cost.

  • Why is the BNB Smart Chain (BSC) crucial for transactions involving BSW?

    Biswap is a decentralized application (dApp) built exclusively on the BNB Smart Chain. Therefore, its native token, BSW, is a BEP-20 standard token. All transactions, including swaps, providing liquidity, and staking, are executed as smart contracts on the BSC network. This blockchain offers low transaction fees and fast confirmation times, which are essential for the efficient operation of Biswap's Automated Market Maker protocol. Using any other network will result in a loss of funds.

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