Threenvest > Decentralized exchange reviews

BiSwap Review 2024

Our veredict

Biswap is a decentralized exchange (DEX) built on the Binance Smart Chain that distinguishes itself with exceptionally low transaction fees, just 0.1% per trade. This makes it one of the most economical platforms for frequent traders. Biswap also offers a variety of financial products, including yield farming, liquidity pools, and a comprehensive NFT marketplace. These features provide users multiple ways to earn passive income and invest in digital assets. Furthermore, the platform’s multi-type referral program is particularly attractive, offering substantial rewards for users who refer others to join the exchange. The CertiK audit adds an extra layer of security and trust, ensuring the platform’s reliability.

However, Biswap does have some drawbacks. The anonymity of its founders may be a concern for those who prioritize transparency in the platforms they use. Additionally, Biswap operates without regulatory oversight, which could pose potential risks regarding security and compliance. The platform also exclusively supports tokens on the Binance Smart Chain, limiting its appeal to users who want to trade a wider variety of cryptocurrencies. Despite these issues, Biswap’s innovative features and low fees make it a strong contender in the decentralized exchange market.

Pros

Lowest Trading Fees Biswap offers the lowest transaction fees in the DeFi space, at just 0.1%, making it an attractive option for cost-conscious traders.
Extensive NFT Marketplace Biswap features a comprehensive NFT marketplace where users can trade and stake NFTs, offering additional avenues for investment and profit.
Yield Farming Rewards The platform provides lucrative yield farming opportunities, allowing users to earn significant rewards by participating in liquidity pools.

Cons

Threenvest Score

Network

Binance Smart Chain

Fees

0.10%

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Why choose BiSwap?

Choosing Biswap as your cryptocurrency exchange offers several compelling advantages. First, Biswap’s incredibly low transaction fees of just 0.1% make it one of the most cost-effective platforms available, especially for frequent traders. This can significantly reduce your trading costs over time compared to other exchanges.

Second, Biswap provides diverse earning opportunities through its yield farming, liquidity mining, and staking options. These features allow users to earn passive income on their crypto holdings, making it a great choice for those looking to maximize their investment returns.

Third, Biswap’s NFT marketplace is robust and user-friendly, offering both trading and staking of NFTs. This adds an extra layer of investment opportunities, appealing to those interested in the burgeoning NFT space.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As a crypto enthusiast and expert, I highly recommend Biswap for its incredibly low trading fees of just 0.1%, which makes it an economical choice for frequent traders. The platform offers a range of profitable features such as yield farming and an extensive NFT marketplace, which can significantly enhance your investment portfolio. Additionally, Biswap’s strong security measures, including a CertiK audit, provide peace of mind by ensuring the safety of your assets. Its user-friendly interface and multi-type referral program also make it an appealing choice for both new and experienced users looking to maximize their crypto investments.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.