How does Bisq protect its Users privacy? Bisq is a standalone, open-source software that you can inspect before running on your machine, and as a result, you don't have to trust that any server is logging your personal details (as you would in the case of a website). As for the trading process, your payment information is stored locally on your machine, and only your trading partner (and your mediator or arbitrator, in case of a dispute) can ever see it. All data exchanged between users is encrypted and signed. To transmit data from one user to another, Bisq uses a P2P network built on top of Tor, which provides a high degree of anonymity. The user doesn't need to do any additional work for all of this to workβ€”it is all integrated in the application. #dex #decentralized #bitcoin #stacksats #nokyc Use the link below to download Bisq:
Bisq - A decentralized bitcoin exchange network
Bisq Downloads ‹ Bisq - A decentralized bitcoin exchange network
Bisq is an open-source desktop application that allows you to buy and sell bitcoin in exchange for national currencies, or alternative cryptocurren...
Wondering how long does a trade take on Bisq? There is no automatic order matching on Bisq, and trades are settled manually by humans. As a result, trades are not completed as quick as they would be on centralized exchanges, but can still be fairly quick. Some payment methods are instant, while others can take a few days. As far as Bisq is concerned, the deposit transaction needs to be confirmed first before the buyer can send payment. Bitcoin transactions take about 10 minutes to confirm, so with quick traders and quick payment method, a Bisq trade can be completed in a matter of minutes. #dex #decentralized #bitcoin #no-kyc #bisq #stacksats See the list of available payment methods using the link below:
Payment methods - Bisq Wiki
I'm unable to engage in Bisq trading due to the scarcity of offers in my currency. What options are available to address this issue? If there have been no recent trades in your currency market, additional efforts are required to kickstart it. At the very least, it is essential to incorporate widely-used payment methods in your market. If these methods are not present in the available list of currencies, you can propose them on GitHub using the provided link. Additionally, implementing some form of marketing is necessary to attract users and market-makers in order to initiate market activity. Please Note: A lack of substantial offers in a specific market doesn't necessarily imply a lack of trading activity. There may be individuals actively monitoring the market who would readily accept an offer if you initiate one. This scenario often occurs in markets such as CAD, AUD, NGN, and GBP. #dex #decentralized #bitcoin #bisq #nokyc #stacksats Suggest New Improvement/payment methods here:
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Will my bank know I'm trading bitcoin on Bisq? Generally speaking, Bisq doesn't deal with banks at all. All fiat transfers take place directly between users. But there have been reports of banks closing accounts upon suspecting bitcoin activity. As a result, Bisq requires that the "reason for payment" field always be left BLANK when making a payment (if the payment method offers such a field). If a reason is required, it should be something trivial like a "-" or "payment". If you want to use something else, please agree on an alternative with your peer using trader chat. #dex #decentralized #bitcoin #nokyc #stacksats #bisq image