Topic: BitSquare is a good exchange to start trading? (Read 1330 times)
I believe that the bitcoin community somehow hates decentralization and really don't care about their privacy or the fees involved in the major exchanges. BitSquare is definitely solving a lot of issues that we have with the traditional system but It also need some improvements such as adding new payment methods and sooner or later the development could stop because of funding so I guess It would be a good idea If they start crowdfunding for both marketing and developing the software more.
i think i will stay with existing exchange rather than to try with new exchange because i am not prefer with new exchange as they are new in exchange industry. but if in the future, that exchange is grow and the volume is increase, maybe i will start to try and see the benefit that i can get with trading.
From what I have reading they are a solid exchange to start investing into.
Just from the reddit reviews alone got me to decide to go with them hands down.
Posted from an experienced user of BitSquare.
https://www.reddit.com/r/Bitcoin/comments/4rjk5c/bitsquareio_first_user_experience/
"Coins are locked in a 2-3 multi-sig wallet. Seller, buyer and arbitrator each 'control' one key. As a user you're not exposed to that process. You're basically confirming your actions (accept trade contract, sent payment, received payment) which automatically releases the coins if the protocol is followed as intended.
Only if there's a problem, an arbitrator steps in and enforces his decision about the case. Coins are released with the arbitrator's key and the honest trade partner's key."
"To me bitsquare lacks something centralised exchanges have: being able to buy/sell again and again with reasonable speed.
Bitsquare might be great for acquiring bitcoin or selling bitcoin for fiat. But it's not practical platform for day trading IMO."
What are you the forum members here have to say about them as a whole.
I went to another one to sign up for but they just didn't sell me on why I should use them instead of them.
Just from the reddit reviews alone got me to decide to go with them hands down.
Posted from an experienced user of BitSquare.
https://www.reddit.com/r/Bitcoin/comments/4rjk5c/bitsquareio_first_user_experience/
"Coins are locked in a 2-3 multi-sig wallet. Seller, buyer and arbitrator each 'control' one key. As a user you're not exposed to that process. You're basically confirming your actions (accept trade contract, sent payment, received payment) which automatically releases the coins if the protocol is followed as intended.
Only if there's a problem, an arbitrator steps in and enforces his decision about the case. Coins are released with the arbitrator's key and the honest trade partner's key."
"To me bitsquare lacks something centralised exchanges have: being able to buy/sell again and again with reasonable speed.
Bitsquare might be great for acquiring bitcoin or selling bitcoin for fiat. But it's not practical platform for day trading IMO."
What are you the forum members here have to say about them as a whole.
I went to another one to sign up for but they just didn't sell me on why I should use them instead of them.
Jump to: