Topic: Does anyone know much about bisq? (Read 255 times)

My privacy concerns hinge more on the other party getting my IP information and not on the main network operators gaining access to any PII. Tor's pretty slow these days and I don't like the idea of passing 250GB of data through a network I don't contribute to.

I'm running an old version, just about to update but: is your machine normally pretty fast or is it somewhere in between? Mines normally pretty slow and I couldn't spot the difference. I have 4gb ram and a dual core 2.3ghz running win7...

Do I have to stay online for the whole thing and leave my node running?

So trading a low volume fiat currency could be more risky or not?

I'm guessing this is just some sort of contract that is enforced much like the lightning network's one (where you both sign the other's output and send it to them and only sign your own when ready).

I have to admit that the security deposit was a turn-off recently for me too .. On the positive side though, I have verified a few of my old Bisq seeds and found ~$50 sitting there from my security deposits, feels good! But if you want to launch 5 txs and have to pay security deposits for each of them, it's going to cost you quite a lot and that's annoying..

Some advice :
1. If you have Bitcoin full node client (e.g. Bitcoin Core) installed, make sure it's installed and running when you use Bisq. Bisq will connect to your full node rather than other full node.
If you have serious privacy concern, make sure your Bitcoin Core use Tor connection as well.

This is compounded if are trading to or from fiat. Depending on which fiat payment method you are using, you may end up waiting a couple of days for your chosen method to process/clear/confirm/etc., especially over a weekend. To begin with this made me a bit uneasy, but if you stick to trading with trusted parties you should be fine. Much like if you trade a lot on the forum, over time you will build up a history with a couple of individuals and you will be more comfortable doing larger and larger trades with them.

The security deposit always throws me off... I have been following the development for a long time, i've compiled bisq on my server and i open it up every time i want to do an exchange.

The security deposit always throws me off... I have been following the development for a long time, i've compiled bisq on my server and i open it up every time i want to do an exchange. But then i remember the security deposit and i use binance or some on-the-fly exchange instead.

One thing that scared me in the beginning was the long time I had to wait until the transaction was done. Due to the fact that both of you have to create & confirm the transactions and you probably live in different timezones, you first have a little uncertainty whether it's going to fail or succeed.

Are there any security concerns I need to be aware of other than the fact that it seems fairly new (and wehen I downloaded it there was no GBP volume at all)?

Is there a practice for remaining anonymous on the exchange

and is it possible to withdraw funds directly to a bank account

If possible please link videos as all I'm doing at work at the moment is reading huge reems of text...

An ANN page for Bisq at last - great! This is well over due.

I've been using Bisq since long ago when it was previously called Bitsquare. I lost faith/trust in all centralised exchanges long ago & only used localbitcoins for trading up until when they required the dreaded KYC - that killed it for me, but as there was no other exchange that I trusted I was stuck with it. Then I discovered Bisq (or Bitsquare as it was called then) & I've been using it ever since without a hitch, as well as recommending it to anyone who asks. The amount of development going on behind the scenes on github is astounding with constant improvements being made to the platform - it seems every time I fire it up there's a new & improved update - great stuff indeed.

Swearing never to use a centralised exchange again wasn't easy, but now that Bisq are going mainstream at last with this ANN, there's no excuse for anyone to use a centralised exchange again. It might seem strange to use for the first few times to those who are used to centralised exchanges but believe me, once you get used to it you'll never use a centralised exchange again. No bots, no scams, you're in control of your coins on your machine & no KYC shit to deal with. What's not to like?

Game changer. Keep up the great work all those at Bisq.

Edit: I do have one concern - the amount of shitcoins that are finding their way onto Bisq. I know they get delisted if there's no trading, but what's the point of listing so many of them in the first place? 99% of them are worthless scams anyway.....lol