I exchanged some Bitcoin back and forth on Bisq to learn if it's anywhere close to practical already.
I am mesmerized by the attention to details, usability and stability of the software.
Bisq is a desktop application you are supposed to run (potentially) 24/7 to trade Bitcoin in a p2p manner.
There is no registration and no central server to connect to. Your order is active only when you run the software.
With Bisq you can exchange BTC to a few most popular national currencies (USD, EUR) or altcoins w/o intermediaries.
There is a built-in arbitration process if 2nd party won't behave. Selected arbitrator holds 1 of 3 keys in a 2/3 multisig scheme. The scheme includes security deposits to incentivize following the deal.
You can put your orders in relation to the market exchange rate (say +1%).
There are not so many offers and it may take a few days to get a deal. Or you can select one of the existing offers to get the deal o utright.
My trades went through smoothly.
I highly recommend to give it a try if you value privacy and you are not in a hurry (and you shouldn't be with crypto trading): https://bisq.network/
submitted by
No comments:
Post a Comment