What is Reddit's opinion of
Bisq?
From 3.5 billion Reddit comments
100 reviews of this app found across Reddit:
The concept of Exodus sounds great but it appears not to be Open Source. Which means it can’t be verified as trustworthy.
I do like that the Exodus exchange can trade Monero without registration or signup but there are other exchanges like https://Bisq.network which can also trade without signup or registration.
Bisq is Fully Open Source and decentralized, which means it can be verified as trustworthy.
It's a peer to peer bitcoin exchange. This is the first decentralized exchange to support Nano. You can now exchange Nano with bitcoin without needing a centralized exchange such as Binance, kucoin, etc and funds are always in your control. You can also exchange bitcoin for fiat using bisq. Check out their FAQ https://bisq.network/faq/.
EDIT: PS, Another big thanks to u/n9Mtq4 for making this happen!
No need for all this shit protest.
Bitcoin is a silent revolution, just buy BTC from https://bisq.network (p2p decentralized exchange).
Go and withdraw in cash, all of you, in the same time, all the money you have in that bank. Buy BTC and never use that worthless goat shit fiat anymore.
By closing your bank accounts you hit them exactly like a dagger in the heart.
Making noise, you make it worst, you make them more nervous and will attack more. Be the first in hitting hard not counter attacking.
Bitcoin is the Silent Revolution, dump the fiat!
No need for that worthless petition. Bitcoin is the silent revolution. Just stop using banksters fiat money.
You have https://bisq.network a p2p decentralized exchange. They can't stop you using it.
I really think we have an opportunity here to create some ground swell around decentralised exchanges such as Bisq.
Currently Kraken is a nightmare to use and most other exchanges are either untrustworthy (Bittrex), have liquidity issues or lock withdrawals. There's also the question of government snooping or interference on centralised exchanges.
Decentralised P2P exchanges are a natural match for Monero, and we have the numbers in our community to significantly increase liquidity on platforms like these.
I'll be setting up an account and some trades on Bisq today and urge you all to consider doing the same! (I'm not affiliated in any way with Bisq, I'd just love to see decentralised exchanges gain more footing).
Bisq never has custody of, or in any way touches, the fiat payment.
TLDR: Once a buyer and a seller agree on an offer, the Bitcoin trade amount (as well as a security deposit from both traders) is locked up in a 2-of-two time-locked transaction. The payment is handled outside of bisq, and then the bitcoin is released to the buyer. So Bisq never needs to perform any KYC.
There is an arbitration process to handle the cases where something goes wrong.
Lots more information over at bisq.network.
If you want to continue to use localbitcoin, you could switch to another service like evercoin, shapeshift or morphtoken.
There is also localmonero.co that offers direct GBP -> XMR.
Bisq https://bisq.network/ recently introduced monero as well and offers GBP -> BTC -> XMR.
And of cause there are centralised Exchanges like Kraken that work well for europe.
Disclaimer: I don't tell you to use any of these services, you should choose the route you are most comfortably with. The best way for me might not be the best way for you. It always depends on what is more important for you: anonymity/privacy or ease of use.
Decentraliserat via Bisq (https://bisq.network/), förlitar sig visserligen på SEPA-överföringar från ditt bankkonto till en annan privatpersons bankkonto. Går även att använda Revolt. Kräver ingen legitimering i övrigt. Om du vill vara helt anonym så finns det inget annat alternativ än kontanter i praktiken, mig veterligen finns det knappt någon tillförlitlig exchange kvar som tillåter en handla utan att legitimera sig.
Tänk även på att du är skatteskyldig för all handel med BTC, vilket gör att du egentligen är skyldig att deklarera dina mindre legala köp också. Jag skulle inte säga att det är Polisen du borde oroa dig för, utan att det är Skatteverket. De har nuförtiden utvecklat några rudimentära strategier för att spåra transaktioner från en wallet till en annan (genom en blockchain explorer - så inget superavancerat), men de verkar satsa mer och mer resurser på att komma åt folk som de anser smitit från sina deklarationsskyldigheter. De har även börjat utveckla samarbeten med europeiska exchanges, så även om du undviker växlingssidor inrikes så garanteras inte din anonymitet på andra växlingssidor. Om de kan se att du köpt BTC så kan de bli nyfikna och be dig redovisa för dem.
Om du vill säkerställa din anonymitet - köp för kontanter. Om du vill kompromissa lite, köp via Bisq. Undvik Swish och Localbitcoins för allt i världen, Skatteverket har dessa under stark bevakning. Oavsett tillvägagångssätt kan det vara ett alternativ att efter köpet tumbla kryptovalutan genom att köpa Monero (XMR) för dina BTC och sedan köpa tillbaka BTC för dina XMR. XMR är ospårbart vilket gör att rätt många spår försvinner efter du köpt XMR för dina BTC.
Det är helt absurt att vi behöver gå sådana här längder för att säkerställa anonymitet i det här övervakningssamhället..
Hello,
Bisq :
- secures exchanges thru limited amounts when dealing with fiat
- secures exchanges thru use of multisig adress
- secures exchanges by asking mutual deposits
- provides a human arbitrator in (rare) case of dispute
atm Bisq is a small marketplace, with an average of ~30 trades per day, but since the beginning Bisq has (very) few arbitration cases, and absolutely 0 case like this one.
There were some few case of chargeback issues, but limited due to Bisq limit policy with fiat. In the 24H/48H following those issues, the concerned payment methods were removed from Bisq (even if it was of course a bizness loss).
Bisq : https://bisq.network
What are the fees on BISQ?
It seems like for a $7,000 trade you might pay $20. That’s reasonable. The page is so confusing I thought this was $200 one night.
Also ‘20 to 400 Sat / byte’ is quite high. Especially today. And paying ‘3x that’ as Taker is even more expensive.
Is this old or accurate?
The BISQ fee page needs to get cleaned up. I’ll send Beams a tweet with a better statement.
Please consider using this site.....
Bisq is an open-source desktop application that allows you to buy and sell bitcoins in exchange for national currencies, or alternative crypto currencies.
Features and Philosophy Unlike traditional online exchanges, Bisq is designed to be:
Instantly accessible – no need for registration or approval from a central authority. Decentralized – there is no single point of failure. The system is peer-to-peer and trading can not be stopped or censored. Safe – Bisq never holds your funds. Decentralized arbitration system and security deposits protect traders. Private – no one except trading partners exchange personally identifying data. All personal data is stored locally. Secure – end-to-end encrypted communication routed over Tor. Open – every aspect of the project is transparent. The code is open source. Easy – we take usability seriously. Bisq is for those who do not want to forfeit control or privacy to a central authority in order to trade with other individuals. We regard financial transactions as a form of private speech that should be protected from surveillance by banks, governments, and other institutions.
No problem, we already have https://bisq.network - p2p decentralized exchange
Also people of India should be aware of the biggest fraud in banking in India
These are nothing compared to THORChain, no competition whatsoever. I tried swapping ETH to BTC on both, not possible.
THORChain is a decentralized L1 swap & liquidity protocol without bridges, without wrapping, just simple trades within your multi wallet. I only know of 1 protocol that is currently comparable => https://bisq.network/
In the end it doesn't matter, all will be connected. You'll use THORChain & others without knowing it, depending on where the most liquidity is available to optimize trades.
Bitcoin is not meant to provide privacy. Bitcoin has a completely transparent ledger. All transactions and wallet amounts can be seen on the blockchain. If you are looking for privacy, you need a privacy coin. Monero is the best privacy coin I know of. You can buy Monero with bitcoin from app bisq
decentralized and p2p just like bitcoin
the funds are in your local wallet. there is no server
bisq does not know whom you trade with
it runs over tor
it's not a company
no registration or kyc
you should read more here: https://bisq.network/faq/
and don't be scared of the word DAO and bisq tokens on their site. It's not an ICO. It's not a shitcoin. BSQ coin is just a colored satoshi that works only bisq software. It's created to remove human arbitrators and truly decentralize the software. Outside of bisq, BSQ is just bitcoin. So research it on your own and don't listen to FUD on twitter/reddit
https://bisq.network/statement-security-vulnerability-april-2020
I certainly feel sorry for the traders.
As soon as I read this news, the first thought - nobody, never and nothing will hear again about those 4000 XMR that were stolen. Also no one will say to that hacker that they are tained/gray/black.
You need to go the no KYC way.
Bisq (low liquidity), ATM (High premium), Local Bitcoin Meetup P2P for cash (Depends where you live.)
Yeah, you place your customers first, like when you speculate about where their bitcoin transactions come from, threatening to lock up their accounts unless they provide bank statements, receipts for mining equipment or screenshots of websites and bitcoin transactions. I was a verified customer, who mined a few BTC in 2014 and did next to nothing with them and you caused me nothing but grief.
You place your customers first, asking about where or why they have sent bitcoin somewhere, at ridiculously low amounts <10BTC when it was $100USD per Bitcoin.
Love how you place your customers first. So fucking glad to be with Bisq now.
Use decentralised exchanges, people.
Bisq exists. It's P2P, supports a lot if coins and is under active development. Sure you can rely on a centralized company to trade your decentralized money and give them de facto power over your money... but you don't need to.
The mining fee of a trade isn't calculated according to a percentage of the trade amount, it is a flat rate and it's imported from this api. What you are seeing is the breakdown of your expenses shown in percentages. The fact that the mining fee amount is shown there doesn't mean that it was calculated that way. Unfortunately, the Bitcoin fee market is poorly optimized so you're more than likely to overpay for fees in high priority situations as taking an order in Bisq. Plus, as a taker you're paying for three on-chain transactions (three different mining fees):
- the transaction to take the offer
- the transaction to send the funds to escrow
- the transaction to pay out the traders
It would not hurt...
But I personally do not trust that kind of Venezuelan exchanges authorized by a socialist tyranny and their KYC policies.
We need an alternative like Localbitcoins... or Bisq xd
bisq.network but you need a little bit BTC or BSQ to pay the fees. It's nearly anonymously, the only person knowing your bank account and knowing about the trade is the peer you're dealing with. The banks can see that there was a transfer but have no clue about the purpose.
Tem o Bisq (Exchange decentralizada que usa a rede Tor para se conectar), mas você já precisa ter algum saldo em Bitcoin para utilizar (mesmo se for usar só para comprar). Para comprar esse saldo inicial, gosto do Biscoint para achar o melhor preço. O que você comprar no Biscoint vai ser possivelmente rastreável pela Receita, então o ideal é se livrar dessas moedas depois que começar a usar o Bisq.
Hello bitcoiner...
The KYC system has you.
Follow the green cat.
Stack your sats privately.
(credit: @pedromvpg)
What I would do is buy or exchange btc for Monero on an exchange like Bisq. It's decentralized so you'll have to install it, and it connects through Tor.
Then visit the .onion link for xmr.to from TAILS and set up an order, write down the address (destroy the paper later). Then from your Monero wallet send the correct amount to the correct address, then xmr.to will forward the btc to your TAILS wallet.
If the ring signatures of Monero fail, you'll still have the random TAILS wallet in-between.
Why would anyone provide their Aadhaar/PAN to use an Indian P2P, while they can comfortably trade on well established portals like https://localbitcoins.com/ & https://localethereum.com?
Rather, Indians should try out https://bisq.network/, the baap of all P2P running on a real decentralized architecture.
Well, they still need a software and a p2p protocol to match orders and all that. I don't know how easy can that happen, and how would the usability of that be.
Currently p2p exchanges like Bisq already exist, even though they require mediation. But if you check them, the mediation is far from the worst part as it happens safely and automatically. I think the fact that you must be connected so that your pending order can be matched is a drawback to many. And perhaps people are just more confortable with websites than desktop softwares. Anyways. If you check their order book, it's quite empty. So, if you want to make quick or large trades there, good luck.
Just forget about exchanges and go p2p.
I use Bisq https://bisq.network/
I am not sure if you can use credit card as I use sepa bank transfer but I have used bisq a few times now and I would never use an exchange again.
What do you mean, buy directly? From where? In order for someone to buy, someone else has to sell. That's why you need a marketplace, where some people are selling and some other people are buying. This is what the exchanges are.
I am new to crypto (I ignored it, although I know it since more than 10 years ago), so maybe there are more like this, but the only distributed crypto exchange I know is https://bisq.network/, which is mostly for Bitcoin. You have to keep the application open when you launch a buy or sell order, otherwise your order is not there anymore (if I understand correctly). I guess this is what you are looking for, but for ADA?
Coinbase pro, bitstamp and kraken are most popular options in Spain and be the least expensive way to buy Bitcoin.
If you don't want to use ID you can try an ATM , https://hodlhodl.com, or https://bisq.network
82 atms here-
I don’t know why you seem to think cryptocurrency isn’t easy.
Monero is both private and really easy to buy and sell on markets like Bisq. https://bisq.network
I guess the most simple way is cash transaction in person. But you have to show up and be seen, which isn’t all that private.
Ai urmatoarele optiuni:
- Bisq - o platforma complet decentralizata unde nu trebuie sa iti declari identitatea ca sa cumperi. Trimitii banii direct celui care iti vinde. Trebuie sa descarci o aplicatie. Aplicatia foloseste onion routing
- Exchange-uri de crypto ( Kraken, Bitstamp, Coinbase, Poloniex, Binance Jersey, Bittrex etc.) - faci un transfer SEPA si schimbi banii in crypto cand ajug dupa care dai withdraw
- Aplicatii care abstractizeaza managementul de crypto si obtii doar expunere la pretul Bitcoin sau altele - Revolut, Abra etc.
Bisq uses BTC as its base currency, has pairs for trading both fiat and altcoins, and it based entirely on the BTC blockchain. You are in full and exclusive control of the keys to your wallet. It runs on a p2p network over Tor and can connect to the BTC mainnet or to your own local bitcoin node if you have one.
It also has a DAO which runs on top of the BTC blockchain which ensures that management of the project is decentralized.
Bisq really is the best implementation of a DEX right now, imo, particularly if you want to trade BTC. It just needs more liquidity for many BTC/altcoin pairs, but there is plenty of trading in XMR, USD, EUR right now.
Its high time that everyone dumps LBC now. There are plenty of non-KYC LBC alternatives out there. Join any one of them...
Some points about Bisq. Bisq : 1. is open-source code 2. is decentralized with a P2P network over Tor 3. requires no registration, stores no personal data (no database to stole) 4. secures exchanges thru use of multisig adress 5. secures exchanges by asking mutual deposits 6. provides a human arbitrator in (rare) case of dispute 7. Bisq itself is not a company. It is an open source project organized as a Decentralized Autonomous Organization (DAO).
Bisq : https://bisq.network
You are using services which are centralized and can collude to uncover your identity.
Suggestions would be :
1) Buy XMR directly from localmonero.co
2) Buy bitcoin and exchange for monero on bisq.network.
People should really look into using P2P decentralized exchanges like https://bisq.network.
Really, why not? You are always in full control of all your money, no ID verification, no KYC/AML rules.
It is decentralized!
Bleah, we already have https://bisq.network - p2p decentralized exchange
Also people of India should be aware of the biggest fraud in banking in India
Gee, I wonder if only there was a decentralized solution to cryptocurrency exchanges..... Oh gee... I sure wish... OH WAIT THERE IS. Use https://bisq.network/
They don't store your funds. They don't store your IP. They don't make you jump through verification loops.
Download the client, install it and try it out, it runs automatically via TOR, and yes, there's no much liquidity there atm, but if people are still willing to get cucked by a third party in managing what is supposed to be their trustless, decentralized currency, then be my guest, but don't come making posts "Exchange XYZ got hacked REEEEEEEEE I want my funds back" or you get hit with a maintenance block on your when it's prime time to sell or buy.
Using BISQ you don't deal with any of that.
I use Bitsq for selling BTC. I've never had a problem with it. Transactions can take a while though, but that's a small price to pay for not having to trust a website to look after your driver's license number and all that, plus your bank won't be able to tell that you're trading cryptocurrencies (which they tend to frown upon).
I've also had luck with Shapeshift.io for trading different cryptocurrencies for other cryptocurrencies.
How about donating to some cool bitcoin open source projects and other common infrastructure that the ecosystem benefits from.
e.g.
Bitsquare/Bisq - Decentralized fiat/btc exchange.
r/bitcoin mods. They clean up a lot of a spam and keep the subreddit readable.
JoinMarket - Improved bitcoin privacy with coinjoin. (Disclaimer: I develop for this project)
Electrum servers. Essential for the functioning of one of the best bitcoin wallets, many of these servers accept donations.
I recommend you check out Bisq.
It's P2P, anonymous, no KYC, opensource, decentralized, runs over Tor.
This way your transfers will only be to other peers and not a centralized exchange and so there's no real way to censor them.
And used SafePal or Ledger Live for wallet.
Hardware wallet is optional with SafePal and it has no KYC binance built in.
If you’re dealing with strictly bitcoin only than go with electrum if you are using android or desktop.
You could try out Bisq which is a decentralised exchange (https://bisq.network but I guess you ought to look up the link yourself rather than rely on a random stranger :-)). Once you make a trade you can send a payment with your bank. The learning curve is steep but to the banks, it will just look like a normal transfer to another person.
Wait for atomic swaps to do BTC -> XMR then you won't need exchanges anymore, just to get BTC. Or https://bisq.network/ , https://localmonero.co/ or any other p2p exchange
id take the loss on this one. lesson learned, paypal is shit.
id highly recommend checking out https://bisq.network , they are very careful as to which payment methods they accept and specifically avoid ones with a chargeback risk. for ones that do have a chargeback risk, they have a few other methods to help make it more secure.
this is on top of being a p2p, decentralized exchange without kyc, the way bitcoin was intended to be exchanged.
This article is the most objective view on the subject. Posted offers are the worst ones (not taken).
https://bisq.network/blog/trading-trends-august-2020/
Independently of your payment method, make your own big offers.
Did you actually get some from an ATM? If you do hold at least some Bitcoin you can use a DEX(Decentralized Exchange) like Bisq
What you are going to want to do(assuming you are in the US and buying less than $1000 a day) is use your Bitcoin you have for escrow in Bisq and use a USPS money order to buy the Bitcoin. USPS money order has no age requirements and no need for a license. The best part is you are actually buying Bitcoin the best possible way and you will be annonymous on the blockchain and not supporting those scummy corporations you mentioned.
Be very careful with the money you invest though, and dont invest more than you are willing to lose. it's good to learn from your mistakes but even better to learn from other's. Bitcoin is a great thing, but still speculative.
Changelly has been known as scammers for years. Their KYC/AML policy is how they rationalize stealing from customers. Nobody should use them. I also agree with the other user here that says Bisq is the way to go.
It's very nice to see activity in the JPY order book!
https://bisq.network/markets/?currency=btc_jpy
​
It's worth remembering that this happened through the initiative of the Tokyo Bitcoin meetup and largely as a result of Localbitcoins blocking cash trades.
​
As an incentive a few bounties were also created specifically for JPY/BTC:
-1st trade bounty
-Market maker bounty
-Liquidity party bounty
​
We should definitely learn from this experience and use it to create new markets. The most important lesson IMHO is that there was a clear demand and involvement from the local community. With people willing to explain how Bisq works and teach newcomers.
For sure. Monero should encourage its users to only use Tor Network Onion Sites / Hidden Services and to only use decentralized exchanges like https://bisq.network
XMR.to has an onion site and is a fantastic resource for converting Monero to Bitcoin.
Wasabi Wallet for bitcoin is also a great resource. .
I find using a mixture of all these services together allows me to maintain an optimal level of privacy.
BTCMarkets have 0.085% trade fee, no fee for deposits, 0.001 BTC withdrawal fee.
Its not great. Best feature is OSKO deposits. once verified you can deposit (with PayID/OSKO) and use the money to set a limit order within 5 minutes.
I hope not to use any centralised exchanges moving forward, please come join us on BISQ to increase AUD liquidity, its a DEX.
No KYC/AML. The main issue with BISQ is you need to already own BTC to trade (small portion locked up as deposit) and you need to leave the program running 24/7.
check it out. https://bisq.network/
We already have P2P decentralized exchanges, that can't be banned/stopped. See https://bisq.network (ex- Bitsquare).
Do govs ban the torrents? Nope, because they can't ban something that can't control.
The key is DECENTRALIZATION.
If you trust him, lend him some of your stack so he can start buying on bisq.network. Bisq supports payment methods such as cash by mail, USPS Money Order, and face-to-face, that completely bypass KYC.
It also supports more convenient payment methods such as Zelle. If your friend uses these type of payment methods, there is KYC involved to set up the accounts (on those apps, NOT in Bisq), but there is no mention of bitcoin in the payments.
Bitcoin giftcard is one thing and buying bitcoin with giftcards is another.
A Bitcoin Giftcard would simply be a bitcoin wallet with some amount of bitcoin in it. The wallet can be created with any of the gazillion wallet softwares out there. You could make a giftcard out of it by sending the private keys to someone. The keys can be sent as QR code or a list of seed words.
Buying bitcoin with giftcard is something different. It's also possible, for example using bisq where you can buy bitcoin using amazon gift cards.
Finished setting up Bisq for the first time! Transferred the funds needed to get started from my umbrel node's balance. Made my first buy via Bisq (also to get signed).
Flinged away the dirty fiat.
Awaiting the arrival of my precious sats.
Good stuff. Shoutout:
https://bisq.network/
Check out https://bisq.network/
Trades can be done for Euros with SEPA, SEPA Instant, Revolut, and N26
No KYC required. If you have access to any of the above accounts you will be able to stack your sats!
Maybe this offers are under 0.0q BTC, meant to sign buyers accounts, so sellers demand higher premium to pay for the risk. The lower the trade amount, a higher premium is demanded usually.
https://bisq.network/blog/trading-trends-august-2020/
Also, look at past trades instead of order books to know what prices are people really paying instead of what offers are not being taken.
Bisq is a distributed peer-to-peer bitcoin exchange network built on open-source software.
Just download the software at https://bisq.network, set up an account (all local on your machine -- no central servers), and create an offer to buy or sell bitcoin (or take an existing offer from someone else) for CAD. Useful if you want a high degree of privacy for exchanging bitcoin.
You can use Interac or TransferWise to settle trades.
Bisq has active USD and EUR markets, but CAD never quite caught on, so this initiative is meant to fix that.
You can see the getting-started guide for more details on how to get started with Bisq.
https://bisq.network the trading fees are very low especially if you use BSQ for funding trading fees. sometimes sellers will add a premium, but ive often been able to buy at market price. beyond that, it is a decentralized exchange which makes it far better than any cex, regardless of the fees
How to buy/sell Bitcoin without kyc
Or you could coinjoin using wasabi wallet
Or by using joinmarket
I believe the security vulnerability was already patched.
v1.3.0 release: https://github.com/bisq-network/bisq/releases/tag/v1.3.0
Full statement: https://bisq.network/statement-security-vulnerability-april-2020
Twitter thread: https://twitter.com/bisq_network/status/1247898001915297801
I think it’s important to mention the privacy concerns associated with bisq and especially the importance of avoiding coin merge (as outlined in that post on the bisq blog).
What I took this to mean was never let your bisq wallet touch a wallet that hasn’t been mixed if chain analysis is a concern of yours, so bisq trade straight to -> green (I.e do not use bisq internal wallet for trades) -> wasabi / samurai-> coin mixing -> newly created wallet... or something of the like.
And I mention this, because I think the step after KYC would be CA.
everything herein is purely for educational and entertainment purposes..
u/kyber70 There's also an API being developed to facilitate trading. You can find more info on the Slack channel's #api and #markets. The above one is only for looking up trades and offers.
I would try Bisq . They’re a decentralized version of Local Bitcoins but very young so the market liquidity is much less.
They have an arbitration service to combat fraud.
Also, I would stop using The blockchain Wallet and switch to something client side.
Bisq on the net :
r/bisq
Bisq :
- open-source code
- decentralized with a P2P network over Tor
- requires no registration, stores no personal data (no database to stole)
- secures exchanges thru use of multisig adress
- secures exchanges by asking mutual deposits
- provides a human arbitrator in (rare) case of dispute
- Bisq itself is not a company. It is an open source project organized as a Decentralized Autonomous Organization (DAO).
Just looking at their list of supported coins, the amount of junk there is staggering...and unfortunately Nano might be buried under that pile of trash. I mean what the hell is BCHC (Bitcoin Clashic) or BTCC (some scam listed as Bicoin Core ?!)
Try BISQ! It's a great decentralized exchange that does not require tedious KYC and is compliant with US and European banks (so you can send and withdraw money to your bank accounts)
Amazing how people are so ignorant and not even know about this powerful exchange. I use Bisq from the beginning when was Bitsquare. When I read their philosophy I realiozed that this is the way we have to follow with Bitcoin.
I am an old user, in 2012 I jumped into Bitcoin Revolution and all time HODLER, I used many exchanges, but when I saw Bisq, I closed all other accounts from centralized and heavily monitored exchanges.
The future is DECENTRALIZED AND OPEN!
BTW, many other DEX (decentralized exchanges) are coming: https://github.com/distribuyed/index/blob/master/README.md
>Pure reputation without the option of arbitration is a weak protection system, as you can never avoid sybil or long con attacks. It is also problematic for protecting privacy and apply it in a decentralized way.
The multisig arbitration process and the security deposit forfeiture threat is more than enough to prevent bad actors, but it is somewhat complicated and makes some people nervous. They're right in that their way is better, but it's still a hard sell.
It's safety is higher than localbitcoin's (your coins stay on your hard drive until your listed offer actually gets executed).
Their FAQs are wonderful an explain how their security works.
Stop using centralized entities that have to submit to the power of the state. Step into the decentralized future and start using the most (and only, as far as I know) truly decentralized exchange with a fiat on-ramp: https://bisq.network/
Those petitions worth shit. More than that just expose yourself to your lovely gov...
Use p2p decentralized exchanges like https://bisq.network and all will be fine. Optional dump all the fiat and use only BTC. There is no gov that can stop you doing that.
If you still believe in your gov shit, you should ask yourself this: https://www.youtube.com/watch?v=kPYUNN7QkPY
you don't. Bisq will never keep your fiat. Only a small part of BTC as escrow.
Please read and watch their documentation, is plenty of information out there.
https://youtu.be/9JW25wXnPls
https://youtu.be/-o9CKiivyIc
https://bisq.network/faq/
/r/Bitcoin/comments/81q04l/i_tried_the_bisq_decentralized_exchange/
>Why do most sites require ID to buy coins?
KYC/AML compliance
>And is there a good site to do it without?
Depends where you are... Bisq, LocalBitcoins...
PSA - coinbase is not a recognized exchange on www.bitcoin.org
That alone should mean something to everyone investing in bitcoin.
Gemini and itBit are the two US exchanges listed.
https://bisq.network is the first on the list of international exchanges
multiple peer to peer exchanges have existed for some time now . And with cross atomic swaps on the lightning network exchanging currencies within are ecosystem will be simple and extremely inexpensive . Here is an example of a p2p exchange - https://bisq.network/
Prime the pumps by arbitraging between exchanges and localmonero.co for cash.
Also, if you are patient, arbitraging on bisq can be extremely profitable as a maker because of the huge bid-ask spread.
KYC (Know your Customer) and AML (Anti Money Laundering) laws in many countries mean that when buying over a registered exchange, you need to share this information to setup a new account. Localbitcoins and Bisq don't require registration.
Some exchanges don't do business in some countries. That's all really. There are other options, like bisq. https://bisq.network/
I still recommend Strike though. https://www.reddit.com/r/BitcoinBeginners/comments/q73ojs/how_can_i_buy_bitcoin_best_app_you_buy_with_will/hgjntqh/
You can buy on Bisq. It's a completely decentralized exchange, that works using peer to peer software that directly connects sellers and buyers and uses BTC in multisig transactions for security deposits to prevent fraud.
Only downside is that you need small amount of bitcoin to get started, so you can make the security deposit for your first purchase. If you don't have any, you can contact other users on their Keybase chat and buy some, or find a friend you trust and wants to sell you some BTC.
The idea is that you could send and trade crypto on a DEX (no Fiat, though, like you mentioned) on here. Ergo, you could buy Dai and trade it here for cryptocurrencies, needing to declare only the Dai, e.g., for tax purposes.
Furthermore, if you want an onramp that doesn't use KYC, consider Bisq. This is a Fiat onramp to Bitcoin and other cryptos that operates on a P2P basis, e.g., you interact with individual sellers, and the Bitcoin will be managed by a smart contract and given to you only when you pay them in something like Zelle or Western Union.
yes, if you go buy stuff in the alley. but if you use a proper decentralized exchanges that has controls to prevent scam, then you are not taking anyone's word on anything. read up on https://bisq.network
That's an extremely weak estimate though, especially if you are looking for a precision as narrow as 0.8%. Because that's an asking price and not necessarily a trade that has successfully completed. There can be trades people are less likely to take, e.g. security deposit is too high, or seller is asking for an obscure payment method. And every now and then, somebody will sell BTC at a low price if they want to sell in a rush, but it may not stick around for long.
If you want a better estimate there is some past completed trades data to work with https://bisq.network/markets/
Yes, the deposit is returned to your bisq wallet on completion of the trade after which time you can remove the deposit to a wallet of your choice or leave it for your next trade the choice is yours. If you have a friend or family member that already owns btc ask them to sell you enough for your 1st trade, if you make your 1st trade small it reduces the anxiety and will help you understand the process. It seems a steep learning curve when you start but gets easier. https://bisq.network/getting-started/ bisq getting started.
Klar geht das. Wir beide könnten einen Kauf/Verkauf aushandeln. Du gibst mir Bargeld und deine Bitcoin Adresse, ich schicke Dir die Bitcoin. Nennt man "OTC (over the counter) Geschäft", da es die Börsen umgeht.
Es gibt auch mittlerweile auch P2P basierte Plattformen zum handeln (z.B. https://bisq.network/de/). Ich weiss aber nicht, wie sicher die sind.
Because of KYC AML it takes a lot longer these days to get in to Bitcoin. Before it was a breeze. I remember going to localbitcoins.com and just transferring cash to someone's bank account to get my Bitcoin.
I'm afraid if you register with another exchange, you'll still need to wait for the KYC process to complete.
Maybe you can try something like https://bisq.network ? It might be faster.
coinbase probably needs extra verification to lift the limits.
look for an ATM near you.https://coinatmradar.com/
try BISQ https://bisq.network/
AML/KYC laws have made the exchanges ask for your first born child before you can start moving any large amounts.
Bisq is usually cheaper than an ATM
Do you mean the spreads? They aren't very high, it depends on the market and if it's a bull or bear market. https://bisq.network/blog/trading-trends-august-2020/
Other than spread, you need to pay mining and trading fees.
Been messing with bisq.network which is supposed to be P2P & routed through Tor & opensourced.
But tbh it seems so sketchy that I'm hesitant to actually send BTC to its escrow and trust it won't get lost due to unaudited code or smth.
Most exchanges will not accept credit cards or prepaid cards .
Bangladesh is a more difficult country to aquire Bitcoin but here are the ways
https://bisq.network (but you need some starting btc to begin trading )
purse.io (expect to pay at least a 10-20% premium )
kraken.com (best bet but you will need to wire the funds)
The source code has been revised and amended to null the attack vector. (V1.3.2)
The attack was focused on XMR/BTC pairs. Most bitcoin beginners would be using Fiat/BTC pairs. This function remains secure so long as both parties follow the trade procedure.
Well, Bisq also had pretty big "hack" recently, meaning exploit of the bug: https://bisq.network/statement-security-vulnerability-april-2020
But still, I would also recommend Bisq. You still hold your funds, though problems due to software bugs might still happen.
What is https://bisq.community and what is https://bisq.network ? That's confusing. If the former is the forum for the latter, why is it not hosted at forum.bisq.network instead? Especially when an alert invites me to get information from X, I don't want X to be an "unrelated" url.
I fear you're a little late to the races if its an S9 you've bought. How many terahashes does it perform?
It's been 5 years since I mined using slushpool. They paid regularly and had no issues. One thing is I quarantined a few a hundred thousand satoshi's everyday so when the electricity bill came each quarter I had the readies.
Yes you can send your pool wallet funds to an offline wallet using your public key. Your Ledger should have instructions for this.
You're going to get many people advising you on which wallet and exchange to use, personally I like Bisq. You can privately trade btc for fiat using a decentralised model of peers. No company holding your data or anyone keeping tabs on you. Plus it's one of the few exchanges where it is possible to hold your own private keys and you can sell bitcoin at your choice of margin.
Bitcoin it's permissionless, decentralised and doesn't operate in the traditional financial network. It has a limited supply of 21 million with the inflation rate halving every 4 years so you can hold it without fear of significant debasement. No one will know you have it as you can hold it just by remembering a series of 12 or 24 words. This is called your seed from which your private keys are derived from. You can get very creative with the way you wish to remember these words and the good thing about it is most people don't understand how it works so even if your wife was staring at your seed she probably wouldn't know what she is looking at. You can exchange it for fiat using decentralised exchanges like Bisq. Your Bitcoin will be everywhere and nowhere accessible 24/7 either via the internet or satelitte if you're nerdy enough.
Similar to how bitcoin is an open protocol, oh, ... and there happens to be an open source reference client named Bitcoin Core, Bisq is an open protocol and there happens to be an open source reference client of the same name. Development of the protocol and this client occurs through the governance of a decentralized autonomous organization (DAO).
That doesn't mean there aren't attack vectors that could disrupt the network, utility of the application, or the experience for the users.
Also, just like with bitcoin, Bisq is a peer-to-peer network. There is no set of servers that can be shut down to disrupt Bisq. There are Seed nodes that the client uses on startup, but using tor, they are Tor/onion addresses. There are also Price nodes, and those two are Tor/onion addresses.
There's also "spam" attacks that could occur. Fake trade offers, for instance. That's expensive though -- such activity causes bad actor to lose the security deposit.
Rather than attacking a decentralized network, the threat comes from cracking down on the traders. Banks freezing funds received and asking for proof of the source of the funds, or law enforcement sting operations against the higher volume traders for operating as an unlicensed money transmitter, for example.
Of the P2P trading platforms, Bisq is the least vulnerable to being shut down,... by a huge degree -- with the exception of the close-knit trading groups operating on private chat using Telegram or Discord and such, for instance.
I'm not sure you can. Maybe the Slack channel or the forum are better places. Or you need to find some image hosting site to upload it to.