I tried the Bisq decentralized exchange

Ticker

1 BTC = $19358.42 USD  (via Coinbase)
1 ETH = $1328.24 USD  (via Coinbase)
1 LTC = $53.64 USD  (via Coinbase)
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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 outright.

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 /u/qertoip
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1 CRYPTO

Crypto News & ICO Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $19358.42 USD  (via Coinbase)
1 ETH = $1328.24 USD  (via Coinbase)
1 LTC = $53.64 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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