Started using Bisq decentralized exchange. Great experience.

I started using Bisq decentralized exchange and I have had a great experience. I used to use Coinbase when I first started buying crypto, but the outrageous amount of time it took to transfer USD from my bank to Coinbase/GDAX forced me to find an alternative (not to mention Coinbase data being plundered by the IRS).

I had one problem with Bisq, and it was my first trade. For some reason there was an error and an arbitrator had to come in and help. The issue lasted a few days but in the end the seller got their BTC back (and I never lost my cash). It was a pretty smooth process, and even though it was a problem, the way it was handled gave me confidence in the application/technology.

All of my other trades have gone smooth and I have security knowing my personal dealings can stay private and away from plunder.

Currently there have been between 5-20 trade offers at any given time, which is way up from what it was just a month ago but is still low. This limits my trading abilities, but with more regulation attempts will come more users :)

EDIT: 5-20 USD/BTC trade offers, and many more with other national currencies and/or altcoins.

I definitely recommend any readers to try using Bisq!



Submitted March 11, 2018 at 09:14AM by Atomizer1 http://ift.tt/2FrPjnv

Comments

Post a Comment

Popular posts from this blog

No, Bitcoin is not controlled by a small group of investors and miners (A rebuttal to the TechSpot article)

https://preview.redd.it/vli0ofqwf6w71.jpg?width=3840&format=pjpg&auto=webp&s=2a704c47375637858c27216379ae8313dadf8be8 This could be a long read. Kindly bear with me. I write this primarily in response to the TechSpot article from yesterday ( r/technology mods told me they only allow “ mainstream articles with editorial oversight and fact-checking ” so I'm sharing this here). But I’d also like to take this opportunity to write about Bitcoin more broadly as someone who has been following it for more than a decade and I’ll try to do so without complicating the conversation for anyone unfamiliar with Bitcoin. The TechSpot article cites a non-peer-reviewed National Bureau of Economic Research (NBER) working paper from Igor Makarov and Antoinette Schoar. NBER claims to be non-partisan but it is a private NPO funded by the likes of Bill Gates foundation . The chairman of NBER, Karen Horn, is a former president of the Federal Reserve Bank of Cleveland and Head of Int...
Read more

Day 9: I will post this guide regularly until available solutions like SegWit, order batching, and Lightning payment channels are mass adopted, the mempool is empty once again, and tx fees are low. Have you done your part?

BACKGROUND Segregated Witness (SegWit) was activated on the Bitcoin network August 24 2017 as a soft fork that is backward compatible with previous bitcoin transactions ( Understanding Segregated Witness ). Since that time wallets and exchanges have been slow to deploy SegWit, and the majority of users have not made the switch themselves. On Dec 18 2017 Subhan Nadeem has pointed out that: If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again . Mass SegWit use alone could empty the mempool, result in blocks that are not completely full, and make it possible to include transactions with $0 fee once again. On Jan 11 2018 when BTC sends went offline at Coinbase the mempool began to rapidly empty. Later in the day when service was restored there was a sharp spike up in the mempool . Subse...
Read more