Bisq (Bitsquare) Reviews

about Bisq (Bitsquare) · · Helpful Not helpful 1 Helpful Report as spam

The good
• Fully open source. If you are not familiar with "open source", it means Bisq is more secure. Because its code is publicly available for review and contributions on GitHub at https://github.com/bisq-network
• 100% decentralized. Using peer-to-peer (P2P) transactions. This allows you to reduce your cost and increase your profit. Simply because you do not have to pay fees to a third party/middle man.
• More secure. Because the decentralized P2P transactions occur directly between the buyer and seller. So the exchange is not vulnerable to hacks or thefts DDoS attacks. Compare to centralized exchanges such as Coinbase, Bitfinex, or Mt Gox, which are all vulnerable to those challenges. With Bisq your wallet(s) are securely stored locally on your computer. Your funds (fiat/national currency, crypto, including altcoins) are never held by Bisq. Instead they are stored locally within your wallet(s) or within your own bank/credit union account.
• Stronger privacy. You can do all your transactions while being fully anonymous and untraceable. Bisq is able to do that by not requesting registration, and by using Tor hidden services and end-to-end encryption. In other words, with Bisq you get financial privacy and data. As they are not publicly exposed. Private data is only accessible to the traders involved. Read more about Tor hidden services at https://www.torproject.org/docs/hidden-services.html.en
• Cross-platform. Available for Linux, Windows, Mac.
• No censorship. You are really free to trade with anyone to your liking and express yourself. Of course within the legal limits and community agreements.
• Bisq is also a bitcoin wallet. Again you reduce your cost because you do not need a third party for your wallet(s).
• After you know how to use Bisq, signing away your privacy and sending your money to an untrustworthy third-party will all be distant memories in the past.
• And there are no servers that could be seized.

The bad
• Advanced trading features are not yet available. Bisq is fully functional but still in its early development.
• For your transactions to fully complete you need to keep your computer or device open, it needs to be connected to the internet, and you need to be online. Your device needs to be on and connected to the internet because the order books are hosted by you. In exchange you get stronger security and privacy. As for you being available online it is required for you to complete your actions such as security deposit. In exchange you get a solid protection against fraud.

Video
• Introduction https://youtu.be/7QXReLxJ0Rk or https://vimeo.com/113838717
• Demo https://youtu.be/reQ0M1_SPsA
• Overview concept https://youtu.be/VBdpujCjFAs
• Bisq.network website overview https://youtu.be/H81o8YVzBZk
• 8 Reasons Bitsquare is the Best Way To Buy Bitcoin (UPDATED) https://youtu.be/uI3JH6agpLw
• Manfred Karrer, creator of Bisq (formerly Bitsquare), on peer-to-peer exchanges https://youtu.be/MpQcSHWW7PE
• World's First Decentralized Currency Exchange to Launch April 27! https://youtu.be/Torsqmubq68
• Tutorial: Trade process overview https://youtu.be/upENHwHzqZM
• Tutorial: Software demo in details https://youtu.be/r0kEZ-8uCmY
• Tutorial: Arbitration system https://youtu.be/MVUhPh76vOQ
• Tutorial: Protection mechanisms https://youtu.be/PgRG2ZvJ00k

Note
• Bisq is the new name for Bitsquare

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about Bisq (Bitsquare) · · Helpful Not helpful Report as spam

It enables BCH, BTC, and numerous other cryptocurrencies to be bought and sold without needing to first scan your passport, driving license, disclose your financial history, and attest to the origin of your bitcoins. It’s how a cryptocurrency marketplace ought to be in other words.

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