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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW

Website: https://bisq.io
Website II: https://bisq.network
Community Links: https://bisq.network/community/
FAQ: https://bisq.network/faq/#1

Bisq is a decentralized exchange that does not use a website as it’s interface, instead you’ll need to download the app, or if you’re feeling fancy you can build your own app yourself using the source code they provide. Bisq uses the Tor network to connect to the Bitcoin Mainnet. You should take a look around this app once it’s installed and get a feel for the layout. Once you make your way to your account tab, this is where you’ll need to be prepared to backup your Bisq account with a USB drive and also encrypt your seed words using a strong password. Write your seed words down on a piece of paper and keep them safe along with that USB drive you’re using to back up your account. The Bisq app itself does a good job of reminding you what you should do to encrypt your seed words and backing up your account so if you follow their instructions you’ll be fine.

Now that your account is all squared away let’s explore the markets. Bisq has a number of base cryptocurrencies and national currencies you can choose to trade with and there’s also a long list of alt coins to choose from to trade with these base currencies.
You can choose to fill an order that someone else has put out, or you can create your own and wait for it to get filled. When it comes to trading with your national currency, you’ll be able to fill another person’s trade only if you are also using the same type of account to fund the trade, for example, you’ll both need to be using a Venmo account, or Chase Quick Pay. If you don’t see an order that matches with your own account type, you’ll need to create an order of your own.
If you want to connect an account to use to purchase cryptocurrencies with your national currency, there’s plenty of choices here. It’s important to note that the information you provide for trading these national currencies, like your name and email will be shared with whoever you are matched to trade with. This information is stored locally on your computer so Bisq itself does not have access to it.
You’ll also notice that there will be a limit placed on the value of your trades, this is to protect against chargebacks from your national currency account type. As your account ages, this limit will increase. However, there is not a limit on how many trades you can do.

source

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36 COMMENTS

  4. Great thanks Heidi for the very informative and accurate review! You are doing a great job in explaining thing so they are easy to understand even for non technical people! It is one of the best introduction videos or Bisq so far!

  5. I like you because you support true decentralization, and also because you are hot. Bisq does use Tor to hide users' identities, but most cryptos compromise users' identities. Only When combined with a privacy crypto that uses Tor for transaction anonymity like DeepOnion, which is immune to government regulations, tax organizations have no chance of finding out the details of trading. I'm not against supporting my country. I'm against greedy governments that may tax the air in the future.

  11. already traded with bisq and i love it. due to its escrow nature, the wallet can be confusing at first glance, but the app takes you by the hand from start to finish. it is very easy and most things are automated. for all the people, who cant/won't identify themselves on traditional exchanges, or came to late to the party to signup after all those exchanges closed their registration temporarily, bisq will help.

  29. Hi, Crypto tips! What do you think about Cardano? Do you know if Ledgerwallet will support Cardano or any other hard wallets out there? By the way, Bisq hmm hmm regarding placing an order has to match with your method of payment and the email and name will be shared with the person I trade. This doesn't cut it for me now. thanks for the videos always very informative.

  35. looks interesting this DEX bisq … why not name it on the yt title?
    you found your new channel image, now a channel fixed jingle would help imho to create and clarify your yt channel brand, lots of 'free' sounds around the world … thanks, keep up the good work 😀

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