Did you try Bitsquare? If not, why?

[DahRookie]

Complaints about centralized exchanges seem to be on the rise.

An alternative, that is easy to set up, is already there - Bitsquare. No KYC/AML info needed. Perssonal information is stored encrypted, locally and is only shared between two trading parties.

More than 500 successful trades have already happened. No money was lost, no fraud attempts have happened. If you set up an OkPay account, trades can be finalized within minutes. Within the SEPA zone bank transfers seem to work quite well.

Yet, orderbooks at Bitsquare are still very thin:

http://imgur.com/gallery/QZHfi

One experience I made is, when I set up reasonable orders (about 1% from market price), orders are taken quickly.

Another random experience I made (I prefer SEPA) is that I made trades with people from many countries already: Spain, Austria, Sweden, Belgium, Netherlands, France... People I have no relation with, but I don't hesitate to send money there, because I know if I follow the protocol, I will receive my bitcoins.
What is your experience?

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https://github.com/bitsquare/bitsquare/releases

https://bitsquare.io/

https://forum.bitsquare.io/

[DahRookie]

Your input is important to us.

[Carlton Banks]

Definitely very interested in Bitsquare, although I can neither confirm nor deny whether I have been amongst the 500 trades already completed

Now Bitsquare is launched/publicly operational, I definitely want to switch all or most of my BTC trading over to Bitsquare, but it will take time to build the confidence, and in turn, the orderbook/liquidity. You're totally going the right way about this, the platform does need promotion/exposition right now, but in the end, it will do an excellent job of selling/promoting itself as it grows (success begetting success). After all, Bitsquare is the first and only decentralised exchange for BTC <-> fiat, despite lofty promises from other platforms.

[BTCBinary]

I haven't tried Bitsquare before, but the general idea of decentralized exchanges seems very nice to me. I'll be sure to take a look at this new decentralized exchange.

[DahRookie]

Thanks for the feedback and the warm words @Carlton Banks.

If there's any critique or feature requests, you can simply reply here.

[~Bitcoin~]

I have already downloaded bitsquare app but never done any trade in it, i have heard this one works as decentralized exchnage platform but i am yet to figure out how to start.

[European Central Bank]

I'll guess that alot of people use exchanges for the trading aspect of stuff, not to buy coins and immediately pull them out and put them away. I assume bitsquare ain't applicable for that type of action?

[DahRookie]

I have already downloaded bitsquare app but never done any trade in it, i have heard this one works as decentralized exchnage platform but i am yet to figure out how to start.

It's easy:

Doubleclick to install and run
Go to 'Account' to set up the currencies you want to trade (crypto and fiat)
Create Wallet Password (and write down seed and date)
Backup Wallet (Yeah, Bitsquare is a fully encrypted local Bitcoin Wallet, too)
Fund Wallet under 'Funds' - 'Deposit Funds' Tab (at least 0.02 btc, you'll need that for the security deposit)

If you're experienced that takes 2 minutes.

You're good to go buy or sell btc.

[DahRookie]

I'll guess that alot of people use exchanges for the trading aspect of stuff, not to buy coins and immediately pull them out and put them away. I assume bitsquare ain't applicable for that type of action?

That really depends on what you want to do. If you want to trade large amounts (100s of btc at once) Bitsquare's not for you at the moment.

If you're a high frequency daytrader (which most people shouldn't be because it's very risky) Bitsquare's not for you as well. That is because at Bitsquare you trade real bitcoins and not numbers on your screen.

[JohnyWalkerUK]

I honestly never tried it because of the simply reason, I never heard from it and I do not think its also popular for the users on here.
If it was more popular it was also more used for sure.

[DahRookie]

I honestly never tried it because of the simply reason, I never heard from it and I do not think its also popular for the users on here.
If it was more popular it was also more used for sure.

That's probably true. The main reason is that Bitsquare development is self-funded (+ a couple of generous donations). There is just no money for advertising. It's a community project.

Do you have any ideas, how we could push Bitsquare to the next level?

Any help is welcome!

[Windpower]

I've had the bitsquare installer just sitting on my desktop for over a week now, because I simply have no need for it. With the halving so closer though, maybe I soon will

I honestly never tried it because of the simply reason, I never heard from it and I do not think its also popular for the users on here.
If it was more popular it was also more used for sure.

That's probably true. The main reason is that Bitsquare development is self-funded (+ a couple of generous donations). There is just no money for advertising. It's a community project.

Do you have any ideas, how we could push Bitsquare to the next level?

Any help is welcome!

Signature campaign? It'll be a relief to see something that's not a gambling site being advertised

[DahRookie]

Did we learn from the Bitfinex fuck-up?



Show Bitsquare some love and get your business over there.

Bitsquare does NOT store user funds.

[Lionidas]

I have tried it and must say I am impressed with the level of service that they provide and the features that were available to me when I looked into opening an account with them.

[Deuceisgood]

I've taken a look, and more or less decided to migrate my trading over to one or another decentralized exchange. (I think Bitsquare is the one I looked at ... are there others?) But I'm not actively trading right now, and would like to see liquidity improve etc. before I put my coins at risk and invest (again) in the learning curve required of a new platform.

[DahRookie]

Thanks for your feedback!

Liquidity is our main concern right now.

The platform works as expected with just minor bugs that are promptly taken care of. No funds were ever at risk or even lost.


We just added trading stats: https://market.bitsquare.io/