We need more people in Bisq.

[BADecker]

Bisq is a working method for trading Bitcoin for cash and other 'things'. They describe themselves as an "Exchange, Decentralized." Being decentralized, and on your computer - computer to computer - you avoid much of the control that standard (incorporated) exchanges exert over you.

After all, secure decentralization was the whole idea behind Bitcoin in the first place. And Bisq has it.

Do you know of any other totally decentralized exchanges?

[Oshosondy]

Do you know of any other totally decentralized exchanges?

Robosats is an alternative. It has lightning network. But use the exchange with Tor for it not to be frustrating.

The problem I have with decentralized exchanges is that people from my currency are not there. People that will enjoy them are from countries that are spending United dollars, Euro and Pounds.

You can see other options here: https://kycnot.me/

Read about the exchanges very well on the site before proceeding.

[Nathrixxx]

After all, secure decentralization was the whole idea behind Bitcoin in the first place. And Bisq has it.

It baffles me that there are no much users on these decentralized exchanges as we have people concentrating more on centralized exchange, despite the way we present to them of the danger in using a custodial storage, another thing is that this fee numbers of user found on them make it more difficult to enjoy p2p trade there, because you may only have few selected ads with unfavourable rates.

Do you know of any other totally decentralized exchanges?

Let's give a try to hodl hodl, it is almost similar to bisq and also a decentralized exchange.

[BlackHatCoiner]

Do you know of any other totally decentralized exchanges?

There's also Haveno, but for Monero, which is a fork of Bisq. No, there aren't any other "totally decentralized", nor do they have to. There are centralized, semi-centralized like Robosats and Peach, and completely decentralized and robust protocols like Bisq.

Bisq is nice, but I'm starting to think that being completely decentralized can also be a downside, because if you frequently trade bitcoin for fiat currency, you'll need to buy their colored bitcoin token (used as trade fee for their DAO), and also, the taker of an offer pays absurd amounts in mining fees, sometimes. It's cool to trade decentralized, but it can be complicated.

[BitMaxz]

Never had a chance to test Bisq or even Robosats as suggested above. I tried to install them and try to test them, but sadly most of the buyers of crypto there or accepted payment methods are not supported in my country; mostly US are those who can use it. I can't find anyone in my country selling or buying crypto there.
We don't have any option but to use big exchanges like Binance or OKX for KYCed P2P.

For now, I can't find a totally decentralized exchange. If you are living in the US, then BisQ or RoboSats are a good option.

[FortuneFollower]

Nope, as I didn't use such platforms.

I see that this BISQ is mostly for US-only, so..

[Ucy]

Fully decentralized exchanges need to be
- Permissionless
- Trustless (no one is trusted, or things are controlled, verified and approved by people who aren't collaborating knowingly or unknowingly to work against the dexes's ideals)
- Decentralized control: data should work and be controlled in decentralized manner. Be careful with exchanges hosting data on centralized or semi-decentralizd Blockchain or things
- Transparent
- Immutable
- Privacy-friendly

Better to use well decentralized system, like Bitcoin, with those ideals, for storing or holding vital data.

And the exchanges could try using hard-to-resist and sustainable incentives to attract more buyers and sellers. I recommend they also include local-first marketplaces for buying and selling of goods and services in ways that almost guarantee patronage. This will help keep the exchanges very busy

[Findingnemo]

I see that this BISQ is mostly for US-only, so..

You can use Bisq from anywhere, and you can even find fiat list for most of the currencies but the problem is not enough liquidity. I wanted to use BISQ for very long time yet there is no liquidity at all and the prices were like 80% less for selling and 100% over for buying. So as the title says we need more people to bring the balance and liquidity on bisq.

[FortuneFollower]

I see that this BISQ is mostly for US-only, so..

You can use Bisq from anywhere, and you can even find fiat list for most of the currencies but the problem is not enough liquidity. I wanted to use BISQ for very long time yet there is no liquidity at all and the prices were like 80% less for selling and 100% over for buying. So as the title says we need more people to bring the balance and liquidity on bisq.

Hm. Maybe it needs field testing then. Thanks for your input.

[MusaMohamed]

Bisq is a working method for trading Bitcoin for cash and other 'things'. They describe themselves as an "Exchange, Decentralized." Being decentralized, and on your computer - computer to computer - you avoid much of the control that standard (incorporated) exchanges exert over you.

After all, secure decentralization was the whole idea behind Bitcoin in the first place. And Bisq has it.

There are attempts to education people about Bisq, taught them how to use Bisq, and even a signature campaign but I can find a topic of its signature campaign.
[ANN] Bisq - Exchange, Decentralized.
[GUIDE] How to buy and sell Bitcoin using Bisq

Alternatively you can use Robosats.
[Review] Robosats Bitcoin Lightning on-/off-ramp (no KYC, P2P, Tor)

[HONDACD125]

Most people these days barely care about decentralization or privacy, so they don't care whether the platforms they are using are asking for identity verification or anything, as long as they are getting the work done, they feel they are doing well. For this reason, you will often find people using P2P platforms within centralized exchanges, such as Binance and OKX, because they are convenient, and people mostly use these exchanges for trading purposes, so they don't want to use a separate platform to sell their assets as they will need to withdraw them from there first and it's a real hassle.

I myself mostly use Binance P2P whenever I need to convert some my assets to fiat because it's pretty convenient. I have never used decentralized platforms so far, the reason is basically the same that I mentioned above, I don't want to spend money on fees to withdraw the coins from there to another wallet first and then use a decentralized platform, I also use centralized platforms for trading because they have more options available, especially futures trading is not available in decentralized platforms which is what I mostly do.

[dkbit98]

Bisq is great for trading bitcoin for cash without kyc, but not everybody is ready to use it.
It's probably easier to use it with Bisq Easy mobile version, but downside is that rtaes could be higher than on centralized exchanges.

Do you know of any other totally decentralized exchanges?

BasicSwap is similar alternative but only for trading Bitcoin with coins, there is no cash option.
Another similar alternative is RetoSwap or Haveno, that is fork of Bisq based on monero for more privacy.
I should also mentione PeachBitcoin app as easy p2p alternative that supports cash trading.
 

[BADecker]

I would like to thank all of you for your really good information.


I checked the size of Bitcoin Core. The latest release seems to be in the range of 70 megs, depending on the system you are using. The '.deb' form of Bisq is something like 400 megs in size as a .deb download... a lot larger than Bitcoin Core.

The Bisq programming shows the thinking that went into it to make it so big. It seems to be almost flawless, and the programming anticipates the way people think, extremely well. Besides, it is loaded with features so that you can really see what is going on with your trading without having to resort to forms of programming-script-reading.

I am not enough of a programmer to know if 'bulky' Bisq is better than almost featureless (on the outside) Bitcoin Core, but they do different things. So a comparison might not be possible. The point that I might make is, couldn't the Bitcoin devs have built a second version of Bitcoin Core, with Bisq-like features already built in? Or is that what Monero does? The Bitcoin devs could still do this, any minute that they wanted. Or is it some of the devs that built Bisq?


Anyway, thanks again to all of you.

[promise444c5]

I checked the size of Bitcoin Core. The latest release seems to be in the range of 70 megs, depending on the system you are using. The '.deb' form of Bisq is something like 400 megs in size as a .deb download... a lot larger than Bitcoin Core.

Both are just base installer files.. When you perform IBD on Bitcoin Core, its data directory takes up far more storage, unless you run it in pruned mode.
Hence I don’t really get the size comparison..An installer being large doesn’t mean the software itself is heavier or more demanding, you can easily have poorly designed software with a multi GB base installer.

I am not enough of a programmer to know if 'bulky' Bisq is better than almost featureless (on the outside) Bitcoin Core, but they do different things. So a comparison might not be possible. The point that I might make is, couldn't the Bitcoin devs have built a second version of Bitcoin Core, with Bisq-like features already built in?
~

You already mentioned they do different things.. so I will ask you, do you want a wallet or an exchange?

[mindrust]

Everybody says bisq needs to be used more but yet I don’t see anybody wearing a bist signature when they are not in a paid sig camp at least. I only saw one or two guys in the entire forum carrying a bist signature.

If you are serious about bisq, you can go to this topic, wear the bist signature and promote bisq actively instead of whining about no liquidity.

Bisq ain’t no company as far as I am aware so they don’t do any marketing… just like bitcoin never did, but apparently bisq needs that extra hand from us, unlike bitcoin.

[BADecker]

~

I am not enough of a programmer to know if 'bulky' Bisq is better than almost featureless (on the outside) Bitcoin Core, but they do different things. So a comparison might not be possible. The point that I might make is, couldn't the Bitcoin devs have built a second version of Bitcoin Core, with Bisq-like features already built in?
~

You already mentioned they do different things.. so I will ask you, do you want a wallet or an exchange?

Why not both? Wouldn't such a thing really eliminate exchanges, and the freedom to be centralize for those who want centralization? That's why I suggested two Cores. Bitcoin Core as it is only goes half way regarding decentralization.

~

If you are serious about bisq, you can go to this topic, wear the bist signature and promote bisq actively instead of whining about no liquidity.

~

I'm too busy wining to be whining.

[promise444c5]

Why not both? Wouldn't such a thing really eliminate exchanges, and the freedom to be centralize for those who want centralization?

There’s Bitcoin, and then there’re altcoins..

So tell me what exactly do you want to exchange? Bitcoin for bitcoin? You can do that by just sending to other   recipients’ bitcoin addresses.

If you need to trade your bitcoin for altcoins then you could easily just make use of exchanges (DEX or CEX).
Core is Bitcoin only and shouldn’t be mixed with anything apart from bitcoin.

[BADecker]

Why not both? Wouldn't such a thing really eliminate exchanges, and the freedom to be centralize for those who want centralization?

There’s Bitcoin, and then there’re altcoins..

So tell me what exactly do you want to exchange? Bitcoin for bitcoin? You can do that by just sending to other   recipients’ bitcoin addresses.

If you need to trade your bitcoin for altcoins then you could easily just make use of exchanges (DEX or CEX).
Core is Bitcoin only and shouldn’t be mixed with anything apart from bitcoin.

Value for value, in any decentralized way. Of course, essentially all value is perceived value... except in great pain or great joy. Bisq simply makes it very decentralized.

[Abiky]

Bisq is a working method for trading Bitcoin for cash and other 'things'. They describe themselves as an "Exchange, Decentralized." Being decentralized, and on your computer - computer to computer - you avoid much of the control that standard (incorporated) exchanges exert over you.

After all, secure decentralization was the whole idea behind Bitcoin in the first place. And Bisq has it.

Do you know of any other totally decentralized exchanges?

Well, Bisq is only a PC software client. It lacks an Android/iOS version for mobile devices. Most people these days use smartphones, rather than PCs/laptops. Bisq is missing a large number of users because of this. Besides Bisq, there is another alternative called Block DX. It's a software client like Bisq, but leverages multiple chains for multi-crypto trading. It's sort of like an atomic swap, where you can exchange one coin from another between Blockchains. You can read all about it here: https://docs.blocknet.org/blockdx/introduction/

There's also the Komodo Wallet which makes use of atomic swaps technology to exchange between different cryptos. Like Block DX. More info: https://komodoplatform.com/en/blog/what-is-atomicdex/

Crypto land is in need for more truly-decentralized exchanges now that governments are tightening KYC/AML rules. But the imprisonment of Tornado Cash developers sets a dangerous precedent. Will developers be scrutinized by the government by creating a truly-decentralized exchange? My guess is, yes. They will only succeed if developers disclose their identities online. There will be no problem if everyone follows Satoshi's footsteps. Hope this helps.

[MusaMohamed]

Well, Bisq is only a PC software client. It lacks an Android/iOS version for mobile devices. Most people these days use smartphones, rather than PCs/laptops. Bisq is missing a large number of users because of this.

Don't have applications for mobile devices on Android, iOS is a big disadvantage of Bisq but not only this. Bisq market has very low trading volume compares to other competitive Peer to Peer marketplaces. So people if are not too serious with privacy, will not use Bisq while they would prefer to use other P2P marketplaces with higher trading volume while privacy will be less procted than on Bisq.

These not too privacy P2P marketplaces can be shutdown, seized by governments as some stories show that but Bisq is truly decentralized and will not be shut down.

Help: A list of LocalBitcoin alternatives (P2P marketplaces).