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53287801 No.53287801 [Reply] [Original]

bisq anon here
i have 1 more open buy order on here at $21.5k, come get it
>what is bisq?
its a decentralozed P2P crypto exchange, primarily bitcoin, built on tor
>how do i use it?
install the package, plug and play
>what's the benefit?
no login, no KYC, bitcoin trades at a premium, great for bobos looking to roll their own shorts, arbitragers, and hardcore bitcoiners
>how do i cash out/pay?
bitcoin goes directly to your self-custody bisq wallet, and fiat goes directly to your bank, usually using Zelle or wire transfers
>what are the risks?
you should do a quick search to see how strict your bank is on suspicious activity, for example Ally has approved all of my wire transfers but rate limited me on Zelle, but no serious complications so far
link: https://bisq.network/

>> No.53287835

Can I do arbitrage with KYCed bitcoins?
If I get it, I buy bitcoin at binance for 20k and sell for few percent premium at bisq?

>> No.53287975

>>53287835
yep
the idea is that the person buying your coins won't be directly associated with those coins, then theyll typically mix them before they reach their cold wallet

>> No.53287993

>>53287975
thx.
what is standart premium for BTC?

>> No.53288160

>>53287993
theres a bit of a range, ive seen and bought up to 3%
its a bit wierd in that most orders are placed in terms of rather than price limits, so most buyers list orders around 2% premium while sellers seem delusional and list orders at 10% premium or more

>> No.53288164

>>53288160
terms of premium* rather than price limits

>> No.53288297

>>53287801
Shh, don't tell em.

>> No.53289103

>>53287801
Haven't used this myself, but I've been around a long time and I remember it being mentioned probably somewhere around 2014-2016 maybe? Hard to say off the top of my head. But was supposed to be better than localbitcoins.
Good to see that it made it all this way.
Mostly just posting this to point out it's not one of the random shitcoins or whatever that get posted here 99.99% of the time, since it's probably hard to tell for people.

>> No.53289286

>bisq.exe
ain't opening that shiet nigga

>> No.53289557

>>53289286
>t. windows user who only knows how to use centralized websites

>> No.53289903

>>53288297
>he doesnt want more volume

>> No.53291363

>>53287801
Sure. I'll give every romanian gypsy who's using this my full KYC information*. Good idea.

*which is what you're doing, when you send them a bank wire. "But you can trade for cash!" great way to get stabbed, idiot!

>> No.53291495

>>53291363
the bank cant prove what the purpose of the wire/zelle was, this is for plausible deniability of owning any bitcoin, and a solid way to not have your identity linked to any particular bitcoin address or coins

>> No.53291517

>>53291495
But the other party gets my information. That's true for an exchange too, but at least that's a corporation with an office and not 27 different potentially shady people trying to find someone who's physically near to whack 'em for their corn.

>> No.53291563

>>53291517
imagine how many shady people have accessed the celsius user info, and will access many other exchanges that aggregate millions of crypto holders KYC, and then have one security breach

>> No.53291600

>>53291517
also youre leaking your IP address an announcing you have enough crypto to get whacked for right now if youre not using tor/vpn and posting on this board

>> No.53291603

>>53291563
True. But then again, you're 1 in a million if such a massive breach happens. Celsius customers are safe, everybody knows they're broke now.

>> No.53291651

>>53291603
fair enough, if selling at a premium and being more difficult for stake actors to track down isnt for you, feel free to keep using binance