How to Take an Order in Bisq
WCN
·
2018-12-13
·00:07:17
·World Crypto Network
Bisq is an open-source, peer-to-peer application that allows you to buy and sell cryptocurrencies in exchange for national currencies. No registration required.
Bisq does not require identity verification, it is decentralized, non custodial, privat, open source and very easy to use!
Check it out at ...
Summary
Here's a summary of the World Crypto Network episode "How to Take an Order in Bisq" from December 13, 2018:
1. Main Topics Discussed:
- Order Taking Process: The episode demonstrates how a user ("Satoshi") can accept an order placed on the Bisq decentralized exchange.
- Order Details Review: It highlights the importance of carefully reviewing order details like price, Bitcoin amount, Euro amount, payment method, and fees.
- Security Deposits: Explains the security deposit system, including the buyer's (Helfini) deposit and the seller's (Satoshi) deposit.
- Multi-Signature Escrow: Details how funds are held in a multi-signature wallet with keys held by the seller, buyer, and an arbitrator.
- On-Chain Transaction Times: Addresses the wait time for block confirmations due to the use of on-chain Bitcoin transactions.
2. Key Quotes:
- "This is a no bullshit song, okay? Really go through and stick with the trades as soon as you press confirm here."
- "That truly is it. That is how easily you can, as we said in the last video, create an offer, and how Satoshi can take the offer now here."
- "This is what true freedom tastes like, and oh, it is delicious."
3. People Mentioned:
- Hellfini: The buyer who created the order.
- Satoshi: The seller who is taking the order (used as a demonstration).
- Satoshi Nakamoto: Referenced in the context of the user taking the order.
- Arbitrator: Mentioned as holding a key in the multi-signature wallet.
4. Bitcoin Price:
- The Bitcoin price is mentioned as being equivalent to €30 for 0.0098 BTC. The episode does not provide a specific USD price.
The episode emphasizes the user-friendliness and freedom offered by the Bisq platform, while also explaining the technical aspects of the order-taking process.
People mentioned