Crypto Tips: Could This Be the Ultimate DEX? Buy BTC/ETH/Dash with USD/EURO/CAD... and More.

  • Thursday, 22 March 2018 18:50
Thinking about purchasing a Ledger Nano Hardware Wallet? Browse their official website: https://www.ledgerwallet.com/r/67ef Want to join coinbase to begin your crypto journey? Here’s a link to get free $10: https://www.coinbase.com/join/558828dc34383271a500003b Step up your game and Check Out Binance too: https://www.binance.com/?ref=10080191 Join the Robinhood app and invite your friends to Robinhood and win free stock. Here's my invite: http://share.robinhood.com/heidic1 Find me on Steemit: www.steemit.com/@heiditravels Twitter: @blockchainchick Instagram: @hheidiann If you’re looking for an app that tracks the price of BTC & ETH and many other coins, check out the CoinView App: https://play.google.com/store/apps/details?id=br.com.freeflowt.coinview 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.

Additional Info

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.

Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.

Our main goal is to make crypto grow by making news and information more accessible for the masses.