Best P2P exchange I ever tested, in fact it was the first I have notice. I knew the developer one year before the software was completed, a good programmer and better person. No hidden tricks, just a problem that needs to be solved (lots of Exchanges hacks and point of failure to Bitcoin), he solved how to create an exchange without the need of trust in the other part. I think they are testing lightning now, so it would be cheaper. The last release includes new altcoins: Pied Piper Coin, 10grans, Angelcoin, Arto, BitZeny, Bitcore, DSTRA, Dinero, Exceed, GeoCoin, Instacash, Koto, Kumacoin, LitecoinExtreme, MFCoin, Madbyte, Mazacoin, NEETCOIN, Phore, Qwark, ROIcoin, Ringo, Semux, Strayacoin, Tamadcoin, Ubiq, WorldMobileCoin, Xuez
by pinger
For people who are concerned about maintaining their anonymity while obtaining bitcoin not too many options existed. Luckily, this now has changed. Bisq is a peer to peer network run over the Tor network that let’s you change your fiat money for Bitcoin. These Bitcoins can then be exchanged for alt coins if you wish to do so. Of course the reverse process, alt coin -> Bitcoin -> fiat is also possible. Bisq is fully decentralised. Because it is run over tor and there is no middle man it is fairly anonymous. All you ever get to know about your counter party, is their bank account number and their name. No AML/KYC procedures nothing; install the client, run, enter you account numbers and you can trade. If you are the seller of Bitcoin (or alt coins) the amount you are going to sell is locked in a multi-sig transaction that can be released by the seller once they received their fiat, or by an arbitrator that can be called to judge in any kind of dispute. I have done a couple of trades and I must say it works like a blizz. I was even lucky enough to test the Bisq arbitration process, because I didn’t receive the fiat for my btc sell in time. This was probably because of the holiday season, so banks were slow. Response time of the arbitrators was very fast and professional. In the end the money arrived the day after I opened the dispute, so I didn’t test whether the arbitrator would have released the Bitcoin if no payment would have been received, but I’m pretty confident that they would have. As with everything in life, there are of course also some cons. I think using Bisq is slightly more expensive than using certain exchanges. Another point is that it will take a couple of days before you gain control over your Bitcoin, because banks take time to process the payments. My last point is that I don’t like the fact that you cannot cancel an offer free of charge (at current btc price it is about $10). This prevents you from setting up a proper trading system to provide liquidity to the market. Not necessarily a negative, but I am curious how Bisq will scale. The network in itself will probably not be a problem there are no technical bottlenecks I’d say. However, as the network grows, disputes will probably too and since it is driven by the community it remains to be seen how that will work out and if there will be enough committed arbitrators to handle this. All in all it is the next logical step in the rise of decentralised money and now you have the platform to also exchange your fiat in a decentralised way. If you are serious about bitcoin and the philosophy,you should really give Bisq a try.
by Quenos
