Post
Topic
Board Beginners & Help
Re: How do coin swap platforms work?
by
m2017
on 20/10/2022, 15:02:31 UTC
Bisq is good but with Bisq, problem is low trading volume and on truly peer-to-peer trading platforms like Bisq, newbies must never release coin if they don't receive payment from the trade partner.

Bitcoin transactions are irreversible and if you mistakenly release your coin while you don't receive payment already. You will lose your Bitcoin and scammer (your trade partner) will run away. Bisq will not be able to help you to resolve the trade.

Well, I suppose one has to learn how the things go on each and every new platform they want to use, especially when it is about money.

Waiting time for a trade partner to start trading with your offer is long (as consequence of low trading volume) and it is another problem on Bisq.

And what if one just picks an available offer? Are they so bad?

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Would have been a better advise for OP to use BestChange platform?
Surprisingly, people on this forum recommend various services for exchanging crypto currency, but for some reason only you remembered BestChange. Moreover, the signatures of this platform can be seen under many posts on the forum. Perhaps I will join recommendation this excanger.

OP, you can use the BestChange exchange service (free Internet-service) to convert BTC to ETH. To do this, just click the green signature under my post (or under the post of another user with exactly the same signature).

You can learn more about BestChange in this thread - https://bitcointalk.org/index.php?topic=3309245.0.