Quote from: Bitcoin Smith on December 07, 2023, 03:07:00 PM

Quote from: pakhitheboss on December 07, 2023, 12:42:35 AM

What is good about Bisq is its volume for BTC/XMR pair, what is bad about it is its desktop application which I feel is very slow and clumsy. Furthermore, there is zero volume when you check the BTC/INR pair on it. There is no way to confirm that the merchants for BTC/INR are not scammers like those who have infiltrated Binance P2P. That being said you would find a few of them in other P2P exchanges too.

BISQ is basically running on TOR network, that is the reason why it is very slow which kind of feels laggy when we switch to it from traditional applications. Yeah the second point is the actual issue, we never know the source of funds from the other party which can become an issue even after 6 month after the trade happened by then we will be affected and our account will be frozen that is why it is better to go with KYC p2p exchanges in my opinion.

I had downloaded the application once on my laptop and due to TOR being active, it took some time to connect. You would need a lot of patience when using the exchange as tend to get disconnected quite frequently. BTC/INR issue is a big one and things get much riskier when trade is done on a P2P exchange. As I have explained in another post UPI transaction causes many issues due to the easy chargeback feature. Regardless of using a KYC or non-KYC P2P exchange, you do take the risk of getting into the trap of a scammer.

We all know how easy it is for a scammer to pass KYC using fake documentation as there were a lot of such cases reported in the mainstream newspaper earlier this year. Until regulation comes into effect I think it is better to use direct exchange transactions and this is why I created this topic to find out how many of us have trust in the listed P2P exchanges. Till now I have seen very less responses, might be that people do not want to disclose this information on a public platform or they are using CEX for INR transactions.