Why Bisq is good for crypto
Bisq is decentralized, p2p, and therefore will never require AML/KYC. If you care about privacy of your crypto trading, bisq matters.
- Localbitcoins forced users to submit KYC
- Last year Bittrex suddenly demanded KYC and blocked withdrawals until customers acquiesced
- Most fiat-crypto exchanges will likewise be pressured into suddenly demanding KYC.
- As long as we have Bisq, the crypto party cannot be stopped.
The Plan– "Loss-leading, a noble sacrifice"
- Buy small amounts of trending altcoins from Binance.
- Transfer off exchange.
- Run Bisq (bisq exchange must be accessed through its app since it runs over TOR and is p2p).
- Place limit-sell orders on Bisq for those altcoins, but at a 50% discount from the Binance price.
Yes, this is basically giving popular altcoins away in order to entice people into learning how to use Bisq (there is a slight learning curve).
The concept of a loss-leader is that once people have taken the time to visit your difficult-to-reach store, they might spend additional time there and do additional shopping. If a person spends the time to install Bisq and learn to use it, they might find out that they like it and therefore continue using it!