Bisq Demo Session, Episode 1: Tips on Trading Cost-Effectively

We'll try to keep these calls practical and to-the-point. Goal is to show selected features to help you trade better and become more comfortable with the software overall.

This call will cover: how to cost-effectively trade on Bisq with high mining fees; how to make good offers (new trade limits, setting limit price, modifying existing offers); Bisq by the numbers so far this year (race to 100k).

[bisq-network]

4:00 - stream starts
6:00 - tips on trading cost-effectively
19:18 - tips on making your own offers
31:37 - overview of trading activity and volume

[dusanmatuska-bitcoin]

Great content guys, nice recap. I am doing Bisq workshops in Slovakia and Czech Republic and spreading the word here as much as I can. I will create a video implementing these tips for community ;)

[CuriousAndCuriouser]

I'm a little confused about the escrow wallet. How many wallets are involved? Is it possible to fund the Bisq balance wallet with an external wallet, and then receive funds to another wallet, and then transfer funds to another external wallet, so that like 3-4 wallets would be involved and the external receiving wallet is not tied to the external funding wallet?

[videoclips]

I can't understand people offering a premium price of well over 1%. Surely no one would offer premium prices of well over 5%, even 20%, 28%.

[bebopboppityboo]

Coming to this 1 year later, network fee is currently 10 sat/vB. This trading platform is complicated af, and you need more tutorials like this, only would probably be better not to do them live (smoother, could edit it down if you cut out the "live" part). It really feels like you screw new users in a couple of ways. 1) you can't make large offers as a new user - so the advice you keep repeating to "do larger trades" does not apply; 2) to get a check-marked trade, you pay through the nose. If I try to take an offer with a check mark, as of today, cheapest percentage markup is 14% and it climbs from there - that's rape. 3) I transferred 0.0029 to set up two trades that I edited and then canceled. Now my balance, both locked and available, is already down 0.0001089 from the intial 0.0029 (2 small trades, cause I'm a new user) and BTC network fees are very low. You don't really explain this slippage, but it is not attractive. I've read your wiki and it spends too much time talking about the project, not enough on using the platform. I circled round and round your various help pages and I still do not see an explanation for the slippage, or how canceling trades affects fees paid in. This video has the right idea, but need to do a lot more. Circular wiki's are not enough.