Bisq Network — Skip the Thai Exchanges

Lets get straight to the point. What is Bisq? You can learn more about it on their website then me telling you what it is — https://bisq.network

“Safe and secure way to buy/sell Cryptocurrency for Fiat”

How does it work?

If you are looking to buy Bitcoin, you will be shown a spread of orders opened by sellers for you to choose the best price to buy your BTC. Yes its as simple as that. Is it safe? Yes ! Bisq is using Multi-Sig wallet and the seller must deposit the BTC before even you submit the order. So there is very less chance of you getting scammed. The only thing where you can be scammed is when you have sent the money and the seller says he/she has not received the money and vice versa.

How to solve Dispute?

The community is still fresh and everyone is really perfect at their trades. I recommend you to be disciplined as well. If we run into a dispute you will be shown to the “Support” where the middleman will ask for all supporting documents before any claims can be made. Just try to follow all the steps that are there on screen and it is just perfect to be honest !

Things you will need

• Computer
• Bisq Installed — https://bisq.network/downloads/
• E-Mail — https://tuta.io/ (Anonymous Secure E-mail with mobile client)
• Some BTC to deposit into Bisq (I recommend 0.05BTC)

Why do I need to have BTC at start? As everything is done using Multi-Sig wallet which is part of the Bitcoin Blockchain we need to have some BTC to be able to use the system. Just think of it as a fund when opening your bank account. It is still yours its not taken away.

Start with installation. If you are using Bitcoin, I guess you know how to install the software.

When you start the application, make sure to allow it through the firewall and the application uses TOR network for higher security and anonymity to keep your ass hidden and so when you click on any hyperlink they will always give option to copy, Use it ! Do not click “Don’t show again”

Market Page

This above page is where you will be using mostly. Let’s start with setting up our system.

SETTING UP BISQ

SETTINGS PAGE

BISQ ACCOUNT PAGE

Please follow the steps as per screenshots below

Select “Cash Deposit”

DO NOT USE ONLINE TRANSFER — Why? because it is safer for you and your peer to not be linked in anyway. It is safe for both party. To prevent trackback in anyways between you and your peer.

NATIONAL ACCOUNT DETAIL

SET PASSWORD FOR WALLET

I recommend NOT TO HAVE MUCH FUNDS in Bisq and just have enough to buy/sell as per your need, unless you plan to use it for something else.

SET YOUR WALLET SEED AND DON’T FORGET TO TAKE NOTES

BACKUP EVERYTIME YOU USE BISQ

“You have completed the Setup of your Bisq Account”

How to Trade on BISQ

After setting up, you need to decide what you will use Bisq for? If you are not a complex user I recommend you to just select any order available for you.

SELECT THAI BAHT TO OPEN ORDERS FOR BTC/THB

CHOOSE WHAT YOU WANT TO DO, BUY OR SELL

Buy BTC (the example is for EURO) — https://youtu.be/-o9CKiivyIc?t=115

Sell BTC — Should be similar concept and just follow the steps

As for more serious traders who want to create their own order, I will make another detailed method.

I will update soon with a video in English / Thai to complete the order as well

Please join us at ThaiBX for more about Bisq

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