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It's similar to Bitcoin, in that you have to deposit it and use an exchange. Bitcoin is peer-to-peer; you don't have to use an exchange to transact. Lightning
by alwillis 6y ago
It's similar to Bitcoin, in that you have to deposit it and use an exchange.
Bitcoin is peer-to-peer; you don't have to use an exchange to transact.
Lightning allows us to transact bitcoin instantaneously, person to person. There are plenty of Lightning wallets for iOS and Android.
[1]: https://bisq.network https://bisq.network
[2]: https://hodlhodl.com https://hodlhodl.com
- JoeAltmaier 6y agoAs long as you're willing to transact $19000, right? Else who holds the coin in escrow? Or am I misunderstanding something.
- pmiller2 6y agoI believe you can transact in amounts as low as 1 satoshi, or 1e-8 BTC, which would imply a minimum transaction amount of $0.19, assuming a value of $19k per BTC.
- alwillis 6y agoOr am I misunderstanding something. Yes. From the Bisq FAQ: Security deposits are set to be a percentage of the trade amount—actual percent varies by BTC price volatility, but minimum is 0.006 BTC—but the percent can be adjusted by the offer maker to be as low as 15% or as high as 50%. 0.006 of a Bitcoin is $117.366
- JoeAltmaier 6y agoSo, with an exchange? Not peer to peer?
- alwillis 6y agoSo, with an exchange? Not peer to peer? Both Bisq and Hodl Hodl are peer-to-peer. You set your own price to sell at, for example. I don't know about Hodl Hodl but Bisq runs over Tor to protect user's privacy.