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Trading BSQ From Bisq Wiki (Redirected from Buying BSQ ) Jump to navigation Jump to search Contents 1 How to obtain BSQ 2 Old trading protocol 2.1 Why buy or sell BSQ? 2.2 Get your BSQ address 2.3 Create a payment account 2.4 Buy or sell BSQ How to obtain BSQ The faster, cheaper, easier, and trustless way to obtain BSQ is through BSQ swaps , available in the Bisq application as the default method when creating an offer to sell BTC for BSQ. What follows is the previous trading protocol for obtaining BSQ, which has been deprecated in favor of swaps, as it offers no advantages over the former. Old trading protocol Trading BSQ is very similar to trading any other altcoin , but instead of using an external wallet to send and receive funds, you use the BSQ wallet built in to your Bisq application. Why buy or sell BSQ? For traders, using BSQ colored bitcoin to pay trading fees can be a lot cheaper than using plain BTC to pay trading fees. The target discount rate is 50% , fluctuates with market prices, and is re-calibrated on a monthly basis . For contributors, BSQ is required to make proposals and cast votes. Contributors are also compensated with BSQ, which can be sold on Bisq for BTC. Get your BSQ address In order to create a payment account for trading BSQ, you'll first need a BSQ address. Go to DAO > BSQ wallet > Receive and click the copy icon in the right corner to copy the BSQ address to receive the BSQ payment. Get BSQ address. Create a payment account Once you've found your BSQ address, create a BSQ payment account at Account > Altcoin Accounts . Click Add New Account , pick BSQ in the dropdown, and paste your BSQ address. Buy or sell BSQ To trade BSQ you can either make an offer or take an existing offer just as you would with any other payment method. Since v1.8.0, Bisq offers atomic swaps for BSQ/BTC trades , which means you can buy and sell BSQ for BTC with only a single on-chain transaction. This means mining fees are greatly reduced, and trades are virtually instant (!). Retrieved from " http://s3p666he6q6djb6u3ekjdkmoyd77w63zq6gqf6sde54yg6bdfqukz2qd.onion/index.php?title=Trading_BSQ&oldid=3605 " Category : Guides Navigation menu Personal tools English Log in Namespaces Page Discussion Variants Views Read View source View history More Search Navigation Main page Recent changes Random page Help about MediaWiki Tools What links here Related changes Special pages Printable version Permanent link Page information This page was last edited on 16 June 2024, at 10:57. Privacy policy About Bisq Wiki Disclaimers