In December 2021 Grin/BTC was added as a market on Bisq.
There was a discussion on adding it here:
The GitHub issue got lots of engagement from the Grin community:
Since Grin was added there have been only 5 Grin/BTC trades.
I thought it would be a good opportunity to remind users that you can now trade Grin on Bisq on a decentralized exchange, hold your own keys, and not requiring any KYC.
Also it would be create to encourage any Grin users that would like to be market makers on Grin/BTC.
Also I would like to buy some Grin but there are no offers
If the community has any suggestions how to make Bisq a popular exchange for people wanting to buy or sell Grin please share your comments.
What is needed is more exposure and ‘marketing’.
One thing that needs to be done is that we should put on grin.mw or on the grin community council github page (and linked website) an overview of exchanges and their ups and downs, for example if they are requiring KYC, if they allow withdrawal and deposit and if they are decentralized like Bisq.
At the moment Bisq did get some minor exposure on the forum and on Github, but this reaches maybe 5% of all Grinners. Most Grinners can better be reached via Telegram or Discord. Possibly if we have good up to date overview, we could link it in the Grin newsletter.
I am not sure how to advertise Bisq on Telegram and Discord. Maybe someone can make a nice meme or something. Also what would be great is a video tutorial showing how to trade on Bisq which we can link to on the website. The same holds for other exchanges like TO. Do not underestimate the power of youtube (or other channel) video’s. These are just my thoughts, maybe we can discuss it in the Community Council meeting on Keybase on March 1:
Sorry, was planning to download Bisq to buy more grinnies myself .
using DEX has the potential to bite you in the ass, as seen here:
BlockFi maintains a policy of strict regulatory compliance. As a US registered Money Services Business, please note that BlockFi prohibits transfers to and/or from the following known addresses:
“Mixing” services which attempt to obfuscate the source of funds.
Peer-to-peer and other exchanges which do not perform Know Your Customer (KYC) screening as part of their onboarding process.
Any amount of funds from gambling sites.
Any amount of funds known to belong to darknet marketplaces.
BlockFi retains the right to return funds and freeze/close accounts as necessary upon receipt of transfers from these sources. Please note that any attempt to circumvent these policies will also result in similar action.
Once you trade BTC against anything (like Grin) on a DEX (like Bisq), the BTC you receive might be perceived as tainted by other crypto-services. BlockFi is an example for this practice. I read about one case where some user got his funds freezed by such service because the BTC he moved on the service originated from a P2P transaction. For this reason using DEX might pose a certain risk for average crypto-holders. This could explain the general low transaction-volumes on such services.
I’d like to buy some Grin. Can someone (multiple people?) put up some offers on Bisq? I’d rather use that than TradeOgre. I’m pretty sure both support slatepacks right? So it would be a very similar experience, no?
Or wait, do I put up buy offers first? I can try that