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1451 sats \ 2 replies \ @solomon1923 OP 17 Mar 2024 \ parent \ on: Bisq 2 has just been released. I am a Bisq contributor AMA about Bisq or Bisq 2 AMA

Thanks for the question.

Here is a list of the main differences that come to mind with Bisq 1 and Bisq 2 (Bisq Easy).

FeatureBisq 1Bisq 2
Security deposit requirementsYes (min 15% of trade amount)None
Trade sizeup to 0.25 BTC for fiat tradesup to 0.01 BTC for fiat trades
Trade fees0.15% for maker and 1.15% for takerNone
Miner feesmaker pays one on-chain transaction, taker pays for three on-chain transactionsSeller will pay for one on-chain transaction
Risk of seller running off with fiatPretty much zero due to bitcoin multi-sigNone zero chance. Security is is based on seller reputation
Lightning tradesNoYes, if buyer and seller agree
Multiple profilesNoYes

Bisq Easy is more focused towards on boarding no-coiners or those wanting to get their first no KYC bitcoin.

Assuming a power user will be someone already familiar with bitcoin, no KYC, peer to peer trading, and be buying or selling over 0.01 BTC at a time then Bisq 1 will will be a much better fit for them.

Is it interoperable with bisq 1?

No, but you can import your Bisq 1 account age / signed status to give you some additional reputation if you anticipate being a seller.

Why should I switch if I'm still quite happy with bisq and have a very long and reputable profile.

No need to switch. Eventually the Bisq 1 multi-sig trade protocol will be incorporated into Bisq 2. At this point you would need to switch over, but this is a while away.

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0 sats \ 1 reply \ @TonyGiorgio 17 Mar 2024

Appreciate that! Lightning will be cool but for now I'm glad to know I should stay on 1 for now. Thank you!

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358 sats \ 0 replies \ @solomon1923 OP 17 Mar 2024

Yes, a native Lightning protocol for Bisq is very much needed, as is Bisq being accessible on mobile devices. Bisq 2 brings both of these a little closer. Glad you are a happy Bisq user.

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