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374 sats \ 3 replies \ @TonyGiorgio 17 Mar freebie \ on: Bisq 2 has just been released. I am a Bisq contributor AMA about Bisq or Bisq 2 AMA
Congrats!
For more advanced power users, what advantages are there for bisq 2? Is it interoperable with bisq 1? Why should I switch if I'm still quite happy with bisq and have a very long and reputable profile.
Thanks for the question.
Here is a list of the main differences that come to mind with Bisq 1 and Bisq 2 (Bisq Easy).
| Feature | Bisq 1 | Bisq 2 |
|---|---|---|
| Security deposit requirements | Yes (min 15% of trade amount) | None |
| Trade size | up to 0.25 BTC for fiat trades | up to 0.01 BTC for fiat trades |
| Trade fees | 0.15% for maker and 1.15% for taker | None |
| Miner fees | maker pays one on-chain transaction, taker pays for three on-chain transactions | Seller will pay for one on-chain transaction |
| Risk of seller running off with fiat | Pretty much zero due to bitcoin multi-sig | None zero chance. Security is is based on seller reputation |
| Lightning trades | No | Yes, if buyer and seller agree |
| Multiple profiles | No | Yes |
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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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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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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