[bisq-network/bisq] Please raise trade limits (#3013)
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Sun Jul 28 19:25:04 UTC 2019
> for most fiat payment methods you do have increase your trade amount limit as the Account age increases
I think that's fine. Starting people low and increasing as they use the system more makes sense. But I think that once you've successfully made like 20 trades using a particular payment method, your limit should basically be removed, since you've proven you know how to use that payment method properly. It looks to me like they have 3 tiers, and the third tier only has maybe 4 or 5 times the limit of the first tier. Its an oddly tight range. And its especially odd that there looks to be no way to raise your limits to levels competitive with any of the centralized exchanges out there.
> The limits for altcoin markets, I imagine, are in place to protect against the other week chains' reorgs, confirmation time and price volatility.
That would surprise me, again, since there are use-prerequisites to increasing limits in the first place. Once you've made a bunch of trades on a particular alt coin, you'll be familiar with the volatility and lag-time that it takes to make a trade. Putting such strict limits on users who are almost definitely aware of the risks doesn't make any sense to me.
> how hard it would be to hard code the limits in USD for example.
Bisq already has exchange rates it uses in many parts of the system. Putting limits in USD would be probably a one or two line code change.
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