[bisq-network/proposals] Use Keybase to increase accessibility to Bisq for new traders with no funds for security deposit, trading and mining fees (#283)

pazza notifications at github.com
Sat Nov 28 14:18:08 CET 2020


> I like this because the question about not having BTC as a barrier to onboard Bisq has been the object of many discussions for ages in Bisq, and we don't have an answer. I am not sure if Keybase would still be a barrier for the nocoiner. But since it is available on mobile platforms my guess is that should not be a problem.

I think it would work. I see many new users asking how to get their first BTC in Bisq social channels. I get dismayed when they are sent off to other P2P providers.  New users are really important. Completing a first trade somewhere builds a sense of familiarity. A new user's second trade is likely to occur on the same platform their first trade did.

Last week I sold some BSQ to someone on Keybase that wanted to save trade fees on their first BTC trade. They did not have enough BTC for a BSQ security deposit  and a BTC security deposits. 

A new user wanting to use BSQ for their first tade (this should be encourages) Has to make 2 trades. Therefore, they require roughly 0.014 BTC just for the security deposits and trade fees. 

0.014 BTC (~$240 USD) is a lot for a new user. Especially when considered in relation the their trade amounts. In the case of the BSQ buyer above they wanted to buy 5.46 BSQ (min amount possible). This is only $3.65 worth. But it is also more than enough for multiple small buys of BTC to get them started.

I was keen to help them out and made a trade. Trade was a positive experience for everyone. Had a bit of a chat about Bisq, they were interested in asking a few questions about trades and payment methods. The new user now has BSQ, has experience using Keybase and will likely stay around longer than if I sent them of to Paxful to buy the 0.014 BTC for the BTC and BSQ trades. With money they may or may not have had.









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