[bisq-network/growth] India INR/BTC Market Maker Bounty 500 $BSQ (#175)

[VlVEK]

@pazza83 @flix1 thanks for adding UPI - this would be the most used payment method for INR trades

i have done 4 out of the 7 INR trades since inception & have also accessed other markets using INR

INR trades are expected to be less than $100 each on an average hence the transaction cost is an important factor to trade

btc trades at anywhere around 5-15% premium on CEX's due to the high forex charges levied by indian banks this discourages selling btc on bisq at a discount

CEX's charge a flat 0.0006 btc to withdraw which discourages people to self custody and we have a very small number of indians who self custody their bitcoin - getting the first btc outside of CEX is a challenge

we should try & educate people on the best practices to self custody & reduce transaction costs on bisq
- using 1 sat/byte to transfer to trade wallets (luckily mempool is empty now)
- picking up trades when fees is 10sat/vbyte on bisq as suggested by you
- using bsq to save fees (are smaller stacks of bsq available?)

i'm open to more ideas and suggestions to overcome these challenges so that we can head towards a sustainable INR market on bisq

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