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Copy file name to clipboardExpand all lines: getting-started-dao-traders.adoc
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This short guide will show you how to use BSQ to pay lower trading fees. Using BSQ also compensates Bisq's contributors, making the Bisq network a sustainable free software project.
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Bisq's token is a bit different from most other exchange tokens: its primary reason to exist is to enable the decentralized operation and management of the Bisq network. That means no central wallets or accounts to accumulate funds, and and no legal entity or leadership team to control strategy. See more details <<user-dao-intro#, in this doc>> or in https://www.youtube.com/playlist?list=PLFH5SztL5cYPAXWFz-IMB4dBZ0MEZEG_e[these videos^].
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Bisq's token is a bit different from most other exchange tokens: its primary reason to exist is to enable the decentralized operation and management of the Bisq network. That means no central wallets or accounts to accumulate funds, and no legal entity or leadership team to control strategy. See more details <<user-dao-intro#, in this doc>> or in https://www.youtube.com/playlist?list=PLFH5SztL5cYPAXWFz-IMB4dBZ0MEZEG_e[these videos^].
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For you, as a trader, discounted trading fees are a practical result of this approach: the mechanisms above require that trading fees be paid in BSQ, so the software encourages traders to pay fees with BSQ by making them cheaper than plain BTC fees.
Copy file name to clipboardExpand all lines: trading-rules.adoc
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If possible, the trade ID should be included in the payment's "reason for payment" field. The name of this field can vary by payment method; some call it "Message" or "Information for recipient" or similar. Pick the field (if available) that enables the user to tie the payment to the specific trade.
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If there us no such field, just send the payment without specifying the trade ID.
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If there is no such field, just send the payment without specifying the trade ID.
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- **Click `Payment started` after sending payment**
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Any mentions of _Bisq_ or _Bitcoin_ or any text other than the trade ID is prohibited. The receiver is already expecting a payment from you using the agreed payment method in the amount of the trade, so there is no reason to reveal any more context or information.
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WARNING: This is an important rule, and potentially a serious problem if broken: many banks don't like anything related to Bitcoin, and may create serious problems for you (or your trading peer) if they sense such a transacton.
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WARNING: This is an important rule, and potentially a serious problem if broken: many banks don't like anything related to Bitcoin, and may create serious problems for you (or your trading peer) if they sense such a transaction.
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- **Communicate with buyers away from Bisq**
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1. If you're dissatisfied with the mediator's suggestion and sure you are entitled to a better outcome, publish the time-locked transaction as soon as it's possible and request arbitration.
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2. Collaborate with the arbitrator to clarify the details of your case.
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3. If the arbitrator sides with you, they will personally reimburse you.
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4. The arbitrator will then request reimbursement from the Bisq DAO for the reimbursements they've paid. This isn't something you need to worry about as as trader, but it's good to know how the process works on both sides.
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4. The arbitrator will then request reimbursement from the Bisq DAO for the reimbursements they've paid. This isn't something you need to worry about as a trader, but it's good to know how the process works on both sides.
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Arbitrators are required to respond to messages within 5 days, so it may take a bit longer for them to respond than mediators (you should still respond to messages within 2 days).
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