bisq on Nostr: Will my bank know I'm trading bitcoin on Bisq? Generally speaking, Bisq doesn't deal ...
Will my bank know I'm trading bitcoin on Bisq?
Generally speaking, Bisq doesn't deal with banks at all. All fiat transfers take place directly between users.
But there have been reports of banks closing accounts upon suspecting bitcoin activity. As a result, Bisq requires that the "reason for payment" field always be left BLANK when making a payment (if the payment method offers such a field).
If a reason is required, it should be something trivial like a "-" or "payment". If you want to use something else, please agree on an alternative with your peer using trader chat.
#dex #decentralized #bitcoin #nokyc #stacksats #bisq
Published at
2023-11-18 14:08:26Event JSON
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"content": "Will my bank know I'm trading bitcoin on Bisq?\n\nGenerally speaking, Bisq doesn't deal with banks at all. All fiat transfers take place directly between users.\nBut there have been reports of banks closing accounts upon suspecting bitcoin activity. As a result, Bisq requires that the \"reason for payment\" field always be left BLANK when making a payment (if the payment method offers such a field).\nIf a reason is required, it should be something trivial like a \"-\" or \"payment\". If you want to use something else, please agree on an alternative with your peer using trader chat.\n\n#dex #decentralized #bitcoin #nokyc #stacksats #bisq\n\nhttps://m.primal.net/HQGk.jpg",
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