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True withdrawal speed: Bisq

Bitcoin Reddit

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Everyone talks about Bisq being decentralized, private, KYC free, etc.

Nobody mentions that it is quite fast. You can take an offer, send out your money and get confirmed often faster than most centralized platforms. You can also lock in a price before your money even arrives.

  1. Speed of purchase:
    1. Take an offer: a few minutes
    2. Send a Zelle (USA), Instant SEPA (EU), or Faster Payments (UK) transaction: a few minutes to three days. Bank transfers to exchanges take longer to fully confirm.
    3. Withdraw: it's on the blockchain but once the seller confirms your trade you don't have to wait to send it to another address. Once again, a bank transfer can take some time to fully confirm so you'll have to wait.
  2. Locking in a price: If you see a drop but you don't have any money on your exchange a few exchanges will allow you to lock in the price through a trade within a few minutes. Bisq let's you lock in and provide the money later by using a security deposit.

It's the same story on selling your bitcoin. Bank transfers through bisq tend to be faster than bank transfers from your centralized exchange.

Check it out and HODL.

submitted by /u/extrastone
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