P2P bitcoin (BTC) exchange Bisq implements new trade dispute system - CryptoNinjas

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• P2P bitcoin (BTC) exchange Bisq implements new trade dispute system - CryptoNinjas
• Cointree Crypto Exchange Review - Micky News
• Digital Surge Crypto Exchange Review - Micky News

P2P bitcoin (BTC) exchange Bisq implements new trade dispute system - CryptoNinjas Posted: 30 Oct 2019 01:10 PM PDT Bisq, a decentralized bitcoin exchange and peer-to-peer (P2P) network with a cross-platform application, announced today a new upgrade that has updated the trade arbitration dispute process. The new trade protocol implemented moves to 2-of-2 multisig escrow from 2-of-3. The third key for arbitrators has been removed. In addition to sending funds to the multisig escrow, traders now sign a time-locked transaction that pays out all multisig escrow funds to a "donation" address. Either trader can publish this transaction after 10 days (altcoin trades) or 20 days (fiat trades). This time-locked transaction is required for the new arbitration process and results in a different dispute resolution system. Dispute resolution now takes place in three layers shown below: Trader Chat – Introduced in v1.1.6, traders can communicate privately over end-to-end encrypted chat right in Bisq to work out minor issues. Mediation – If traders cannot solve issues through direct chat, they can request mediation. Mediators are bonded contributors who examine the situation and suggest a payout. If both traders agree with the suggested payout, the payout takes place and the trade is closed. Arbitration –  If one or both traders remains dissatisfied with the mediator's suggestion, they can request arbitration after publishing the time-locked transaction. Arbitrators will re-examine the situation, and if they determine the trader requesting arbitration deserves a payout, they will personally reimburse funds to the trader and request reimbursement from the Bisq DAO. The new system reduces trust required to use Bisq Until this upgrade, users have had to trust that Bisq's anonymous arbitrators would make a fair decision when resolving disputes as they could sign funds to users at their discretion. Now, no one aside from the two traders retains a key in the multisig escrow transaction. This also achieves more privacy for dispute resolution, since many issues are resolvable through direct communication with the trading peer, and do not need third party intervention. Going forward, with arbitrators power having been diminished by losing the third key in the multisig escrow, the Bisq network can now more easily recruit resolution agents as it grows around the world. Account Signing Update Currently, a new account on Bisq is limited to buying 0.01 BTC (sell limits are not limited to 0.01 BTC) until a signing takes place by another trusted user, which only happens when the untrusted peer proves their intention to trade honestly. In the v1.2 release, users with unsigned payment accounts must buy bitcoin from users with signed payment accounts. If there are no issues (i.e. chargebacks) in the 30 days after the trade was completed, the buyer's account is signed and the 0.01 BTC limit is lifted. Account signing is not required for accounts that do not have chargeback risk (i.e., face-to-face trading, cash deposits, or money orders). Further, account signing is not required for any payment accounts used outside of major national currency markets on Bisq (USD, EUR, CAD, GBP, AUD, BRL). More information on how this works can be found in Bisq's documentation.

Cointree Crypto Exchange Review - Micky News Posted: 16 Oct 2019 12:00 AM PDT With more than 1.7 million traders and counting, Cointree is one of Australia's most popular cryptocurrency exchanges. Here's how Cointree stacks up against our pertinent criteria. Security: Cointree claims to offer unrivaled security for Australian traders. It is a member of both the Australian Digital Commerce Association and Australian Transaction Reports and Analysis Centre (AUSTRAC), which ensures that the security and technology of Cointree is second-to-none. Sensitive user information is protected behind encrypted databases, funds are stored in a bulletproof hot/cold wallet setting, and requirements like 2FA withdrawals protect accounts from potential thieves. Markets: Users can trade over 100 cryptocurrencies on Cointree versus BTC and AUD. Markets have one-click buy/sell options alongside robust limit exchange orderbooks. With over 1.7 million traders there is plenty of activity to ensure Cointree markets maintain liquidity and users can buy and sell in any quantity at competitive prices. Fees: Fees are low across the board and decrease with trading volume. Coin-coin markets offer fees as low as 0.05%, and instant buy/sell options only go as high as 0.9% fees. There are no fees on deposits or withdrawals, whether placed in AUD or crypto. Usability: A key focus of Cointree is ease of access, and with one-click trading, it doesn't get much simpler than that. Bank account linking makes deposits and withdrawals a breeze, and the comprehensive support and document suites cover any potential issues. If things do go awry, there is a live ticketing system where support staff will amend any problem as quickly as possible. From every point-of-view, Cointree is a standout cryptocurrency exchange experience. Especially for first-time traders, Cointree is a go-to for Australians. Click here to visit Cointree

Digital Surge Crypto Exchange Review - Micky News Posted: 11 Oct 2019 12:00 AM PDT Digital Surge is the go-to Australian Bitcoin exchange. The site offers a simple, intuitive, and sleek experience that connects users with the ability to buy and sell Bitcoin as seamlessly as possible. Let's stack it up against the criteria. Security: Digital Surge places a major emphasis on the security of their platform and users. 98% of all funds are held offline, firmly out of the reach of attackers, meaning that traders can rest easy with funds on DS. User information is protected by salt and hash encryption. Accounts are protected by an automated verification procedure, which is both simple and sufficiently secure. Markets: The only functionality of Digital Surge markets is the purchase and sale of Bitcoin for AUD. While this may be frustrating for altcoin traders, it does establish DS as the top Bitcoin exchange for Australians. And with the entire emphasis on a single market, liquidity on the market is unrivaled. Fees: For bank deposits and withdrawals alongside cryptocurrency transactions, no fee is required. There is a slight fee of roughly $2-3 when making instant trades in AUD via POLi payments. Trading fees start at 0.75% and decrease with cumulative trading volume, down to a minimum of just 0.1%. Usability: The major factor that sets Digital Surge apart from the competition is its user experience. This site is smooth in every sense of the word. Trading Bitcoin for AUD on DS is as simple as it gets, which is exactly why traders keep coming back. Overall, Digital Surge is a top choice for buying, selling, or trading Bitcoin for AUD. Cheap rates and a splendidly simple interface cannot be beat. Click here to visit Digital Surge

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