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4.4. Testing Bisq with Mainnet
The application is still in alpha version and testing with Bitcoin Mainnet comes with the risk to lose funds in case of software bugs.
It is not recommended to switch to Mainnet yet but for those who are impatient and are willing to take the risk, we enabled to switch Mainnet in the "Settings" -> "Network info" screen.
To limit the possible losses the maximum allowed trading amount and the security deposit are reduced to 0.01 BTC on Mainnet.
In times when the blockchain gets stressed by too many transactions, it might take longer to get the transaction into the blockchain if the mining fee is not set high enough.
Inside Bisq all transactions are using a mining fee of 0.0003 BTC.
When you send funds from your external wallet to the Bisq trading wallet you need to take care that you use a sufficiently high fee.
We recommend 0.0003 BTC (or 50-100 satoshi/byte).
Watch this video to view the Bisq application in action from both the buyer's and the seller's perspective. The video also covers important use cases and features.
Bisq use Tor to connect to other Bisq nodes and a local Tor Hidden Service to be reachable for other Bisq nodes. For the Bitcoin network you need to allow outgoing TCP connections to port 8333 for the bitcoin mainnet.
Bisq uses dedicated trade wallets for each individual trade, instead of a global application wallet.
Bisq requires a security deposit of 0.01 BTC for both the bitcoin buyer and seller, which gets locked for the duration of the trade and will be fully returned after the trade has completed.
When you create an offer, you only pay the offer fee when the offer is published. If a seller takes your offer, the Bisq protocol creates a deposit transaction without manual interaction.
For more information please visit the Bisq whitepaper.
If you encounter problems or bugs, please add the issue to our Github issue tracker. Alternatively, you can send an email to manfred [at] bitsquare [dot] io. Kindly attach the log file, which makes analysis of the issue much easier for us. You can find the log file in these locations:
Mac OSX: /Users/user/Library/Application Support/Bisq/bitsquare.log
Linux: /home/user/.local/share/Bisq/bitsquare.log
Windows XP: C:\Documents and Settings\username\Application Data\Bisq\bitsquare.log
Windows Vista or 7: %appdata%/Bisq/bitsquare.log
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