At present, in order to trade on Bisq we must create an account for the payment method we intend to use and fill in the identifiers required. For example, if I want to create an account for National Bank Transfer, I’ll need to provide the following identifiers:
- Account owner full name
- Bank name
- Bank ID (BIC/SWIFT)
- Branch no
- Account no (IBAN)
*It changes slightly depending on the Region and Country but those are the most important ones.
The thing is, if I’m a BTC seller with that account and I create a offer to Sell BTC, only those with a National Bank Transfer account and in the same country can take that offer. Which is very limiting. In Europe, the identifiers mentioned above should allow me to receive fiat from the following payment methods:
- Cash Deposit
- National Bank Transfer
- Transfer with the same bank
- Transfer with specific bank
It’d be great if with each offer we could advertise all payment methods we can accept. I believe this improvement could greatly reduce friction in the market. For example, Cash Deposit is a very safe payment method for those selling BTC and anybody with a bank account can receive cash deposits (nationally) and more important, even those without bank accounts can make cash deposits.
Each payment above has a different chargeback risk, proof requirement, trade limit and trade duration so they’d need to be kept in segregated accounts with segregated Account Age(s).