How do you ensure success in a trade?

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#1

Sorry if it’s a dumb question, but I feel there’s no satisfactory answer. I’m a Bisq newbie.

So, let’s say that I want to trade $100 in cash, without intermediaries. I send money to my security deposit, the other person also sends money to their security deposit. Alright, so they say they’ll send me $100 once I send them the bitcoin. I do, and they send me a file with garbage.

How does the system gives a solution to such disputes?

#2

this most definitely is not a bisq trade.

  • 100usd can be a very little amount considering miner fees
  • you don’t send btc to the buyer, you lock btc + deposit in escrow, when you confirm money received by buyer bisq will release btc
  • buyer will have to send the money first thing after they take the trade
#3

https://bisq.wiki/Security_deposit

#4

So what happens if I receive actual cash, and decide to never send them the bitcoin? How can they prove they sent the money to have me punished?

#5

Provability is key. You have (or can make it so you have) proof with practically every payment method, excluding F2F, where you don’t really need proof.

#6

See the wiki for cash by mail trades. It recommends what buyers and sellers should do for proof about sending and receiving cash: Cash by mail - Bisq Wiki