What are the reasons to use my own software BTC wallet instead of the Bisq's one? (more of a technical question)


#1

I was just wondering, what advantages in the privacy field (potentially) can bring me use my software wallet. I noticed that Bisq already generates new deposit addresses accordingly, so that each is used only once. This is a very neat feature, I think.

So my question is: In what conditions is using my software wallet more private than using my Bisq wallet?


#2

With Bitcoin core you can select the inputs you want to use in a tx. That is only partially possible in Bisq (you can select the address but there might be multiple inputs). Beside that Bitcoin core is a full node with all the benefits reagaring privacy and security. Bisq use SPV (BitcoinJ) which has some privacy issues (a bit complicate to explain all the details). So I would say if you want the best go for Bitcoin Core. Using mobile wallets or some other wallets with poor privacy / security is probably worse than using Bisq as wallet.


#3

So if I understand this correctly, if I have Bitcoin Core running on my PC, than using Bisq wallet is more secure (although in that case the Bisq wallet is a bit redundant).

Is Bisq able to connect to mainnet through other software wallets like Dark Wallet, or Bitcoin Core only?


#4

Correct.

Bisq is able to connect to any Bitcoin full node client. It connects to a port 8333 on localhost if it is available. I am not familiar with the Dark Wallet, but if it does not download a full blockchain it is not a full node client.


#5

Bitcoin Core only