TransferWise-USD

TransferWise-USD is a payment method added in Bisq v1.8.0

TransferWise is a web- and app-based money transfer service that supports multiple currencies. TransferWise to TransferWise payments allow users to send payment from any supported currency to any other supported currency. Payments utilize the TransferWise multi-currency account. This is available for users in most countries. TransferWise was added to Bisq in V1.5.4.

TransferWise-USD is for sending and receiving USD payments.

Where can I find out more about TransferWise-USD?

Due US banking regulation, sending / receiving USD payments has more restrictions than most other currencies. This is the reason USD was not added to TW-TW payment method. For reference see:

• Can I get USD account details?
• Sending US dollars to countries outside the US
• What countries can I send USD to?
• Can I send money to someone with only their email address?

What countries are available for TransferWise-USD?

Anyone with a TransferWise account can use TransferWise-USD.

What currencies are available for TransferWise-USD?

USD only.

What is the maximum trading duration for TransferWise-USD?

The maximum trade time is 4 days.

What is the maximum BTC limit for an TransferWise-USD trade?

0.125 BTC.

Is TransferWise-USD a payment method that can be signed?

No, TransferWise-USD accounts do not require signing.

How do I set up a TransferWise-USD account?

Set up an account with https://wise.com/

How do I add TransferWise-USD as a payment method in Bisq?

It is easy to add your TransferWise-USD account to Bisq.

1. Go to the top menu in Bisq and select Account.
2. Then select National Currency Accounts.
3. Click add new account
4. Select TransferWise-USD
5. Complete the details
6. Choose to use a custom account name this helps makes it easier for you to manage multiple payment methods in Bisq (this will be visible only to you, for example: TransferWise-USD - USD - John Doe)
7. Click save new account

Make sure all the details are correct when you add.

Due US banking regulation, sending and receiving USD payments has more restrictions than most other currencies. For this reason USD was not added to Bisq TransferWise payment method. The TransferWise-USD payment method allows Bisq users to trade in USD. Anyone with a Wise, formally TransferWise account, can add TransferWise-USD as a payment method in Bisq. This will allow them to buy and sell BTC with USD. When trading on Bisq BTC Buyers should not use any reference for reason for payment. If reason for payment is required they should only use the full name of the TransferWise-USD account owner.

How do I buy BTC with my TransferWise-USD account?

You can buy BTC with TransferWise-USD on Bisq in 2 waysː

1. Make an offer to buy BTC on the USD market.
2. Take an offer to buy BTC on the USD market.

When the offer is confirmed Bisq will provide you with the BTC Sellers TransferWise-USD details for you to complete the payment. You should send payment immediately and confirm you have done so in Bisq by clicking 'payment started'.

If you have the option to include a payment reference please leave it blank. If your bank requires one, please just use your name that matches your bank account.

Once the BTC Seller receives your payment they will confirm in Bisq and your security deposit and your purchased trade amount will be available in your wallet.

Please send payment only to the email address in the BTC Seller's Bisq TransferWise-USD account. Please leave the payment description blank

How do I sell BTC with my TransferWise-USD account?

You can sell BTC with TransferWise-USD on Bisq in 2 waysː

1. Make an offer to sell BTC on the USD market.
2. Take an offer to sell BTC on the USD market.

When the offer is confirmed Bisq will provide with the BTC Buyer with your TransferWise-USD details for you to complete the payment. They should send payment at their first opportunity and confirm they have done so in Bisq by clicking 'payment started'.

Once you receive payment from the BTC Buyer you should confirm payment has been received in Bisq. One you have done this the BTC Buyer will receive their funds and you will receive your security deposit back.

Please check that the payment received matches the BTC Buyer's name of the TransferWise-USD account in Bisq.

Are there any limits for me to be aware of when using my TransferWise-USD account?

No

Are there any fees for me to be aware of when using my TransferWise-USD account?

~small fee of about $0.25 for all sending transactions ~0.25% if not funding payment using USD.

How does dispute resolution when trading with TransferWise-USD?

If a dispute occurs the mediator may ask the buyer to send them information showing that they made the payment of the correct amount to the BTC Seller within the correct time frame.

The mediator may ask the seller to send them information to prove their account details are correct, or in the case of the BTC Buyer making a payment late, or of the wrong amount.

For more information see dispute resolution.