Creating a payment account - Revision history

Plebeian9000: add caption to altcoins instant screenshot

2021-04-16T22:06:46Z

add caption to altcoins instant screenshot

Plebeian9000: refine fiat currency section and add altcoin section

2020-08-30T13:12:16Z

refine fiat currency section and add altcoin section

Plebeian9000: Plebeian9000 moved page Create a payment account to Creating a payment account: use gerunds in title per style guide

2020-08-30T12:35:47Z

Plebeian9000 moved page Create a payment account to Creating a payment account: use gerunds in title per style guide

Plebeian9000: switch backup link to new backup page

2020-06-19T01:54:10Z

switch backup link to new backup page

HunterNyan: fixed links

2020-04-27T16:36:30Z

fixed links

HunterNyan: remove guides

2020-04-27T16:34:07Z

remove guides

HunterNyan: added to guides

2020-04-26T22:08:30Z

added to guides

Bayer at 16:58, 3 March 2020

2020-03-03T16:58:26Z

Cbeams: Created page with "https://docs.bisq.network/getting-started.html#configure-a-national-currency-account Category:Stubs Category:Use Cases"

2020-02-26T13:15:58Z

Created page with "https://docs.bisq.network/getting-started.html#configure-a-national-currency-account Category:Stubs Category:Use Cases"

New page

https://docs.bisq.network/getting-started.html#configure-a-national-currency-account

[[Category:Stubs]]
[[Category:Use Cases]]

@@ Line 49: / Line 49: @@
 By default, all altcoins trades on Bisq have trade periods of 1 day, but you can set up an Altcoins Instant account on Bisq for 1-hour trade periods. Just check the box in the payment account creation process.
-[[File:Altcoin-instant-setup.png|500px|thumb|left]]
+[[File:Altcoin-instant-setup.png|500px|thumb|left|Check this box to set up an Altcoins Instant account.]]
 [[Category:Use Cases]]

@@ Line 1: / Line 1: @@
-Before you can buy or sell on Bisq you must create a national currency account if trading Bitcoin or an altcoin account if trading altcoins.
+'''Payment accounts''' indicate the method by which Bisq trades are to be settled. You must create a national currency account to trade bitcoin for national currencies or an altcoin account to trade altcoins for bitcoin.
-The following steps we'll take you through the process of setting up a national currency account for the purpose of buying Bitcoin.
+__TOC__
 == Creating a national currency account ==
-Since we're looking to buy Bitcoin we would navigate to the '''BUY BTC''' screen on the Bisq application. You'll quickly notice that all the offers are disabled, this is because you have yet to set up an appropriate account. For details on the different types of payment accounts, including trade limits, trading period and regions check out [[Payment methods]].
+Before creating a national currency account, notice that we cannot take any offers. The buttons to take offers are disabled, and if we try to click any of them, Bisq will tell us we need to create a payment account first.
 [[File:BuyBitcoinscreen.png|thumb|left|500px]]
 <br clear=all>
-Go to the '''Account''' screen and click on '''National Currency Accounts'''. Under '''Select payment method''' choose '''Zelle''' from the dropdown menu and enter your details.
+You can create a new national currency account in <code>Account</code> > <code>National Currency Accounts</code>. Pick the payment account type from the drop-down and fill out the form. For more details on the various payment methods Bisq offers, see [[Payment methods]].
-You’ll need to enter your '''full name''' as registered with your Zelle account as well as the '''email address or mobile phone number''' linked to your Zelle account.
+Bisq will ask you for information required to set up the account in Bisq. '''Recall that all the information you put in here is stored locally''', and only sent to your trading peer upon confirmation of the trade's deposit transaction. This is a stark contrast to typical exchange KYC, where personal information is stored in a central database honeypot indefinitely for various forms of harassment and surveillance.
 [[File:Accountsetup.png|thumb|left|500px]]
@@ Line 20: / Line 23: @@
 <br clear=all>
-You don’t need to edit the Salt field. You can keep the Account name unchanged or change it however you like: this is an internal label that only you will ever see, so there’s no right or wrong value for it.
+You don’t need to edit the Salt field. Account name is a label you can set to make it easier to distinguish between other payment accounts you set up; only you will ever see, so there’s no right or wrong value for it.
-Once you're done, click on '''Save new account''' and go back to the '''Buy BTC''' screen. Offers requiring the payment method you just configured should now be enabled:
+Once you're done, click <code>Save New Account</code>. Go back to the <code>Buy BTC</code> screen and you'll see that offers requiring the payment method you just configured will now be enabled:
 [[File:BuyBTC-accountenabled.png|thumb|left|500px]]
@@ Line 30: / Line 31: @@
 <br clear=all>
-'''A few things to keep in mind:'''
+=== Notes ===
-''* What if there are no existing offers for the payment method I want to use?''
+Navigate to the <code>Account</code> > <code>Altcoin Accounts</code>, click <code>Add New Account</code>, pick the altcoin you'd like to trade in the drop-down, and fill out the form.
-If you don’t see any offers for the payment method you want to use, consider creating your own offer with the '''Create new offer to buy BTC with USD''' button in the top-right. Just keep in mind that your offer will only be available while your Bisq program is '''online'''.
+=== Special requirements ===
-You can also check back later, as offers come and go as Bisq users around the world go online and offline throughout the day.
+Some altcoins have specific requirements. Monero, for example, requires that sellers be able to provide a transaction key in case of a dispute, which is not available in all XMR wallets. L-BTC buyers must use a wallet that shows the blinding key. '''Make sure to read any pop-ups carefully to make sure your trades go as smoothly as possible.'''
-''* Where is my payment account data stored?''
+=== Instant accounts ===
-[[Backing_up_application_data|On your computer]] only (i.e., the computer on which Bisq is installed). Only your trading partner (and your mediator or arbitrator, if there’s a dispute) will ever see your payment details.
+By default, all altcoins trades on Bisq have trade periods of 1 day, but you can set up an Altcoins Instant account on Bisq for 1-hour trade periods. Just check the box in the payment account creation process.
 [[Category:Use Cases]]

@@ Line 40: / Line 40: @@
 ''* Where is my payment account data stored?''
-On your [[Backup_%26_Recovery|computer]] only (i.e., the computer on which Bisq is installed). Only your trading partner (and your mediator or arbitrator, if there’s a dispute) will ever see your payment details.
+[[Backing_up_application_data|On your computer]] only (i.e., the computer on which Bisq is installed). Only your trading partner (and your mediator or arbitrator, if there’s a dispute) will ever see your payment details.
 [[Category:Use Cases]]

@@ Line 5: / Line 5: @@
 == Creating a national currency account ==
-Since we're looking to buy Bitcoin we would navigate to the '''BUY BTC''' screen on the Bisq application. You'll quickly notice that all the offers are disabled, this is because you have yet to setup an appropriate account. For details on the different types of payment accounts, including trade limits, trading period and regions [[https://docs.bisq.network/payment-methods.html click here]].
+Since we're looking to buy Bitcoin we would navigate to the '''BUY BTC''' screen on the Bisq application. You'll quickly notice that all the offers are disabled, this is because you have yet to set up an appropriate account. For details on the different types of payment accounts, including trade limits, trading period and regions check out [[Payment methods]].
 [[File:BuyBitcoinscreen.png|thumb|left|500px]]
@@ Line 40: / Line 40: @@
 ''* Where is my payment account data stored?''
-On your [[https://bisq.wiki/Backup_%26_Recovery computer]] only (i.e., the computer on which Bisq is installed). Only your trading partner (and your mediator or arbitrator, if there’s a dispute) will ever see your payment details.
+On your [[Backup_%26_Recovery|computer]] only (i.e., the computer on which Bisq is installed). Only your trading partner (and your mediator or arbitrator, if there’s a dispute) will ever see your payment details.
 [[Category:Use Cases]]

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← Older revision		Revision as of 22:08, 26 April 2020
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← Older revision		Revision as of 16:58, 3 March 2020
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−	https://docs.bisq.network/~~getting~~-~~started~~.html~~#configure-~~a-~~national-currency~~-account	+	Before you can buy or sell on Bisq you must create a national currency account if trading Bitcoin or an altcoin account if trading altcoins.
		+
		+	The following steps we'll take you through the process of setting up a national currency account for the purpose of buying Bitcoin.
		+
		+	== Creating a national currency account ==
		+
		+	Since we're looking to buy Bitcoin we would navigate to the '''BUY BTC''' screen on the Bisq application. You'll quickly notice that all the offers are disabled, this is because you have yet to setup an appropriate account. For details on the different types of payment accounts, including trade limits, trading period and regions [[https://docs.bisq.network/payment-methods.html click here]].
		+
		+	[[File:BuyBitcoinscreen.png\|thumb\|left\|500px]]
		+
		+	<br clear=all>
		+	We'll now create a Zelle account. You can adapt the instructions that follow to the payment method you choose.
		+
		+	Go to the '''Account''' screen and click on '''National Currency Accounts'''. Under '''Select payment method''' choose '''Zelle''' from the dropdown menu and enter your details.
		+
		+	You’ll need to enter your '''full name''' as registered with your Zelle account as well as the '''email address or mobile phone number''' linked to your Zelle account.
		+
		+	[[File:Accountsetup.png\|thumb\|left\|500px]]
		+
		+	<br clear=all>
		+
		+	You don’t need to edit the Salt field. You can keep the Account name unchanged or change it however you like: this is an internal label that only you will ever see, so there’s no right or wrong value for it.
		+
		+	'''Warning:''' '''It’s crucial that the information you enter here is correct. Your trading partner can only acknowledge your payment if it’s from the account detailed here. Once you’ve created an account, you cannot edit its information (if you need to make a change, you’ll have to delete and add the account again). '''
		+
		+	Once you're done, click on '''Save new account''' and go back to the '''Buy BTC''' screen. Offers requiring the payment method you just configured should now be enabled:
		+
		+	[[File:BuyBTC-accountenabled.png\|thumb\|left\|500px]]
		+
		+	<br clear=all>
		+
		+	'''A few things to keep in mind:'''
		+
		+	''* What if there are no existing offers for the payment method I want to use?''
		+
		+	If you don’t see any offers for the payment method you want to use, consider creating your own offer with the '''Create new offer to buy BTC with USD''' button in the top-right. Just keep in mind that your offer will only be available while your Bisq program is '''online'''.
		+
		+	You can also check back later, as offers come and go as Bisq users around the world go online and offline throughout the day.
		+
		+	''* Where is my payment account data stored?''
		+
		+	On your [[https://bisq.wiki/Backup_%26_Recovery computer]] only (i.e., the computer on which Bisq is installed). Only your trading partner (and your mediator or arbitrator, if there’s a dispute) will ever see your payment details.
		+

−	~~[[Category:Stubs]]~~
	[[Category:Use Cases]]		[[Category:Use Cases]]