Trading Monero

Auto-confirming trades verify receipt of altcoin payment automatically. Typically, altcoin buyers must check their wallet and manually mark a payment as received in Bisq. Auto-confirming trades do this automatically, making trades quicker and more efficient for both traders.

This feature is currently available for XMR trades where:

• the XMR seller provides a valid transaction key or viewkey
• the XMR buyer has auto-confirming trades turned on in Bisq settings

XMR explorer nodes

By default, the Bisq auto-confirm feature relies on 2 XMR explorer nodes run by Bisq contributors. Auto-confirmation will only take place if the results from both nodes agree funds were received.

Set up your own node

For maximum privacy and security, users are recommended to run their own XMR explorer node for verifying receipt of funds.

1. Build Monero from source. Check out this guide for further guidance. If on a Debian-based distro, Ubuntu (18.04 in particular) tends to work better than plain Debian.
2. Build the Monero explorer from source.
3. Run monerod.
4. Once the Monero blockchain is synced, run the explorer with xmrblocks --enable-json-api.
5. Specify your explorer's address on the Bisq settings screen.

Settings

On the Bisq settings screen, you can set:

• Maximum amount of BTC that can be confirmed per trade
• Number of required confirmations
• XMR explorer node address, if running your own node