Buy and sell crypto currencies in exchange for some of the world’s most widely-used currencies with the help of this efficient application.
- Version :0.5.1 Beta
- License :Trial
- OS :Windows All
- Publisher :Bitsquare Team
One of the main concerns regarding online currency exchange is, of course, the whole ‘privacy’ issue. This is probably one of the main reasons why, although Bitcoin and other similar digital currency have picked up a fair bit of popularity in the past years, they are still far from being accepted by both the general public and major corporations.
This is why the valiant efforts of the team behind the community-based project called Bitsquare should be greatly commended since they’ve managed to create an open source app that is easily accessible, highly secure and decentralized from everything remotely resembling an authority or third-parties.
Bitsquare – decentralized and privacy-aware bitcoin exchange
In just a few words, Bitsquare is a useful piece of software that allows you to exchange bitcoin for national currencies and even other, similar digital currencies, all while keeping your privacy data protected from possible surveillance institutions, governments or banks.
Before anything else, you should be aware of the fact that your privacy during the transactions is closely protected thanks to end-to-end encryption protocols routed with the help of the already popular, Tor – The Onion Router.
User-friendly interface and streamlined installation process
Both deploying it and getting started with this app does not require anything more than a basic understanding of computers, so even novice users should be able to get through this process without encountering difficulties.
The interface strikes a very good balance between modern looks and functionality with a very well thought-out layout that provides intuitive access to all the app’s features.
Intuitive layout and novice-accessible workflow
There’s a top toolbar that allows you to quickly access self-explanatory sections such as Market, Portfolio, Funds, Settings and Account. The Market section is basically the place where you will spend most of your time while using this app and it will most probably involve you having to stare and wait until the most profitable opportunities to arise.
All three sections, Offer book, Spreads and Trades within the Market section do a stellar job at providing you with accurate financial statistics, both in numerical and graphical forms.
Exchange Bitcoin for national currencies with practically no effort on your behalf
Once you get a basic feel for the app’s functionality and before you actually start trading, it’s advisable that you head over to the Account section and be sure to setup your online trading accounts for national currencies. Quite interestingly, for Bitcoin there’s no need to set up an account, as you can manage your Wallet within the aforementioned Funds section.
This said, all that’s left for you to do now is to either create a new daring offer or take up on an already existing one from the provided lists.
Decentralized project that removes third parties from exchange transactions
All in all, Bitsquare is a very exciting application that provides the average user the power and the control necessary for exchanging Bitcoin for national currencies, without having to worry about possible stressful, privacy-related incidents.
If you like what Bitsquare community is all about, you can read all about this praise-worthy project by visiting the official Bitsquare website.