You can use different payment methods to buy and sell Bitcoin on Bisq. But there is a designated payment method for every offer on Bisq. For fiat payment methods, the limits depend on the user's payment account risk profiles and account-signing mechanism.
Bisq supports over 20 payment methods, and they vary in transaction size, fees, chargeback risk availability, privacy and other factors.
Payment account aging determines how much Bitcoin you can buy or sell with a particular payment method. If you have a lower-risk payment account, aging begins immediately and no account signing is required. For those with higher-risk payment accounts, the aging starts when the account is signed by a trusted peer. The maximum buy limit is only 0.01 BTC until after a trading peer signs the payment account.
Payment accounts are considered a higher risk when it's used to buy or sell Bitcoin for a major currency (such as GBP, USD, CAD, EUR, AUD, and BRL), or the payment account has chargeback risk.
If you want higher spending limits on Bisq, make sure to have a signed payment account. A signed account indicates that you can be trusted to trade honestly and therefore allowed to have higher limits.
Below are the steps to have your account signed:
Account signing only works per payment account. If you have more than one account, you'll need to have the other accounts signed too.
1. Take an offer to purchase Bitcoin.
The offer must be from someone with a signed account. Look for the check mark on their offer — it means the trading peer can sign your account.
2. Settle the trade.
Your account is signed after fiat payment and when the seller clicks Confirm payment received.
After 30 days, the 0.01 buying limit is lifted. You will be able to sign other accounts. If you have other questions, please contact Customer Support.
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