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A simple and private bitcoin exchange
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Create Fiat Payment Guide (#83) 
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Re create the whole file from scratch after some research on robosats/docs/how-to-use.md and bisq trading rule.

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.github/ISSUE_TEMPLATE Add concept for BTC <> Fiat p2p swap using Lightning. 2022-01-01 07:28:49 -08:00
api Fix payment method delete bug, improve viz (better icons, better shadows) 2022-03-30 13:01:26 -07:00
chat Add UI, switch rewards, switch advanced, allow bondless, robologo 2022-03-15 11:20:57 -07:00
control Add autocomplete, icons, custom selector 2022-03-29 16:16:59 -07:00
dev_utils Work on update order endpoint and taker requests 2022-01-04 16:13:08 -08:00
docker Add UI, switch rewards, switch advanced, allow bondless, robologo 2022-03-15 11:20:57 -07:00
docs Create Fiat Payment Guide (#83) 2022-04-03 22:25:46 +00:00
frontend Small cosmetic and usuability fixes 2022-04-01 13:19:03 -07:00
robosats Add limits API endpoint 2022-03-20 16:46:36 -07:00
.editorconfig Initialize the Django project and write setup guide 2022-01-01 10:53:17 -08:00
.env-sample Add maker selects fidelity bond size 2022-03-18 15:09:38 -07:00
.gitignore Add autocomplete, icons, custom selector 2022-03-29 16:16:59 -07:00
CONTRIBUTING.md Add concept for BTC <> Fiat p2p swap using Lightning. 2022-01-01 07:28:49 -08:00
docker-compose.yml Add string to icons. Add payment icons to order and book page. 2022-03-30 07:26:13 -07:00
Dockerfile Fix taker bond is not return on maker cancel. Update all libs. Add extra hosts. 2022-02-13 16:43:49 +00:00
LICENSE Add concept for BTC <> Fiat p2p swap using Lightning. 2022-01-01 07:28:49 -08:00
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requirements.txt Init accounting panel, add import/export 2022-03-20 16:32:25 -07:00
setup.md Fix cancel lnpayment at WFM. Add svgs, BTC currency flag. Fix pretty numbers 2022-02-16 18:45:18 -08:00

README.md

RoboSats - Buy and sell Satoshis Privately

release AGPL-3.0 license Telegram

RoboSats is a simple and private way to exchange bitcoin for national currencies. Robosats simplifies the peer-to-peer user experience and uses lightning hold invoices to minimize custody and trust requirements. The deterministically generated avatars help users stick to best privacy practices.

Try it out!

Bitcoin Mainnet

⚠️ Always use Tor Browser and .onion for best anonymity. The Clearnet URL redirects to a third party Tor2web service. Your privacy cannot be guaranteed to be respected. Use clearnet only to check around the app, never use for trading!⚠️

Bitcoin Testnet

How to use it

How it works

Alice wants to buy satoshis privately:

  1. Alice generates an avatar (AdequateAlice01) using her private random token.
  2. Alice stores safely the token in case she needs to recover AdequateAlice01 in the future.
  3. Alice makes a new order and locks a small hold invoice to publish it (maker bond).
  4. Bob wants to sell satoshis, sees Alice's order in the book and takes it.
  5. Bob scans a small hold invoice as his taker bond. The contract is final.
  6. Bob posts the traded satoshis with a hold invoice. While Alice submits her payout invoice.
  7. On a private chat, Bob tells Alice how to send him fiat.
  8. Alice pays Bob, then they confirm the fiat has been sent and received.
  9. Bob's trade hold invoice is charged and the satoshis are sent to Alice.
  10. Bob and Alice's bonds return automatically, since they complied by the rules.
  11. The bonds would be charged (lost) in case of unilateral cancellation or cheating (lost dispute).

Contribute to the Robotic Satoshis Open Source Project

See CONTRIBUTING.md

Original idea

The concept of a simple custody-minimized lightning exchange using hold invoices is heavily inspired in P2PLNBOT by @grunch

License

The Robotic Satoshis Open Source Project is released under the terms of the AGPL3.0 license. See LICENSE for more details.