Bisq

Bisq is a decentralized open-source desktop application that allows users to buy and sell Bitcoin in exchange for national currencies or other cryptocurrencies. Unlike websites, Bisq runs locally on your computer and connects via Tor, ensuring maximum privacy and censorship resistance. There is no central server and no company to shut down.

Trades are secured via a 2-of-2 multisig escrow and a security deposit system. Disputes are handled by a decentralized arbitration system. Bisq is the gold standard for sovereign, non-KYC Bitcoin trading. It is a legitimate software protocol maintained by a DAO (Decentralized Autonomous Organization).

Frequently Asked Questions

1. Is Bisq anonymous?

Yes, Bisq requires no personal information, no email, and no ID verification. All data is stored locally on your machine, and traffic is routed through Tor to hide your IP address.

2. How do I buy Bitcoin?

You must download the software, set up a payment account (like Zelle or SEPA), and take an offer from the order book. You send the fiat payment directly to the seller, and the Bitcoin is released from the multisig escrow.

3. Do I need Bitcoin to start?

Yes, to prevent spam and fraud, both buyers and sellers must post a security deposit in Bitcoin (roughly 15% of trade value). This means you need a small amount of BTC already to make your first trade.

4. specific fees?

Yes, you pay trading fees to the Bisq contributors (in BTC or BSQ token) and mining fees to the Bitcoin network. Using the BSQ token can significantly reduce trading fees.

5. Is it safe?

Bisq is very safe due to its decentralized nature and security deposits. However, because fiat payments are reversible (e.g., chargebacks), the security deposit incentivizes honest behavior. Disputes are resolved by human arbitrators.