Bisq

Bisq is a decentralized cryptocurrency exchange that enables users to buy and sell bitcoin for fiat currencies or other cryptocurrencies through a peer-to-peer network. This platform operates without the need for registration, providing a quick and straightforward way for individuals to start trading. With open-source desktop software, users can easily download the application and begin their trading journey in under ten minutes.

The exchange prioritizes privacy and security by ensuring that users do not undergo identity verification, allowing transactions to take place without the oversight of a central authority. Bisq employs a multisig wallet system for deposits, which enhances the safety of funds, as the platform itself holds no user funds. Additionally, all user data is stored locally and not transmitted to a central server; every Bisq node operates as a Tor hidden service by default for added privacy.

Bisq is governed by a decentralized autonomous organization (DAO), fostering community involvement in the project’s ongoing development and strategy through transparent discussions on platforms like Matrix and GitHub. As part of its dedication to improvement, the exchange announced Bisq 2, now in beta, introducing a new trading protocol and encouraging user feedback via integrated chat functions. This ongoing evolution underscores Bisq’s dedication to refining the user experience while upholding the core principles of decentralization and privacy.