Bisq is an open-source, peer-to-peer application that allows you to buy and sell cryptocurrencies in exchange for national currencies. The platform is decentralized, meaning it operates without a central authority, and no registration is required. Bisq is non-custodial, meaning it does not hold users’ funds.
Bisq’s main goal is to respect privacy and maintain freedom, it accomplishes this by being instantly accessible, with no need for approval from a central authority. Built-in privacy features ensure that your activities are kept private.
In Bisq’s decentralized model, traders use the platform to find each other, but the trade is conducted directly between their wallets; no third party takes custody of the funds at any point in the transaction. This is a key difference between Bisq and centralized cryptocurrency exchanges.
Security deposits held in multisignature contracts, as well as arbitrators, are used to resolve disputes between traders.
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