Bisq

Bisq Edge Over Others

it’s an exchange that’s dedicated to decentralization. People who like the Bisq exchange like its ideology of decentralized governance, which is also key to cryptocurrency in general. The benefits are:

  • Increased privacy and anonymity
  • Lower fees
  • You keep control of your crypto
  • It’s open to unbanked users 

     

    And, a bit like a credit union, Bisq is owned and run by its traders and contributors. Its founding principles are user privacy, user security, and censorship resistance. The idea of censorship resistance is a core part of decentralization.

 

Bisq User Interface

5/5

Bisq is a desktop application that you need to install on your computer. You can download a mobile app to monitor any trade notifications, but you won’t be able to trade on the go. You’ll have to use your desktop. Plus, your computer has to be online for your offer to be live.

Bisq desktop user interface

Bisq listed coins

5/5

There’s no set list of cryptocurrencies you can trade on Bisq. It depends on what currencies people put on the market. You’re almost certain to find big currencies such as Bitcoin and Ethereum. Similarly, in theory, you can use any fiat currency you want to trade, from U.S. dollars to Hungarian forints.

You’re more likely to find a market for better-known currencies and Bisq’s own coin (BSQ). For example, recent trades include:

  • Bitcoin (BTC)
  • BSQ (BSQ)
  • Monero (XMR)
  • Ethereum (ETH)
  • Dash (DASH)
  • Litecoin (LTC)
  • Zcash (ZEC)
  • Galilel (GALI)

Bisq General Overview

5/5

This cryptocurrency exchange is a good fit for: Crypto traditionalists who believe in the ideology of decentralization. Bisq is not a fit for most other cryptocurrency investors.

Pros

  • Decentralized exchange
  • Various payment options
  • Instant approval
  • No geo restrictions
  • You’re in control
  • Security

Cons

  • Decentralization isn’t for everyone
  • Application is somewhat basic
  • Potential for fraud

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