Bisq Network

Bisq Network

Bisq Network
In Social Media:
Complex Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $141,098

Bisq Network (formerly known as Bitsquare) is an open-source project and a decentralized network where users can exchange Bitcoin for fiat currencies or alternative cryptocurrencies with full anonymity. Bisq runs as a desktop application that synchronizes with Bitcoin Main Net by using the privacy of the Tor Browser, increasing transaction anonymity.

Bisq trading platform allows users to connect through the TOR browser's anonymous connection layer. Due to the advanced interface, it's best suited to users who understand how anonymous network services work and have traded cryptocurrencies before. One of the downsides is the fact that you need to keep the application running so the transactions can go through.

Traditional Currency Support

  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Euros (EUR)
  • Russian Ruble (RUB)
  • US Dollar (USD)

Language Support

  • English
  • German
  • Greek
  • Serbian
  • Spanish

Country Support

  • Australia
  • Canada
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Desktop APP

Bisq Network security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
No
Funds Insured
Funds are not insured
Private Keys Stored On
User
Storage Type
User is responsible for key storage

Advanced Security Features:

  • Limit amount of daily trades
  • Tor browser anonymity

Security Features:

  • An arbitrator is a real person who finds solutions to any disputes that may occur during a trade

Bisq Network is an open source project, funded by personal savings and community donations. Bisq is not a company, it is a Decentralized Autonomous Organization (DAO) with distributed ownership based on level of participation in the project. Anyone who contributes can become a shareholder. The platform is developed and supported by Manfred Karrer, a developer, who lives in Spain.

Summary:

Bisq Network is a truly innovative peer to peer exchange with an exceptionally high anonymity level and connectivity through the TOR browser. The arbitration feature secures all transactions and ensures user security. The platform is best suited for users who have had previous experience with cryptocurrency exchanges.

Ease of use
Complex
Transaction Fees
0-0.09%
Deposit/Withdrawal Fee
N/A
Deposit/Withdrawal Fee c For Bank Transfer
N/A
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using 3rd party, Send/Receive Crypto

Functionality:

Bisq is a payment solution based on a pure P2P infrastructure (connecting through Tor network services). While transferring fiat currency requires the involvement of traditional channels like banks or payment processors, Bisq works independently. Bisq does not hold any of their clients' Bitcoins. Cryptos are stored in multi-signature addresses rather than a Bisq-controlled wallet.

Most common
customer complaint:

Some users question the legal status of trading cryptocurrency vs fiat currency through this platform, due to concerns with banking regulations in their country.