Bisq
Bisq is an open-source, decentralized peer-to-peer desktop application for buying and selling Bitcoin for fiat currencies or alternative cryptocurrencies without intermediaries.
Overview
Bisq is a decentralized, open-source desktop application that enables users to buy and sell Bitcoin in exchange for national fiat currencies or alternative cryptocurrencies. It operates on a peer-to-peer network, allowing direct trades between users without relying on centralized intermediaries or requiring registration. Bisq emphasizes privacy and censorship resistance by routing traffic over Tor and using multisignature escrow deposits to secure trades. The platform supports multiple operating systems including Windows, macOS, and various Linux distributions.
Bisq offers two main software versions: Bisq 1, the original platform launched in 2016, which uses a multisig deposit system to secure trades and supports larger trade sizes; and Bisq 2, introduced in 2024, which includes the Bisq Easy protocol. Bisq Easy simplifies the trading process by removing deposit requirements and trading fees, relying instead on seller reputation for security. This makes it more accessible for smaller trades up to approximately $600 USD, targeting new users or those making smaller fiat trades.
The platform is designed for users who prioritize privacy, security, and decentralization in cryptocurrency trading. It requires users to run the desktop software locally, connecting to the Bisq peer-to-peer network. Trades are secured through a combination of multisignature escrow and reputation systems, reducing counterparty risk. Bisq's open-source nature allows developers and contributors to audit, improve, and extend the software. Getting started involves downloading the appropriate client for your OS, setting up a Bitcoin wallet, and following the guided trade process. Comprehensive documentation and community support are available through the Bisq Wiki and forums.
The Problem
Centralized cryptocurrency exchanges often require user registration, custody of funds, and expose users to censorship, privacy risks, and regulatory restrictions. Many users seek a way to trade Bitcoin for fiat or altcoins without intermediaries or compromising privacy.
The Solution
Key Features
Cross-Platform Desktop Application
Available for Windows, macOS, and multiple Linux distributions with easy installation.
Multiple Trade Protocols
Supports Bisq 1 multisig escrow and Bisq Easy reputation-based protocols for different trade sizes and user preferences.
No Registration or KYC Required
Users trade anonymously without submitting personal information.
Key Strengths
How Developers Use Bisq
Private Bitcoin to Fiat Trading
Users can securely buy or sell Bitcoin for national currencies without exposing personal data or relying on centralized exchanges.
Peer-to-Peer Altcoin Trading
Traders can exchange Bitcoin for supported alternative cryptocurrencies directly with other users.
Small-Scale Bitcoin Trades with No Fees
Bisq Easy protocol enables smaller trades up to $600 USD without deposit requirements or trading fees, ideal for newcomers.
Works Well WithBitcoin
Power your next build
Discover trusted tools and services in the QuickNode Marketplace. Everything you need to launch faster and scale smarter.
Bisq Alternatives
Explore web3 competitors and apps like Bisq.
MEXC
MEXC is a leading cryptocurrency exchange offering trading, buying, and earning opportunities across thousands of crypto assets.
AtomicDEX
AtomicDEX is a decentralized exchange platform focused on next-generation finance and cross-chain trading.
Robinhood
Commission-free trading platform for stocks, options, crypto, and more with advanced tools and fractional shares.
Crypto.com
Crypto.com is a comprehensive platform offering cryptocurrency trading, payments, wallets, and DeFi services to over 150 million users worldwide.
Bitstamp
Bitstamp is a cryptocurrency exchange platform offering trading services for digital assets.
Sudoswap
A decentralized, gas-efficient automated market maker protocol for NFT-to-token swaps using customizable bonding curves.
PancakeSwap DAO
Trade, earn, and own crypto on the all-in-one multichain decentralized exchange (DEX).
SushiSwap
SushiSwap is a decentralized exchange and DeFi platform supporting over 30 chains with a powerful aggregator for optimal trading rates.
PancakeSwap
PancakeSwap is a leading decentralized exchange on BNB Smart Chain offering trading, earning, and gaming features with low fees and full user custody.
Pricing
Bisq 1 | Bisq Easy (Bisq 2) | |
|---|---|---|
| Price (Monthly) | Free | Free |
| Price (Annual) | Free | Free |
| Messaging | N/A | N/A |
| Support | Community support via forums and chat | Community support via forums and chat |
| Analytics |
Resources
Bisq provides extensive documentation, community forums, and open-source code repositories to support users and developers. The Bisq Wiki offers detailed guides on installation, trading protocols, and security. Community channels include Matrix chat, Reddit, Telegram, and a dedicated forum for peer support and development discussions.