Bisq is an open source desktop application which enables you to purchase and sells bitcoins in exchange for national currency, or alternative crypto currencies. Bisq is for all people who don’t want to forfeit control or privacy to a central authority to be able to trade with some other individuals. We regard financial transactions as a type of personal language which should be protected from surveillance by banks, governments, along with other institutions.
Unlike traditional online exchanges, Bisq is designed to be:
Instantly accessible – no need for registration or approval from a central authority.
Decentralized – there is no single point of failure. The system is peer-to-peer and trading cannot be stopped or censored.
Safe – Bisq never holds your funds. Decentralized arbitration system and security deposits protect traders.
Private – no one except trading partners exchange personally identifying data. All personal data is stored locally.
Secure – end-to-end encrypted communication routed over Tor.
Open – every aspect of the project is transparent. The code is open source.
Easy – we take usability seriously.
Bisq is a peer to peer exchange. They’ve got an arbitrator who handles disputes, and you’ve to make a deposit for each transaction. Which implies that you just need more funds than the transaction for the Arbitrator’s payout, if there’s a dispute. When there’s no dispute the capital return to you. Although, in case you’ve a large volume of transactions, the deposit of the arbitrator is a significant volume of capital frozen
In case you’ve questions regarding Bitsquare, you can check out their FAQ section on the site and their blog, and also with the FAQ’s in check, about 99 percent of the questions could be answered on that tab alone.
In case you have special questions or problems at hand, you could always post in their forums and get suggestions from the neighborhood or get immediate developer responses himself.
Everybody loves Bitsquare exchange. No hacks has been reported because of the way the system is designed. The majority of the complaints would only come from people that aren’t acquainted with the decentralized platform. They mostly whine about not knowing exactly how a new system works.