Bisq: Difference between revisions
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Bisq is a P2P decentralized Bitcoin and cryptocurrency exchange. It is non-custodial in that it never touches or controls user funds, these are held in user controlled wallets and accounts. Security deposits are done through multisignature Bitcoin addresses. | Bisq (previously Bitsquare) is a P2P decentralized Bitcoin and cryptocurrency exchange. It is non-custodial in that it never touches or controls user funds, these are held in user controlled wallets and accounts. Security deposits are done through multisignature Bitcoin addresses. | ||
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== | ==Currencies== | ||
fiat: | |||
*EUR | |||
*USD | |||
*GBP | |||
*CHF | |||
*CNY | |||
crypto: | |||
*ETH | |||
*XMR | |||
*LTC | |||
*DASH | |||
*ETC | |||
==API== | ==API== | ||
Bisq offers a trading API | |||
==Features and Philosophy== | ==Features and Philosophy== | ||
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Unlike traditional online exchanges, Bisq is designed to be: | Unlike traditional online exchanges, Bisq is designed to be: | ||
Instantly accessible – no need for registration or approval from a central authority. | *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 can not be stopped or censored. | *Decentralized – there is no single point of failure. The system is peer-to-peer and trading can not be stopped or censored. | ||
Safe – Bisq never holds your funds. Decentralized arbitration system and security deposits protect traders. | *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. | *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. | *Secure – end-to-end encrypted communication routed over Tor. | ||
Open – every aspect of the project is transparent. The code is open source. | *Open – every aspect of the project is transparent. The code is open source. | ||
Easy – we take usability seriously. | *Easy – we take usability seriously. | ||
Bisq is for those who do not want to forfeit control or privacy to a central authority in order to trade with other individuals. We regard financial transactions as a form of private speech that should be protected from surveillance by banks, governments, and other institutions. | Bisq is for those who do not want to forfeit control or privacy to a central authority in order to trade with other individuals. We regard financial transactions as a form of private speech that should be protected from surveillance by banks, governments, and other institutions. | ||
==DAO== | ==DAO== | ||
Bisq is a distributed open source project with no company or institution in control. Decisions are made via a DAO in which users and contributors vote with BSQ tokens on major decisions. | |||
== Atomic swaps == | |||
Bisq has pioneered Bitcoin based atomic swaps. It is currently possible to exchange Bitcoin to BSQ atomically. BSQ is Bisq's native token built as a Bitcoin coloured coin. | |||
The atomic swap protocol used by the Bisq DEX goes one step further in reducing counterparty risk: not only are users not exposed to exchange counterparty risk (since DEX holds no user funds) but it also eliminates the possibility of a buyer or seller failing to pay. The transaction is instant, automatic and final (once confirmed in a Bitcoin blockchain block). | |||
==See Also== | ==See Also== | ||
Latest revision as of 13:27, 22 November 2022
Bisq (previously Bitsquare) is a P2P decentralized Bitcoin and cryptocurrency exchange. It is non-custodial in that it never touches or controls user funds, these are held in user controlled wallets and accounts. Security deposits are done through multisignature Bitcoin addresses.
Trading
- Buying/selling
Currencies
fiat:
- EUR
- USD
- GBP
- CHF
- CNY
crypto:
- ETH
- XMR
- LTC
- DASH
- ETC
API
Bisq offers a trading API
Features and Philosophy
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 can not 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 for those who do not want to forfeit control or privacy to a central authority in order to trade with other individuals. We regard financial transactions as a form of private speech that should be protected from surveillance by banks, governments, and other institutions.
DAO
Bisq is a distributed open source project with no company or institution in control. Decisions are made via a DAO in which users and contributors vote with BSQ tokens on major decisions.
Atomic swaps
Bisq has pioneered Bitcoin based atomic swaps. It is currently possible to exchange Bitcoin to BSQ atomically. BSQ is Bisq's native token built as a Bitcoin coloured coin.
The atomic swap protocol used by the Bisq DEX goes one step further in reducing counterparty risk: not only are users not exposed to exchange counterparty risk (since DEX holds no user funds) but it also eliminates the possibility of a buyer or seller failing to pay. The transaction is instant, automatic and final (once confirmed in a Bitcoin blockchain block).
See Also
External Links
- Bisq web site
- @bisq_network Twitter