Review
Bisq Review: Decentralized P2P Exchange for Privacy-focused Users
Updated: Jan 1, 2026
Written by Alex Lewin
Founder & Director of Content
Bisq: Reviewed by BitcoinRamps
Bisq
4.5
Bisq is a decentralized Bitcoin exchange where users trade peer-to-peer over Tor using multisig escrow. Maker/taker fees total 1.3% (0.65% if paid in BSQ). It requires no account, no KYC, and offers strong privacy protections.
Founded
2014
Headquarters
Decentralized
KYC Required
No KYC
Trading Fee
~1.3%
Spread
None (market-determined)
BTC Price
$108,360
Sign-up Bonus
None
Pros
- No KYC
- Strong privacy
- Censorship-resistant
Cons
- Higher taker fees
- Low liquidity
- Requires technical knowledge
Detailed Information
KYC Details
No identification required
Security Features
Multisig escrow
Security deposit
Tor routing
Key Features
Decentralized trading
Tor privacy
Multisig escrow
DAO governance
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