Bisq Review – Does This Platform Suit Your Crypto Needs?

When decentralized exchanges are discussed, Bitcoin often gets overlooked in favor of Ethereum or other blockchain networks. However, since 2014, Bisq has stood out as a unique, Bitcoin-focused decentralized exchange.

In this Bisq review, we explore how this platform facilitates BTC trades in a fully decentralized manner, distinguishing itself from popular DEXs like BNB chain projects.

Exchange status:	P2P DEX
Regulated by:	No Regulation Expected
Operating Status:	Active Crypto Exchange
Known Websites:	bisq.network
Blacklisted as a Scam by:	N/A
Owner:	Stakeholders
Headquarters Country:	Spain
Foundation Year:	2014
Online Trading Platforms:	N/A
Mobile App:	Available
Minimum Deposit:	N/A
Deposit Bonus:	N/A
CFD Trading Option:	No, you cannot trade CFDs
Crypto Asset Trading:	Yes
Available Trading Instruments:	Crypto
Maximum Leverage:	N/A
Islamic Account:	Unavailable
Free Demo Account:	Unavailable
Accepts US clients:	Yes
Global Fraud Protection Experts’ Verdict:	Contact our team for fund recovery services if you experience withdrawal issues with Bisq.

Is Bisq Regulated?

We’re talking about a decentralized platform running via an open-source desktop application that enables users to buy and sell cryptocurrencies for national currencies.  Founded by Manfred Karrer in 2014, the Bisq exchange operates without a central authority and provides a privacy-focused trading environment for its users.

Despite its innovative approach, Bisq is not regulated by any financial authority. As a DApp, it relies on social consensus and stakeholder voting rather than traditional corporate governance structures for decision-making. This means users must know the inherent risks associated with unregulated trading platforms. Without regulation, your money is not protected, making the whole setup look even less trustworthy.

A lack of a license often means you’re alone if things go south. In our Solace Finance review, we explain why that matters. To ensure safe crypto trading, it is vital to choose firms regulated by respectable financial authorities like the FCA (UK), CFTC/NFA (US), IIROC (Canada), ASIC (Australia), or MAS (Singapore).

Trader Reviews – Sharing Experiences

We found 22 Bisq reviews on trustpilot.com. As of writing, the platform received a score of 1.9/5 (poor). There are even some serious scam accusations. It’s not a good look for the platform, though.

What about Bisq Reddit threads? There’s one where users explain the platform’s core pros and cons. They explain its advantages and what its best uses are. In general, they deem it an average exchange.

We strongly encourage our readers to carefully review all feedback before making online investments. Authentic reviews can provide valuable insights and help avoid traps like Broker Edge. Also, check regulatory warning list to confirm that the firm you’re considering hasn’t been flagged as a hoax.

Who Are Bisq’s Users?

WHOIS says the Bisq.network website domain has been active since February 23, 2017, when the company was founded three years earlier. Since then, the exchange has mainly been providing services to traders and investors who reside in the following countries:

• United States
• United Kingdom
• Brazil
• Germany
• Canada

Each country on the list has stringent regulatory bodies that oversee financial markets and require proper permits for access. As mentioned, the Bisq DAX operates without a license and remains under the regulatory radar globally.

The lack of regulation means the platform doesn’t meet legal standards or qualify for entry into tightly controlled markets like the U.S. or Canada. Engaging with unlicensed platforms carries risks, as there is no institutional protection or financial recourse if issues arise.

Is the Bisq App Available?

The Bisq P2P app is available for download on major operating systems, including Windows, macOS, and Linux. As an open-source project, it ensures that users can access and modify the software freely, supporting decentralized trading.

Users can easily download the Bisq app from the official website. According to the description, the app’s design prioritizes user privacy and security, catering to those who value anonymity in their transactions. Moreover, the platform supports a wide range of national currencies to appeal to a global audience.

How Bisq Works

Users can start by clicking on the Bisq download and install desktop applications available for various operating systems.  Once installed, they can create an account, set up payment methods, and secure it with multiple signature transactions to enhance security.

Trading on Bisq involves creating or taking offers. Users can post an offer to buy or sell a cryptocurrency or browse existing offers from other users. Each trade goes through a decentralized network, ensuring no central entity controls the transactions. Bisq claims it uses multi-signature escrow addresses to hold the funds until both parties confirm the trade.

The platform uses BSQ tokens, a Bitcoin-based colored coin, to facilitate the distribution of trading fees. These tokens compensate contributors to the Bisq project, which can be used to pay trading fees or burned to reduce supply. The platform does not require users to provide personal information; all communication is encrypted.

Trades are conducted directly between users, minimizing the risk of hacks or fraud associated with centralized exchanges. Additionally, the platform offers a dispute resolution system where mediators help resolve any issues during a trade.

Deposit and Withdrawal Methods

When a trade is initiated, both parties lock their funds into the previously mentioned multi-signature escrow so that neither can access the funds until the transaction is completed. Once the buyer and seller agree on the trade terms, the buyer sends the payment directly to the seller using an agreed-upon payment method, such as bank transfer or a specified cryptocurrency.

After the seller confirms receipt of the payment, the funds in escrow are released to both parties, completing the transaction.  The P2P payment process ensures that Bisq does not hold or control user funds at any stage. At the same time, users maintain privacy and control over their transactions.

However, the situation becomes more complex if your crypto assets disappear under suspicious circumstances. Tracing blockchain transactions and pinpointing the recipient’s wallet can be incredibly difficult. This is where Fusion Forensics Limited proves invaluable—a sophisticated tool for tracking crypto transactions. Our expert team is skilled in these scenarios and can assist you in recovering your assets.

Pros and Cons

Pros	Cons
Decentralization Privacy & security Open source Global access	Unregulated Negative feedback Potential slower transactions Liquidity

What Should I Do If I Have Issues with Bisq?

Bisq is a decentralized, open-source platform that facilitates secure and private peer-to-peer cryptocurrency trading without requiring personal information or a central authority. Although the exchange promises seamless transactions, many users have reported issues. It’s also unregulated, casting a shadow over its legitimacy.

We offer professional assistance if you experience issues using the Bisq crypto platform. Book a free consultation with Fusion Forensics Limited and tell us more about your case. We will analyze it together and devise a solution to recover your hard-earned funds!

Book your free consultation here to get your money back!