Bisq Network is a decentralized exchange (DEX) that operates without central servers or any reliance on third-party intermediaries. Unlike typical DEXs, Bisq is open-source software that users download and run on their local computers, offering full control over their funds and data. The platform supports peer-to-peer trading, allowing users to trade Bitcoin and other cryptocurrencies for fiat currencies using traditional banking methods.
What sets Bisq apart is its commitment to privacy and decentralization. Transactions occur over the Tor network, ensuring complete anonymity, and there are no Know Your Customer (KYC) requirements. As a community-driven platform, Bisq operates as a Decentralized Autonomous Organization (DAO), where users participate in governance decisions that shape the platform’s future. Additionally, Bisq does not store or collect user data, protecting users from potential hacks or data breaches
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