Bisq: No-KYC P2P platforms
Bisq is desktop software for peer-to-peer exchange that runs on your own machine, with no central server and no account.
Specifications
| KYC required | No |
|---|---|
| Escrow type | 2-of-2 multisig with security deposit |
| BRL | Yes |
| Pix | to verify |
| Tor | Yes |
| Fees | Trading fee + mining fee (to verify) |
| Open source | Yes |
| Mobile app | No |
| Official site | https://bisq.network |
How does it work in practice?
- Download and verify the application signature.
- Fund the security deposit with bitcoin.
- Take or create an offer in your currency.
- Send the fiat payment outside the application.
- Release the multisig once the seller confirms.
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Frequently asked questions
- Does a P2P platform hold my bitcoin?
- On escrow platforms, bitcoin is locked in multisig or a hold invoice during the trade, not in a company account.
- Can I use instant bank payments in a no-KYC trade?
- Yes, they are common in fiat offers. They identify the payer to the seller, but they do not create an account at the platform.
- What if the counterparty disappears?
- With escrow there is a dispute process and the bitcoin stays locked until resolution. Without escrow, the risk is entirely yours.