Bisq Crypto Exchange Review: The P2P Exchange Network
About Bisq Exchange platform
Bisq is an open-source exchange application. It gives you the opportunity to become a Bitcoin cryptocurrency trader. A specific characteristic of Bisq platform is the fact that you are selling and buying the digital variable in exchange for national currencies.
How to start
The process is not too complicated. It allows to a high number of users to get involved in the Bisq services. First of all, it’s a must to download the application on your desktop or the better way is to create from the source. The desktop version is available for Windows, Mac, Linux and Debian operating systems.
After installing the application, start adding your national cryptocurrency in your account. The most interesting part are the last two steps. All you need to do is to realize a new offer or to choose from the existing ones from the platform. Then, just check the interface and decide when to buy or sell the Bitcoin currencies.
Minimum initial deposit
An advantage is that you do not need to introduce a minimum deposit. The platform doesn’t require it. Instead, there is a limit on the maximum amount of trading currencies. Bisq fixed a 1 BTC limit per transaction. Considering nowadays’ prices of Bitcoin on the global marketplace, some users appreciate the maximum size as a suitable one.
Well, we arrived at one of the most requested questions. On the Bisq platform, at the FAQ section, there is a complicate answer, which has too many options. “Trading fees are based on trade amount and distance to market price”- Bisq team.
So, if you are preparing to buy Bitcoin using their platform at a market opportune price, be ready to pay around 0,002 BTC, considering your size of order.
About Bisq Application
The application has a friendly and simple interface. Any beginner can learn easily how to use it. The platform is desktop-based. It doesn’t’ provide too advanced algorithm, that’s why users are being separated in two, those who appreciate it and those who don’t.
Bisq isn’t exactly the best platform that provides the best exchanging services. But, it’s for sure one of the simplest ones.