Bisq is a decentralized exchange and is known for peer-to-peer trading with no KYC. Users have the option to create their own offer or choose an offer already listed by fellow traders. However, bitcoin is an initial requirement before using the platform.

To buy bitcoin using Bisq, the trader would need the equivalent amount of bitcoin plus a percentage amount defined by their peer. This extra amount of bitcoin is locked and used as a deposit to secure the transaction, the security deposit is then returned after the trade is successful.

The Bisq UI is not for the light-hearted but overall, it is a very community driven platform where trust is instilled between one another, encouraging solidarity within the Bitcoin community.