Bisq is a P2P market solution for buying and selling cryptocurrencies. This is a decentralized exchange with an open-source desktop application. The project was launched back in 2014.
The platform provides services for trading in blockchain directly between seller and buyer without any third party being involved. Security measures on the Bisq include 2-of-3 multi signatures, end-to-end encrypted communication routed over Tor. With the policy of decentralization, the exchange does not require registration or approval from the authorities. The exchange also has an arbitrator system if any disputes arise. The plarform deals with more than 100 cryptocurrencies.
Offer makers and takers have different fees on the platform.
The trading fees for the offer maker is based on trade amount and distance to market price.
Min. fee (MinFee) = 0.00005 BTC, default fee (DefFee) = 0.002 BTC/per Bitcoin, market price factor (MF) = square root of percent value (e.g. 1% -> 1, 9% -> 3, 0.01% -> 0.1).
Makers trading fee = max(MinFee, DefFee * amount * MF). E.g. 0.002 BTC for 1 BTC trade at 1% market price distance equivalent to 0.2% of the trade amount.
The trading fees for the offer taker depends only on the the trade amount.
Min. fee (MinFee) = 0.00005 BTC, default fee (DefFee) = 0.002 BTC/per Bitcoin.
Takers trading fee = max(MinFee, DefFee * amount). E.g. 0.002 BTC for 1 BTC trade. That is 0.2% of the trade amount.