Unfortunately, Bisq is one of the several decentralized exchanges that were hacked. In 2020, after a regular system update a security vulnerability occurred and was exploited by cyber criminals to steal money from users. They accessed fallback addresses and outwaited the trades' time limits. It has allowed them to send money to their wallet.
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Bisq is though good exchange has curtailed flaws. Mainly while doing the transaction, the time taken is too high, where the transaction becomes very slow. When I come to the trading part, it has very less number of trading volumes.
Full Bisq review This cryptocurrency exchange is a good fit for: Crypto traditionalists who believe in the ideology of decentralization. Bisq is not a fit for most other cryptocurrency investors..
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Bisq is a P2P exchange that breaks the mold of conventional exchanges and makes it easier (and more private) than ever to manage Bitcoins, cryptocurrencies, and FIAT currencies. It doesn’t require you to be verified by a central authority, it doesn’t hold your funds in a centralized location, and it doesn’t even hold onto any of your information.
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Bisq Exchange Review Bisq Overview Decentralized Exchange - cannot be rated at this time. Bisq, originally known as “Bitsquare”, is one of the very few decentralized exchanges out there, meaning its servers are scattered all around the globe rather than headquartered in one certain location.
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Bisq is a non-custodial exchange, meaning Bisq doesn’t have access to your wallet and funds like exchanges like Coinbase do. This is a double-edged sword. The bright side is that hackers can’t compromise Bisq and drain funds right from your account.
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