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CUNICULA

Bisq

The original decentralized P2P Bitcoin exchange. No company, no server, no KYC.

bisq.network

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The original decentralized P2P Bitcoin exchange. No company, no server, no KYC.

Common useMaximum decentralizationP2P / DesktopOperator dataHosted
Identity checksZero KYCNo document check recorded · identity exposure level 0/4
Evidence and riskVerified evidenceDocumented riskMaterial claims checked against current sources.; those sources document a material risk.
Last reviewedReviewed 5 Sep 2026KYC checked 5 Sep 2026 · unknown jurisdiction · Source → official siteHow to cite this pageSource coverageVerified evidenceRecorded riskDocumented risk
Evidence and facts

Evidence and facts

CUNICULA SCORE 4.0
39/100Limited evidencePrivacy 21/25 · Control 18/20 · Transparency 12/20 · Security 0/25 · Accountability 2/10 · Cap 39 · Method
JURISDICTIONUnknown
INCIDENTSecurity Incident Post-Mortem
active · high · since 2026-05-01
Require current patched releases, preserve the May 1, 2026 incident, and reassess after a complete audit report and remediation record are published. Security Incident Post-Mortem
AUDITED BYNo audit listed
OPERATOR DATAHosted operator recorded
SOURCE COVERAGE
Verified evidenceSELF-REPORTED2/2Reviewed 5 Sep 2026 · Source → official site
LAST CHECKED2026-08-27
LAST UPDATED2026-09-05

Specs

DOCUMENT CHECKNone recorded
IDENTITY EXPOSURELevel 0/4
KYC TRIGGERSNo account, email or identity KYC in the Bisq protocol; individual fiat payment methods can expose data to counterparties/banks.
FEEBTC fee: 0.15% maker and 1.15% taker; BSQ target: 0.075% maker and 0.575% taker; minimum fees apply
LIMITVaries by payment method, account signing and asset
CATEGORIESP2P / Desktop
COMMON USESMaximum decentralization, BTC/fiat P2P, Privacy-maximalist
FEATURESTor, Non-custodial, Bank/Cash/SEPA
TORYes
REGIONSGlobal availability
Review analysis, source material, related services, and history

About

Decentralized open-source desktop P2P Bitcoin exchange over Tor, with no registration stated as required.

Analysis

OVERVIEW

A desktop exchange with no operator: trades run peer-to-peer over Tor with multisig escrow and security deposits, so there is no company to hold funds, records, or a KYC file.

LIMITS

The fiat leg exposes bank or payment metadata to the counterparty, deposits and confirmation times make trades slower than custodial venues, and liquidity varies by market and payment method.

USEFUL FOR

Bitcoin-fiat trades where removing the operator entirely is worth the desktop workflow and slower settlement.

Sources · reviewed 2026-07-16

Ownership and funding

Ownership and funding chain
Sources · reviewed 2026-07-15

We wrote about this

Frequently Asked Questions

Is identity verification required?

No identity verification is recorded for typical use. No account, email or identity KYC in the Bisq protocol; individual fiat payment methods can expose data to counterparties/banks.

Which payment methods are accepted?

Please check the provider site for accepted payment methods.

Where is it available?

Recorded availability: GLOBAL.

Is the operator based in a Five Eyes country?

The jurisdiction is not publicly confirmed. Check the provider site for incorporation details.

How are identity, operator, and evidence fields reported?

Identity exposure is level 0 of 4. A hosted operator is recorded. Jurisdiction is shown as context, not a safety verdict. Source coverage is verified evidence, last reviewed 2026-09-05, and recorded risk is danger.

Sources and history

Evidence basis: Claims on this page are linked to published sources for comparison, not certification, audit, endorsement, or recommendation; read the methodology and coverage map before relying on an entry.