Verdict
Higher trust score: Bisq
Based on our trust scoring, Bisq comes out ahead of Binance (8.7 vs 4.2). The gap reflects differences in KYC stance, custody model and operational track record.
Note: Scores are our independent assessment. Both services have valid use cases — read each detail page before deciding.
Score breakdown
Overall /10
Binance
4.2
Weak
Bisq
8.7
Good
Privacy /100
Binance
0
Poor
Bisq
100
Good
Trust /100
Binance
59
Average
Bisq
80
Good
Side by side
KYC level
L5Mandatory
L0Trustless
Tagline
World's largest centralized crypto exchange — 500+ assets, mandatory KYC for every user, SAFU insurance fund, monthly Merkle-tree proof-of-reserves, and a $4.3B 2023 DOJ settlement with an ongoing compliance monitor.
Decentralised P2P Bitcoin exchange with on-chain multisig escrow — no signup, no custody, desktop and mobile apps routed through Tor by default, with DAO governance and AGPL-3.0 source code.
Jurisdiction
Global (UAE-regulated)
No HQ
Founded
2017
2014
Tor / .onion
No
No
Categories
Exchange
Exchange, DEX, P2P
Feature comparison 13
Binance
Bisq
Bitcoin (BTC)
Non-custodial
—
Open source
—
No signup required
—
Tor (.onion) available
—
Peer-to-peer
—
Accepts fiat
Mobile app
Web app
—
Available worldwide
—
Custodial
—
Requires email
—
Logs IP addresses
—
Read the full reviews
The side-by-side covers the headlines — the detail pages walk through every claim and citation.