2 Days Until Binance Opens a Fiat-Crypto Exchange in Singapore – Ethereum World News
1. **Censorship resistance**
3. **User control of funds**
These are the 3 key reasons why decentralized exchanges are fundamental for Bitcoin to succeed. They are not theoretical risks, but very real threats: We have hundreds of examples of users losing funds after ceding control to a custodial exchange. We have dozen of cases of goverments blocking or regulating exchanges out of existence. And we have an ever increasing number of exchanges being forced or choosing to invade user privacy through KYC, AML and other intrusive (and exclusive) requirements… and then leaking or selling that information.
Bisq is currently the best available option to exchange Bitcoin without sacrificing privacy, ceding control of your bitcoins to a third party or allowing censorship of any kind.
1. Bisq is **censorship-resistant**: it runs over TOR and cannot be shut down or regulated. It is not a company or website, but rather a P2P network similar to BitTorrent or Bitcoin.
2. Bisq **does not require nor collect your personal information** – it is stored locally on your computer and only what is strictly necessary to complete a trade is shared with your counterpart in each trade. There is no central respository of user info.
3. Bisq **never touches your funds** – bitcoins are under your control in your own wallet and only locked up in a multi-sig transaction during the execution of each trade. Fiat funds are sent directly from the buyer to the seller without involving a third party.
If you want to help Bisq grow on **September 20th** there will be a market Kick-start day to push liquidity. Please post a offer to buy/sell on that day to show your interest.
# [Bisq September Market Kick-Start Day [September 20th]](https://github.com/bisq-network/growth/issues/67)
This past Friday, an article was released (https://medium.com/republicprotocol/republic-protocol-partners-with-wyre-1ccdedaa296d) detailing some specifics around a soon-to-be-launched decentralized Dark Pool exchange called RenEx that will likely enable a healthy increase in BTC trading volume.
For anyone unfamiliar, RenEx is being built on top of the Republic Protocol, a protocol designed to power dark pool exchanges. REN is a utility token for the protocol that provides fuel and security to the engine.
But what’s more interesting is a recent collaboration between the RenEx exchange and a company called Wyre. Wyre’s decision to partner with the Republic Protocol / RenEx team is exciting for a few different reasons:
First, these guys have an OTC desk that is going to be on boarded onto the RenEx platform, providing (what I would assume to be) a pretty substantial amount of liquidity. Wyre formally announced their OTC desk back in May of this year, but has traded $3.5 billion in cryptocurrency assets in-house since 2013.
Perhaps even more interesting… Wyre is also going to provide Know-your-customer (KYC) and Anti-money laundering (AML) services to the RenEx exchange. At the end of the day, this will be the first DECENTRALIZED Dark Pool Crypto exchange offering users a level of compliance that’s consistent with big banks working in traditional financial markets. A statement released by Wyre included the following, which, in my opinion, did a great job at capturing the potential impact that this could have on BTC and other Crypto markets:
“We can’t overstate how excited we are to be able to leverage our unique combination of payments infrastructure and legal compliance services to help bring Republic Protocol’s offering to life. As Republic Protocol CEO Taiyang Zhang noted, this represents the shared focus of the two teams ‘on facilitating the entry of traditional institutional investors and funds to provide the increased liquidity digital asset markets need to grow and flourish.’” (https://blog.sendwyre.com/republic-protocol-partners-with-wyre-to-provide-liquidity-for-decentralized-cryptocurrency-dark-4248e4912b77)
Would be curious to hear others thoughts on this…
Hi all, what is the best exchange to use if I want to buy crypto using Fillipino peso?
I tried googling but I was sent to intermediaries not really exchanges. There was one though [coins.ph](https://coins.ph) any users on this sub that have experience with this one or are there better ones to consider?
The ideal exchange for me would be one that accepts both php and jpy.
I hope I have informed you guys enough, feel free to ask any question!