<p>It's a combination of the low trade volume, and also because the traders on Bisq know that some people will pay a premium in order to avoid having to complete KYC requirements to do their trades.</p>
<p>If you signed up for an centralized exchange, you'll be able to buy at the market rate (minus a fee), but the trade-off is having to complete KYC requirements.</p>

CC BY-SA 4.0
2021-01-26T18:26:09.283Z
Yeah... that "trade-off" is a critical showstopper, which is the reason I use Bisq to begin with. If the centralized exchanges allowed me to use them, I would be enjoying their low prices and automation.
M Rary
CC BY-SA 4.0
2021-01-26T18:42:54.437Z
@MRary Yeah, but then unfortunately the marked up rate on Bisq is the premium you pay in exchange for having no KYC. The centralized exchanges have no choice. If they don't implement KYC then they will lose their financial services license and their banks will close their accounts. If you are not in a rush to trade, you could also post your own offers and set your own rates.
ieatpizza
CC BY-SA 4.0
2021-01-26T17:41:44.123Z
2021-01-26T17:41:44.123Z
ieatpizza
<p>Post your own offer at a reasonable rate and wait.  You'll likely pay less than fees you'd incur from coinbase or such.</p>

CC BY-SA 4.0
2022-08-11T08:04:07.883Z
Can you back your claim with any data, or at least some link to other people data?
Mercedes
CC BY-SA 4.0
2022-08-04T21:09:46.130Z
2022-08-04T21:09:46.130Z
aman
<p>I sometimes look at the market price for 1 Bitcoin and think it's low. Then I look at the (SEPA, EUR) offers to buy Bitcoin on Bisq. The best ones are a thousand USD over the market price. It feels really bad to take such offers, but I have no other choice, so I always end up doing so.</p>
<p>Is this just because so few people use Bisq? Do centralized marketplaces always let you buy at (basically) the exact market place?</p>

<exchange-rate><bisq>
Why are the offers to buy Bitcoin on Bisq always way over the market price?
M Rary
# Why are the offers to buy Bitcoin on Bisq always way over the market price?

(Asked by: username_0 on 2021-01-26)

I sometimes look at the market price for 1 Bitcoin and think it's low. Then I look at the (SEPA, EUR) offers to buy Bitcoin on Bisq. The best ones are a thousand USD over the market price. It feels really bad to take such offers, but I have no other choice, so I always end up doing so.

Is this just because so few people use Bisq? Do centralized marketplaces always let you buy at (basically) the exact market place?

**Tags:** exchange-rate, bisq


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## 2 answers

### Answer by username_1 on 2021-01-26. Score: 1

It's a combination of the low trade volume, and also because the traders on Bisq know that some people will pay a premium in order to avoid having to complete KYC requirements to do their trades.

If you signed up for an centralized exchange, you'll be able to buy at the market rate (minus a fee), but the trade-off is having to complete KYC requirements.

> **Comments:**
> **username_0**: Yeah... that "trade-off" is a critical showstopper, which is the reason I use Bisq to begin with. If the centralized exchanges allowed me to use them, I would be enjoying their low prices and automation.  
> **username_1**: @username_0 Yeah, but then unfortunately the marked up rate on Bisq is the premium you pay in exchange for having no KYC. The centralized exchanges have no choice. If they don't implement KYC then they will lose their financial services license and their banks will close their accounts. If you are not in a rush to trade, you could also post your own offers and set your own rates.  

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### Answer by username_2 on 2022-08-04. Score: 0

Post your own offer at a reasonable rate and wait. You'll likely pay less than fees you'd incur from coinbase or such.

> **Comments:**
> **username_3**: Can you back your claim with any data, or at least some link to other people data?  

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