Monero buyers send the fiat first. Once the fiat has been received the seller will send the Monero. Just like Local Monero. No bonds are required for the Matrix rooms, buyers choose sellers with good reputations and keep trade amounts small. The Monero remains in self-custody of the seller up until payment is received. It is then sent to the buyer's self-custodial Monero wallet..
Haveno buyers and sellers need Monero security bonds to make a trade. This means Haveno traders need Monero before they can make or take an offer.
This proposal is an easy way to buy or sell Monero with no security deposit.
Think of it more of a replacement for Local Monero than competition for Haveno.
Buy and Sell Monero Matrix Room An easy way for people to buy and sell...
I have made a CCS Proposal for a peer-to-peer trading room on Matrix.
- No trade fees
- No listing fees
- Accessible from web, mobile and desktop
- Accessible over Tor and clear-net
- Supports all currencies
In summary it will be an easy way for people to buy and sell Monero for fiat peer-to-peer with no KYC and no fees.
It will compliment users that want to use Haveno but do not have any Monero for the security deposit as it will be a way for them to obtain Monero easily.
It will also be useful for those wanting to trade Monero for no fees.