Haveno DEX - Cash by Mail -> XMR transactions
Haveno DEX - Cash by Mail -> XMR transactions
In this tutorial we're going to cover how to buy Monero, for cash by mail on the Haveno Decentralised Exchange. This was the most popular payment method back on LocalMonero, due to being an improvement over bank transfers (like SEPA in the EU) when it comes to trading larger volumes in the long run, as Cash cannot easily be traced by adversaries unlike bank transfers, making Cash by Mail one of the most private ways to exchange real world money for Monero.
https://blog.nihilism.network/servers/haveno-cashbymail/index.html
Let me know if there's anything i missed in that tutorial :)
not good that a security deposit is required. this means you can't start with zero XMR. it was possible to purchase XMR on localmonero without already having any.
haveno might copy bisq to help users get that initial monero initially in a matrix chatroom, but thats still in discussion
Would be cool to have a first trade protocol. buyer, seller, funder. Funder provides his address for return of the deposit, buyer provides his and pays using payment method, when success of fiat payed by seller and all 3 agree and payments sent to addresses provided. Force to be small trade in order to boostrap the next trade.
Thank you @nihilism for the step by step guide. It is much appreciated and obviously you put a lot of effort into it. BUT here's my stunned reaction to Haveno itself. I realize that beggars can't be choosers right now, but my first reaction is Whaaaat? This is the great Haveno we've all been waiting for? Where the buyer has to make a deposit??! What for? And the buyer has to register a name and physical address? I realize these can be faked but I don't think I like that being stored digitally as opposed to just being written on the return address of an anonymously printed shipping label as it was with local monero.
created this issue to address the buyers that start with 0 XMR https://github.com/haveno-dex/haveno/issues/963 but keep in mind that a reputation system might not lead anywhere here, thats why there is the security deposit system instead.
And the buyer has to register a name and physical address? I realize these can be faked but I don’t think I like that being stored digitally as opposed to just being written on the return address of an anonymously printed shipping label as it was with local monero.
yea the proper documentation for each trade protocol has yet to be written, so this might change in the future