1y ago

Monero based multisig escrow

monero.im XMRTrades - A Monero non-custodial escrow to secure any P2P Trade. - monero.im

##### XMRTrade is the first non-custodial escrow as a service based on the Monero blockchain and the SimpleXChat network to fullfill a complete anonymity of our service. #### What is “non-custodial” ? - It means this service, is not possessing or holding your funds. It’s impossible for the service, ...

we'll try to come with a website in the future. feel free to vouch and test us

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3 comments

This is a great idea for a service, however it needs to establish trust that it's not colluding with anyone. If it was a well-known member of the community, it would most probably be more convenient than it is now. Anyway, lowest amount you can secure is 1 XMR but your fees up to 1 XMR are 5% but there is 1 XMR min? All in all the fees seem reasonable.
- I'm pretty known and i can produce content on how to notice a scam to also prove my escrow legitimacy. For the moment i only can do ~ 1 XMR trades because it's still manually exectued as a proof of concept but with a friend, we're planning to do a website for automatizing the escrow process so we might can secure lower amounts because we only will need to deal with disputes (2 of 3 signatures).