this post was submitted on 21 May 2024
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Monero

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This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.

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If anyone is interested in sharing about current trading methods, asking/answering questions about p2p XMR trading, and other pertinent topics. The Simplex group link is shareable to others as well if you know other sellers/buyers you'd like to invite.

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[–] [email protected] 0 points 4 months ago (1 children)

I am using haveno-reto but it doesn't do everything I need it to do

[–] [email protected] 0 points 4 months ago (1 children)

What does it not do? Perhaps that's functionality that can be added into the software.

[–] [email protected] 0 points 4 months ago

It's not capital-efficient for high volume crypto-fiat sales because every coin can only be listed/earmarked with a single payment method. Meaning I can't list all my XMR at once with every payment method I take as an option, just one. I was told if I make a custom listing with all my payment methods then I'd basically be fucked in arbitration. So I can tie up all my available coin with one payment method in one listing, or pick a few payment methods and split my coin among a few listings. None of those options are efficient for crypto-fiat.

Ways I'd currently use haveno-reto:

  • coordinating a planned large sale with a buyer offsite and completing it through haveno-reto for arb/escrow purposes
  • crypto-crypto instant sales. I have listings up to test that out.

But the way it's set up for fiat is too limiting for my business model.