XMR Local: a non-custodial, no-KYC way to trade Monero peer-to-peer

[XMRLocal]

We built XMR Local because buying and selling Monero shouldn't mean handing your coins or your identity to a middleman. It is a peer-to-peer marketplace where you trade XMR directly with other people, using whatever payment method you both agree on, and you keep control of your keys the entire time.

How it works

Every trade is locked in a 2-of-3 multisig escrow. Three keys exist: yours, your counterparty's, and ours. Moving the coins takes two signatures, so no single party can take or freeze funds, including us. We hold one key only, which means we can help resolve a dispute if one comes up, but we can never move your Monero on our own.

A typical trade:

• Browse offers and pick one whose price, payment method and limits suit you.
• You and the counterparty set up the multisig escrow together, and the seller funds it.
• The buyer pays the seller by the agreed method and marks it paid.
• The seller co-signs the release, and the XMR goes straight to the buyer's own wallet.

What we care about

• Non-custodial. Your coins sit in a multisig you co-control, never in our custody.
• No KYC, ever. Sign up with just an email and a password. No ID, no documents.
• Any payment method. Bank transfer, cash, gift cards, online wallets, whatever you and your counterparty agree on.
• A flat 2% fee, charged only on completed trades. Nothing hidden.
• Reputation and feedback so you can check who you are dealing with.
• Dispute resolution by a neutral arbitrator if something goes wrong.
• Transparency. We publish a PGP-signed warrant canary and our PGP key on the site.

We want your feedback

This is early, and we would genuinely rather hear what is wrong now than later. If you spot something that could be better, a rough edge in the flow, a missing payment method, a security concern, or an idea we haven't thought of, please tell us. Suggestions and criticism are all welcome. The goal is a marketplace that traders actually trust, and that only happens with input from the people using it.

Come take a look and let us know what you think.

https://www.xmrlocal.com

[Yamane_Keto]

I recall that LocalCryptos offered a similar service I used them, and the biggest issue was waiting for liquidity to become available.

I don't see any active offers on your platform.

Bring your own wallet
Use your own multisig-capable Monero wallet (monero-wallet-cli). Your keys never leave your device - we never hold your coins.

How does that work? I thought the user would make a deposit, and then the multi-signature wallet could be created.

[XMRLocal]

Thanks, this is exactly the kind of feedback we want.

On liquidity: you're right, there are no active offers yet. We just launched, so we're at the classic cold-start point every P2P market starts from. It's the honest chicken-and-egg problem: buyers want offers to be there, sellers want buyers to be there. We'd rather be upfront about that than fake volume. If you or anyone reading this wants to post offers as an early seller, that genuinely helps bootstrap it, and we're happy to help you get set up.

On "bring your own wallet" and how the multisig works: your instinct is the common assumption, but it's actually the other way around, and that's the whole point of the design.

There is no deposit to us. You never send your coins to an address we control. Instead:

• When a trade opens, the buyer, the seller, and XMR Local each generate a key and exchange the public multisig info between the three wallets. Out of that, a fresh 2-of-3 multisig address is created. This happens first, before any money moves.
• Only then does the seller fund that multisig address directly from their own wallet. The coins go straight into the shared escrow, never into a wallet we hold.
• To release, two of the three keys sign. Normally that's the buyer and seller. We hold one key only, so we can help settle a dispute but can never move the coins alone, and we can't touch them if we wanted to.
• That's why you bring your own multisig-capable wallet (monero-wallet-cli works today). Your private keys never leave your device. A deposit-then-escrow model would mean we custody your funds at some point, and we specifically didn't want that.

Happy to go deeper on any part of it. And keep the suggestions coming, this is useful.

I recall that LocalCryptos offered a similar service I used them, and the biggest issue was waiting for liquidity to become available.

I don't see any active offers on your platform.

Bring your own wallet
Use your own multisig-capable Monero wallet (monero-wallet-cli). Your keys never leave your device - we never hold your coins.

How does that work? I thought the user would make a deposit, and then the multi-signature wallet could be created.