How does it work ?

How Does It Work?

XMR Global is a platform for selling and buying the cryptocurrency Monero. Users can create ads and open trades to exchange with a buyer or seller. The platform operates as an escrow service, ensuring both parties are protected during transactions.

Operating Steps:

1. Create an Account

To begin, you need to create an account using your PGP key. This will serve as both your password and two-factor authentication.

2. Create an Ad

You can create an ad to buy or sell Monero without needing to deposit any coins. Your ad will be listed on the platform for other users to see.

3. Open a Trade

  • Buying Monero: Open a trade by selecting an ad and following the seller's payment instructions. Once payment is confirmed, the seller will release the Monero to you.
  • Selling Monero: Open a trade only if you have enough Monero in your account. You will need to send the required amount once the buyer confirms payment.

4. Sell Monero

When you accept a sell trade, you must wait for the buyer to confirm payment. Once they do, you send the Monero to the provided address. If the buyer does not complete the trade, it will be canceled automatically.

5. Buy Monero

When opening a buy trade, you must send the required payment via the method specified in the ad. Once you mark it as paid, the seller will verify receipt and release the Monero.

6. Transaction Processing

During the "Processing" stage, an administrator will verify the transaction and release the Monero (excluding any payment method commission).

7. Dispute Resolution

  • You can open a dispute at any time between the "Confirming" and "Processing" steps if there is an issue with the trade. A dispute button will be available in the trade window.
  • Both parties must provide evidence, such as photos or messages, within the dispute chat.
  • If the dispute remains unresolved, an administrator will review the evidence and make a final decision.

8. Manual Moderation

Listings and withdrawals are manually moderated to ensure security and compliance with platform rules.

9. Feedback System

  • Each user has a rating out of 5 stars. Users can leave positive or negative ratings along with optional feedback at the conclusion of a trade.
  • Average ratings are visible on user profiles and ad listings, helping traders choose the most reliable counterparties.

XMR Global ensures a secure and private trading experience while maintaining a fair and transparent process, with escrow protection for both buyers and sellers.