Secure Transaction Protocols Discussion
Opening a thread to discuss best practices for secure transactions on The Lantern. This is a community knowledge share — please contribute your experience and corrections.
PGP Verification
Always verify a vendor's PGP key before sending any information. Check the key fingerprint against what is posted on their vendor profile. Do not trust keys sent via DM — they can be intercepted and replaced. Use a keyserver like keys.openpgp.org for cross-referencing.
Escrow Setup
For any transaction over $50, always use the platform escrow. Set a reasonable release window — 72 hours for physical goods, 24 hours for digital. Never release escrow early based on a vendor's request, even if they offer a discount for fast release. This is how most scams start.
Monero vs Bitcoin
Monero (XMR) provides significantly better privacy than Bitcoin. Bitcoin transactions are traceable on the public blockchain, even with mixers. If privacy is a concern, use Monero. That said, Bitcoin is more widely accepted. Know the tradeoffs.
General Tips
- Never reuse payment addresses across different vendors
- Use a dedicated wallet for marketplace transactions, separate from your personal holdings
- Always send a small test transaction first for orders over $200
- Keep transaction records encrypted for your own records
- Never discuss transaction details in unencrypted channels
What other practices do the experienced members here recommend? Let's compile the best advice into a reference guide.