US Postal Money Order
US Postal Money Orders (USPMO) are one of the most private payment methods on Bisq, currently only available for use on Bisq within the United States.
This article covers tips and tricks on using this payment method for buying and selling bitcoin on Bisq.
Setting up a payment account in Bisq
To buy and sell bitcoin using US Postal Money orders, you will need to set up a corresponding payment account in Bisq.
Things to keep in mind:
- It is okay to use a fake name and address in a USPMO account on Bisq only if using the account will be used to buy bitcoin. This is because a USPMO is a bearer instrument—as long as the money order itself is valid, it doesn't matter who sent it or what the sender's address is.
- Consider using an online name generator (search "random name generator" on your favorite search engine) for a more bias-free suggestion for the sender's name.
- For the sender's address, you may want to be more careful, because if your envelope is returned, you'll want to be able to retrieve it.
- Option 1 - Use an actual fake address (search internet for "random address generator"). If your envelope is returned for any reason, you'll probably lose it for good.
- Option 2 - Use another address: that of a neighbor, a friend, or a nearby building (e.g., apartment leasing office, local mom-and-pop shop, etc). This way, you'll have a higher chance of retrieving a returned envelope, but you'll reveal a bit of information about your location.
- If selling, name and address must be correct (address must be correct in order to receive the envelope, and name must match photo ID to cash it).
- To maximize privacy, consider setting up 2 separate payment accounts: one with fake information for buying bitcoin and one with real information for selling bitcoin.
Again, please note that incorrect information in Bisq payment accounts is generally against Bisq trade protocol. Buying bitcoin with USPMO is a rare exception.
