Founded in February 2020, Cypher Market is a wallet-less escrow darknet market that supports both Bitcoin and Monero.

The market does not have on-site wallets where funds are centrally stored, but rather single-use addresses for each order, and funds for completed orders always go directly to the vendor’s payout address.

This mitigates the potential for an attack or exit scam to a certain degree in that there is never a single, big pool of user funds which can be stolen or confiscated.