isabellanoviya Posted January 31, 2019 #1 Posted January 31, 2019 In crypto world, the bitcoin exchange business is moving in a profitable way through escrow service. The success of each bitcoin exchange business has high secure transaction value for user trade. why the escrow module is important for the site? Escrow is middle person or vendor to guide the user in the site. Now, all site has a silent escrow system. There are numerous of crypto entrepreneur already started their business in bitcoin exchange trade site. In bitcoin exchange site, When the seller wants to buy bitcoins he/she has to post an advertisement. The escrow searches the nearest buyer through seeing the post ad, location, and matches both the buyer and seller. Then, a buyer can give fiat money to buy the bitcoin. After the process, the escrow releases the fund to the seller. For, each trade escrow takes commissions for both seller and buyer.
polor12 Posted January 31, 2019 #2 Posted January 31, 2019 i thought the transaction fee goes to the miners...really you don't need a website, just a small space for contact info..paxful, localbitcoins etc... those platforms buyers can be sellers and the other way around.. sellers can price whatever they want and the transaction fee goes to the platform..to cut the middle man having a btc atm all profits is yours..
Kate Posted January 31, 2019 #3 Posted January 31, 2019 It is important since there are scammers in the world and to protect against them this is used so that they can't claim that they sent the transaction and it was a fake one and you lost your bitcoins.
jualid Posted January 31, 2019 #4 Posted January 31, 2019 In my opinion escrow is really important especially in online, you can't see face to face with him/her and you don't know is he/she trusted or not, so escrow provide safety for your money.
HumberRolls Posted January 31, 2019 #5 Posted January 31, 2019 Escrow serves to help the security of a business as well as for the seller and also for the buyer, and protect any fraudulent activity and an example where using escrow is localbitcoins when you make high amounts
williamshennie9 Posted February 3, 2019 #6 Posted February 3, 2019 A middleman is always better, especially when you deal with unknown people on the internet. I would always use an escrow service unless the other party sends me whatever it is first.
Kate Posted February 3, 2019 #7 Posted February 3, 2019 On 1/31/2019 at 9:01 PM, HumberRolls said: Escrow serves to help the security of a business as well as for the seller and also for the buyer, and protect any fraudulent activity and an example where using escrow is localbitcoins when you make high amounts Well not saying that escrow isn't important but if you find the trader to have a phone number of the same country you residence in and the whats app works of that number and the number isn't a virtual number then 15000 Satoshi + Time waste can be avoided which makes the transaction much faster and better and smooth. But still escrow wouldn't be bad in general to have it's just the time for the middlemen to be online and it's annoying because of different time zones.
FotisNt Posted February 21, 2019 #8 Posted February 21, 2019 Pretty useful for me while I've never been scammed due to escrows.:D
ginoso2019 Posted April 21, 2019 #9 Posted April 21, 2019 when exchanges are made with other private persons, and not with official platforms, the escrow are absolutely obligatory
lolland2k Posted April 22, 2019 #10 Posted April 22, 2019 i think you have to set a lot in terms of wallets. and you must also obey many government rules.
nattekut Posted April 22, 2019 #11 Posted April 22, 2019 I also love to use escrow services. I am running multiple businesses and when larger transactions are involved I always use an escrow service to make the transaction proceed smoothly. But these days and certainly in crypto you even better use an escrow service even for a stupid 5$ loan or service. The crypto community is full of people that even scam others for less than 1$. So I can only cheer for the escrow services.
Kate Posted April 23, 2019 #12 Posted April 23, 2019 16 hours ago, lolland2k said: and you must also obey many government rules. Why should we follow the government rules when we use an escrow ? Because we buy and sell to the person who needs and also in terms of escrow what rules are placed on escrow by the government ?
rajamishra Posted April 23, 2019 #13 Posted April 23, 2019 hello all friends who r playing means he buy/sell every time,when the escrow system started so many persons selled and get back his/her money so easily.but before that including me too send the coins but payments still now pending. may be escrow taking little more commision but your coins safely buying or selling.
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