So, with all the new coins coming out and the hype each one gets with people looking to buy and sell coins minutes after the release, there is a lot of room for people to get scammed. I have been watching the forums and I see tons and tons of people getting scammed. So I made this site:
http://coinescrow.tkI was even stupid enough myself to send first and got scammed. Luckily, I only lost 8 LTC. That stings, but it wasn’t the end of the world. After that happened I set up this site to help out in anyway I can. I am sick of seeing people getting scammed. It’s a very easy problem to avoid, just use an escrow.
That’s what this site is here to do. The purpose of this site is to provide an easy place to find people willing to serve as escrows for just about any cryptocurrency you could imagine. This site aims to be a network of trustworthy people willing to make the world of cryptocurrency a little better.
I will be contacting trusted members of the bitcointalk.org community to see if they would be willing to help serve as an escrow when I am not available.
The purpose of this site is not be an automated exchange site. The site relies on human participants to act as escrows. I did this for a few reasons.
1.)It allows for people to act as escrows immediately following the release of a coin, instead of waiting for it to be coded into a website.
2.)It is easier for me because I don’t have to code automatic transactions for every new coin that comes out
3.)It “decentralizes” in a sense the escrow service. If this were an automatic service, it would rely on my servers being up and protected at all times.
4.)Last, but not least, it does something small, but hopefully meaningful in reassuring that there are some honest people out there that want to see cryptocurrencies succeed and aren’t just in it to make a quick buck.
I will be acting as a free escrow and will be available most weekdays from 9am to 5pm Eastern Standard Time.
If you have any questions about how this works, please read our
tutorial/tips.
Do you want to help make this place better and keep people from getting scammed? Consider becoming an escrow. If you would like to become an escrow, please reply to this thread, or send me a pm.
Features of being an escrow on CoinEscrow.tk:
-Set your own fees/fee structure
-Set which coins you want to provide escrow for
-Advertise/shamelessly plug whatever you want on your personal escrow page.
Like I said, I am not looking to make money at all on this project, I am just looking to help out this community and keep people from getting scammed. If you don't use my service, please find someone else to do escrow for you, or only trade with trusted members of the forum.
*Also Quick Note* You
DO NOT need to become a member of the site at all to use this service. I know how annoying it is to sign up for new sites. Only escrows need to have accounts, which will be set up on a case by case basis to ensure not just anyone can be an escrow.
Anyways, I hope this helps some people not get scammed. It's almost 4 am here, so I'll be going to bed, but I will see you all in a few hours. Thanks.
