I tried to access to
https://bitxoe.com/, it is not working, maybe the problem is on my side but it is better to check it out.
Bitxoe provides a safe Bitcoin escrow service for user transactions. The automated process takes just three steps: Start a transaction, lock BTC in escrow, and then release them when all needs are satisfied.
What is the nature of "lock BTC in escrow"? Is it a smart contract for a period? Or does the platform control all things in the sense that you have a database and do not allow the account to withdraw?
If it is a smart contract, the two parties can count the money without returning to the platform, but in the second case, the users must trust you and the support team.
How will the cash withdrawal be made? Do you support bank transfer or any other service?
Hello,
Thanks for responding.
Bitxoe portal is up and working fine. Since the portal was launched in BETA, the development team is monitoring the possible errors and bugs to make sure all existing users have good experience.
About Locking Funds:- If bitcoins are uploaded, it gets deposited in a safe wallet which is fully controlled by the platform, the users can't withdraw until seller the completes the jobs or delivers the product. Full blockchain integration is possible before the public launch.
As of now, The system doesn't support cash withdrawal. The users can exchange in supported crypto coins or fiat currencies through P2P swap option. All options are mentioned in the transaction type. Integration with Fiat in under future roadmap of development.
Note that, you must know the username of your trading / escrow partner. This minimizes the risk of getting scammed.
If you have any other question, feel free to ask.