Topic: ESCROW? (Read 843 times)
Basically, an escrow is some trusted by both parties of a transaction that ensures that the parties fulfill their obligations before letting the transaction resolve. If the transaction fails, then everyone gets their stuff back.
For example, let's say one person is selling a BTC to another person for dollars. The seller sends the BTC to the escrow and the buyer sends the dollars to the escrow. After the escrow has received both the BTC and dollars, the BTC is sent to the buyer and the dollars are sent to the seller.
Generally, only one of the parties places their goods in escrow. In this example, the dollars are usually sent directly to the seller. When the seller tells the escrow that the dollars have been received, the escrow sends the BTC to the buyer. If there is a dispute, then the escrow decides what to do.
It is important that both parties trust the escrow. Never use an unknown escrow because they could be working for the other party. Always contact the escrow directly because if you go through the other party, they could be impersonating the escrow.
Great answer. I personally do not like dealing with an escrow service, but to each their own.For example, let's say one person is selling a BTC to another person for dollars. The seller sends the BTC to the escrow and the buyer sends the dollars to the escrow. After the escrow has received both the BTC and dollars, the BTC is sent to the buyer and the dollars are sent to the seller.
Generally, only one of the parties places their goods in escrow. In this example, the dollars are usually sent directly to the seller. When the seller tells the escrow that the dollars have been received, the escrow sends the BTC to the buyer. If there is a dispute, then the escrow decides what to do.
It is important that both parties trust the escrow. Never use an unknown escrow because they could be working for the other party. Always contact the escrow directly because if you go through the other party, they could be impersonating the escrow.
And most people don't like blindly sending their money to anonymous newbs on the internet.
I personally do not like dealing with an escrow service, but to each their own.
While I guess that would make you a scammer... Because you have no trust so how is someone suppose to trust you? Escrow that is how.
google? 
Basically, an escrow is some trusted by both parties of a transaction that ensures that the parties fulfill their obligations before letting the transaction resolve. If the transaction fails, then everyone gets their stuff back.
For example, let's say one person is selling a BTC to another person for dollars. The seller sends the BTC to the escrow and the buyer sends the dollars to the escrow. After the escrow has received both the BTC and dollars, the BTC is sent to the buyer and the dollars are sent to the seller.
Generally, only one of the parties places their goods in escrow. In this example, the dollars are usually sent directly to the seller. When the seller tells the escrow that the dollars have been received, the escrow sends the BTC to the buyer. If there is a dispute, then the escrow decides what to do.
It is important that both parties trust the escrow. Never use an unknown escrow because they could be working for the other party. Always contact the escrow directly because if you go through the other party, they could be impersonating the escrow.
Great answer. I personally do not like dealing with an escrow service, but to each their own. For example, let's say one person is selling a BTC to another person for dollars. The seller sends the BTC to the escrow and the buyer sends the dollars to the escrow. After the escrow has received both the BTC and dollars, the BTC is sent to the buyer and the dollars are sent to the seller.
Generally, only one of the parties places their goods in escrow. In this example, the dollars are usually sent directly to the seller. When the seller tells the escrow that the dollars have been received, the escrow sends the BTC to the buyer. If there is a dispute, then the escrow decides what to do.
It is important that both parties trust the escrow. Never use an unknown escrow because they could be working for the other party. Always contact the escrow directly because if you go through the other party, they could be impersonating the escrow.
An escrow is a third party who would hold all of the items to ensure honesty. For example, let's say that you're selling a building block for BTC1. You would send the building block to the escrow, and the buyer would send his payment to escrow. Escrow then ensures fair play, and sends the payment to you and ships the block to the buyer.
ALWAYS use an escrow if theres any money involved or anything sounds shady
ALWAYS use an escrow if theres any money involved or anything sounds shady
odolvlobo,
Thanks for the vote of confidence.
Unfortunately, due to a variety of high priority obligations, I will not have enough time available to give escrow the proper attention is deserves until after January 10.
Rather than provide an inferior and frustrating experience, I've chosen to suspend my escrow activities until that date.
Any currently pending escrow agreements will continue to be handled as promptly as I can, but I will not be initiating any new escrow agreements until after January 10.
I'm an escrow too...
Thanks for the vote as well.
PM me if you need an escrow.
odolvlobo,
Thanks for the vote of confidence.
Unfortunately, due to a variety of high priority obligations, I will not have enough time available to give escrow the proper attention is deserves until after January 10.
Rather than provide an inferior and frustrating experience, I've chosen to suspend my escrow activities until that date.
Any currently pending escrow agreements will continue to be handled as promptly as I can, but I will not be initiating any new escrow agreements until after January 10.
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btcrow.com is also available. Not sure if they are any good. Looking to do a transaction with them eventually
I'd suggest using or doing some research on any escrow before recommending them.
btcrow.com is also available. Not sure if they are any good. Looking to do a transaction with them eventually
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I would be interested in finding an established and reputable crypto escort...uh, I mean, escrow service. Anybody know of one?
You can find a list of reputable escrowers here: https://bitcointalksearch.org/topic/escrow-list-108716
I would be interested in finding an established and reputable crypto escort...uh, I mean, escrow service. Anybody know of one?
are you an escrow odolvlobo ? i need one
Basically, an escrow is some trusted by both parties of a transaction that ensures that the parties fulfill their obligations before letting the transaction resolve. If the transaction fails, then everyone gets their stuff back.
For example, let's say one person is selling a BTC to another person for dollars. The seller sends the BTC to the escrow and the buyer sends the dollars to the escrow. After the escrow has received both the BTC and dollars, the BTC is sent to the buyer and the dollars are sent to the seller.
Generally, only one of the parties places their goods in escrow. In this example, the dollars are usually sent directly to the seller. When the seller tells the escrow that the dollars have been received, the escrow sends the BTC to the buyer. If there is a dispute, then the escrow decides what to do.
It is important that both parties trust the escrow. Never use an unknown escrow because they could be working for the other party. Always contact the escrow directly because if you go through the other party, they could be impersonating the escrow.
For example, let's say one person is selling a BTC to another person for dollars. The seller sends the BTC to the escrow and the buyer sends the dollars to the escrow. After the escrow has received both the BTC and dollars, the BTC is sent to the buyer and the dollars are sent to the seller.
Generally, only one of the parties places their goods in escrow. In this example, the dollars are usually sent directly to the seller. When the seller tells the escrow that the dollars have been received, the escrow sends the BTC to the buyer. If there is a dispute, then the escrow decides what to do.
It is important that both parties trust the escrow. Never use an unknown escrow because they could be working for the other party. Always contact the escrow directly because if you go through the other party, they could be impersonating the escrow.
send me your coins that are not listed in the exchanges yet coinNibbler
It is a third party that holds the coins until both other parties has payed.
Hi,
I am new here an want to sell some coins that are
not listet in the exchanges yet.
They always talk about using "escrow" when dealing
with people over pm.
What is escrows?
Thx
The coinNibbler
I am new here an want to sell some coins that are
not listet in the exchanges yet.
They always talk about using "escrow" when dealing
with people over pm.
What is escrows?
Thx
The coinNibbler
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