How to use escrow service while buying or selling BTC ?

LeGaulois

copper member

Activity: 2940

Merit: 4101

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He specified

Quote

I am not talking about escrow providers available here on bitcointalk but without these people

@desireable

Of course, you can use an escrow system outside bitcointalk. The methods are not so different than here. There are platforms such as Setescrow, Bitspend, Bitraded,...
You find a seller, create a transaction and send the money to the middleman (the website). The seller sends you the product, and once you receive the product, the seller is paid.
More or less they all work like this.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: desireable on October 07, 2020, 05:09:27 PM

I am not talking about escrow providers available here on bitcointalk but without these people, can we use escrow ? What escrow is actually ?

With just simple google search you can actually know the answers on what you do seek for.So i do make such step.

https://www.escrow.com/what-is-escrow
https://www.investopedia.com/terms/e/escrow.asp

Getting some definition "An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction."

GreatArkansas

legendary

Activity: 2534

Merit: 1397

In short, escrow is service is something like you will held yout Bitcoin or money in a third party person or entity.
It's like getting a MIDDLEMAN for your transaction.
There are lot of escrow services in this forum,
you may check this thread for list of escrow services:
Recommended bitcointalk escrow services made by @hedgy73, and last updated was June 25, 2020.
It may help you to find some affordable escrow fee.

Bitcoin577

member

Activity: 168

Merit: 11

Quote from: desireable on October 07, 2020, 05:09:27 PM

I am not talking about escrow providers available here on bitcointalk but without these people, can we use escrow ? What escrow is actually ?

escrow mean if you are going to trade with some other member and you have no trust on him then you both agree to use a reputable member of this forum for holding your funds until this deal is going to completed for all details you can read this thread as its very helpful for all newbies like us https://bitcointalksearch.org/topic/legendary-bitcoin-escrow-service-more-than-19k-btc-transferred-alts-too-303281

desireable

newbie

Activity: 20

Merit: 0

I am not talking about escrow providers available here on bitcointalk but without these people, can we use escrow ? What escrow is actually ?

Topic: How to use escrow service while buying or selling BTC ? (Read 139 times)