What is escrow and why do I need it in Cryptoland?

[RJX]

Not much to add there. Newbs usually find out too late so why not tell them before they get burned?

I'll start with wikipedias definition: https://en.wikipedia.org/wiki/Escrow

[dsattler]

Not much to add there. Newbs usually find out too late so why not tell them before they get burned?

I'll start with wikipedias definition: https://en.wikipedia.org/wiki/Escrow

Selling or buying with escrow is easy - on Bitify!
They have a great 30-day buyer protection, check it out! (referral link in my sig)

[bitbaby]

You think this hasn't been suggested before? https://bitcointalk.org/index.php?topic=133931.0 This has been told and repeated several times but very people pay attention, it is also vital to add to this that if the amount of trade is big then hire more than one for a multisig address escrow, which adds more security, since there has been instances where escrows itself ran with user's funds, master-p for example.

[dsattler]

You think this hasn't been suggested before? https://bitcointalk.org/index.php?topic=133931.0 This has been told and repeated several times but very people pay attention, it is also vital to add to this that if the amount of trade is big then hire more than one for a multisig address escrow, which adds more security, since there has been instances where escrows itself ran with user's funds, master-p for example.

Thanks for sharing this link!

[super5star]

Not much to add there. Newbs usually find out too late so why not tell them before they get burned?

I'll start with wikipedias definition: https://en.wikipedia.org/wiki/Escrow

Escrow is to safeguard both buyer and the seller