Why they require a 10% of product value to be deposited in bitcoin when I want to lise an item? Is it for avoiding fake listing or it's their escrow fee? I
Probably for service charge or transaction fee, but asking deposits first is suspicious even though it is refundable.
No reputed marketplace as of today did this kind of fees/charge, especially not for a marketplace who currently trying to build a name or building their reputation.
Edit: I tried to read their FAQ, and i guess the 10% deposit is misinterpreted for deposit. It is a service fee, 10% fee minus to your entered price in their, you don't need to deposit first but, once a buyer bought an item with a complete transaction, you will receive 10% minus of your product price.
I think you have misunderstood that. They require a deposit at the beginning of the listing. I have checked them.
Oooff, yeah, that's right.