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Author Topic: How do you use escrow ?? please explain what to do for a btc/alt currency  (Read 871 times)
Gifted (OP)
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September 05, 2015, 06:17:01 AM
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Hi, i have never traded for BTC and was wondering how to use escrow with either Dollars"USA" or other to buy bitcoin or gold,altcoins ..etc
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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September 05, 2015, 06:36:55 AM
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Hi, i have never traded for BTC and was wondering how to use escrow with either Dollars"USA" or other to buy bitcoin or gold,altcoins ..etc


If you're looking to buy bitcoin with your currency from someone else
For example here's my step : ( you as buyer )

Buyer : find reputable escrow,
Seller : send the bitcoin as agreed to escrow
Escrow must confirmed that escrow received bitcoin from seller
Buyer : send your $ to seller
Once seller confirmed that seller has received $ from you
Escrow will release bitcoin for you

Got it ?


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tech_solutions
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September 05, 2015, 09:21:28 AM
 #3

Thank you very much for giving information related to how to use escrow service, i was also wondering how to use the escrow service,

now can you tell me how to approach the escrow service provider and how to find whether the escrow service provider is also genuine or not. because he can also deny both buyer and seller after getting both side money and btc and runs away with it.

information related to this will be very helpfull ,
DiscoverCebu
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September 05, 2015, 09:27:01 AM
 #4

Thank you very much for giving information related to how to use escrow service, i was also wondering how to use the escrow service,

now can you tell me how to approach the escrow service provider and how to find whether the escrow service provider is also genuine or not. because he can also deny both buyer and seller after getting both side money and btc and runs away with it.

information related to this will be very helpfull ,
Its easy, find a trusted member of the community or have a look at this thread and choose an escrow, https://bitcointalk.org/index.php?topic=855778.0 . Many are free as well. I would trust escrows here up to 50 btc after that I wouldn't me much sure as escrow himself can scam, but for lower amounts if he does scam it will ruin his reputation.
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September 05, 2015, 05:15:05 PM
Last edit: September 05, 2015, 05:48:59 PM by Gifted
 #5

So there is a trusted escrow service out there then....i have contacted dev in the list you gave me
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September 10, 2015, 09:59:08 AM
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So there is a trusted escrow service out there then....i have contacted dev in the list you gave me
Do you have found the seller yet? Normally  you and seller should reach agreement to pick up the  escrow before pming him to require his service.
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