IMPORTANT: Which clearnet bitcoin-escrow site you recommend me using ?

[SLRman]

Which is the most trustful & safest bitcoin-escrow service provider over the clearnet at this moment ?
(not here over the forum please)

I'm referring to this: https://en.bitcoin.it/wiki/Bitcoin_Escrow_Service#Escrow_Services

How about these:

- www.bitcoinmalaysia.com
- https://coinb.in/#newMultiSig
- https://escrowmybits.com/
- https://www.strongcoin.com/


Many thanks for your input! Your help is well appreciated!

[1714838111]

1714838111

[--Encrypted--]

I would advise you to use the escrows from this forum. but since you don't want to use them... just pick a service that uses 2 of 3 multisignature transactions. that way the escrow don't actually hold the funds.

for more on multi-sig, read this -> https://en.bitcoin.it/wiki/Multisignature

[SLRman]

Many thanks for your quick response.

I've checked and see that the following sites are providing multi-signature escrows:

https://coinb.in/#newMultiSig
https://escrowmybits.com/main.php?page=buyerorseller&escrowtype=multisig

not sure about the rest if they really offer multi-sig.


What do you think ?

[--Encrypted--]

Many thanks for your quick response.

I've checked and see that the following sites are providing multi-signature escrows:

https://coinb.in/#newMultiSig
https://escrowmybits.com/main.php?page=buyerorseller&escrowtype=multisig

not sure about the rest if they really offer multi-sig.


What do you think ?

I haven't heard anything about escrowmybits.com. try coinb.in or bitrated.com.

[SLRman]

I assume you've previous experience with coinb.in and bitrated.com

both parties offer multi-signature escrow.. but which do you think is the most safe to go with ?

Many thanks for your input!

[--Encrypted--]

I assume you've previous experience with coinb.in and bitrated.com

both parties offer multi-signature escrow.. but which do you think is the most safe to go with ?

Many thanks for your input!

never with coinb.in escrow, but I've used the site few times for other stuff. I've used bitrated only twice (didn't run to any problem.). personally I'd go with bitrated.

[SLRman]

Thanks for your reply!

Alright then, just to confirm what you're trying to say w/ this is that I should rather go with bitrated.com's multi-signature escrow than coinb.in, correct ?
umm...  any idea why bitrated.com is not being on the list here? https://en.bitcoin.it/wiki/Bitcoin_Escrow_Service#Escrow_Services

Many thanks for your help again.

Others? Do you agree with this?

[--Encrypted--]

Alright then, just to confirm what you're trying to say w/ this is that I should rather go with bitrated.com's multi-signature escrow than coinb.in, correct ?
umm...  any idea why bitrated.com is not being on the list here? https://en.bitcoin.it/wiki/Bitcoin_Escrow_Service#Escrow_Services

yep.

the wiki is missing a lot of stuff. the ones who's updating it is just normal users, or service owners that wants their site listed.

[SLRman]

Thanks a lot for your help!

What are the chances of getting scammed at bitrated.com ? I do understand that they are using multi-signature escrow which means you need to have at least 2 keys of the 3 in order to transfer the coins. though I still don't understand what's the worst case that could happen ?

Let's assume me(the buyer), the seller and the site holds 1-1-1 key, there's gonna be a dispute between me and the seller and the site seems not being interested in resolving this for me. What's gonna happen then?  The bitcoins will get stuck there and everyone's loosing ?

Many thanks for enlightening me!

[--Encrypted--]

Let's assume me(the buyer), the seller and the site holds 1-1-1 key, there's gonna be a dispute between me and the seller and the site seems not being interested in resolving this for me. What's gonna happen then?  The bitcoins will get stuck there and everyone's loosing ?

they will have to choose a side once they see all the necessary proofs. not doing so will hurt their rep. it's either you or the seller. it's the same as normal escrow service, really. the only difference is that the escrow can't run away with the funds (unless the buyer/seller assists them.)

[SLRman]

So in case they refuse to choose a side on a dispute to have it resolved, the coins will get stuck there and will be considered as a loss for everyone ?(for both the buyer and seller.. even for the escrow service provider, correct?)

+1: in case the seller offers his key to the service provider site, the site can run away with my money and then split it up with the seller as a part of the agreement, am I right ?

- Would you trust bitrated.com for not doing any of these with high volume trades ? (20-50 bitcoins)

[--Encrypted--]

So in case they refuse to choose a side on a dispute to have it resolved, the coins will get stuck there and will be considered as a loss for everyone ?(for both the buyer and seller.. even for the escrow service provider, correct?)

yes. but it's very unlikely to happen with trusted agents.

+1: in case the seller offers his key to the service provider site, the site can run away with my money and then split it up with the seller as a part of the agreement, am I right ?

yep.

- Would you trust bitrated.com for not doing any of these with high volume trades ? (20-50 bitcoins)

no idea. depends on who you're dealing with.

just to make sure there's no confusion. it's not the site who's doing the escrowing but their users.

[SLRman]

- Would you trust bitrated.com for not doing any of these with high volume trades ? (20-50 bitcoins)

no idea. depends on who you're dealing with.

You mean it depends on the seller I'm dealing with ?

just to make sure there's no confusion. it's not the site who's doing the escrowing but their users.

I'm not sure about this. What does it mean ? Which user to trust with this job?!

*I might send you a PM in regards to what I'm exactly looking forward to do if you don't mind?

[--Encrypted--]

You mean it depends on the seller I'm dealing with ?

no. I mean the escrow.

just to make sure there's no confusion. it's not the site who's doing the escrowing but their users.

I'm not sure about this. What does it mean ? Which user to trust with this job?!

*I might send you a PM in regards to what I'm exactly looking forward to do if you don't mind?

it means it's similar to bitcointalk escrows where the users are doing the escrowing and not the site itself.

*I wouldn't mind at all.  

[SLRman]

Thanks a lot for your help again!

A PM has been sent over to you!