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Author Topic: IMPORTANT: Please, help! Can I trust coinb.in's multi-signature escrow?  (Read 427 times)
SLRman
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March 12, 2016, 06:38:12 PM
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Can I trust https://coinb.in  multi-signature escrow for a large volume trade?

Please, help?
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unamis76
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March 12, 2016, 06:39:48 PM
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Probably. That seems to be an online wallet where you don't own your keys, so I'd say no.
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March 12, 2016, 06:45:21 PM
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Probably. That seems to be an online wallet where you don't own your keys, so I'd say no.


With all due respect, I was referring to their escrow-service..  and not to their wallet.

Their escrow is a multi-signature one, which means we all(the seller, the admin and me) hold one key of the 3...
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March 12, 2016, 06:55:33 PM
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Probably. That seems to be an online wallet where you don't own your keys, so I'd say no.


With all due respect, I was referring to their escrow-service..  and not to their wallet.

Their escrow is a multi-signature one, which means we all(the seller, the admin and me) hold one key of the 3...

That's exactly the thing... If you want to use their service, use it offline without having them as a mediator. But ultimately it's your call Smiley
SLRman
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March 12, 2016, 06:59:36 PM
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Probably. That seems to be an online wallet where you don't own your keys, so I'd say no.


With all due respect, I was referring to their escrow-service..  and not to their wallet.

Their escrow is a multi-signature one, which means we all(the seller, the admin and me) hold one key of the 3...

That's exactly the thing... If you want to use their service, use it offline without having them as a mediator. But ultimately it's your call Smiley


I don't get you?  how can I use it offline without having them as a mediator ?
(I just simply don't request to have a mediator's public key in when I make the multi-signature escrow?)
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March 12, 2016, 07:08:33 PM
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Please guys help me in this... I don't want to end up getting scammed.

Cheers
unamis76
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March 12, 2016, 07:25:59 PM
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Probably. That seems to be an online wallet where you don't own your keys, so I'd say no.


With all due respect, I was referring to their escrow-service..  and not to their wallet.

Their escrow is a multi-signature one, which means we all(the seller, the admin and me) hold one key of the 3...

That's exactly the thing... If you want to use their service, use it offline without having them as a mediator. But ultimately it's your call Smiley


I don't get you?  how can I use it offline without having them as a mediator ?
(I just simply don't request to have a mediator's public key in when I make the multi-signature escrow?)

As it says on their page you can download their page and run it offline.

Basically you can generate the addresses you need offline, with their tool (or any other), but if you really want to have a third party (escrow) in your transaction you'd better choose someone that's widely known and accepted and not just a random website. You have a few trusted escrow services available on the forum, I think some of them even accept working with multisig addresses.
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March 12, 2016, 07:31:53 PM
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Probably. That seems to be an online wallet where you don't own your keys, so I'd say no.


With all due respect, I was referring to their escrow-service..  and not to their wallet.

Their escrow is a multi-signature one, which means we all(the seller, the admin and me) hold one key of the 3...

That's exactly the thing... If you want to use their service, use it offline without having them as a mediator. But ultimately it's your call Smiley


I don't get you?  how can I use it offline without having them as a mediator ?
(I just simply don't request to have a mediator's public key in when I make the multi-signature escrow?)

As it says on their page you can download their page and run it offline.

Basically you can generate the addresses you need offline, with their tool (or any other), but if you really want to have a third party (escrow) in your transaction you'd better choose someone that's widely known and accepted and not just a random website. You have a few trusted escrow services available on the forum, I think some of them even accept working with multisig addresses.


This is claimed to be a highly trusted website... 

I'm not sure how could I get scammed while generating the addresses offline ? they will never have access to the private keys..
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March 13, 2016, 07:00:35 AM
 #9

better to trust some known member here like sebastian, he is like the general escrower here, contact him i'm sure you cna come up with something better
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