Hi Guys,
Over the last few weeks I have been asked to escrow for quite a few large transactions between members in the crypto community, all of which went well with no problems. Since I do get a few requests regularly I thought I'd start a professional service for most coins, including quite a few alt currencies. Below are complete details, sorry for the length, but when you're after a service like this it is very important to be as concise as possible.
Starting from today I will have updated clients for the currencies below on a stand alone machine. The system will be powered off when not being used to carry out transactions, it will be also run with top notch security software & firewalls. All wallets will have triple backups, all stored offline on cold storage. This machine will solely be run on TOR meaning hackers cannot target my machine.
There will of course be a fee, as listed below, this will depend on the type of currency and the number of coins transacted.
There will be two services:
'Coin&Confirm' which leaves one user's coins in escrow with me until an external payment or item is received with confirmation being given to me from the opposing user. When sending or receiving items or payments in fiat it is very important to take screenshots and/or scans of anything that may be of use in a dispute. When posting please use a tracked service, proof of postage may not be enough!
'Coin2Coin' will be a service where two cryptocurrencies from two users are both held in escrow by me, once coins from both sides are received then they will be sent to the opposing users.
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*CURRENCIES SUPPORTED & FEE'S* 
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*PROCESS*You can either PM me on here, or email me at
koolioescrow@gmail.com. Please note that I am not a robot and do sleep, most days I am open to reply from 1300 - 0500 GMT. If I take holidays etc I will give prior warning.
From this point you need to inform me the following:
1. Whether you need 'Coin&Confirm' or 'Coin2Coin'. Also what item is being posted if Coin&Confirm'
2. The currencies involved.
3. The quantities involved.
4. Contact email for yourself and the other party.Once received, Ill email or message you back with receiving address for the coins, and if 'Coin2Coin' then you will get a second address that is needed to be given to the other party. I will email the other user both addresses anyway, so they can see payment status on the block chain, also so they have a complete record. Once coins are received from one or both parties, you will get another message stating all received.
When handling cryptocurrencies I operate I minimum transact time of 10 confirms on BTC & LTC, all alt currencies require 20 confirms due to potential forking at the moment. They can be lowered on request.
Payments from my system are handled manually for security, at no point is anything automated.
Fees will be deducted from all amounts on my side automatically. Fees are charged per user at rates set above.
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*DISPUTES*Disputes can be opened by either party simply by emailing me on
koolioescrow@gmail.com or PM on here.
For
'Coin&Confirm' To counter a claim of no payment the opposing user must send proof of payment by email to me. This must be a screenshot of the payment leaving your account. With item deliveries, proof of postage may not be enough to counter a claim, for this reason I suggest all users use tracked postage as if I can openly access delivery data I will find instantly in that users favour. In any cases where evidence from both sides is submitted and we are at a stalemate I will use all means necessary to do a complete background check on both parties. If a user has any lack of history or proof of past scams then again I will find in opposing users' favour.
Where
'Coin2Coin' is confirmed if I fail to receive coins from opposing users then a full refund will be sent to initial party. If a user makes a mistake on sending addresses we will count those coins lost due to error and again a refund will be given to opposing user unless a repayment to correct address is made.
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*WHY TRUST ME?*Of course I expect this question to be raised... Please click links in my signature for details of my other profiles.
Heres the other reasoning:
1. I have been a long term supporter of cryptocurrencies for over 3 years. I have an impeccable relationship with long term members and not once ever tried anything considered 'dodgy' or 'malicious'.
2. I have what can be considered a large holding of cryptocurrencies totalling 6 figures+ for Litecoin & 3 figures+ for Bitcoin. It is therefore not in any interest of mine to even consider 'robbing' or 'defrauding' anyone of their coins.
3. I am a moderator on BTC-E.com where many see me day to day keeping the chat community in check. I have a profile number of less than 8000 which is considered quite old.
4. If you click the links in my signature below you will be taken to my various profiles. My BitBargain account is fully verified meaning the owner has seen a verified bank account and soon to include full ID check. I have an impeccable sales history of there with no negatives at all.
5. My OTC profile is in check with a good score, no negatives at all.
6. I'm sure that in any scenario of bad practice there are a number of users who hold dox on me. Due to my openness in previous years I allowed members to do checks on me.
7. One of my external businesses is WiresNTyres.com... this website is registered to me, I am also editor and can be contacted via contact details on there for proof. As this is a long term project of mine I would not jeopardise it over a few crypto coins.
***SO FAR I HAVE ESCROWED OVER 250'000 LITECOINS AND ALMOST 800 BITCOINS TO USERS WHO HAVE TRUSTED ME. THESE HAVE BEEN LARGE TRANSACTIONS***
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*HOW WILL I IMPROVE THIS SERVICE*After an initial 4 weeks service I will open a dedicated website with a full ticket system allowing users to automate their requests. Wallets will not be stored on the site, only pre created addresses. Once transactions are complete I will delete all data. Payments out of escrow will still be carried out manually to keep security high, and I will improve on hardware by purchasing dedicated physical firewalls, and continue running the payment machine on TOR.
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*REFERRALS*If a user refers business to me, or parties agree a member was the sole reason of my service use I will award that person 10% of the fee for that transaction. When I start my website this will rise to 20% for the life of transactions with those customers. I can only offer more when I implement an IP tracked referral system otherwise people would just claim referrals to bring total fee down.
Depending on fee's made I will be doing a giveaway in due course to drum up interest. Details aren't finalised but most likely entry will be given to all referral users and service users per transaction or coin sent to me.
