Ethereum Escrow Service by Trusted Sr Member. (53.455 Ether escrowed)

[KaydenC]

Offering Ether Escrow Services

I am providing Escrow services using the Dapp EscrowMyEther.com for a 1% fee and am opening this thread for feedback on my services.
My Ethereum address is 0x7991dd3e60e4284000c173115751529cf01e2058.

My reddit username: Arrow222. Discord: KaydenC#6683.

Enter my address under "Escrow Agent" when creating a transaction in the Dapp.

Please view below post for details on using the Dapp.

Dapp: http://escrowmyether.com/


My escrow history:

Tx	Tx Initiated	Tx Status	Transaction Value (Ether)
9	[LINK]	[FUND RELEASED]	15.655 Eth
8	[LINK]	[REFUNDED]	18.9 Eth
7	[LINK]	[REFUNDED]	6.66 Eth
6	[LINK]	[FUND RELEASED]	4.5 Eth
5	[LINK]	[FUND RELEASED]	2.5 Eth
4	[LINK]	[FUND RELEASED]	2.4 Eth
3	[LINK]	[FUND RELEASED]	1.5 Eth
2	[LINK]	[FUND RELEASED]	0.33 Eth
1	[LINK]	[FUND RELEASED]	0.01 Eth
0	[LINK]	[Escrow Escalation] [Refunded by Escrow]	1 Eth
		Total amount escrowed:	53.455 Ether

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Kindly ensure both the buyer and seller registered their contact info on the Dapp before proceeding with the transaction. This ensures I'm able to get in touch with both parties, or make an escrow decision if one party fails to respond. For transactions where either party have not registered their contact info, escrow services will not be provided.

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[KaydenC]

EscrowMyEther is an open source Ethereum Dapp built on Smart Contracts.



The buyer initiates an escrow transaction, specifying a seller and escrow agent. The smart contract locks the buyer's funds. Once the buyer receives the item, he can release funds to the seller.

In case of dispute, escrow agent can step in to refund the buyer, or release funds to seller. Seller can also refund the buyer at any time. When the transaction is complete, the seller or buyer (if refunded) can withdraw their funds. Escrow agent can withdraw their escrow fees. At any point in time, the escrow agent never touches your funds. The smart contract holds it safely. The escrow agent only has the ability to release funds to seller, or refund to buyer.

The Dapp dashboard allows the buyer/seller/escrow to view and interact with their escrow transaction history. Don't send me payment, just specify my address as the Escrow Agent in the Dapp. Below are instructions on creating escrow transaction.


For Buyers - 6 Steps to Creating an Escrow transaction
Please view the video here or read below: https://www.youtube.com/watch?v=T2_XzSlddWI


1) Connect to an Ethereum node. Best way is to use the Metamask's chrome extension. https://metamask.io/
Metamask allows you to interact with the Ethereum blockchain with your Ethereum address


2) Head to EscrowMyEther.com and click "Buyer" on the main menu



3) On the buyer dashboard. Click initialize new transaction



4) Enter Seller address and Escrow agent address
Enter my address 0x7991dd3e60e4284000c173115751529cf01e2058 under Escrow agent



5) Confirm the transaction in Metamask or your own Ethereum node. I recommend lowering gas price to 5 Gwei to save a little transaction fee.
Wait for transaction to be mined. Usually takes 5 mins or less. During ICOs, it can take an hour due to network congestion.

Once mined, you will see the transaction in your buyer dashboard. Seller will also see the transaction on his own dashboard. You can click inside to view the details.


6) When you receive the product, head into the dashboard and click on the transaction. Inside you'll see details like fees, escrow and seller name.

Click "Release funds" once you receive your product. The smart contract will unlock the funds, and release it to seller. At the same time, 1% fee is transferred to my address.
If there's issues with the product and you are unable to resolve with your Seller, click "Request escrow assistance" and send me a PM.
I will assist you with the order as soon as possible.


Please feel free to post below if you have questions.




For Sellers - Receiving Escrow transaction

1) Connect to an Ethereum node. Best way is to use the Metamask's chrome extension. https://metamask.io/
Metamask allows you to interact with the Ethereum blockchain with your Ethereum address


2) Head to EscrowMyEther.com and click "Seller" on the main menu



3) On the Seller dashboard. Click modify profile. Under "Name", enter your forum username, and under "Info" you may leave it blank, or link to your forum profile
It's highly recommended to update your Seller name, so that it displays as Buyers are entering your address.



Confirm the action in Metamask/your Ethereum node. It will save your Seller name/info on the blockchain.


4) You can now accept Escrow transactions.
Let your buyer know your address, the amount to pay, and the name/address of the Escrow agent you both agree to use. My address is 0x7991dd3e60e4284000c173115751529cf01e2058
Once you see the incoming transaction on your Seller dashboard, the buyer's funds are locked in the smart contract. Click inside the transaction to check the Escrow Agent address is correct.
If it's correct, you can ship the order.


If your buyer is not releasing funds after getting his item. Click "Request escrow assistance" and send me a PM. I will assist within 24 hours.


5) Withdrawing Funds.
When a transaction is complete, the funds are moved to your ownership, stored inside the smart contract. Click withdraw to move the funds to your address.


Note on fees: There is a 0.25% developer fee for using EscrowMyEther. For Sellers, your total fees are 1.25%. (My 1%, plus 0.25% dev fee)



Links for your reference:

Dapp website: http://escrowmyether.com

Open source smart contract: https://etherscan.io/address/0x1c02ce498dc6d0d6ef05a253e021258b07eeba91#code

Github: https://github.com/KayinCheung/KayinCheung.github.io

Open bug bounty: https://www.reddit.com/r/ethdev/comments/6zwb1x/escrowmyether_1_eth_bug_bounty/


Disclaimer: I am the developer of EscrowMyEther. As proof I have added my forum username at the bottom of the github page.

[hilariousandco]

Please remove your bumps when you make a new one. Thanks.

Edit. You can only bump it once per 24 hours as well.

[abdulaziz07]

Is this service still active and how quickly funds get released?

[bitlyra]

hey friend, I am just curious about what is that escrow all about? What services it does provide and offers to all? Is this related to the the application in the bounty campaign? If this all connected to the escrow services, then i would love to..

[KaydenC]

Is this service still active and how quickly funds get released?

Hello. Yes the service is active.

The funds get released by 2 ways.

1) Your buyer releases funds himself through the Dapp. Once he releases, you will get the funds within 1 - 5 mins (once his release funds action is mined by the blockchain). It is very convenient, there is no need to go through me to release funds.


2) If a dispute occurs, I will contact both parties for mediation. The process may take a few days for both parties to negotiate and for me to collect evidence. If partway through the process the buyer release funds himself,  the funds are released in 1 - 5 mins.

If required, I will make the decision to release funds to seller or refund to buyer. Once the decision is made, you will again get your funds in a few minutes.

[KaydenC]

hey friend, I am just curious about what is that escrow all about? What services it does provide and offers to all? Is this related to the the application in the bounty campaign? If this all connected to the escrow services, then i would love to..

Hello

I'm offering escrow services just like OGNasty in his thread: https://bitcointalk.org/index.php?topic=303281.0

When a buyer and seller wishes to transact in crypto, but wants escrow protection (like paypal), they can opt to use my escrow service.

The main benefit of my escrow service is convenience and security. It's convenient because buyers can initiate the escrow transaction via the platform: http://escrowmyether.com/

Short video: https://www.youtube.com/watch?v=T2_XzSlddWI


It can be done without even messaging me, he just needs to input amount to escrow, seller ethereum address and my address as escrow agent. Similarly if transaction proceeds smoothly, he can release funds himself without going through the escrow agent.


For example, in the newest 3 transactions in the Ethereum smart contract:
https://etherscan.io/address/0x1c02ce498dc6d0d6ef05a253e021258b07eeba91

The buyer initiated the transaction, and release funds a few minutes later. Seller then withdrawed his funds from the Dapp. All done in a span of 13 mins. Compared to traditional BTC escrows, it's way faster

Second, it is secure because escrow agents NEVER touches buyer's funds. In traditional escrow, the escrow holds all the funds. He could get hacked or run away with the funds, there's nothing the buyer can do.

By using EscrowMyEther, the escrow logic is secured by Ethereum smart contracts. Escrow agents can only release funds to seller, or refund to buyer. He literally cannot steal your funds.



My service is useful for anyone who wants to buy or sell stuff in crypto and wants convenient and safe escrow protection.


Anybody can use EscrowMyEther to offer their escrow services, or transact as a buyer or seller.

[KaydenC]

Bump, escrowing my 5th transaction of 2.4 Ether right now: https://etherscan.io/tx/0x791d0839f7f4b9d97bc5b032286111e8f372e0201db497b6965a4f6b2876e5de

By using the Dapp, buyers can initiate the escrow transaction and  sellers can view incoming transactions on dashboard immediately.

Traditional BTC escrows requires several messages to and from the escrow agent. EscrowMyEther saves you time, and is more secure as the smart contract, not escrow agent, holds the funds while in escrow.


EDIT: The 5th 2.4 Ether transaction is completed within 15 minutes, with buyer releasing funds to seller: https://etherscan.io/tx/0xe34538197da3b9d6705d5c9d9e437f085233688b9c8c7ae0deec7a25e5557a80

[KaydenC]

My 6th escrow transaction of 4.5 Ether: https://etherscan.io/tx/0xfe9139faf2c227d743d599259237ac6479d8267354145115a274a76534997ec8

This transaction has been completed, with funds released to seller: https://etherscan.io/tx/0xe0d71609cfc640a0fabd09ee5c11cc2a956d71c7831dfda83bd82b35255c1343

You could see the efficiency of this Dapp/service from the 2 transactions above. Buyer released funds himself in 6 mins once the seller delivered. Way faster and more convenient than traditional BTC escrows.

Escrow services are still open!

[KaydenC]

Escrowing for my 7th transaction of 6.66 Eth. I also made a table to organize my escrow history and for your browsing convenience.

Tx	Tx Initiated	Tx Status	Transaction Value (Ether)
7	[LINK]	In progress	6.66 Eth
6	[LINK]	[FUND RELEASED]	4.5 Eth
5	[LINK]	[FUND RELEASED]	2.5 Eth
4	[LINK]	[FUND RELEASED]	2.4 Eth
3	[LINK]	[FUND RELEASED]	1.5 Eth
2	[LINK]	[FUND RELEASED]	0.33 Eth
1	[LINK]	[FUND RELEASED]	0.01 Eth
0	[LINK]	[Escrow Escalation] [Refunded by Escrow]	1 Eth
		Total amount escrowed:	18.9 Ether

[KaydenC]

wow great Ethereum escrow
because I'm always use ethereum for transaction
this is safe like bitrated on BTC escrow?

Yes. Your funds are secured by an ethereum smart contract.

The open source code is designed such that the escrow agent never has access to your funds, but only the ability to refund the buyer, or release funds to the seller if either party raises escrow escalation in the Dapp. During the escrow process, the blockchain securely holds the funds.

It is impossible for the escrow agent to run away with the funds, even if an attacker stole the escrow's private keys, he cannot steal anything. I would say it's much more secure compared to traditional BTC escrows where the funds are held by the escrow.

Also it's cheap in fees and fast. My 6.66 ether transaction a few hours ago costs 80 cents to initiate and a few minutes for 10 confirmations. The buyer did not need to go through me before making the transaction. He also will not need to go through me to release funds. Traditional BTC escrows may take a few hours to respond and takes much longer to confirm.

[KaydenC]

Always refer to this thread to copy paste my ethereum address for your safety. If the incorrect address is input, I will not be able to assist you in case of disputes.

[KaydenC]

Bump.



Escrow History:

Tx	Tx Initiated	Tx Status	Transaction Value (Ether)
7	[LINK]	In progress	6.66 Eth
6	[LINK]	[FUND RELEASED]	4.5 Eth
5	[LINK]	[FUND RELEASED]	2.5 Eth
4	[LINK]	[FUND RELEASED]	2.4 Eth
3	[LINK]	[FUND RELEASED]	1.5 Eth
2	[LINK]	[FUND RELEASED]	0.33 Eth
1	[LINK]	[FUND RELEASED]	0.01 Eth
0	[LINK]	[Escrow Escalation] [Refunded by Escrow]	1 Eth
		Total amount escrowed:	18.9 Ether

[KaydenC]

8th Escrow tx of 18.9eth in progress: https://etherscan.io/tx/0xbe72c806342b3bf21ea21e2f67bcce76456187361d4ac6f35d8cfb5a3b0f2437


Escrow History:

Tx	Tx Initiated	Tx Status	Transaction Value (Ether)
8	[LINK]	In progress	18.9 Eth
7	[LINK]	In progress	6.66 Eth
6	[LINK]	[FUND RELEASED]	4.5 Eth
5	[LINK]	[FUND RELEASED]	2.5 Eth
4	[LINK]	[FUND RELEASED]	2.4 Eth
3	[LINK]	[FUND RELEASED]	1.5 Eth
2	[LINK]	[FUND RELEASED]	0.33 Eth
1	[LINK]	[FUND RELEASED]	0.01 Eth
0	[LINK]	[Escrow Escalation] [Refunded by Escrow]	1 Eth
		Total amount escrowed:	37.8 Ether

[/quote]

[bitcoinsrlite]

Do you happen to do Escrow for Ethereum Classic as well or only Ethereum? Thanks in advance

[KaydenC]

Do you happen to do Escrow for Ethereum Classic as well or only Ethereum? Thanks in advance

I escrow for Ethereum only.

[tradertrader350]

check your PM about to use your service!

[KaydenC]

check your PM about to use your service!

Replied.

[KaydenC]

Completed my 10th escrow transaction of value 15.655 Eth.

Tx	Tx Initiated	Tx Status	Transaction Value (Ether)
9	[LINK]	[FUND RELEASED]	15.655 Eth
8	[LINK]	In progress	18.9 Eth
7	[LINK]	[REFUNDED]	6.66 Eth
6	[LINK]	[FUND RELEASED]	4.5 Eth
5	[LINK]	[FUND RELEASED]	2.5 Eth
4	[LINK]	[FUND RELEASED]	2.4 Eth
3	[LINK]	[FUND RELEASED]	1.5 Eth
2	[LINK]	[FUND RELEASED]	0.33 Eth
1	[LINK]	[FUND RELEASED]	0.01 Eth
0	[LINK]	[Escrow Escalation] [Refunded by Escrow]	1 Eth
		Total amount escrowed:	53.455 Ether

[KaydenC]

I see some users kept releasing funds for the same transaction several times in the smart contract: https://etherscan.io/address/0x1c02ce498dc6d0d6ef05a253e021258b07eeba91

Do note funds only needs to be released once and releasing funds only transfers fund ownership to seller.

The seller still has to enter the dashboard to withdraw funds manually.