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Author Topic: How to use escrow service to buy n sell BTC  (Read 61 times)
chaudary_zabi
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December 26, 2017, 06:50:32 PM
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Hello, I see the word escrow used in the forum for buying n selling btc so I want to know which escrow service is best for buying n selling btc from anyone. I talk with live agent on escrow.com and they say that we dont do crypto escrow. So info needed in this regard.

One more thing can escrow service release the payments after confirmations or when receive the bitcoins then release the payments.

Thanks in advance
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Dided1981
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December 26, 2017, 06:52:20 PM
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they can only release after the payment clears
gt_addict
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December 26, 2017, 07:18:21 PM
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Check out my post in this thread:-

https://bitcointalk.org/index.php?topic=2648814.0

Same sort of rules apply for currency exchanges (not including paypal deals as no one can protect someone from a reversal of payment).

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December 26, 2017, 08:51:04 PM
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Here is a list of trusted escrows:

https://bitcointalk.org/index.php?topic=855778.0

PayPal transactions are not escrowable trades because the risk of payment being reversed defeats the core purpose of escrow which is meant to protect both buyers and sellers from reversing payment or defaulting on the terms agreed. Skrill, Venmo and Neteller transactions are also reversible and therefore high risk payment methods too.

By using escrow you contribute positively by promoting a safer community. Over time you will gain the respect and trust of this community.

As for the escrow procedure, you should contact a trusted escrow on the link above and discuss the transaction including escrow fees, if any. The escrow will provide instructions which should be followed to protect everyone involved.


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