I am wondering if crypto escrow services are profitable or not,
i will try to put this escrow online anyways just for the community and see how i can make money out of it,
Since this is a sensitive topic/service, I'll give you a straight answer:
- You shouldn't offer an escrow service for the possibility of having a profit of some kind but instead, you should only look to secure those deals/funds for involved parties.
- This type of service isn't like other businesses and if all you care is profits, then you're doing it for the wrong reason.
I'd say that people are no longer using it as they used to.
Exactly + some are pretending to, by looking for escrow providers while dealing with the type of stuff that none of us can secure for each part of the deal.
i just want to register it as a company so far in order to boost the trust in it.
I've seen a lot of scammers managed to register their company quite easily and still end up scamming others
[AFAIK, it's no longer that hard to register as a company]...
- I'm not implying that you're a scammer.Indeed, but at least an escrow service will make it less possible for someone to get scammed or get his bitcoin stolen,
That's only correct if the one that's offering their escrow services isn't a scammer of some sort
[we've already had a few those in the past].
i am trying to apply the best security practices in the escrow i am working on.
Care to share the exact process?