Suggestions for escrow service

[escrowmycoins]

The website is ready, i am just looking for a partner to build the infrastructure for it (DevOps/networking).
Suggestions are based on need, so what do you need exactly from an escrow service?

Any screenshots of the draft of your platform? Since you're saying that it is all ready, there's no other reasons to not at least showcase us with what would people expect on your platform. Also, showing it would even create up more fruitful suggestions which would help your business.

And with regards to escrow services, it is really preferable to let people know who you are and/or any background and proof of legitimacy of your business. Escrow servicing - that accepts fiat and physical escrow services, must establish a good reputation first. Start on little price, little services, instead of jumping on making website and insisting people to trust your starting services.

Quick security suggestions: you can secure money by providing unique crypto addresses for each transaction you made rather than holding it on a single address. You can also use multiple ledger wallets, which you must invest, to provide a better security towards the money you hold.

Good point, here are some screenshots of the platform, i only have so far the deployment to be done.
At the moment i am offering different address on each transaction, for the ledger, i will be implementing the ability for users to choose whether they want their funds to be stored in Hardware wallets or not, since i need their consent.
I may also add 2FA for releasing the escrow, although it is user-less, but i will find a solution for that.

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[LoyceV]

I must correct you on that, but a user-less platform means that it does not require any registration, so opening transactions is just straightforward.

I haven't seen the phrase "user-less" used before. It sounds like a platform without users. You could just say it doesn't require registration if that's what it means.

[shield132]

Do you want to make bitcointalk escrow service or public bitcoin service?
if your site service for the forum it is easy, you need to deposit some Bitcoins for trusted member(s), and then centrally manage the site.
If any problem occurs, the member can open a report in scam board and the trusted member(s) will release extra escrow amount.
It will make the fees less and the process automatic.

Bitmixcoin.io did the same thing on this forum. They put 5 bitcoin into escrow with our user - zazarb. Once they gained some trust, they redeemed their escrowed 5 bitcoin and then scammed people, one person was scammed with 16 bitcoin. So, I wouldn't call that a good model.

I see, so basically i will be opening a website and not doing escrow on bitcointalk.
I will try to see how to secure the funds in case of a hack, so all users can be refunded.
Thanks for the advice.

The website is ready, i am just looking for a partner to build the infrastructure for it (DevOps/networking).
Suggestions are based on need, so what do you need exactly from an escrow service?

I wouldn't suggest anyone to use your service especially when you use the word "I" everywhere (that means you are doing alone) and you are also looking for partners this way. It makes me believe that in your idea you want to make a website that will generate profit automatically while you'll just draw design, code it and that's all. Business doesn't happen that way. Why to trust a person who doesn't know anything about the business he enters.

[Vod]

Bitmixcoin.io did the same thing on this forum. They put 5 bitcoin into escrow with our user - zazarb. Once they gained some trust, they redeemed their escrowed 5 bitcoin and then scammed people, one person was scammed with 16 bitcoin. So, I wouldn't call that a good model.

I don't think the OP is bright enough to copy a scam.  He claims his site will not require registration, and he claims he will figure out dispute resolution with no registration.

This is not a pre-planned scam using a known method like a ponzi.  This is just an idiot who doesn't understand how other idiots scam. 

[Maus0728]

~images~

The images you've attached are too big in resolution size, that's why the forum cannot preview it. Better compress or just upload it with a lesser resolution as having it shown is already enough proof that you are in the development stage of your platform. Furthermore, I have seen that you said in your landing page that you are the "Most secure and trusted service", which I somehow disagree as you were just starting. Better erase the word "most" as it attracts more with your honesty.

I may also add 2FA for releasing the escrow, although it is user-less, but i will find a solution for that.

2FA that would require on client side?? I guess you must better disclose first your identity before making them do it. As I was saying, it is better to have initiative in being kind and transparent to your possible clients. Would they send you their identity if you can't show yours?

[escrowmycoins]

Do you want to make bitcointalk escrow service or public bitcoin service?
if your site service for the forum it is easy, you need to deposit some Bitcoins for trusted member(s), and then centrally manage the site.
If any problem occurs, the member can open a report in scam board and the trusted member(s) will release extra escrow amount.
It will make the fees less and the process automatic.

Bitmixcoin.io did the same thing on this forum. They put 5 bitcoin into escrow with our user - zazarb. Once they gained some trust, they redeemed their escrowed 5 bitcoin and then scammed people, one person was scammed with 16 bitcoin. So, I wouldn't call that a good model.

I see, so basically i will be opening a website and not doing escrow on bitcointalk.
I will try to see how to secure the funds in case of a hack, so all users can be refunded.
Thanks for the advice.

The website is ready, i am just looking for a partner to build the infrastructure for it (DevOps/networking).
Suggestions are based on need, so what do you need exactly from an escrow service?

I wouldn't suggest anyone to use your service especially when you use the word "I" everywhere (that means you are doing alone) and you are also looking for partners this way. It makes me believe that in your idea you want to make a website that will generate profit automatically while you'll just draw design, code it and that's all. Business doesn't happen that way. Why to trust a person who doesn't know anything about the business he enters.

Apologies for using 'I', but that's true. I am working on it alone so far but i got everything done.
That is not a drawn design, it is coded and ready for production already.
You can notice the Django toolbar, which is for testing purposes.

~images~

The images you've attached are too big in resolution size, that's why the forum cannot preview it. Better compress or just upload it with a lesser resolution as having it shown is already enough proof that you are in the development stage of your platform. Furthermore, I have seen that you said in your landing page that you are the "Most secure and trusted service", which I somehow disagree as you were just starting. Better erase the word "most" as it attracts more with your honesty.

I may also add 2FA for releasing the escrow, although it is user-less, but i will find a solution for that.

2FA that would require on client side?? I guess you must better disclose first your identity before making them do it. As I was saying, it is better to have initiative in being kind and transparent to your possible clients. Would they send you their identity if you can't show yours?

Will do that.
As for revealing my identity, will do that when i register the company at least, i am so far focusing on the development and deployment of the platform.

Bitmixcoin.io did the same thing on this forum. They put 5 bitcoin into escrow with our user - zazarb. Once they gained some trust, they redeemed their escrowed 5 bitcoin and then scammed people, one person was scammed with 16 bitcoin. So, I wouldn't call that a good model.

I don't think the OP is bright enough to copy a scam.  He claims his site will not require registration, and he claims he will figure out dispute resolution with no registration.

This is not a pre-planned scam using a known method like a ponzi.  This is just an idiot who doesn't understand how other idiots scam. 

FYI, there is no registration on the website so far, and i am working on bringing more security to it.
And everyone can open a dispute without the need to register, just with their transaction UUID.
Not willing to scam or take anyone's crypto, and my identity will be revealed soon.

I must correct you on that, but a user-less platform means that it does not require any registration, so opening transactions is just straightforward.

I haven't seen the phrase "user-less" used before. It sounds like a platform without users. You could just say it doesn't require registration if that's what it means.

Many developers use the phrase user-less for a website that doesn't require registration, but i will stick with no registration required from now on if that satisfies you.

[moderator's note: consecutive posts merged]

[shield132]

Bitmixcoin.io did the same thing on this forum. They put 5 bitcoin into escrow with our user - zazarb. Once they gained some trust, they redeemed their escrowed 5 bitcoin and then scammed people, one person was scammed with 16 bitcoin. So, I wouldn't call that a good model.

I don't think the OP is bright enough to copy a scam.  He claims his site will not require registration, and he claims he will figure out dispute resolution with no registration.

This is not a pre-planned scam using a known method like a ponzi.  This is just an idiot who doesn't understand how other idiots scam. 

I wouldn't use offensive words towards him but I really don't like what he does. You know what's the real problem? People think that by buying some scripts similar of PayPal, Binance or even by building a similar one (a little bit similar, maybe 0.001%), they will be able to start a real business and become the opponent of these companies.

In this case, this man thinks that he will build a script, sit at home and will wait for others to transfer and then judge by his mind who is true and who - wrong. That's not a business and it has no future to my mind.

[Stalker22]

...
Not willing to scam or take anyone's crypto, and my identity will be revealed soon.

I think this is your biggest obstacle - trust.

It's hard for any service of this kind to gain the trust of users when it comes to cryptocurrencies. Even more when it comes to an anonymous user like you.
I don't want to jump to conclusions here and call your project scam, but I'm surprised you decided to use a brand new account to promote this project when I'm sure you've been in the crypto world for a long time, and you probably have other accounts on this forum.

There are many respectable members here offering escrow services. If you were one of them, you'd probably have a much better chance of successfully launching this kind of service.

[escrowmycoins]

...
Not willing to scam or take anyone's crypto, and my identity will be revealed soon.

I think this is your biggest obstacle - trust.

It's hard for any service of this kind to gain the trust of users when it comes to cryptocurrencies. Even more when it comes to an anonymous user like you.
I don't want to jump to conclusions here and call your project scam, but I'm surprised you decided to use a brand new account to promote this project when I'm sure you've been in the crypto world for a long time, and you probably have other accounts on this forum.

There are many respectable members here offering escrow services. If you were one of them, you'd probably have a much better chance of successfully launching this kind of service.

I do prefer using a new account, since i will be building a totally transparent legitimacy and reputation, which is far much better than something money could buy.
I will work my best to launch the website soon, i honestly do need help when it comes to the platform infrastructure, but will try to handle everything myself (Takes more time).
I am glad that you did not jump into sudden conclusions, since many here are accusing me of being a scam, without even putting the website online or even scamming anyone, which is totally weird and immature.

[Vod]

I do prefer using a new account, since i will be building a totally transparent legitimacy and reputation, which is far much better than something money could buy.

So your old account would affect this transparency and reputation?   That's not a good thing to admit.

[escrowmycoins]

I do prefer using a new account, since i will be building a totally transparent legitimacy and reputation, which is far much better than something money could buy.

So your old account would affect this transparency and reputation?   That's not a good thing to admit.

Why so? Also, i did not mention that i have an old account in the forum.

[Kakmakr]

I do prefer using a new account, since i will be building a totally transparent legitimacy and reputation, which is far much better than something money could buy.

So your old account would affect this transparency and reputation?   That's not a good thing to admit.

Why so? Also, i did not mention that i have an old account in the forum.

It goes down to interpretation of what you said... and I quote ... "I do prefer using a new account...." ..so it might mean that you had or have a old account and you want to create a "new" one..... or you do not want to buy an old account and want to start with a brand new account. (buying a old account, will raise suspicion even more.  

I think you should give more detailed answers to statements being made and questions being asked, because your responses looked rushed and unprofessional.

Escrow services are all about trust and transparency and it looks like you are hiding something? (Will this be Open Source) ?

[arabspaceship123]

I've asked in his escrow website Looking for co-founders! but he hasn't signed in. I've got strong suspicions he hasn't got a website and he isn't getting people interested.

I am working on implementing 2-3 multi-sig, but trying to find a way to make it easier for buyers and sellers to use it.

So you have not "built a user-less straight forward escrow platform".  And you cannot build it.   

[escrowmycoins]

I do prefer using a new account, since i will be building a totally transparent legitimacy and reputation, which is far much better than something money could buy.

So your old account would affect this transparency and reputation?   That's not a good thing to admit.

Why so? Also, i did not mention that i have an old account in the forum.

It goes down to interpretation of what you said... and I quote ... "I do prefer using a new account...." ..so it might mean that you had or have a old account and you want to create a "new" one..... or you do not want to buy an old account and want to start with a brand new account. (buying a old account, will raise suspicion even more.  

I think you should give more detailed answers to statements being made and questions being asked, because your responses looked rushed and unprofessional.


Escrow services are all about trust and transparency and it looks like you are hiding something? (Will this be Open Source) ?

I did create this account straightforward, basically buying an old account sucks especially for escrow services, i mean you don't see any new company just buying old accounts.
I am not in a rush, i have been working on the website for the past year, tested over and over again and still working on maintaining a high level of security in it, i was basically just looking for some partners, and i am not in a rush for that neither.
I have posted photos of the websites, but i am not sure what details i should mention since it can just get brain raped, and intellectual property nowadays is well known to be stolen by anyone. Once protected fairly, i shall discuss the platform in details of course. Unfortunately, it is not yet well protected. 

[Timelord2067]

Hello, my first suggestion would be to update you OP with contact information and terms you've come up with for trades, regardless of whether or not you end up starting a new thread in the Lending Section.

I also feel that any thread you start of an escrow/lending nature should NOT be self moderated.  To me deleting posts, good, bad or indifferent hints of trying to hide something.

[escrowmycoins]

Hello, my first suggestion would be to update you OP with contact information and terms you've come up with for trades, regardless of whether or not you end up starting a new thread in the Lending Section.

I also feel that any thread you start of an escrow/lending nature should NOT be self moderated.  To me deleting posts, good, bad or indifferent hints of trying to hide something.

Well, i will not be the one personally doing trades but i have built a platform for that, to handle escrow, it is totally automatic and all i will do is maintaining, trying to integrate smart contracts, and adding multi-sig along the way, any idea on how to make multi-sig easier for users?

[Timelord2067]

Hello, my first suggestion would be to update you OP with contact information and terms you've come up with for trades, regardless of whether or not you end up starting a new thread in the Lending Section.

I also feel that any thread you start of an escrow/lending nature should NOT be self moderated.  To me deleting posts, good, bad or indifferent hints of trying to hide something.

Well, i will not be the one personally doing trades but i have built a platform for that, to handle escrow, it is totally automatic and all i will do is maintaining, trying to integrate smart contracts, and adding multi-sig along the way, any idea on how to make multi-sig easier for users?

There *was* a website four or five years ago that had a fully automated escrow service (yes, two of three or similar I believe)...  It worked exactly as the author said it would, so a scammer set a trader up locking considerable funds in such a break-proof escrow.  The scammer revealed they had no intention of going through with the deal, so the funds are still locked away, the web author refunded the scammed person (out of their own pocket) and the website got taken down.

I would recommend exercising caution in setting up such a website without limiting the exposure by either party to such a scam.

[escrowmycoins]

I will do my best to build a good reputation and successful transactions, hopefully everyone will be satisfied by the future services i will offer in the platform, trying my best right now to offer multi-sig in an easy simple way, if you have any suggestions on how to do that with a non-required registration escrow i would love to here those!

[robelneo]

I will do my best to build a good reputation and successful transactions, hopefully everyone will be satisfied by the future services i will offer in the platform, trying my best right now to offer multi-sig in an easy simple way, if you have any suggestions on how to do that with a non-required registration escrow i would love to here those!

Can you take down the slogan

the most trusted and secure escrow service

as a start-up project you don't credit yourself on something that involves escrow, there are others here who deserves that slogan Sebastian Ju in my opinion deserves that title unless you can show testimonials coming from members of this forum and you escrow big amount of money.
Build your reputation first before you claim a title or slogan

[Saisher]

Hey everyone, i am looking for some suggestions for an escrow service we are launching.
Drop your ideas below 

When it comes to escrowing funds, trust is the most important thing, you should build up your trust rating and reputation first before anything else, even if you have a good escrow site in place, with all the good features are on it, it is still nothing unless you can get people to trust to handle you their funds.