How can I start my own escrow service?

[phoenixsilverbird]

I'm considering starting an easy to use bitcoin only escrow website.

The fee will be 1.5% per transaction and will enable users to have a single service they can continually rely on, rather than, say, a large number of escrows with whom any deal could go awry.


How can I start up and get users? Obviously I need to start small transactions first, but would anybody be interested in this service? How can I earn the trust of bitcoiners?

[1715408899]

1715408899

[1715408899]

1715408899

[1715408899]

1715408899

[inBitweTrust]

I'm considering starting an easy to use bitcoin only escrow website.

The fee will be 1.5% per transaction and will enable users to have a single service they can continually rely on, rather than, say, a large number of escrows with whom any deal could go awry.


How can I start up and get users? Obviously I need to start small transactions first, but would anybody be interested in this service? How can I earn the trust of bitcoiners?

In the bitcoin world escrow is typically free through multisig, and its only when a rare dispute happens that an arbitration fee comes into account.

The rate for arbitration is highly variable upon who you select:

https://www.bitrated.com/u

[mprep]

Just do some trades first, gain some rep and then consider starting your own escrow. Also being higher forum rank always helps.

[Harley997]

The fee will be 1.5% per transaction and will enable users to have a single service they can continually rely on, rather than, say, a large number of escrows with whom any deal could go awry.

Many users on these forms who provide escrow services will not change any escrow fee for smaller transactions, but would instead rely on tips. These tips will end up making these escrow services much more then what they could potentially charge for escrow.

[RDMINER]

If you want some money, sell your signature.

[FRNZ]

get good reputation. do some trades for yourself and move on from that point. forum activity isn't all that you need.

also if you wanna website, make sure you register a legitimate company.

[Nrcewker]

First, you need a powerful server/

[Sheldor333]

Reputation and trust of users. Those or most important. Then site and other things to show you are serious.

[Pkofet]

I'm considering starting an easy to use bitcoin only escrow website.

The fee will be 1.5% per transaction and will enable users to have a single service they can continually rely on, rather than, say, a large number of escrows with whom any deal could go awry.


How can I start up and get users? Obviously I need to start small transactions first, but would anybody be interested in this service? How can I earn the trust of bitcoiners?

No offensive, but to be honest, I don't see why people should use your service.
There are a dozen of highly trusted persons providing escrow service for free/tips. https://bitcointalk.org/index.php?topic=108716.0

[h0lybyte]

Here is an EXTREMELY ROUGH guide on how we run an escrow!

1) Purchase dedicated server (usually 8gb of ram min, decent space (SSD > HD), couple cores for CPU)
2) Update && install the OS (I like Centos or Ubuntu), firewall scripts [iptables], of course replace username login with SSH2 keys and 2FA.
3) Install OpenVZ , deploy and assign ip (you can do its own public ip address or internal)
- Nginx Box (or Apache)
- MySQL Box / and or MongoDB Box
- CryptoBox (I like to isolate them in their own virtual containers)

Afterwards, update them and install their software

4) Build an escrow script using RPC from the CryptoBoxs, then run it via the Nginx Box
5) Marketing and partnerships, maybe build up a reputation with a 3rd party company (Gambling sites)


I did ommit some parts, for security reasons, I personally would rent out 2 dedicated servers (both on the same rack and direct connect between both) and a cloud AWS.

[Harley997]

Here is an EXTREMELY ROUGH guide on how we run an escrow!

1) Purchase dedicated server (usually 8gb of ram min, decent space (SSD > HD), couple cores for CPU)
2) Update && install the OS (I like Centos or Ubuntu), firewall scripts [iptables], of course replace username login with SSH2 keys and 2FA.
3) Install OpenVZ , deploy and assign ip (you can do its own public ip address or internal)
- Nginx Box (or Apache)
- MySQL Box / and or MongoDB Box
- CryptoBox (I like to isolate them in their own virtual containers)

Afterwards, update them and install their software

4) Build an escrow script using RPC from the CryptoBoxs, then run it via the Nginx Box
5) Marketing and partnerships, maybe build up a reputation with a 3rd party company (Gambling sites)


I did ommit some parts, for security reasons, I personally would rent out 2 dedicated servers (both on the same rack and direct connect between both) and a cloud AWS.

I think the OP was referring to running an escrow service on these forums, not starting a website that offers escrow.

[BitcoinTraders]

Gain activity and rep and you could be an escrow!
Or you can make your own escrow site...

[ninjaboon]

I'm selling my escrow site, btc-asia.com
buzz me if you are interested.

[zhinkk]

Here is an EXTREMELY ROUGH guide on how we run an escrow!

1) Purchase dedicated server (usually 8gb of ram min, decent space (SSD > HD), couple cores for CPU)
2) Update && install the OS (I like Centos or Ubuntu), firewall scripts [iptables], of course replace username login with SSH2 keys and 2FA.
3) Install OpenVZ , deploy and assign ip (you can do its own public ip address or internal)
- Nginx Box (or Apache)
- MySQL Box / and or MongoDB Box
- CryptoBox (I like to isolate them in their own virtual containers)

Afterwards, update them and install their software

4) Build an escrow script using RPC from the CryptoBoxs, then run it via the Nginx Box
5) Marketing and partnerships, maybe build up a reputation with a 3rd party company (Gambling sites)


I did ommit some parts, for security reasons, I personally would rent out 2 dedicated servers (both on the same rack and direct connect between both) and a cloud AWS.

What are you even talking about? Why is a server required to run a simple escrew service on bitcointalk?

[lihuajkl]

The op wanted to start escrow web site and needed server.

[mazuma]

Here is an EXTREMELY ROUGH guide on how we run an escrow!

1) Purchase dedicated server (usually 8gb of ram min, decent space (SSD > HD), couple cores for CPU)
2) Update && install the OS (I like Centos or Ubuntu), firewall scripts [iptables], of course replace username login with SSH2 keys and 2FA.
3) Install OpenVZ , deploy and assign ip (you can do its own public ip address or internal)
- Nginx Box (or Apache)
- MySQL Box / and or MongoDB Box
- CryptoBox (I like to isolate them in their own virtual containers)

Afterwards, update them and install their software

4) Build an escrow script using RPC from the CryptoBoxs, then run it via the Nginx Box
5) Marketing and partnerships, maybe build up a reputation with a 3rd party company (Gambling sites)


I did ommit some parts, for security reasons, I personally would rent out 2 dedicated servers (both on the same rack and direct connect between both) and a cloud AWS.

What are you even talking about? Why is a server required to run a simple escrew service on bitcointalk?

hahahaha.

[acs267]

So, nobody mentioned becoming trusted? Wow. I'm very surprised.

First step:

Becoming trusted.

[Lieji]

So, nobody mentioned becoming trusted? Wow. I'm very surprised.

First step:

Becoming trusted.

Nope, you are not the first one mentioning that.

Just do some trades first, gain some rep and then consider starting your own escrow. Also being higher forum rank always helps.

get good reputation. do some trades for yourself and move on from that point. forum activity isn't all that you need.

Reputation and trust of users. Those or most important. Then site and other things to show you are serious.