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thebenjamincode (OP)
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October 06, 2014, 05:21:38 AM
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Hey guys, can someone please explain how does escrow works?
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October 06, 2014, 05:52:58 AM
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Quote from: thebenjamincode on October 06, 2014, 05:21:38 AM
Hey guys, can someone please explain how does escrow works?

Deal: A wants to sell BTC to B against FIAT where C is the escrow.

A sends BTC to C.

C asks B to pay A in FIAT.

A confirms C about FIAT receive from B.

C releases the BTC to B.

Deal closed.

-  In simple terms this is escrow and this is how www.100bit.co.in is going to work. Stay tuned Smiley
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October 06, 2014, 06:19:00 AM
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Quote from: thebenjamincode on October 06, 2014, 05:21:38 AM
Hey guys, can someone please explain how does escrow works?

If you need anything escrowed you can view my thread here https://bitcointalk.org/index.php?topic=133985.0 can contact by PM or my live chat if its online to speak direct on steps taken to provide a safe escrowed transaction or trade.
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