Title: Bitcoin Escrow Services
1Bitcoin Escrow Services
2Introduction
- We know bitcoin, the modern cryptocurrency that
becomes an undeniable payment method at most
everywhere around the globe. It has been deemed
as master of cryptocurrency, as it has paved a
way for other cryptocurrencies like ethereum,
monero, XRP, and others to survive in the crypto
marketplace. - People who resides in this crypto industry may
aware of all these monumental success of bitcoin
throughout the years of the journey. But, there
are some important things that we need to
concentrate more, especially while transacting
bitcoins.
3Bitcoin - In Mess
- In the case of bitcoin "The success derived a
way for huge adoption, the adoptions derived
chances for complexities, and the complexities
resulted in anonymity. - You can see the entire story has diverged into
negativity, right?. - Complexities. Anonymities and Insecurities are
often happened while transacting bitcoin. So, the
success has indirectly resulted in negativity and
the people started to leave from bitcoin network.
By realizing the bad impact, crypto industry
have taken some initiatives to rescue the system,
especially to smoothen the bitcoin payments and
transactions.
4Bitcoin Escrow
- Bitcoin Escrow - The first rescuing concept of
bitcoin industry - which has smashed out all the
hurdles while transactions bitcoins to a third
party. - Bitcoin Escrow is a Service, that helps to build
a secure cryptocurrency eco world, with increased
transaction speed, trust security by protecting
both buyer and seller from scams. Escrow is
already exist in other financial systems,
especially in banking. The concept works as same
in bitcoin industry too.
5Working of Bitcoin Escrow
- The Escrow Works as Below
- 1. Buyer and seller signs an agreement in the
governance of admin for what they are going to
transact with each other. - 2. The agreement would consist of every single
detail about the transactions, which includes
money, time and etc. - 3. After the agreement processed, The seller
sends bitcoins to the admin wallet.
6Working of Bitcoin Escrow
- 4. And the buyer will be notified via email or a
message about the seller have deposited bitcoins.
- 5. After the notifications received buyer sends
payment to the seller. - 6. The seller checks payment and will instruct
the admin to release funds to the buyer - 7. The contract gets closed after the buyer
receives bitcoin from the escrow admin
7How to start Bitcoin Escrow Business
- You can easily start providing escrow service to
various countries, for various crypto related
transactions including ICO, STO with the help of
advanced Bitcoin Escrow Script. Yes, The script
enables you to set up a website/portal where the
buyer and seller can transact their bitcoin by
mediating you as an escrow admin. - But, You are not going to be the first to provide
escrow service, you have to face a lot of
competitors, so your escrow services have to be
unique from others to survive.
8Ways to Boost your Escrow Business
- To know some important strategies about How to
make your Bitcoin Escrow Business or Service a
Unique One , Read this article - Bitdeal Escrow Script To Start Bitcoin Escrow
Service As A Business