Escrow my Bits: Difference between revisions
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An escrow service that allows safe trading by securely holding buyer's funds in escrow until the terms of the sale are met. | An escrow service that allows safe trading by securely holding buyer's funds in escrow until the terms of the sale or services are met. Users can also select a judge, or allow Escrow my Bits to act as the judge. In the case of any dispute the judge can rule in favor of the buyer, seller, 50/50 split, or a custom split. | ||
==Fees== | ==Fees== | ||
| Line 7: | Line 6: | ||
==Types of Escrow== | ==Types of Escrow== | ||
Escrow my Bits offers | Escrow my Bits offers 4 different types of escrow transactions: | ||
#Regular escrow | #Regular escrow | ||
#* Funds are | #* Funds are securely by Escrow my Bits | ||
#Regular escrow with a pegged exchange rate | #Regular escrow with a pegged exchange rate | ||
#* Funds are held in a | #* Funds are held in a Coinapult multi-signature address in an account that Escrow my Bits controls | ||
#* Can choose from | #* Can choose from any currency Coinapult supports | ||
#Multi-signature escrow | #Multi-signature escrow | ||
#* Funds are | #* Funds are held in a 2 of 3 multi-signature address where each party controls one key(Buyer, seller, Escrow my Bits) | ||
#Multi-signature pegged escrow | |||
#* Funds are held in a 2 of 3 multi-signature address where each party controls one key(Buyer, seller, Escrow my Bits) | |||
#* Funds can be pegged to fiat values using Nubits | |||
==History== | ==History== | ||
Revision as of 00:32, 15 January 2016
An escrow service that allows safe trading by securely holding buyer's funds in escrow until the terms of the sale or services are met. Users can also select a judge, or allow Escrow my Bits to act as the judge. In the case of any dispute the judge can rule in favor of the buyer, seller, 50/50 split, or a custom split.
Fees
The service charges a 1% escrow fee which includes potential dispute resolution.
Types of Escrow
Escrow my Bits offers 4 different types of escrow transactions:
- Regular escrow
- Funds are securely by Escrow my Bits
- Regular escrow with a pegged exchange rate
- Funds are held in a Coinapult multi-signature address in an account that Escrow my Bits controls
- Can choose from any currency Coinapult supports
- Multi-signature escrow
- Funds are held in a 2 of 3 multi-signature address where each party controls one key(Buyer, seller, Escrow my Bits)
- Multi-signature pegged escrow
- Funds are held in a 2 of 3 multi-signature address where each party controls one key(Buyer, seller, Escrow my Bits)
- Funds can be pegged to fiat values using Nubits
History
The site was launched on Septemeber 17th, 2014[1].
See Also
External Links
- Escrow my Bits web site