Escrow my Bits: Difference between revisions
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* [https://Escrowmybits.com Escrow my Bits] web site | * [https://Escrowmybits.com Escrow my Bits] web site | ||
* [https://bitcointalk.org/index.php?topic=1339503.0;topicseen] Bitcointalk thread on Escrow my Bits trust | |||
==References== | ==References== | ||
<references /> | <references /> | ||
[[Category:Escrow services]] | [[Category:Escrow services]] | ||
Latest revision as of 21:41, 4 March 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
- [1] Bitcointalk thread on Escrow my Bits trust