Difference between revisions of "Escrow my Bits"

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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.  
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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 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==
  
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==Types of Escrow==
 
==Types of Escrow==
  
Escrow my Bits offers 3 differnt types of escrow transactions:
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Escrow my Bits offers 4 different types of escrow transactions:
  
 
#Regular escrow
 
#Regular escrow
#* Funds are held by Escrow my Bits until the buyer releases the funds or a dispute is filed. If a dispute is filed the winner of the dispute receives the funds
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#* 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 Bitreserve card that Escrow my Bits controls
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#* Funds are held in a Coinapult multi-signature address in an account that Escrow my Bits controls
#* Can choose from over 5 fiat currencies and assets
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#* Can choose from any currency Coinapult supports
 
#Multi-signature escrow
 
#Multi-signature escrow
#* Funds are not held by Escrow my Bits but by a 2 of 3 multi-signature address
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#* Funds are held in a 2 of 3 multi-signature address where each party controls one key(Buyer, seller, Escrow my Bits)
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#Multi-signature pegged escrow
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#* Funds are held in a 2 of 3 multi-signature address where each party controls one key(Buyer, seller, Escrow my Bits)
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#* Funds can be pegged to fiat values using Nubits
 
==History==
 
==History==
  
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* [https://Escrowmybits.com Escrow my Bits] web site
 
* [https://Escrowmybits.com Escrow my Bits] web site
 
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* [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:

  1. Regular escrow
    • Funds are securely by Escrow my Bits
  2. 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
  3. 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)
  4. 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

References