Bitcoin Trade without Fear:
Since bitcoin is a new kind of platform, People are getting fear about investing their money in bitcoin. people thinks that bitcoin anonymity can cause a loss.
Here what you all have to understand is bitcoin enables more security features, all you need to do is learn them & try to utilize them properly!
In Many countries, bitcoins are already accepted as legal payment system. But.. still more than billions of people afraid to trade with bitcoin. Because they have more questions about “how to Sell/buy a bitcoin? and how to make trust on other people while making a bitcoin trade?” So to avoid such fear, bitcoin enables escrow services..!
Bitcoin Escrow Services:Escrow service is a financial arrangement between two parties, where a third party mediates and control the transaction with more secure hands. Initially the buyer & seller need to sign an agreement. And the final transactions will be held only after checking whether the requirements are meet each other.
Can the seller cancel escrow after the buyer makes payment?
No.., it is not at all possible! Once you have marked the payment is made, Then the seller can't able to cancel the currency transaction, only the buyer can do. But the main important thing is buyer has to double check where the escrow account is funded with bitcoin. If the seller did not release after the payment, Then he'll be imposed to pay an amount for delay!
How long will it take to transfer the bitcoins?
The first top level secured thing is “escrow account has to be funded”. Bitcoins have to taken out of sellers wallet and to store in a buyers wallet. Bitcoins will be released only after checking the payment. And if everything is okay, then the bitcoin's will be released to the buyer's wallet. it'll take a few seconds deduct the coins from sellers wallet.
What will happen if something goes wrong with bitcoin trades?
If anything goes wrong in transaction, escrow admin will step in and mediates the trade. Buyer & seller are free to contact the escrow party to ask about the currency transaction details.
Is it possible to create a bitcoin escrow application?
Coinjoker provides a secured escrow script to start a bitcoin escrow application. The admin of the escrow website can collect a fee from both the buyer and seller for every successful transaction. Give a try with our advance escrow script & become a bitcoin billionaire.
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