Escrow my Bits

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.

• 1 Fees
• 2 Types of Escrow
• 3 History
• 4 See Also
• 5 External Links
• 6 Source

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.

See Also on BitcoinWiki

• Secure Trading

External Links

• Escrow my Bits web site
• [1] Bitcointalk thread on Escrow my Bits trust

Source

http://bitcoin.it/