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/