With so many scams and frauds in the cryptocurrency world, it's difficult to know whom to trust for escrow payment service. however, there are many options out there, but you need to choose wisely. This article will go over some of the most popular bitcoin escrow payment service. These websites have high-security measures in place which means they are safe for you to use with your bitcoins.
What is a Bitcoin Escrow Service, and how does it work? An escrow service is a third-party intermediary that holds the funds for a transaction until the Bitcoins are delivered. Read more about Bitcoin.
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| Best Bitcoin Escrow Payment Service 2023 |
Binance P2P
Binance P2P is great for those who want to trade cryptocurrencies and don't care about meeting up. This is among the best escrow-supported marketplace if you want to trade cryptocurrencies.
Binance P2P also has many rules that protect both the buyer and seller basing on their terms of service agreement. They require few KYC details for buyers however, to be a seller you need to undergo extra KYC verification checks.
Bitify
This is another best bitcoin cryptocurrency website with escrow payment service for those who want to trade cryptocurrencies without having to meet up. With strict security measures and rules that protect both the buyer and seller. This best bitcoin escrow service was originally created for selling items online but then pivoted into a crypto-based best cryptocurrency escrow site. SignUp is quick and easy
LocalBitcoins
You cant exclude LocalBitcoins from the best cryptocurrency websites with escrow services worldwide. The best stuff about LocalBitcoins is the ease with which you can buy and sell in a wide range of payment methods and currencies from over 100 countries, making it simple for you to buy in one place and sell in another. With charges that are lower than those charged by banks.
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| LocalBitcoins- escrow |
It also enables you to obtain the necessary bitcoins in order to pay for services from companies that only accept bitcoins as a form of payment. Their sign up process is easy and few requirements for buyers, however, tone a trader more KYC details is required
Paxful
This is another amazing crypto market with an escrow system to use for buying and selling bitcoins. Paxful uses escrow accounts to protect both the buyer and seller by holding the buyer's Bitcoins in escrow until they receive their item or service, then release payment o the seller. Their sign up process is easy and verification is quick
LocalCoinSwap
This is yet another great cryptocurrency p2p site with an escrow service that you can use to buy and sell cryptocurrencies. This is one of best escrow systems as it caters to those who live in countries where trading fiat currency and bitcoin is prohibited by exchanges or other services.
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| LocalCoinSwap - escrow |
WazirX
WazirX is the largest cryptocurrency exchange in India. WazirX, which was founded in 2018, has grown to become the most trusted cryptocurrency exchange in India. It is a subsidiary of the Binance Group, the world's largest cryptocurrency exchange with users in 180 countries.
This is the best escrow service in India for buying and selling bitcoins between individuals or groups. WazirX escrow service follows the trusted escrow procedures, where escrows are used to protect both buyers and sellers by holding coins in escrow until transactions are completed.
Remitano Escrow
This is another escrow buy and sell service for cryptocurrency traders. Remitano provides Escrow support for buyers and sellers to buy/sell their bitcoins with ease and safely, with a user-friendly UI, friendly online customer support available 24/7, and the lowest fees compared to the market's major players.
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| Remitano Escrow |
conclusion There are many other options out there, but you need to choose wisely to avoid scams and frauds in the cryptocurrency world. It's difficult to know whom to trust for this service. What else do you know about escrow payment services? Let us know below!