Are you interested to launch Bitcoin Escrow website script ?

Bitcoin Escrow Script is a website script, that can be written in any programming language, like JAVA, HTML, PHP, MEAN Stack, LAMP Stack,.
Sellbitbuy, a bitcoin exchange development company, that helps startups to initiate bitcoin escrow services like bitraded, escrowmybits, localbitcoins,setescrow,bitify and etc.

Overview of Bitcoin Escrow in Trading.

This Bitcoin Escrow Script helps to set up a secured p2p crypto exchange website like localbitcoins, where a buyer and seller can smoothly transact their bitcoins fastly without any breakthrough.
In case of any trading chaos happens, the buyer, or seller can call for the dispute resolution with the governance of escrow admin. 


Drawbacks of Bitcoin Exchange Without Escrow.

In some exceptional cases, the seller may run off after receiving payment, and in some cases, the buyer may run off without sending the payment. If this happens, outside of exchange both sides may be left as helpless and will result in huge losses also they can’t legally pursue a case as bitcoin is decentralized.

By analyzing the hooks in crypto Exchanges has taken some initiatives to pull through the system, especially to embellish the bitcoin payments and transactions. 

To overcome the drawback of bitcoin exchange, there comes Bitcoin Escrow - The bring through the concept of bitcoin exchange in which it has fuddled out track event while transacting bitcoins to a third party.

What is Bitcoin Escrow?

Bitcoin Escrow is an admin, that helps to build a secure cryptocurrency platform, with efficient transaction speed & trustworthy transactions by protecting both buyer and seller from scams. Escrow already exists in other financial systems, like banking.

How does bitcoin escrow works? 

Escrow mediates the fund transaction between a buyer and a seller. Whereas the escrow may be a third party admin, and nowadays smart contracts have replaced the need of admins. 

The Escrow integrated transaction :

1. The buyer and seller come to an agreement in the governance of admin for the transaction they are going to make.

2. The agreement contained the detail of the transactions, like  money, time and etc

3. After the agreement initiated, a seller needs to send bitcoins to the escrow wallet.

4.  the buyer will be notified via email or a message about the process initiated at the seller side. 

5. After receiving notification buyer sends cost to the seller. 

6. The seller checks payment and will notify the admin to release funds to the buyer

7. The contract between them exit after the buyer receives bitcoin from the escrow admin

Merits of Escrow script

The escrow wallet has a multi-sign wallet where it has 3 keys,
Seller key, buyer key, and admin key
 
The wallet which the escrow admin hold is designed to unlock when all the three keys are matched.  

So, no one of them can have access to open the wallet without getting permission from the other two peoples. 

The buyer has to make the purchase from an escrow enabled bitcoin transaction portal. Here the escrow will release payment to the seller after the product is received at the buyer side.

You can easily start launching escrow service for various crypto-related transactions including ICO, STO with the help of high-tech Bitcoin Escrow Script.

Yes, the script enables you to set up a website/portal where the buyer and seller can transact their bitcoin by mediating you as an escrow admin. 

How to make your escrow services an efficient one?

Escrow multi-signature wallet 

A multi-signature escrow wallet is an excellent way to provide additional safety to both buyer and seller in a bitcoin exchange platform.

White label solution

A white label solution is used to set your own bitcoin price, select the type of language, customize your website with your design logo, and brand awareness.

KYC and AML verification

In bitcoin exchange platform also have two types  Know your customer(KYC) and Anti-money laundering(AML) method to collect the trader information.

Analytics report 

You can collect the bitcoin transact history. Our special analytics can help you to take a detailed report of your bitcoin exchange business performance. 

Are you looking to start a bitcoin escrow exchange website and Get touch with Sellbitbuy, We are available at any time to help your business growth.  
Fill the Form ->> To Get the live demo of bitcoin escrow script  
Contact details:
Mobile: +91 8015204845
Email:support@sellbitbuy.net
Skype : support_60864 


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