​What is an escrow?​

What is an escrow?

An escrow is a legal/financial arrangement where a third party holds an asset on behalf two parties involved in a transaction. It is a method that ensures a secure transaction because the asset in question is released only after the agreed terms have been met. BuyCoins provides escrow services for all Bitcoin transactions. This means that all cryptocurrency intended for sale and payments for cryptocurrency are first deposited by the sellers/buyers who create Trade Ads, held by BuyCoins, and then dispensed to the appropriate buyers/sellers who respond to Trade Ads.


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