RATE Group | Check These Five Bitcoin Escrow Services You Could Use in 2020
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Check These Five Bitcoin Escrow Services You Could Use in 2020

08 Mar Check These Five Bitcoin Escrow Services You Could Use in 2020

Posted at 12:47h in Bitcoin News by

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Check These Five Bitcoin Escrow Services You Could Use in 2020 101
Source: iStock/Bet_Noire

Making larger bitcoin (BTC) transactions for business or other purposes can be daunting – and that is why many choose to make use bitcoin escrow services. Simply put, these can help you ensure that you only part with your coins after all aspects of your agreement have been met.

But are bitcoin escrow services all they are cracked up to be? And which ones are gaining traction in 2020?

Down to brass racks: what is an escrow service?

An escrow service is provided by a third party, who can temporarily hold and regulate payment in a transaction, ensuring that both involved parties adhere to the terms of their arrangement.

Once all terms of the agreed transaction have been met, the escrow service provider will authorize the payment.

Effectively, escrow exists to ensure that large payments are processed in a timely manner, and according to pre-agreed terms.

Traditionally, banks and other financial institutions have provided escrow services. Nowadays, you…

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