Digital currencies have taken hold of the world within a really short time being accepted as means of payment across various sectors of life via different payment platforms. With this innovation comes a consensus of opinion of long-time traders and experts in the area of digital currencies that insecurity remains a major challenge. Insecurity in the world of digital currencies has largely been influenced by the ignorance of many actors in the ecosystem making it necessary for the services of escrow managers to be employed.
Escrow managers are third parties to a transactions making use of digital currencies, but whose expertise and transparency is needed to secure transactions between buyers and sellers of Bitcoin in such a way as to avoid any scam or irregularities as may cause either party to suffer loss.
Testing the Credibility of Escrow Services
While there are many advantages that come with hiring the services of escrow managers when trading Bitcoin, it is very important to note that the digital world is filled with quite a number of individuals who look to break into firewalls and scam people of their money. Sometimes, these people pose as escrow managers and as such, it is important to test for credibility.
- Verify the transparency of the platform providing such escrow services. Many bitcoin trading platforms have included in their services escrow managers to moderate transactions between buyers and sellers. The credibility of these platforms is key to the credibility of its escrow services. Good examples of credible bitcoin platforms include Escrow100.com Bit Trust, BitQuick and Escrow my bits
- Look into reviews and ratings of previous services. Research plays a major role for success in the cryptocurrency marketplace. A good way to test the transparency of escrow services is to look into the reviews and ratings of various platforms, escrow managers and the services they have offered to traders over time. BitTrust as a Bitcoin trading platform has its credibility being validated by numerous positive reviews and high ratings. BitQuick also provides qualitative escrow services to traders making their transactions more secured.
Bitcoin’s marketplace requires that you take adequate steps to ensure your transactions are well secured especially when you have to employ the services of escrow managers. This is because as much as you do not trust the other party you want to trade with, you also should not trust the escrow service provided, except it has passed the credibility test and you are assured of a secured transaction free from any scam. Jacob Josefson Jersey Jordan Akins Womens Jersey Pharoh Cooper Womens Jersey Tyler Eifert Authentic Jersey