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Cryptocurrency Escrow Services: The Safe Way to Trade Crypto

Cryptocurrency transactions are irreversible, making them a prime target for scammers. Unlike credit cards or bank transfers, once you send crypto, you cannot call your bank to reverse the charge. This feature, while ensuring immutability, also creates significant risk in peer-to-peer trading.

Why Crypto Needs Escrow

Escrow services bridge the trust gap in anonymous or semi-anonymous crypto transactions. Whether you are buying Bitcoin, selling NFTs, or trading altcoins over-the-counter (OTC), an escrow service holds the assets until both parties fulfill their obligations.

How It Works

  1. Agreement: Buyer and seller agree on terms.
  2. Deposit: The buyer deposits the crypto or fiat into the secure escrow account.
  3. Verification: The seller is notified that funds are secured and transfers the asset.
  4. Release: Upon verification of receipt, the escrow releases the funds to the seller.

Using Escrow Lab for your crypto transactions ensures that you are protected from non-delivery and non-payment scams, making the crypto ecosystem safer for everyone.

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