What is a crypto escrow service?
A crypto escrow service like CryptoSafe Escrow acts as a neutral third party to securely hold cryptocurrency during a transaction. Funds are only released when both buyer and seller fulfill their obligations, ensuring trust and safety.
How do I start an escrow?
Sign up on CryptoSafe Escrow, log in, and click "Start Escrow." Enter the transaction details, including the amount and conditions, and deposit the cryptocurrency into our secure escrow wallet. The other party will be notified to join the transaction.
What happens if there’s a dispute?
If a dispute arises, our team at CryptoSafe Escrow reviews the transaction details, including platform messages and evidence provided by both parties. We aim to resolve disputes fairly within 3-7 business days, ensuring the resolution adheres to the agreed terms.
Are there any fees?
Yes, CryptoSafe Escrow charges a small percentage fee (e.g., 1.50%) on each transaction to maintain our secure platform and support dispute resolution. Fees are transparently displayed before you start an escrow.
How secure is my cryptocurrency?
At CryptoSafe Escrow, we use industry-standard encryption, multi-signature wallets, and cold storage to secure your cryptocurrency. Funds are only released when transaction conditions are met, ensuring maximum security.
What cryptocurrencies does CryptoSafe Escrow support?
We support major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and Binance Coin (BNB). More cryptocurrencies may be added in the future based on user demand—check our platform for updates!
How long does an escrow transaction take?
The duration depends on the transaction terms set by the parties. Once both buyer and seller confirm the conditions are met (e.g., goods delivered, payment verified), funds are released instantly. Typically, transactions are completed within hours to a few days.
How does CryptoSafe Escrow protect my privacy?
We prioritize your privacy by encrypting all personal data and using end-to-end encryption for platform messaging. We comply with data protection laws and only collect necessary information. See our
Privacy Policy for details.
What security measures are in place for my account?
CryptoSafe Escrow uses two-factor authentication (2FA), strong password requirements, and security questions to protect your account. We also monitor for suspicious activity and recommend you never share your Code (for escrow release) or password.
What happens if a party doesn’t fulfill their obligations?
If a party fails to meet the agreed terms, the escrow funds remain secure until the issue is resolved. You can raise a dispute, and our team will mediate based on the evidence provided. Funds are either returned or released according to the resolution.
