Bitcoin Escrow Script - Start Your Own Bitcoin Escrow Business Instantly
Sellbitbuy is a software company provides bitcoin escrow script to start profitable bitcoin exchange website like localbitcoins,remitano,paxful, etc.
Let's have a discussion about Why bitcoin escrow is needed in bitcoin exchange platform? What are the features available in our bitcoin escrow script?
An Overview of escrow
The escrow means a trustworthy person on the website. Where buyer and sellers depend on one vendor on the website or escrow act admin for the website.
In an e-commerce website, the seller wants to sell the item he/she can post an advertisement according to the product. Another side, The buyer can search the item through seeing the seller post ad, location, price of the product, etc. Then, a buyer can pay money to buy an item.
In some cases, if the is any problem between two parties where buyer can't send the money to the seller account or buyer can't receive the item.
The escrow came to solve the problem between two parties through online chat or free support call.
Why Bitcoin escrow is needed in bitcoin exchange industries?
The cryptocurrency industries first newborn baby is a bitcoin. The people use bitcoin is an indisputable payment option in everywhere around the globe. We need more concentrate, In bitcoin exchange platform network because they connected a huge number of bitcoin trader in a single platform. So, we need an admin or authorize a person to maintain the platform without any problem.
How a bitcoin escrow becomes a shield for the buyer and seller in a bitcoin exchange platform? Let’s see below,
In bitcoins exchange platform, the will be two processes to transit bitcoins.
1. Buyer sends payment verification slip to the seller in series to get a bitcoin in the wallet.
2. Seller sends bitcoin for the received payment slips through the buyer wallet.
In this process, two main people are buyer and seller at any time any of them may become a scammer in many cases.
What is the solution to avoid this problem? below, we explained step by step process
The new seller can create an advertisement according to their chosen location, type of payment to match the correct buyer.
Another side, the nearest buyer can receive the notification about the new seller ads in bitcoin exchange platform.
When the advertisement created successfully the seller bitcoin will automatically deposit in an escrow wallet.
Once the seller meets the buyer in a bitcoin exchange platform they can easily interact through the online chat.
The seller receives the payment verification slip and he/she can click the release button automatically bitcoin will send to the buyer wallet from escrow wallet.
The escrow will take 1% commission or transaction fees after the whose ads exactly match for trade.
The is a lot of revenue channels, we keep adding it on to our bitcoin escrow script like banner ads from other company to your website. Because we believe that one business revenue model does not bring success.
What are the features in our bitcoin escrow script?
Sellbitbuy provides advanced bitcoin escrow script with more technical features. The bitcoin escrow script support to set up a bitcoin exchange platform you can show your uniqueness to another competitor in the crypto marketplace.
The bitcoin escrow script includes all following features
Escrow multi-signature wallet
A multi-signature escrow wallet is an excellent way to provide additional safety to both buyer and seller in a bitcoin exchange platform. Most multi-signature escrow wallets need at least two different signatures to move funds or crypto to the buyer wallet
White label solution
A white label solution is used to set your own bitcoin price, select the type of language and you can change the design layout of the bitcoin exchange website. You can change the logo for your bitcoin exchange website to improve brand awareness.
KYC and AML verification
If you are going to the office without an id card or traveling abroad without a passport and boarding pass. How people can identify you? likewise, In bitcoin exchange platform also have two types Know your customer(KYC) and Anti-money laundering(AML) method to collect the trader information. It is the official method strictly assigned to every exchange at the moment. According to the survey data, 90% bitcoin exchange platform has implemented this regulation in their platform.
How many new traders registered in your bitcoin exchange platform? You can collect the bitcoin transact history. Our special analytics can help you to take a detailed report of your bitcoin exchange business performance.
Are you looking to start a bitcoin escrow exchange website and Get touch with Sellbitbuy, We are available at any time to help your business growth.