Quote from: chaser15 on October 29, 2016, 11:04:27 AM

Quote from: explekepek on October 29, 2016, 06:22:22 AM

can i ask a question sir? what escrow stands for? thanks. i really dont know what escrow is

Escrow stands a middleman in a certain transaction between two parties. Since they are so called middleman when both parties are dealing with a transaction, they must be trusted.

For a much simply explanation, here is some basic example: Person A selling a product , Person B wants the product. Since no such thing as instant exchange they need to use escrow services to make the transaction deal quite safe. Person B will give the money to the escrow and after that Person A will give the item to buyer. After Person B confirms that all are smooth then the escrow can now give the amount that Person B handed to him.

That's a basic information everyone should know as we are here in the crypto world where you cannot trust your transacting party so you need a more trusted person here although you do not know him/her personally. If you doubt you can also go to a escrow business like a legitimate company.