Escrow is money/property held in trust by a third party company or platform to be turned over upon fulfilment of an agreement or contract. Escrow is a legal concept in which a financial instrument or an asset is held by a third party on behalf of two other parties that are in the process of completing a transaction.

The funds are held by the escrow agent until it receives the appropriate instructions or until predetermined contractual obligations have been fulfilled. Money, securities, funds, and other assets can all be held in escrow. When parties are in the process of completing a transaction, there may come a time when it is only interesting to move forward for one party if it knows with absolute certainty that the other party will be able to fulfil its obligations. This is where the use of escrow comes into play.

For example, a company wants to sign up with a pr agency who will be selling public relation services. The company wants to be certain that the public relation campaign must be delivered and want to pay the amount once the campaign is finished. The company can place the funds in escrow with bitxoe platform and give irrevocable instructions to disburse them to the agency delivers the assignment. This way, both parties are safe, and the transaction can proceed.
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A platform which works as a neutral third party that provides financial protection like a bitcoin transaction for both Buyers and Sellers. For every escrow transaction on our platform, we collect, hold and disburse funds according to sales terms.

Transactions are created only on our platform along with certain terms which must be agreed to by both parties.

With the Bitxoe escrow platform, your money is 100% safe and protected from being scammed. Our escrow platform makes sure you get what you pay for and you get paid for what you deliver. As long as you deliver on the terms of the sale the money.

In the case of a seller, card transactions and banking payments can be reversed or disputed leaving you out of pocket. In the case of a bitcoin transaction, it is very difficult to get your money back once you’ve sent the money as it can’t be reversed.

You can verify your company with Bitxoe, We will display your company's name on our escrow partner page plus you will get an escrow partner badge which you can display on your website. You must verify your company with your Bitxoe account with your own ID through the normal ID verification process.

The transaction fees we charge per transaction is 0.5%. This fee includes the minors fee that occurs when transferring bitcoins from one address to another. In this case, the funds are transferred from your wallet to our escrow system.

The fee is immediately charged when the transaction is created. Therefore, if there are refunds or cancellation of the transaction, the fee charged is not refunded. This is to ensure that our escrow system does not get busy with transactions that are getting cancelled and to compensate for our escrow service that was used for a transaction.

The Bitxoe transaction fee may be paid by the Seller, or the Buyer, or by both in a 50/50 split. Both users must agree upon the distribution of escrow fee before the transaction is finalised.

The users can deposit any amount.

For every user without approved KYC

Minimum withdrawal/deposit will be BTC 0.005

A user can request a minimum BTC 0.25 per withdrawal and with a daily limit of BTC 1.5

For every KYC approved user

There isn’t any withdrawal limit.

You can request withdrawal in every 3 Minutes.