CRYPTO Escrow Locker Overview
When dealing with high-value cryptocurrency transfers, trust and security are paramount—especially when transacting with someone you don’t know. The Crypto Escrow Locker Service from Title App offers the ultimate safeguard for large crypto transactions. With multi-party release features, multi-sig wallets, and digital notary verification, your funds remain secure until all parties agree to the terms.
How the Crypto Escrow Locker Works:
- Multi-Sig Wallet for Transaction Security: A multi-signature (multi-sig) wallet is created for each transaction, requiring approval from multiple parties before funds are released. This ensures that both the buyer and seller must agree before any crypto can be transferred, providing complete transparency and protection.
- Digital Notary Verification: To further enhance security, the transaction includes a digital notary who verifies the identity of both parties, ensuring that the people involved are legitimate. This extra layer of verification reduces the risk of fraud.
- Multi-Party Release Conditions: The multi-sig wallet requires approval from all parties involved, including a third-party notary, to release the funds. This ensures that the transaction is only completed when all conditions have been met, providing both sides with peace of mind.
- Blockchain-Backed Proof:
Once the transaction is finalized, Title App provides blockchain-backed proof of completion, ensuring that the terms of the transaction and the release of funds are permanently recorded and tamper-proof.
Why Use The Crypto Escrow Locker?
- Security You Can Trust: With a multi-sig wallet and digital notary, your crypto is held securely until the transaction is complete, eliminating the risks associated with large transfers between unknown parties.
- Flexible Transaction Terms: The escrow process allows for customized conditions before funds are released. Whether you need verification of assets, additional document checks, or approval from third parties, our platform can accommodate your specific needs.
- Blockchain Transparency: Every step of the transaction is recorded on the blockchain, creating a permanent, tamper-proof record that ensures all parties can verify the transaction’s legitimacy at any time.
- Global Transactions Simplified: Whether transacting across borders or dealing with unknown parties, the Crypto Escrow Locker Service simplifies complex transactions, making it easy to transfer large amounts of cryptocurrency safely and securely.
How does it work?
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Simply click the "Buy Product" button on the product page, provide your basic details, and follow the prompts to upload key information.
What is a Real Estate Digital Title Certificate?
A Real Estate Digital Title Certificate (DTC) is a secure, blockchain-based proof of ownership for real estate. It replaces traditional paper titles with a digital certificate that is verifiable and tamper-proof. The DTC provides a transparent and efficient way to manage property ownership, ensuring that the title remains secure and easy to transfer.
What is the Escrow Locker Service?
The Escrow Locker is a secure, automated service for buying and selling assets. It holds funds until all conditions are met and then transfers ownership via the DTC to the buyer. The service handles everything from ID verification to digital notarization and payments, based on the complexity of the transaction.
How does the escrow process work?
Both the buyer and seller agree on the terms of the sale. The Escrow Locker holds the funds in USDC or USDT. After the terms are met, such as ID verification or a digital notary check, the funds are released to the seller, and the DTC is transferred to the buyer.
Can I use a credit card or wire transfer?
Yes, if you don’t have USDC or USDT, you can also pay using a credit card or wire transfer. Please note that using these payment methods includes a small additional processing fee.
How are fees calculated for the Escrow Locker?
The fee for the Escrow Locker is flat-based, not percentage-based, and depends on the complexity of the transaction. Factors like the type of ID check, whether a digital notary is needed (e.g., for artwork, real estate, or vehicles), and the complexity of documentation all influence the final fee.
What assets can I buy or sell using the Escrow Locker?
You can buy or sell any asset that comes with a Digital Title Certificate (DTC), including bikes, cars, boats, planes, real estate, artwork, jewelry, pets, livestock, and more.
How does ownership transfer work for assets with Title App tracking services?
When you sell an asset with tracking (e.g., a car or pet), the TRAKI GPS service or TITLE TRAK real estate service transfers to the new owner automatically, if they choose to subscribe. The new owner can continue monitoring the asset through their own subscription.