The Counos Coin allows cryptocurrency trading. It works within a fully unconventional and individualistic network. It operates a SCRYPT-based algorithm.
Practically, the corroboration of the Counos Coin is generated via Proof-of-work technology in the contour of a user to the user network.
The incentive of Counos Coin is to give the highest standards from a reliability perspective for financial undertakings and payments inter continentally.
Why is Counos Escrow the Safest?
As you know the buyer needs a guarantee that genuine services will be provided and the seller or service provider needs a guarantee that the buyer will pay him exactly what he is entitled to.
Counos escrow accesses peer to peer connection, one party should approve to receive money or goods than another party gradually finished the contract. The important thing is counos escrow agent always controls each comes in between.
It takes money from the client, holds it, informs the provider that money is received and gets the work done and after that, a safe transaction is made. The best part is that each party can introduce a new agent to control this contract.
The conversion of cryptocurrency to fiat and transferring them to your digital wallet is a super easy task with the Counos Platform. They have the license to perform all the transactions such as cryptocurrency to fiat money as well as wallets.
In the case of a big amount of money is intricate, the Counos Escrow is very utilitarian. For example, when somebody wants their goods or services but it is unenthusiastic for them to convey before making sure of payment being made, and on the other hand if somebody wants to buy services and is also grudging to make the payment before making sure of pronouncement.
By using all the major cryptocurrencies, Counos Escrow gives online payment services like Bitcoin, Litecoin and Conous own reliable currencies.
Why Counos Escrow Service?
Counos Escrow Service has one of the main characteristics of cryptocurrency trading. It aims to give the users a top-level of a pledge to manage payments to be secured against any delinquency and the crypto boom to be safeguarded from any expropriation and embezzlement.
The Escrow is a third party that is taking over the role of a warrantor for another third party. The agent of the Escrow safeguards the strength of each party.
The agent also dominates to check that the contractual obligations and fidelity have been satisfactorily fulfilled by following the instructions received.
What currency does the Counos escrow support?
Currently, Counos Escrow supports cryptocurrency trading
You can buy these currencies in return for fiat cash. To do as such, the digital currency holder makes an agreement as to the purchaser. In the agreement terms, the purchaser determines the sum that ought to be sent to it.
At that point, the purchaser moves the measure of cryptocurrency he needs to sell into the MultiSig wallet.
How to Use Escrow Service Effectively?
The service is exclusively limited to the Escrow of cryptocurrencies. When you use Escrow Services, you are capable of summoning parties into a transaction, make a legal unalterable contract and execute payments via the use of Blockchain technologies.
The Escrow Service giver, the buyer and seller create a new shared wallet with their private keys. The new wallet is expanded using Multisig capability.
It will only permit the withdrawal of a balance subject to Escrow when at least two out of three of its creators confirm the outgoing transaction.
Just three signatures are created and the entire trade fee will be deposited in this wallet. In case the buyer and the seller come to final terms with the balance transfer, the cost will be transferred to the seller’s account without the need for a traditional and costly Escrow system.
How Counos Escrow is Different from other Escrow Services:
Counos Escrow differs from various existing escrow services. It is because Counos Escrow gives an increased level of security through the MultiSig wallet technology, which operates the escrow check with three private keys.
The goods will be sent to the buyer, the money will be sent to the seller, who wants to sell their goods or services.
Cryptocurrency trading allows customers to trade cryptocurrencies or digital currencies for other assets. The makers of digital currencies are often independent. Digital currency providers are businesses that keep and administer accounts for their customers.
In the case of transactions, Escrows are very useful. The traditional escrow service is quite difficult and must be obtained through banks and lawyers but Escrow service provides online escrow services at affordable rates. The transaction is safely carried out without the risk of losing money or merchandise due to fraud.
Advantages of Escrow Services:
Escrow services provide a host of advantages for people who choose to transact with it. Escrow ensures that all buyers and sellers are protected equally and their disputes dealt with the utmost concern.
Escrow verifies the funds sent by the buyer and keeps them secure trust escrow account for the seller. The seller ships the merchandise when the buyer has made complete payment to Escrow.
Escrow also tracks your merchandise to make sure that it is delivered in time according to the conditions mentioned in the agreement.
There is no chance of uncertainty or worries as the entire transaction is conducted under the supervision of Escrow’s honest and diligent professionals.
With Escrow’s reliable brand shielding transaction, one can rest assured that their funds are in safe hands, free from fraud.