DeeBit Escrow Q&A – Help Center

What is DeeBit Escrow?

DeeBit Escrow is a third-party fund custody service. During a transaction, the platform temporarily holds the funds and only releases them to the seller once both parties have fulfilled their obligations, ensuring transaction security.

Why use escrow transactions?

Escrow transactions significantly reduce risks by preventing issues such as sellers failing to deliver or buyers refusing to pay, ensuring a fair and secure environment for both parties.

Is my money safe during escrow?

Yes. All funds are securely held in DeeBit’s dedicated escrow account. They are only released automatically after both parties confirm the completion of the transaction, ensuring maximum protection.

What payment methods are supported?

DeeBit Escrow currently supports USDT payments only, allowing users to complete transactions using the most widely adopted stablecoin.

What if there’s a dispute in the transaction?

If a disagreement arises, DeeBit will intervene to investigate. Funds will only be released based on evidence and platform rules through a fair arbitration process.

What types of transactions does DeeBit Escrow support?

DeeBit Escrow can be used for crypto-to-crypto trading, OTC deals, and transactions involving real-world assets, providing safety across different scenarios.

Does DeeBit Escrow charge a fee?

Yes, a small service fee is charged to maintain the platform. All costs are displayed upfront before the transaction begins, with no hidden charges.

How long does an escrow transaction take?

The duration depends on how quickly both parties fulfill their obligations. In most cases, escrow transactions are completed within minutes to a few hours.

Is KYC required to use DeeBit Escrow?

For certain transactions depending on size and type, basic KYC verification is required to ensure compliance and enhance transaction security.