Streamlining Cryptocurrency Trade through DeFiEscrow

3 min readAug 9, 2021

We have streamlined the monitoring of decentralized financial transactions thus we can ensure our users have funds that are free from interventions and enable automated and smart contracts.

Innovation is at the forefront of DeFiEscrow and it addresses most of the concerns of P2P marketplaces. Some of the solutions DeFiEscrow tackles are scammers, unreliable customer service, scarcity or real-time support, intrusive personal information details.

All of this is done with the help of the Solana blockchain. With the assistance of the Solana blockchain users can enjoy end-to-end encryption, non-custodial trading, an on-chain escrow, and all of this comes with a user-friendly interface.

How to Use the DeFiEscrow System

Our simple and easy-to-use system can be accessed by going straight to the home page. If you are a new user you can navigate or search for our buying and selling offers on the website. The great thing about our app is anyone can post an offer to sell or buy cryptocurrency. There are various filter options available that consist of currencies, payment methods, the popularity of the asset, and location. Once you have found the asset you are interested in you just need to register and start trading.

The Trading Process

The seller of the cryptocurrency will have to deposit the selected cryptocurrency in an escrow account. The buyer and seller will then communicate via encrypted messages the sensitive information needed to process the payment; the buyer can directly pay the seller without the need of the DeFiEscrow platform. The crypto in the DeFiEscrow account will only be released once the buyer sends the payment to ensure traders hold up their end of the deal.

When conducting payment for the cryptocurrency you can meet the buyer in person or opt for a bank transfer, use PayPal, Venmo, Wechat, or whatever payment method you prefer.

Advantages of Trading with the DeFiEscrow System

Trade the top 100 cryptocurrencies for bitcoin
Minimal exchange fees on gift cards
Unlimited trades
No leniency for scammers
No bonds

Growth of P2P Marketplaces

More traders are opting to trade with a private peer-to-peer system. Over the last couple of years, peer-to-peer marketplaces have seen amazing growth in revenue year on year. Some of the major players in the P2P marketplace like LocalBitcoins and Paxful have recorded significant growth in a short amount of time. This is good news for DeFiEscrow because the more people adopt the peer-to-peer system the more viable the DeFiEsCrow will become.

Closing Thoughts

DeFiEscrow has really brought about new ways to trade peer-to-peer. It has eliminated the need for intermediaries like banks or brokerages. With online blockchain technology, online cryptocurrency trade has been simplified and DeFiEscrow has streamlined the process and made it accessible to everyone. Furthermore, you are covered in case of fraud because your funds are secured in an on-chain escrow account. This is far safer when compared to traditional banks and other forms of payment system.

For more information, check our website at www.defiescrow.online.