Escrow Service

Our escrow service is 100% safe because we ensure constant availability of CoinsBid escrow agents during all P2P trades.

When you open a trade; a chat room is automatically created with the presence of an admin, buyer and the seller. The seller and buyer reach an agreement while the escrow agent (admin) acknowledge payment from buyer & instruct seller to release coin/item.

The seller is instantly credited upon the confirmation of receipt of an item/coin by the buyer. The deal is done & everyone is happy. No regret. No lose. No stress whatsoever!

Below are our escrow fees👇👇

Transaction between 5,000-25,000 is NGN250

Transaction between 26,000-70,000 is NGN400

Transaction between 71,000-100,000 is NGN550

Transaction worth NGN101,000 & above attracts 0.5% escrow fee

For instance, 0.5% of 200,000 is calculated by👇

0.5÷100×200,000= 1000

To convert % to NGN

Divide the percentage by 100 then multiply by total amount in naira, the answer is the escrow fee. The escrow agents are always available to assist you with the calculation.

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