Silk Road forums

Discussion => Newbie discussion => Topic started by: raveart on March 03, 2013, 02:55 pm

Title: Need help on ESCROW
Post by: raveart on March 03, 2013, 02:55 pm
Hello everyone,

I am just new to SR and i was just going on doning all the necessary things required to start buying in SR. I have registered ESCROW , MT.GOX, Bitcoin OTC, Bitocoin-24 as of now. I would like to know is it safe giving my personal info in escrow since i have to do wire transfer to escrow for any of my transaction, and through escrow i am buying stuff from SR is it going to be creating more chances to get caught.

If any one can help me with the process of ESCROW after doing the wire transfer it will be really helpfull, since confusing me a bit.. Looking forward to everyones help and guidelines.

Cheers,
Raveart
Title: Re: Need help on ESCROW
Post by: jägermeister on March 03, 2013, 03:16 pm
hi,
if i get you right then you're saying you have registered with some independent escrow service somewhere on clearnet?
if that's the case then you won't be needing that - "escrow" is just a term designating a third party, in our case silkroad, that is going to supervise your transaction, e.g. buying drugs for bitcoins
(meaning your bitcoins are under lock and key with SR until you receive your package -> after you receive, you are supposed to "finalize" your order, thereby releasing the funds from escrow into the vendors account - but you'll do all of that via silkroad)

the only service recommended apart from silkroad is one for the purpose of buying bitcoins, e.g. bitcoin-24 as mentioned by you, which you will then have to transfer into your silkroad wallet