kiwikiwifly.com now accept the bitcoin escrow service for the transaction between the buyers and sellers.

 
 kiwikiwifly.com now accept the bitcoin escrow service for the transaction between the buyers and sellers! It's more secure to rely on the open source code by global developers than single team or company.
 
   you can go to www.bitcoinescrow.ga  to get step by step turorial .
 
How does 2 of 3 Bitcoin Escrow work? Here is the simple tutorial for beginners 
In Simple Infographic Representation
 

 
 
 
Our 2 of 3 Bitcoin Escrow service uses Bitcoin's multisignature function. There are 3 participants in this escrow service. A buyer, a seller and a mediator. All the transaction online and through https://bitcoinescrow.ga/.

1. Any one of the three participants can generate an escrow address (and a redeem script) by adding the public key of all three participants. The mediator's public key can be selected from the list of mediators option. Alternatively, you can leave this whole process to the mediator for a smooth transaction.

If you don't have a public key, you can generate your own key combination (an address, a public key and a private key) using the  New Address tab.
NOTE: Never share your Private Key to anyone else. If you do, you would lose your bitcoins! They can sign the transaction on your behalf and redeem all the coins to their address.

 
 
2. To confirm the correctness, the redeem script can be verified here   .

3. Once the redeem script is verified, the seller can send the Bitcoins to the newly generated escrow address.

4. Once the coins are received into the escrow address, it means the coins are locked into the escrow (meaning, it cannot be released without any of the 2 participants signing the transaction). To confirm if the coins are received in the escrow address, simply check the balance in any Blockchain Explorer .

5. Now that the coins are locked, the buyer can transfer the money and share the details of the same to the mediator and the seller. The seller confirms the completion of the money transfer.

6. The mediator then initiates the unsigned raw transaction using the Transaction tab here by loading the redeem script, adding the total amount (minue the network fee) and entering the Bitcoin address where the buyer wishes to receive the coins. The mediator then shares the unsigned raw transaction to the buyer.

7. The buyer signs the raw transaction using the sign tab with his/her private key. This generates a new 1st signed raw transaction. The buyer then shares the 1st signed raw transaction with the seller/mediator for their signature. Now either the seller or the mediator can sign the 1st signed raw transaction by repeating step 7. This will generate the 2nd signed raw transaction.

8. The 2nd signed raw transaction can then be broadcast to the main network using Broadcast tab which will generate a new Transaction ID (TX ID). You can use Blockchain Explorer to check the status of the Transaction. This confirms the completion of the escrow transaction
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