Reminder: Reduce Exit Scams By Supporting “Multisig” Markets

less than 1 minute read

Posted by: DeepDotWeb

November 12, 2015

At time like these, when reliable markets decide to shut down, and less-reliable markets decide to exit scam with your BTC (Abraxas Exit scam and Middle Earth Apparent exit scam), its a good time to remind you about the several markets that offer Multisig transactions, for those of you who don’t know what that is, you can read about it here, and try a few practical tutorials from here (market specific tutorial can be found on the markets who utilize Multisig transactions).

By supporting Multisig markets & USING the multisig option on these markets (some enable regular escrow as well) & encouraging vendors to do the same, you are reducing the likelihood of exit scams and reserving yourself the option to finalize transactions even in case of a market getting shut down abruptly, from whatever reason.  No, its not 100% fool proof. But much better than regular, centralized escrow where you have no control over your funds.  The current markets who offer Multisig  transactions are:

Updated: 2015-11-12