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RE: Steemit Crypto Academy Contest / S7W1 - Practical Guide on the best way to buy STEEM in India

@lavanyalashman I have some information about him that I want to share with you ,Using an escrow system can help to increase the safety of peer-to-peer (P2P) transactions. An escrow system is a service that holds funds during a transaction and releases them to the appropriate parties once the terms of the transaction have been fulfilled. This can provide an added level of security for both the buyer and the seller, as the funds are not released until the transaction is completed to the satisfaction of both parties.

When using an escrow service, the buyer will typically send the funds for the purchase to the escrow service, rather than to the seller directly. The escrow service will then hold the funds until the buyer has received and accepted the item, or until some other agreed-upon condition is met. Once the condition is met, the escrow service will release the funds to the seller.

Some popular escrow services include escrow.com, PayPal, and alibaba.com. However, it is important to do your own research and choose an escrow service that is reputable and trustworthy.

It's good to have knowledge about the Escrow service provider, their fee, the type of security measure taken for the transaction, and their reputation.

It's also important to keep in mind that even with the use of an escrow service, there is always a degree of risk involved in any P2P transaction. So, always be cautious and do your due diligence when making P2P transactions.

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I know about it and risks involved it too.

Thanks for sharing us. Take care of you.

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