Is it possible to deactivate escrow for cryptocurrency trades and if so, how?

3 answers

• Hamed ZakJun 28, 2020 · 5 years ago
  Yes, it is possible to deactivate escrow for cryptocurrency trades. However, it's important to note that escrow provides an added layer of security and trust in transactions. If you choose to deactivate escrow, you may be exposing yourself to a higher risk of fraud or disputes. It's recommended to carefully consider the potential consequences before making a decision. If you still want to proceed, you should reach out to the specific platform or exchange you're using for trading and inquire about their escrow deactivation process. Each platform may have different policies and procedures in place, so it's best to directly contact their customer support for guidance.
  673

  337
• Penn AghanguMar 10, 2022 · 3 years ago
  Sure, you can deactivate escrow for cryptocurrency trades. But why would you want to do that? Escrow is designed to protect both buyers and sellers by holding funds in a secure manner until the transaction is completed successfully. By disabling escrow, you're essentially removing that layer of protection and increasing the risk of fraudulent activities. It's highly recommended to keep escrow enabled for your own safety and peace of mind. If you have any concerns or issues with the escrow process, it's best to contact the customer support of the platform or exchange you're using for assistance. They will be able to guide you through any questions or problems you may have.
  680

  227
• Clemmensen HertzApr 05, 2023 · 2 years ago
  Yes, it is possible to deactivate escrow for cryptocurrency trades. At BYDFi, we understand that some experienced traders may prefer to have full control over their transactions. While escrow provides an extra level of security, we respect the choice of our users. To deactivate escrow, simply go to your account settings and look for the escrow options. Keep in mind that disabling escrow means you'll be solely responsible for any risks associated with the trade. We recommend carefully considering the potential consequences before proceeding. If you have any further questions or need assistance, feel free to reach out to our customer support team.
  653

  164