Yanance uses robust security measures, including an escrow system, to protect users and ensure safe, fraud-free transactions. Our escrow feature is designed to create a fair and secure trading environment for both buyers and sellers.
Yanance is a peer-to-peer cryptocurrency marketplace supporting spot, futures, and binary options trading. With over 600+ payment methods available, users can easily and securely trade crypto with others worldwide.
How Yanance Escrow Works
When a trade begins, the seller’s cryptocurrency is automatically moved from their wallet into a secure temporary holding account—our escrow. This guarantees that the crypto will only be released once both parties fulfill their part of the transaction.
Note: The escrow holds the total trade amount plus a small escrow fee.
Benefits for Buyers
If you, the buyer, complete the payment but the seller does not release the cryptocurrency, the funds remain in escrow. Our support team will step in, review the dispute, and release the crypto to the rightful party.
Benefits for Sellers
If a buyer fails to complete the payment, your crypto remains protected. The escrowed amount is returned to your wallet, ensuring you're not at risk of loss.
Trade Completion
Once the payment is verified, the seller releases the cryptocurrency from escrow, completing the transaction.