Hodl Hodl – a global P2P cryptocurrency exchange that doesn’t hold users funds – recently enabled 2 out of 3 multisig escrow contracts on its platform.

The blog post states that everyone can now trade using 2 out of 3 multisig escrow. In contracts of this type, 2 keys are required for a release, and in total there are 3 keys to escrow: one belongs to the seller, one to the buyer, and one to Hodl Hodl.

During each trade, Hodl Hodl generates a unique multisig escrow cryptocurrency address, this is where the seller locks the funds, and then buyer sends the fiat according to the agreed upon payment method. Afer that the seller confirms he has received the payment and finally releases funds from escrow directly to the buyer’s wallet.

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