When you want to buy something with Bitcoin, you need to have a place to store your Bitcoin until the transaction is complete. This is where escrow comes in.
Escrow is a third-party service that holds onto the Bitcoin until the transaction is complete. This assures both the buyer and the seller that the Bitcoin will be there when it is needed.
If you are buying something with Bitcoin, you will send your Bitcoin to the escrow service. The seller will then send the item to you.
Once you have received the item and are happy with it, you will tell the escrow service to release the Bitcoin to the seller. If there is a problem with the transaction, you can dispute it with the escrow service and they will help resolve the issue.
Escrow services are a great way to buy and sell items with Bitcoin without having to worry about losing your Bitcoin or being scammed. There are many reputable escrow services available, so be sure to do your research before choosing one.