A swap is a trade where both sides deliver crypto. The usual problem is that one of them has to send first. On iEscrow, nobody does: each side deposits into an escrow wallet that iEscrow controls, and the release only happens when both deposits are complete.
How it works
- 1Open the trade: from a Marketplace listing, or as a private escrow with someone you know. Choose crypto on both sides, for example BTC for USDT.
- 2Each side chooses the network it will send on. They can be different: BTC on Bitcoin on one side, USDT on Tron on the other. The escrow creates one wallet per side and per network.
- 3Both sides deposit, each to their own escrow wallet. The trade shows when each deposit was seen on the chain and when it has enough confirmations.
- 4When both deposits are in, the escrow releases both at once: each side receives the other's crypto in their iEscrow balance.
If only one side deposits
Both sides have 30 minutes to deposit. If the time runs out and only one deposit arrived, that deposit is refunded to the side that sent it and the trade is cancelled; the side that did not deposit is recorded as the one at fault. Nobody ends up holding the other's crypto.
What to check before you deposit
- The network. Sending on the wrong network is the one mistake the escrow cannot undo; the trade tells you exactly which network each wallet expects.
- Confirmations. The deposit counts once the network confirms it; the trade shows the progress. See Network confirmations.
- The rate. In a private swap you set it with your counterparty; on the Marketplace it comes from the listing.
Withdrawing to an external wallet afterwards pays the network fee of the network you choose. Inside iEscrow, receiving the swap has no network cost.