Smart contracts can serve as trusted intermediaries for domain transactions, offering a cheaper alternative to traditional escrow services like Escrow.com that charge 3-5% fees; for example, a $2,000 domain purchase would save $100 in escrow fees when using smart contracts instead.
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Save Money: Skip Escrow.com for Domains! #shortsAdded:
The reason you need an escrow account is cuz if you go to escrow.com which I've used in the past for domains. I used to buy domains and so domains you need an escrow account. So, it's not great because escrow.com charges like 3 to 5%. So, if you buy a $2,000 domain, you want to give them $100. It's like crazy.
It's like crazy just because they're in sitting in the middle. You don't need it. The smart contract can sit in the middle. You can save your $100. Even if you pay the guy in the marketplace three, four dollars or five dollars or whatever it is. Yeah.
Still worth it.
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