Proof of Ownership (PoO)
Proof of Ownership (PoO) is a free service that allows you to verify and confirm ownership of a specific cryptocurrency wallet. By selecting a saved wallet, the system generates a shareable link to validate your ownership.
Use Cases for PoO:
- Peer-to-Peer (P2P) Trades: Prove wallet authenticity in direct transactions.
- Fundraising: Demonstrate transparent donation routing to your wallet.
- Online Verification: Establish credibility in forums or discussions.
- Tax and Audit Compliance: Support financial documentation.
- Legal Scenarios: Validate ownership for disputes, inheritance, or fraud cases.
How It Works:
- Select a Wallet: Choose from your saved wallets.
- Email Authentication: Sign the PoO with your email for security.
- Set Expiration: Choose a timeframe (1 day to 3 years).
⚠️ Important:
- Keep your cancellation link confidential—it can revoke the PoO.
- Share only the verification link or QR code with trusted parties.
Escrow Service (2% Fee | Bitcoin Only)
An escrow service acts as a neutral intermediary for secure transactions between untrusted parties.
Process Overview:
- Buyer: Sends funds to the escrow.
- Seller: Delivers goods/services upon fund confirmation.
- Release: Funds transfer to the seller after buyer approval.
Dispute Resolution:
- MyWallet mediates unresolved disputes.
Key Features:
- Fixed 2% fee deducted from the released amount.
- Automatic refunds if terms aren’t met by the expiration date.
Use Cases:
- Online Purchases: Prevent scams in private sales.
- Freelance Payments: Secure compensation for services.
- Cryptocurrency Swaps: Trustless asset exchanges.
🔒 Security Notes:
- Save your authorization token—it’s required to release funds.
- Losing the token risks permanent fund loss.
Wallet Management FAQs
Should I save my wallet?
Saving to "My Wallets" encrypts your data with military-grade security. Unsaved wallets are lost upon page exit.
What if I didn’t back up my wallet?
If funds are sent to an unsaved wallet, recovery is impossible. Create backups or use new wallets for future transactions.
How do I import a wallet?
Compatible wallets from MyWallet or other apps can be imported via the "Select a Wallet" option.
👉 Learn how to maximize wallet security here
👉 Explore advanced escrow strategies
Final Reminders:
- PoO and escrow links are one-time visible—save them immediately.
- Always verify transaction details before proceeding.
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