Multi Signature Escrow

[billiebob123]

Hello:
Newbie here and trying to make a purchase using BC and multi-sig to avoid getting scammed. Here are the instructions given to me by the seller below and what I want to know is are these correct or is it a scam.

Go to coinb.in>>New Tab>Multi-sig address>>Public keys can be "generated in your browser">>Generate>>Note the 3 strings (public,private,and address)>>Share public key with us>>We will set up the escrow>>We will send you the multi-sig address generated with your public key>>My public key and multi-sig public key>>We will send you the Redeem script to unlock the payment when the job >>is done>>Open the "validate" tab and paste the redeem script to validate that>>everything is ok before the payment>> you must pay to the multi-sig address>> We start the job>>You see what you buy with your own eyes>>You use your private key with the redeem script to unfreeze the >>payment to us>>

[CryptoBlackHat]

I'm not familiar with the coinb.in service, but from what I can see it seems legit.

Nonetheless, you should be very cautious in general of using any wallet software they recommend, especially if it's in the browser. Multisig transactions can be generated using any compatible wallet software, so make sure you're confident the wallet is secure before proceeding with anything.

Bitcoin.com actually has an article where they explain this very process (using coinb.in too), so hopefully this would help to understand the correct process better: https://news.bitcoin.com/create-multisi ... d-bitcoin/