Your Questions,
Answered
Everything you need to know about crypto real estate escrow — KYC, timelines, fees, and how funds are held.
General
What is crypto escrow in real estate?
A regulated third party holds the buyer's cryptocurrency until every condition of the sale is met. The deed must transfer. Legal checks must clear. KYC and KYT screening must pass.
Until those conditions are confirmed, funds stay locked. Neither party can touch them. Only then does Brik release to the seller.
Which cryptocurrencies does Brik accept?
Bitcoin (BTC), Ethereum (ETH), and USDT. We review other assets case by case. The requirement: on-chain traceability and sufficient deal-size liquidity.
Where does Brik operate?
Portugal, Cyprus, and Singapore. Each jurisdiction has local legal partners for title verification, deed transfer, and compliance. Deals in other markets can be structured on request — contact us with the details.
Process & Timeline
How long does a transaction take?
Timelines depend on jurisdiction and deal complexity. KYC/KYT clearance and local title verification drive most of the process. Cross-border deals may take longer. Preparing documents early keeps things moving.
What KYC documents are required?
Individuals: passport, proof of address (within 90 days), source-of-funds documentation.
Companies: certificate of incorporation, ownership structure, UBO declaration, director ID.
What is KYT?
KYT (Know Your Transaction) is on-chain transaction history analysis. Brik checks whether incoming funds have had contact with flagged addresses: mixers, sanctioned exchanges, darknet markets.
If a transaction fails KYT screening, the deal does not proceed.
What happens if the deal falls through?
The crypto returns to the buyer's originating wallet. Costs incurred before cancellation are itemized in the engagement letter, which you review before signing.
Fees & Custody
How are Brik's fees structured?
A percentage of the transaction value plus fixed disbursements for legal and compliance work. The exact fee is in the service quote, issued before you sign. No costs before a quote is agreed.
Is my crypto insured while in escrow?
Funds are held in regulated custody, not pooled with other accounts. Insurance arrangements vary by jurisdiction and deal structure. Contact us directly for your specific case.
For Buyers
Do I need a local bank account?
No. The transaction runs crypto-to-property. If the seller wants fiat at closing, local legal counsel handles the conversion as part of settlement.
Can I use any wallet or exchange?
Any wallet with on-chain verifiable history. Transfers from exchanges with withdrawal delays may affect your timeline. Factor this in early.
How do I get started?
Use the contact form. Initial consultations are free. If the deal makes sense, Brik sends a service quote and engagement letter. No funds move until every party has signed.