Localbitcoin Used As Escrow ?

Kevinpro · Jun 23, 2019

I can used localbitcoin as escrow ?
Today I meet one person and I buying a service from him so he suggest me that We can used localbitcoin as Escrow. Is it true ? I hope I will not lost My BTC with this. Experts please share Your honest experience with me. Should I do this ?

MisterF · Jun 23, 2019

Moved to Crypto.

JessiPinkme · Jun 23, 2019

You can use localbtc for escrow. The other person will need to create a sell link or buy link. Then you can start a trade with the him. The btc will only be released when you press release there otherwise they will be in escrow. But there is one thing you need to know, if anything goes wrong like he gave you something that you want and you didn't released the btc then the case will go to the localbitcoin support where they ask both of you for the proofs and they then they give you 24 hours time to resolve and then it's upto them to whose favour they close the case. But to be sure it can be used as escrow.

Kevinpro · Jun 23, 2019

dare_devil said:
You can use localbtc for escrow. The other person will need to create a sell link or buy link. Then you can start a trade with the him. The btc will only be released when you press release there otherwise they will be in escrow. But there is one thing you need to know, if anything goes wrong like he gave you something that you want and you didn't released the btc then the case will go to the localbitcoin support where they ask both of you for the proofs and they then they give you 24 hours time to resolve and then it's upto them to whose favour they close the case. But to be sure it can be used as escrow.

Good information for me
Thank You so much mate
I appreciate

Salamouna · Jun 23, 2019

Yes but keep it in the time frame
if he didn't click on i paid button the escrow will end in 1h or so

DrDastan · Jun 24, 2019

Yes, you can, It safety.

bartosimpsonio · Jun 28, 2019

dare_devil said:
You can use localbtc for escrow. The other person will need to create a sell link or buy link. Then you can start a trade with the him. The btc will only be released when you press release there otherwise they will be in escrow. But there is one thing you need to know, if anything goes wrong like he gave you something that you want and you didn't released the btc then the case will go to the localbitcoin support where they ask both of you for the proofs and they then they give you 24 hours time to resolve and then it's upto them to whose favour they close the case. But to be sure it can be used as escrow.

Sounds like a perfect escrow system to me!

jupiter4 · Jun 28, 2019

Still be careful. Localbitcoins have some shady staff. Once this staff member named King tried to scam me for over a whole bitcoin. He used my information on local bitcoins to reach out to me on skype, and google hangouts. It’s a legit business, just watch out for the imperfect human that could be working for it.

metatransmission · Jun 28, 2019

Localbitcoin is a great escrow service.
It's mostly used to for people trying to cash out or buy bitcoins though. I never thought about using at an escrow service for services, but that's a great idea.
Done hundreds on deals on there and have never had a problems. I will warn you that in the case of disputes they tend to side with the seller.

Localbitcoin Used As Escrow ?

Kevinpro

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MisterF

Repeat Selling Out MP - Doxxing - Harass Comps.

JessiPinkme

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Kevinpro

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Salamouna

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DrDastan

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bartosimpsonio

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jupiter4

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metatransmission

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