Escrow maybe useful for small amounts, using electronic payment methods. For larger orders paid through the bank escrow is not practical. Serious exchangers would not bother with escrow, especially when trading via bank payments.
Topic: no escrow means scammer? (Read 1681 times)
Well if they have a verified coinbase account they are required to give a bill ssn and a bank account that shows proof of address then a escrow isnt needed.
Wait, some say escrow slow?
Why would escrow be slow?
Isn't it just multi-sig?
Why would escrow be slow?
Isn't it just multi-sig?
Escrow mostly means involving a third person that hold the coins from the buyer until the goods were received correctly. Having a person as escrow helps in case of problems coming up so he can ask for information, try to find the truth and negotiate a solution.
It can take a bit because not all persons in the trade are in the forum all the time.
You can never be too sure as to whether you may be dealing with a scammer. Basing it on the fact they don't accept escrow alone I don't feel is sufficient proof that they are scammers or are out to scam you but merely that they choose to not use escrow. If you are not happy with someone who does not accept escrow then find someone that does if it means you will have a better peace of mind.
Wait, some say escrow slow?
Why would escrow be slow?
Isn't it just multi-sig?
Why would escrow be slow?
Isn't it just multi-sig?
The users hold the right to refuse escrow.....so what you should do is, move on, and find someone who will do escrow.
But with your newbie status, i suspect anyone would want to deal with you on your terms.
But with your newbie status, i suspect anyone would want to deal with you on your terms.
Well there are some very trusted people who dont need scrow, however if you tell him that you wanna use scrow and they refuse, smells fishy.
Newbie and no escrow - 99% it's scammer. Trustworthy member don't afraid to use escrow service.
Yup, smells like scammers.
not necessarily, but sometimes it can be truth .
So please be careful
.
So please be careful
.
The best way to do a transaction is to go a reputable source. Like an escrow service. 
https://localbitcoins.com/accounts/profile/bapple/ 
https://localbitcoins.com/accounts/profile/bapple/
wardrick refuse escrow
first say:
"I'd prefer not to use an Escrow since we're dealing with cash in the mail."
that make sense?
then say:
"I don't have the entire 3.28 BTC, I'm trying to make a flip to make about 10%, so if I don't have the cash I can't buy the BTC"
so is scammer
dont even have btc to sell
wants me send money first then hope to buy btc for profit
if price change then what? i get screwed?
good thing i use escrow
first say:
"I'd prefer not to use an Escrow since we're dealing with cash in the mail."
that make sense?
then say:
"I don't have the entire 3.28 BTC, I'm trying to make a flip to make about 10%, so if I don't have the cash I can't buy the BTC"
so is scammer
dont even have btc to sell
wants me send money first then hope to buy btc for profit
if price change then what? i get screwed?
good thing i use escrow
It might be that they want to make the deal fast. Or the amount to deal with is that small that they dont think its needed. Including an escrow could mean that it takes a day or two longer. You can check how long users are around, how active they are and what their trustrating are.
In general... if you want to deal with a new member and you have to pay first then i would not do it without using an escrow. The risk for that new member would be pretty small to run with the money. If you claim he is a scammer he wouldnt care and create the next account. But members that are in here for a long time and are active members are somewhat safer. At the end you need to check the reputation of the trading partner or the reputation of escrows available. Some escrows have already a trust in the + hundreds.
I forgot... it happens more often with domain sales but it might happen here too that trading partners offer to use the escrow service of a website that in fact is a fake escrow site and only looks legit.
Its not really easy but at the end use your brain to decide the risk you want to take.
In general... if you want to deal with a new member and you have to pay first then i would not do it without using an escrow. The risk for that new member would be pretty small to run with the money. If you claim he is a scammer he wouldnt care and create the next account. But members that are in here for a long time and are active members are somewhat safer. At the end you need to check the reputation of the trading partner or the reputation of escrows available. Some escrows have already a trust in the + hundreds.
I forgot... it happens more often with domain sales but it might happen here too that trading partners offer to use the escrow service of a website that in fact is a fake escrow site and only looks legit.
Its not really easy but at the end use your brain to decide the risk you want to take.
is fast.
escrow provider sent less than hour.
cash in mail takes same with or witout escrow have to wait for post office to open
is 3 btc. that amount to small?
i use dannyhamilton escrow
im in chicago hes in chicago
i meet him f2f
i know what he look like
i see what car he drive
if he scam me, i report to police
no ecrow no deal to many scammer
It might be that they want to make the deal fast. Or the amount to deal with is that small that they dont think its needed. Including an escrow could mean that it takes a day or two longer. You can check how long users are around, how active they are and what their trustrating are.
In general... if you want to deal with a new member and you have to pay first then i would not do it without using an escrow. The risk for that new member would be pretty small to run with the money. If you claim he is a scammer he wouldnt care and create the next account. But members that are in here for a long time and are active members are somewhat safer. At the end you need to check the reputation of the trading partner or the reputation of escrows available. Some escrows have already a trust in the + hundreds.
I forgot... it happens more often with domain sales but it might happen here too that trading partners offer to use the escrow service of a website that in fact is a fake escrow site and only looks legit.
Its not really easy but at the end use your brain to decide the risk you want to take.
In general... if you want to deal with a new member and you have to pay first then i would not do it without using an escrow. The risk for that new member would be pretty small to run with the money. If you claim he is a scammer he wouldnt care and create the next account. But members that are in here for a long time and are active members are somewhat safer. At the end you need to check the reputation of the trading partner or the reputation of escrows available. Some escrows have already a trust in the + hundreds.
I forgot... it happens more often with domain sales but it might happen here too that trading partners offer to use the escrow service of a website that in fact is a fake escrow site and only looks legit.
Its not really easy but at the end use your brain to decide the risk you want to take.
People trading bitcoin don't generally take escrow as all trades are very sensitive to both timing and price.
Juts because someone does not use escrow does not mean they are a scammer, if you are unsure about someone then usually it is best to avoid them until you can be sure they are not what you think they are which is scammers.. Sometimes it can take time to realise if someone could be trustworthy or out to scam you and if you are unsure if it probably best to avoid until you can be sure.
This is how long j.socal has been around: https://bitcointalksearch.org/topic/looking-for-a-trusted-buyer-88214
And wardrick: https://bitcointalksearch.org/user/wardrick-85316
I've been around just about as long as j.socal, and I refuse escrow as well. I've seen too many escrows go bad, and it's very simple to tell if I've sold my account or not. If you can't trust anyone in the fucktons of positive feedbackers, then how could you trust an escrow, unless that escrow is your partner in crime?
And wardrick: https://bitcointalksearch.org/user/wardrick-85316
I've been around just about as long as j.socal, and I refuse escrow as well. I've seen too many escrows go bad, and it's very simple to tell if I've sold my account or not. If you can't trust anyone in the fucktons of positive feedbackers, then how could you trust an escrow, unless that escrow is your partner in crime?
Maybe j.socal or wardrick would accept escrow from a trusted member if you pay the fee.
of course i pay the fee
dont matter. they refuse escrow.
maybe not scammers yet but they will just wait and see
trustworthy person not afraid to use escrow
Did they specify why they don't want to use escrow?
j.socal say:
"I don't do escrow..Check my trusted feedback..."
wardrick say:
"Don't take it personal I've just been around for awhile and I've experienced a lot of different scam attempts."
if experenced lot of scam attemps maybe he shuld think bout use escrow!
It is their right to refuse escrow. They seem to have carefully build a reputation for themselves. Maybe j.socal or wardrick would accept escrow from a trusted member if you pay the fee. If not it is up to you to decide if you trust them enough to deal without escrow.
Just using escrow doesn't guarantee anything. You have to trust the party providing the escrow service (what is stopping them from running off with the money?). That said, if you don't trust the buyer/seller but you do trust an escrow provider then obviously you should use escrow.
Did they specify why they don't want to use escrow?
j.socal say:
"I don't do escrow..Check my trusted feedback..."
wardrick say:
"Don't take it personal I've just been around for awhile and I've experienced a lot of different scam attempts."
if experenced lot of scam attemps maybe he shuld think bout use escrow!
everone says use escrow.
all say trusted will always accept escrow
2 people contact me to sell me btc
wardrick and j.socal
both refuse escrow
this mean they both scammers?
they have good rep. why they refuse escrow.
seems shady
seems they want ppl to get scammed since they teach ppl not use escrow.
all say trusted will always accept escrow
2 people contact me to sell me btc
wardrick and j.socal
both refuse escrow
this mean they both scammers?
they have good rep. why they refuse escrow.
seems shady
seems they want ppl to get scammed since they teach ppl not use escrow.
It doesn't mean they or anyone are necessarily scammers. It means you, as an inexperienced member of the community should not deal with them.
If you always you a reputable escrow you will not get scammed. That does not mean that if you don't use escrow you will (necessarily) get scammed. Logic is a bit hard sometimes.
everone says use escrow.
all say trusted will always accept escrow
2 people contact me to sell me btc
wardrick and j.socal
both refuse escrow
this mean they both scammers?
they have good rep. why they refuse escrow.
seems shady
seems they want ppl to get scammed since they teach ppl not use escrow.
all say trusted will always accept escrow
2 people contact me to sell me btc
wardrick and j.socal
both refuse escrow
this mean they both scammers?
they have good rep. why they refuse escrow.
seems shady
seems they want ppl to get scammed since they teach ppl not use escrow.
Did they specify why they don't want to use escrow?
everone says use escrow.
all say trusted will always accept escrow
2 people contact me to sell me btc
wardrick and j.socal
both refuse escrow
this mean they both scammers?
they have good rep. why they refuse escrow.
seems shady
seems they want ppl to get scammed since they teach ppl not use escrow.
all say trusted will always accept escrow
2 people contact me to sell me btc
wardrick and j.socal
both refuse escrow
this mean they both scammers?
they have good rep. why they refuse escrow.
seems shady
seems they want ppl to get scammed since they teach ppl not use escrow.
Jump to: