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Luno Malaysia, Your experience, reviews, thoughts
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GameFr3ak
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 Jan 16 2018, 06:35 PM
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Hey guys, for someone who maybe wanna cash out some BTC to MYR, I've stumbled upon Remitano and Localbitcoins.
Now, I have some confusion about how all these trading works, I've read the FAQ but unsure if I got everything correct. Please correct me if I'm wrong, thanks!
I put BTC to escrow and wait for the buyer to transfer $ to my bank account. Once I confirmed that I've got the $, I'll release the BTC from escrow to the buyer. Is this as simple as I think it'll be?
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GameFr3ak
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Jan 16 2018, 06:46 PM
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QUOTE(Heavenn @ Jan 16 2018, 06:44 PM) Yes, just transfer your BTC to your LocalBitcoins Wallet, then when a trade is initiated, LocalBitcoins' system will automatically lock the specific amount of BTC in escrow, then the buyer may proceed to do a bank transfer to you, then once you confirm that you've received the payment, you may proceed to click "Release Escrow". If you don't release, do keep in mind that the buyer has payment proof in which in the end - LocalBitcoins will still release the BTC to him/her. So yea.. it's pretty secure for both buyer and seller. Nice. So I don't need to bring my machete with me anymore.. Thanks |
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