Bitcoin Forum

Hi,

I have used LocalBitcoins for buy BTCTC, however, there are few sellers are requesting to do trade here and use Forum Escrow.

Please let me know how I can go ahead Forum Escrow and the best Escrow Service that I can use (which recommended to use when buying and selling BTCTC)

Be very careful if they are asking you to move trade of localbitcoins.   Make sure you do use escrow.

There is a thread of many who do it.  Off the top of my head OGNasty seems to really have a following.   But a person will be providing this service not the forum doing it.

This is an escrow list ->https://bitcointalk.org/index.php?topic=855778.0.

The top 5 are the most trusted.

Choose one and just PM them or post in their escrow thread when you have set up a trade, they will clear the terms and conditions to both the parties with a group PM and you can go forward from their. Make sure to check the PGP signed message from them to avoid the risk of any imposters.

Read more on why you need an escrow: https://bitcointalk.org/index.php?topic=1040193.0
If you want my personal recommendation, I'd prefer, devthedev and Tomatocage.

Thank you very much for the detailed explanation. I have a question, how to create ''GROUP PM''? and what is ''PGP signed message''?

To create a group PM you can enter more than 1 receiver's name in the 'To' field separated by comma and then all the person included in that will receive the same message and when they want to reply they will have an option which says "reply to all" and this way they all can read and write messages and the whole group will see it.

https://i.imgur.com/fwYz1fG.png

It helps an escrow stay in touch with both the parties and avoids any confusions.

PGP stands for Pretty good encryption, you can read more about it here: https://en.wikipedia.org/wiki/Pretty_Good_Privacy & here: https://searchsecurity.techtarget.com/definition/Pretty-Good-Privacy

A PGP signed message is use to confirm that the message you're receiving from someone is infact the person you're trading with and not an imposter. On each escrow page and on their profile you'll see their PGP Public key, when the escrow contacts you, they will sign a message from their Private key which includes where to send BTC funds for the escrow, terms of trade etc.

And you can check the PGP signed message from their public key to make sure that it was originally send by them and not someone who might have hacked the account or an imposter. But you'll need an understanding of how PGP works in order to do that.

Edit: The trade doesn't have to take place through PM, you can do it publicly by opening a thread in the marketplace and asking the seller/buyer/escrow to make everything public, this way even if you can't verify the pgp message, the other respected members of the forum can do it and you can trade safely. :)

Thank you very much and hope this helps! However, I'll use public thread in order to keep the trade safe for both parties. No more scamming.