*bump*

Hey everyone,

Im in my final steps of purchasing my BTC, The seller has sent me his bank account details and on local bitcoins it says "escrow is enabled,Funded not released", i would like to know do i just deposit cash into his account, how am i guaranteed that the BTC will be released when i deposit him the money? Also does he already have my BTC address or do i have to send him it? Please help with this final steps.

Thanks a bunch,

Vx

Thanks for the reply,

who would the trusted member be in this situation, do i have to pick one? or is it LocalBitcoins that is the trusted escrow holder.

Thanks,
Vx

Hey guys,

I just started getting into bitcoin and im looking to do my first transaction, im ready to buy 2.1 BTC off this seller on LocalBitcoins, his user name is "Bauhaus" (in case any of you have had experience with him), I just have a few questions and i would apprieciate it if you just answered or pointed me in the right direction to find out, 1. How exactely does escrow work? I want to do a simple Western Union or any other bank transfer, but is escrow like the middle man? Do i send it to LocalBitcoins and they hold it first or what? Im very confused on this part only. I understand the BTC wallet and address its just the escrow im really unsure of and i cant find an indepth tutorial from A-Z, if someone has one it would really help.

Thanks in Advance,
Vx