Selling BTC 0.700 for €184.23. Skrill/PayPal [ESCROW]

[BitNow]

For the record I did two trades with BitNow using https://bit2factor.com/ as escrow. He first recommended an italian version of it, which I didn't really trust since I can't read Italian. So I did some research and found bit2factor. It's really cool, even if you don't intend to trade, check it out. Download the source code and run it on your computer, don't use the website.

I can't vouch for the source code itself, but I didn't find anything indicating scam based on my research AND I did two trades with BitNow successfully. He sent the BTC first into the escrow address, then I transferred the PayPal Funds, then he sent me the encryption key. It really is a very awesome way to do deals without third parties and I'll definitively use this in the future. Play around with it, see what you think.

By the time that a human escrow reply to your enquiry you will have already done the transaction with Bit2Factor.

Time = Money => Time saved = Money saved

[btctxns]

For the record I did two trades with BitNow using https://bit2factor.com/ as escrow. He first recommended an italian version of it, which I didn't really trust since I can't read Italian. So I did some research and found bit2factor. It's really cool, even if you don't intend to trade, check it out. Download the source code and run it on your computer, don't use the website.

I can't vouch for the source code itself, but I didn't find anything indicating scam based on my research AND I did two trades with BitNow successfully. He sent the BTC first into the escrow address, then I transferred the PayPal Funds, then he sent me the encryption key. It really is a very awesome way to do deals without third parties and I'll definitively use this in the future. Play around with it, see what you think.

If he already has the key to the wallet, how exactly is that escrow?

[Gumara]

A facepalm gif would have been more appropriate.

I know you won't listen, but just in case you are the slightest bit reasonable: Please stop this. Work with legitimate, known escrows such as those on this site or on LBC. Your claim that you want to save time is obviously bullshit since you've simply ended up wasting a significant amount of time arguing for the use of this third-party, untrusted escrow. This is so childish and uncalled for.

No one is going to bite.

/thread.

Yes, this is true. OP is a real idiot. Amen.

[TheKoziTwo]

For the record I did two trades with BitNow using https://bit2factor.com/ as escrow. He first recommended an italian version of it, which I didn't really trust since I can't read Italian. So I did some research and found bit2factor. It's really cool, even if you don't intend to trade, check it out. Download the source code and run it on your computer, don't use the website.

I can't vouch for the source code itself, but I didn't find anything indicating scam based on my research AND I did two trades with BitNow successfully. He sent the BTC first into the escrow address, then I transferred the PayPal Funds, then he sent me the encryption key. It really is a very awesome way to do deals without third parties and I'll definitively use this in the future. Play around with it, see what you think.

If he already has the key to the wallet, how exactly is that escrow?

He has the encrypted key, it's useless for him without the password, which only I hold.

1. I generate "Intermediate Code" using a password of mine
2. I send him the Intermediate Code
3. He generates public address and encrypted address + confirmation key using the Intermediate Code
4. He sends me confirmation key
5. I enter my password and confirmation key and is given the public address
6. I confirm with him that we both have the same public address
7. He sends money to the public address
8. At this point, the BTC is in the public address, he has the encrypted private key, I have the password to decrypt the private key. At this point, nobody has access to his BTC. I then transfer my paypal to him
9. He sends me the encrypted private key.
10. I decrypt the key using my password and transfer the BTC to my own wallet.

[BitNow]

To use Bit2Factor proceed as follow:
1) Go to https://bit2factor.com/ and click on "Generate Intermediate Code". Create a passphrase and click on "Generate Intermediate Code"
2) Send me the Intermediate Code generated at step (1)
3) I will generate BTC Address, Confirmation Code and Private Key and send to you the BTC Address and the Confirmation Code
4) Click on "Verify Confirmation Code", insert the passphrase and the Confirmation Code I sent you and click "Verify Confirmation Code"
5) If the escrow told you "OK" then I will send the bitcoins to the BTC Address I sent you at step (4)
6) You send me the PayPal funds.
7) I send you the Private Key

With the private Key you will click on "Decrypt Private Key" and enter the passphrase you enter at step (1) and the Encrypted Private Key I just sent you.

Click Decrypt Private Key.

You will receive the PRIVATE KEY (WIF) that you can import in your bitcoin wallet and have the XXX bitcoins I just sent you.

This gives you the guarantee of the transaction without using a person in the middle.


Sorry to steal the reply from TheKoziTwo.

That describes the process to use the BIP38 compliant escrow.


This is the description of the BIP38 feature: basically the sender (FIAT) retain the passphrase to have the guarantee in the transaction.
https://github.com/bitcoin/bips/blob/master/bip-0038.mediawiki

[BitNow]

Yes, this is true. OP is a real idiot. Amen.

Try to teach not to kill and you will learn with your scholar.

"The more you eliminate human factor the less errors you will have."

[BitNow]

Up.

[cedivad]

What means something in a language can be nonsense to another.

I'm bilingual. Yours is utter nonsense.

You are just building trust to scam later on. I will watch that happen from the sidelines.

[BitNow]

You are just building trust to scam later on.

Surely that's no nonsense: that's an accusation.

I will watch that happen from the sidelines.

No comment.

[Gumara]

Yes, this is true. OP is a real idiot. Amen.

Try to teach not to kill and you will learn with your scholar.

"The more you eliminate human factor the less errors you will have."

wow you are so sick you edited it in the previous post you said I'm idiot and you don't know what's op, gj

[BitNow]

wow you are so sick you edited it in the previous post you said I'm idiot and you don't know what's op, gj

This message is OT.

[RussiaCoinDotInfo]

If Santa_marta uses a hotmail email address, then they both deserve each-other...

I will do this if we use a forum escrow. I can pay the fees. My skrill is in EUR as well.

This popcorn needs more butter...  

[BitNow]

This popcorn needs more butter...  

This message is OT.

[RussiaCoinDotInfo]

This popcorn needs more butter...  

This is OT.

Interesting how you removed my caution to you about hotmail

[BitNow]

Interesting how you removed my caution to you about hotmail

This message is OT: you don't need an email address to exchange bitcoins.

You lack of technology skills and you are spamming my thread.

[BitNow]

Up.

Selling BTC0.7000 for €184.23.

Exchange rate: 263.19 €/BTC valid until 15:40 CET on the 07/24/2015