Hi all if there as already a thread about this topic feel free to move this post to it....
Im pretty new to bitcoin and wanna learn more about Escrowing trades.... How do I make sure I dont get scammed doing so I mostly will be looking to trade my Neteller/Skrill for bitcoin. Ive traded before with poker buddies where usually the less know person sends first with escrows who sends first and does that really matter sense it is escrowed. Does skrill or neteller allow me to trade for BTC or do u have to keep that on the down low? has ppl got there accounts shut down on neteller and skrill like what happens to paypal accounts? Last how much vig do ppl pay usually to turn skrill into BTC??
Thanks for the help and sorry if there is already a thread about this topic
From what I know it works like this:
1. To avoid getting scammed use an escrow from the following list
https://bitcointalk.org/index.php?topic=855778.02. You can send first to established users here with green trust without an escrow, but first read through their trust ratings and do small amounts at first
3. You can trade Neteller and Skrill to BTC without getting your account banned like paypal does, but most users are skeptic to deal with newbies, because both those ecurrencies can be refunded just like paypal.
4. The fees depend on the person your trading with, for skrill you can trade without any fees to 15% depending on the person
5. When using an escrow for Skrill and Neteller the escrow will hold the BTC and you can use team viewer with the escrow when sending the funds to the other person and after he will release the BTC to your account.
If I forgot something let me know I will update this post.
