You know the drill, guys. Engage a trusted escrow and stay safe.
No matter how small or large the transaction, do your due diligence. Just like the back of our hand, we all know (and must always remember) that bitcoin is irreversible while a bank transfer can be recalled if circumstances warrant it:
The ability of an originator (or the sending bank) to recall a wire hinges primarily on whether or not the payment order has been accepted by the receiving bank. That principle applies to both domestic and international wires.Knowing this, even if the transferred funds are credited to your account, check and double check that they are cleared (spendable) funds. If the sending bank sends a Stop Payment Order to the receiving bank on the SWIFT MT492 system while final credit is pending or being processed, that money will be reversed and if you already sent the coins, you know what that means.
- Engage a trusted escrow to hold the coins and
- Wait for funds to fully clear and reflect as POSITIVE available balance on your account with no holds whatsoever.
Never send or release coins based alone on screen shots, pics of receipts or similar proof of payment. Wait for cleared funds to appear on your bank account.
