I have started doing a little Bitcoin trading on LocalBitcoins.com
Some guy ordered almost 2000GBP of Bitcoin from me. He released the payment into Escrow, however, the payment has not cleared in my bank account.
I trust that the guy is in order (99% anyways), but for such a large amount, I don't want to risk releasing the Bitcoins only for the 'cheque to bounce' on me.
Annoyingly for him, those 2000GBP of BTc are now worth around 1900GBP. UnFKNacceptable if he was wanting to send money somewhere or make a purchase.
Although I am not the one who is being hit in the pocket here, this also annoys me and leaves a bad taste in my mouth.
Looked all over the web for answers on this and can find jack shit, so:
IS IT SAFE TO RELEASE BITCOINS ON LOCALBITCOIN IF THE PAYMENT IS MARKED AS 'MADE/COMPLETE' cheers.