Post
Topic
Board Currency exchange
Re: Buying 2-5 btc/day, Asian buyer
by
sardasa
on 22/01/2018, 11:00:19 UTC
Yes indeed, please use escrow for these transactions. 2 to 5 BTC daily is the kind of transaction you definitely will want to use escrow for. Trusted and reputable escrow members on this site. Agree and arrange with the escrow directly on their official pages, channels or emails.

SWIFT T/T is a good way to pay but I would suggest not adding anything about bitcoin on field 70 of the MT103 reference box. Even if both the sender's and receiver's banks are relaxed about bitcoin transactions, there is always a chance that the correspondent or intermediary bank relaying the payment might reject bitcoin-related payments and either reverse it or delay the transmission. This risk is heightened when large transactions are being transferred. To make it a hassle-free wire, don't mention bitcoin.

Thanks a lot for the information.
We have talked and the seller will be putting in escrow Tether and we would be buying Bitcoin
I would talk to the escrow providers and then confirm to the seller.

Thank you vey much for the help Smiley

Why would seller not be putting exact amount Bitcoin in escrow for which you'll make wire transfer to seller's bank account?