Trying to buy first time thru Localbitcoins. I initiated a purchase and the seller enabled and funded escrow. He then said I just deposit $ into his bank account and after I send him a scan of the deposit slip, he will release the coins. He says he only sends me my verify code from local bitcoins after i deposit $.
I just want to check this is the normal/correct procedure. For example, how does anyone verify that the bitcoins were sent to the correct wallet. I assume it must go thru my localbitcoins wallet but there is no instruction to that effect. What if $ is deposited and bitcoins never sent? Can seller claim i requested sent to a different wallet or must it always go to my localbitcoins wallet? Is localbitcoins good at taking the loss and paying my bitcoins in such a case - and if so what do i need to prove the $ was deposited? Just my deposit slip from seller's bank?