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As far as I know, none of the major escrow agencies accept Bitcoin directly. The preferred method of deposit is still either a garden variety wire transfer or c
by otterley 5y ago
As far as I know, none of the major escrow agencies accept Bitcoin directly. The preferred method of deposit is still either a garden variety wire transfer or cashier’s check. That doesn’t mean that Bitcoin is impossible, but a boutique escrow agent such as one of these linked will have to be proposed by the buyer, and the seller will have to accept the risk of a relatively unknown agent being involved.
- thebradbain 5y agoThat makes complete sense. I will however say that the 3 homes I personally encountered where this happened (think $1-$2m range, not estates worth 10s of millions), the _selling_ agents were proudly proclaiming they accept Bitcoin, with one even saying their sellers preferred Bitcoin to all-cash.
- otterley 5y agoGee, that doesn't sound suspicious at all.
- KirillPanov 5y ago> As far as I know, none of the major escrow agencies accept Bitcoin directly. In Washington State every attorney is automatically a licensed escrow agent. I believe this is the case in many/most states. [*] They certainly aren't the cheapest escrow agents, but there are enough attorneys that you simply need to work your way down the list until you find one that handles bitcoin. There are a lot of fish in this ocean, and they like getting paid. This advice applies to pretty much any "$BIG_ESCROW_COMPANY won't do XYZ for irrational reasons" problem. [*] in fact, technically it's the other way around: WA escrow agents are licensed as "limited practice attorneys" who are only allowed to practice one very narrowly-defined type of law: escrow arbitration. https://www.wsba.org/for-legal-professionals/join-the-legal-profession-in-wa/limited-practice-officers https://www.wsba.org/for-legal-professionals/join-the-legal-...