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Someone brought up that Bitalo isn't really an exchange, but an OTC marketplace, and that fraud is possible. A fraudster in the US can reverse the bank payment
by sillysaurus3 13y ago
Someone brought up that Bitalo isn't really an exchange, but an OTC marketplace, and that fraud is possible. A fraudster in the US can reverse the bank payment in a Bitalo transaction up to 6 months after the BTC has been released from escrow: https://news.ycombinator.com/item?id=7432635 https://news.ycombinator.com/item?id=7432635
You should probably specify that Bitalo is perfect for non-US customers.
- M4v3R 13y agoThat's true, in the US only SWIFT transfers should be used to prevent fraud.