LocalBitcoins Cuts Deposit, Transaction Fees Between Wallets In Platform To Zero
Person-to-person bitcoin exchange LocalBitcoins has announced it has cut down some fees on the platform to zero.Bitcoin exchange LocalBitcoins has announced that deposit fees and transaction fees between wallets in the platform are now free. Launched in 2012, the platform doesn't touch fiat currency itself; users can transact with each other leveraging the platform that only intermediates the process – introducing sellers to interested buyers.Initially, LocalBitcoins became very popular because the platform was more lenient on identity-verification procedures since it doesn't transfer....
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BTC-e, the notoriously private bitcoin exchange rumoured to be based out of Bulgaria, has revealed that it has reduced fees across three of its third-party withdrawal services. The news was revealed via a string of Twitter posts beginning on 27th February and continuing into 28th February that called for USD and EUR withdrawal fees to be reduced to as low as 1%. The move brings withdrawal fees closer to the site's USD deposit fees, which were slashed to 0% on OKPAY and Perfect Money earlier in February. BTC-e imposes an additional standard fee of 0.2 to 0.5% fee on every transaction.....
Many people use LocalBitcoins for many reasons, but lately its volume has increased a lot. This, of course, brings up the question of what it means for Bitcoin. Is Bitcoin going mainstream, are people stocking up for a coming increase, or is LocalBitcoins one of the more convenient places to sell bitcoins these days? It's hard to tell if any, or all of these are the case. Indeed, LocalBitcoins is one of the fastest ways to get it done. After three confirmations, if you find a buyer, you complete your transaction and you have your money. Also read: Greece is not Buying Bitcoin. Unless you....
Today, May 3, 2014 LocalBitcoins reported a "very dangerous attack" on the site's infrastructure. As of now, LocalBitcoins has released a statement saying that none of their users data or Bitcoins have been affected and in the meantime "the site will be down for a while as the system is being rebuilt." LocalBitcoins hosting service had received a request to restart the website's server that apparently came from a "spoofed email" and other flaws in the hosting provider's support system. LocalBitcoins became aware of the situation shortly after this abnormal activity started. The attacker....
7th October 2020, Limassol, Cyprus – Leading cryptocurrency sportsbook and casino 1xBit has announced its support for EOS transactions, enabling its users to take advantage of the cheaper, faster transactions offered by the cryptocurrency. All 1xBit users will now be able to deposit and withdraw the (delegated-proof-of-stake) cryptocurrency on the betting platform. With no transaction fees, and a blockchain capable of processing over 4000 transactions per second, 1xBit believes EOS will become a welcome addition […]
Bitcoin marketplace LocalBitcoins.com has produced a bitcoin ATM and is preparing to mass-manufacture the machine, which was launched on 17th February. The Helsinki-based company said the machine can perform two-way conversions between bitcoin and fiat currency. Each unit is priced at €1,990 (approx $2,732) and the firm has built five so far. LocalBitcoins founder Jeremias Kangas said: "We have a pretty good chance of entering [the ATM market]. Of course there are existing companies but our model is much more cost-effective." The LocalBitcoins machine will also obtain its conversion rates....