The LocalBitcoins Blog

Tales from the world of Bitcoin & Cryptocurrency

More tools for offchain transactions

We have developed several tools that can help make transacting with Bitcoin cheaper in certain cases. One feature is offchain-only option for our merchant tool. Other is the recv tag in the QR code for deposits or invoice payments. Note that this blog post is aimed towards developers, merchants and/or service providers.


Login page changes

We have removed the security image feature from the login page.


Compensation for users holding Bcash (BCH) balances

As most of you are aware, a new cryptocurrency called "Bcash" or "Bitcoin cash" was created on August 1st 2017. It was created in such a way that everyone who had access to a private key holding a Bitcoin balance received a corresponding amount of Bcash on the other blockchain. Since the air-drop we have received numerous requests for us to start supporting the new cryptocurrency.


LocalBitcoins statement regarding the possible hard fork on Aug 1 2017

We are closely monitoring the current situation regarding the risk of a Bitcoin hard fork occurring on August 1st. Today, July 18th, it looks possible that the hard fork will be avoided as BIP 91 can activate before then.


New Bitcoin transaction fee system

LocalBitcoins is deploying a new fee system for Bitcoin network fees. We will lower Bitcoin sending fees and introduce deposit fees for incoming transactions.