The LocalBitcoins Blog

Tales from the world of Bitcoin & Cryptocurrency

Introducing a new default pricing equation

At the time of the Bitfinex hack last Tuesday the default price equation in use for LocalBitcoins advertisements was taking pricing data from Bitfinex. When trading was stopped on Bitfinex, advertisements using the default price equation on LocalBitcoins stopped working. We have since disabled all advertisements that use Bitfinex in the price equation to make sure there are no advertisements active with the wrong price.

Max

Improvements to how we calculate transaction fees

Earlier today we improved on how transaction fees are calculated, fees for outgoing Bitcoin transaction are now paid once every hour based on the average fee per transaction instead of directly after every transaction.

Max

LocalBitcoins & Shapeshift.io – the fastest way to buy Ethereum

The fastest way to buy Ethereum (ETH) is, oddly enough, to first buy Bitcoins and then to convert it to Ethereum. Don't lose out waiting several days for an international bank transfer, use LocalBitcoins and Shapeshift to make the transaction in less than a day.

Max