The LocalBitcoins Blog

Tales from the world of Bitcoin & Cryptocurrency

It is still about Bitcoin, not about "blockchain"

Earlier this week I stumbled upon a blog post, where Finnish self-credited "blockchain expert" made a claim that during the last year, term blockchain has passed bitcoin in google trends "clearly". I did not pay attention to this detail, until my co-worker pointed out the mistake. I was surprised to find out that if you use google trends yourself, you can see totally different story.

Nikolaus Kangas

#BitcoinForBritain – Trading fees in the UK halved until 2nd October

Over the years the UK has been an important market for LocalBitcoins, especially back in 2012 when we were founded. The UK helped solidify the future of LocalBitcoins by being the first market to see growth in P2P trading which gave us enough money to hire our first employee. This year we've had to watch as our friends in the UK suffer through hard times after the results of the Brexit vote on June 23rd. Since then we've seen value of the pound gradually drop in value by 16%. We remember the support you gave us in our early days, now it's time for us to give back and help you get out of the pound before it's too late.

Max

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