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Title: Transactions when buying coins on localbitcoins Post by: tkcoin on November 27, 2017, 09:05:05 PM
Title: Re: Transactions when buying coins on localbitcoins Post by: VitaminDer on November 27, 2017, 09:18:39 PM You msy get your payment from the localbitcoins.com escrow, so you don't even need to know how many transaction did it take for that guy to send that amount.
"The current fee is visible on the wallet page under the heading Bitcoin Network Fees. " Title: Re: Transactions when buying coins on localbitcoins Post by: tkcoin on November 27, 2017, 09:23:16 PM Thank you for reply.
Does it matter if I buy ten 1BTC, or 10BTC together? Would it affect my future spending? Title: Re: Transactions when buying coins on localbitcoins Post by: EcoChavCrypto on November 27, 2017, 09:56:59 PM Why do you want to buy or sell in different amounts? it would not change you anything because you are going to be paying the same fee as if you make one, or ten transactions.
I have been using localbitcoins to sell all my bitcoins for more than two years, i have never had any problems with them so far, it is one of the most serious exchanges that i have ever used, because their support is always replying (and this is the most important reason of why i like lbc) And the money is always on your wallet, you do not need to pay miner fees because when you start a new order, you start it with the money that you have in your localbitcoins wallet, you do not need to deposit funds when you start X order, it just gets debited from your balance. Title: Re: Transactions when buying coins on localbitcoins Post by: odolvlobo on November 27, 2017, 10:21:53 PM
When you buy on localbitcoins using their escrow system (and you should), then the bitcoins are immediately deposited in your localbitcoins account. The transaction does not go through the block chain. It is managed completely by LBC's accounting system. You can withdraw them to your own wallet at your convenience. As long as they stay within the escrow system, buyers are very well protected. Buyers run into problems when scammers convince them to go outside the system. Title: Re: Transactions when buying coins on localbitcoins Post by: tkcoin on November 28, 2017, 03:28:45 AM I didn't know buy/sell on LBC does not need mining fee. I thought all transaction requires mining. Newbie here :)
So as long as the coins are in LBC escrow, there is no miner fee. What about when I send to my Ledger wallet? Why do you want to buy or sell in different amounts? it would not change you anything because you are going to be paying the same fee as if you make one, or ten transactions. I have been using localbitcoins to sell all my bitcoins for more than two years, i have never had any problems with them so far, it is one of the most serious exchanges that i have ever used, because their support is always replying (and this is the most important reason of why i like lbc) And the money is always on your wallet, you do not need to pay miner fees because when you start a new order, you start it with the money that you have in your localbitcoins wallet, you do not need to deposit funds when you start X order, it just gets debited from your balance. Title: Re: Transactions when buying coins on localbitcoins Post by: tkcoin on November 28, 2017, 03:41:51 AM Oh cool, once I get my ledger wallet, will open a LBC account. Thanks.
on LBC, I can't find any seller taking bank transfer. I definitely not sending cash by mail or starbucks card. Does that means I am left with Coinbase with high fee, where they support bank transfer. Yeah I understand that means I am not anonymous. When you buy on localbitcoins using their escrow system (and you should), then the bitcoins are immediately deposited in your localbitcoins account. The transaction does not go through the block chain. It is managed completely by LBC's accounting system. You can withdraw them to your own wallet at your convenience. As long as they stay within the escrow system, buyers are very well protected. Buyers run into problems when scammers convince them to go outside the system. |