Localbitcoins serving the bitcoin community

[farhaan]

Hi, today i sent 0.01 btc from my electrum wallet to localbitcoin wallet.I was only able to send it when i set a fee of 0.0004 BTC.Then localbitcoins charged me an incoming fee of 0.00162 BTC.I was shocked to see the fee.So,totally i have spent 0.002 BTC for transferring 0.02 BTC.

That's almost 10% of the total amount sent.

I think that if satoshi is still alive and see this,he would even die out of a cardiac arrest.


              

[Laregrell]

Hi, today i sent 0.01 btc from my electrum wallet to localbitcoin wallet.I was only able to send it when i set a fee of 0.0004 BTC.Then localbitcoins charged me an incoming fee of 0.00162 BTC.I was shocked to see the fee.So,totally i have spent 0.002 BTC for transferring 0.02 BTC.

That's almost 10% of the total amount sent.

I think that if satoshi is still alive and see this,he would even die out of a cardiac arrest.


              

they use high fee to make sure transaction will confirmed before 24 hour end.

good fee is 910 satoshis/byte so that you find it high.

source https://bitcoinfees.earn.com

[niotib]

There's no fee between localbitcoins accounts... take advantages of that. Last day, I paid to lbc account holder in dogecoins (transaction fee was 2 doges  ) and got back in Bitcoins. You need to use gimmicks like this when it using btc for small transaction.