LocalBitcoins Reduce Fees To Zero

Bitcoin exchange LocalBitcoins has announced that deposit fees and transaction fees between wallets in the platform are now free. Launched in 2012, the platform doesn’t touch fiat currency itself; users can transact with each other leveraging the platform that only intermediates the process – introducing sellers to interested buyers.

Initially, LocalBitcoins became very popular because the platform was more lenient on identity-verification procedures since it doesn’t transfer money itself. Users could also go further to buy bitcoin anonymously through cash trades, where buyer and seller would meet on a local, public space – hence the platform’s name.

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