Post
Topic
Board Service Discussion
Re: Bye Bye Localbitcoins wallet!
by
ivanst776
on 21/06/2017, 12:12:57 UTC
New fee structure started today. Here's the news article about it:
https://news.bitcoin.com/localbitcoins-new-fee-structure/

I received (what was supposed to be) a $20 transaction to my localbitcoins wallet, and was charged a little more than $1.40 "deposit fee". The sender paid over $2.00 fee to send. This seems pretty excessive considering the small amount being sent.

Aaaand... I'm switching wallets Tongue

Fees on both sides? It doesn't make sense really, it's absurd paying fees for such things.

Generally the fees are increased in every wallet mostly (except poloniex exchange which still has 0.0001BTC fee).

I would suggest to not use that exchange/wallet or if you can't then use as less as possible.