Quote from: audaciousbeing on June 23, 2017, 09:52:55 PM

Quote from: maikohoney on June 19, 2017, 03:10:03 PM

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

1$ is still a fair one to me unlike one exchange wallet I used some time ago that for every deposit, they just deduct 0.002btc no matter the amount of bitcoin received into the wallet which when converted to dollars is far above what you have there. And thankfully the crypto space is full of several organisations trying to offer their services in which I just switch and I am happy you did same.

It is incorrect information bro. They added a deposit fee as 0.00056 btc for each deposit. This shows ridiculous thought from the localbitcoins team. There are huge number of users from forum have account and do trading in localbitcoin comparatively with blockchain users.
They should atleast reduce the fees to 0.0001 for one deposit, Still they can get the profit with this deposit as well.
Please refer below for more information.
https://localbitcoins.com/blog/new-bitcoin-network-fee-model/