Post
Topic
Board Beginners & Help
Re: How to import private key and wallet from localbitcoins.com?
by
odolvlobo
on 18/08/2014, 18:17:23 UTC
You don't have a wallet on LocalBitcoins (or Coinbase, or any exchange for that matter). You have an account. People call it a wallet, but it is not a wallet. It is really just an account.

If you want to withdraw BTC from your account, you have to send it to a wallet that you own (or perhaps send it to another account).

I see, but that way I don't own the original wallet, and have to pay fee for the transaction.
As explained above, you already don't own the address (or the wallet). The fee for sending BTC is generally about 5 cents. That doesn't seem like a lot to me. You could pay the fee and be done with it.