Cryptocurrency Q&A
Is it free to buy or sell bitcoin on LocalBitcoins?
Is it free to buy or sell bitcoin on LocalBitcoins?
mia_harrison_painter
Sat Jun 22 2024
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5 answers
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As a crypto enthusiast, I'm often curious about the various platforms available for trading digital currencies. Specifically, I've been hearing about LocalBitcoins as a popular peer-to-peer marketplace. However, before I proceed with any transactions, I'd like to clarify if there are any fees associated with buying or selling bitcoin on this platform. Could you please elaborate on the cost structure of LocalBitcoins? Is it truly free to conduct trades, or are there hidden charges that traders should be aware of? Understanding these details is crucial for making informed decisions and maximizing profits in the volatile crypto market.
5 answers
AmethystEcho
Mon Jun 24 2024
These prices may deviate slightly from bitcoin's current market value, depending on various factors such as supply, demand, and the seller's willingness to negotiate.
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Claudio
Mon Jun 24 2024
For those who opt to create an advertisement, a 1% fee is imposed on every successfully completed trade.
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CharmedClouds
Mon Jun 24 2024
This fee structure ensures that the platform remains sustainable while still providing a cost-effective option for users.
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TaekwondoMaster
Mon Jun 24 2024
Sellers on LocalBitcoins have the autonomy to set their own prices, reflecting the market dynamics and their individual preferences.
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EmmaWatson
Mon Jun 24 2024
On LocalBitcoins, buying or selling bitcoin is entirely cost-free, barring the creation of advertisements.
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