LocalCoinSwap raises fee on small BTC trades (floor fee of 5,000 sats) \ stacker news ~bitcoin

LocalCoinSwap raises fee on small BTC trades (floor fee of 5,000 sats)localcoinswap.com/fees

122 sats \ 1 comment \ @P2P_bitcoin 3 Sep 2023 bitcoin

0 sats \ 0 replies \ @P2P_bitcoin OP 3 Sep 2023

Trading Bitcoin

For Bitcoin trades larger than 0.005 BTC, LocalCoinSwap charges a 1% fee to the vendor as usual. However, for trades smaller than 0.005 BTC, LocalCoinSwap charges flat 0.00005 BTC fee to the vendor.

This is in addition to the multiple on-chain transaction fees ... involved in each trade.