Buying off of localbitcoins

So on localbitcoins there is a fee of 3-4% (if I remember correctly) of the Bitcoin exchanged that goes to the website for profit. And I was wondering if that fee was taken off of the Bitcoin you purchase or if that was already accounted for in the price/amount you get? Thanks!


Comments


[2 Points] dnmthrowaway1212:

There are no fees for buyers on localbitcoins. Only sellers are charged fees. There are no fees to withdraw. Just figure out how much coin you need, add whatever % you need for tumbling if you're going that route, plus a tiny bit extra for price fluctuations between purchasing and getting the coin to your marketplace wallet, and you're good to go.


[1 Points] Crackaboo420:

Do you know how much the withdrawal fee is?


[1 Points] cryptopic:

The 3-4% fee you speak of isn't exactly a fee, it's a vendor of bitcoin selling for 3-4% over market value for the bitcoin , so its $10 or so more per btc than you can get from other exchanges, but its much faster usually.


[1 Points] Crackaboo420:

Awesome! Thanks. Is the withdrawal fee relatively low? Like 2%ish?


[1 Points] Crackaboo420:

Sweet. Thanks!


[0 Points] KrysHQ:

Luckily for me I have a local Bitcoin ATM :)