Bitcoin News and Finance Localbitcoins P2P Exchange Launches Mobile App for Android Skip to main content

Localbitcoins P2P Exchange Launches Mobile App for Android

Localbitcoins P2P Exchange Launches Mobile App for Android

Peer-to-peer cryptocurrency marketplace Localbitcoins has announced the launch of a new mobile application for its global user base. The software is designed for devices running on Android. The app has been released in response to a growing number of mobile traders.

P2P Crypto Market Localbitcoins Offers Users Android App

Popular P2P crypto exchange Localbitcoins has presented a mobile application for traders around the world. The app has been developed for Android users and according to an announcement published on Monday, it has already seen thousands of downloads. Work continues to create an iOS version as well, the marketplace assured.

The Helsinki, Finland-headquartered company said it’s launching the app after signing up 1.7 million customers in 2020, most of whom were using mobile devices to access its platform. Quoted in the press release, Localbitcoins Chief Marketing Officer Jukka Blomberg commented:

Our new mobile app shows our commitment to our global user base and enforces LocalBitcoins’ founding idea of Bringing Bitcoin Everywhere.

The application facilitates crypto purchases and sales in 190 countries, the exchange detailed, supporting “almost all global currencies” and more than 100 payment methods. Users are offered a free bitcoin wallet while the security has been enhanced with biometric and two-factor authentication.

Localbitcoins also promises low fees, with free deposits and transactions between its users. The platform will collect a 1% escrow fee from advertisers and charge a withdrawal fee based on Bitcoin blockchain fees.

“Bringing Bitcoin Everywhere is all about inclusion and accessibility. We are continuously listening to the needs of our customers worldwide and constantly aiming to improve and evolve our service to fulfil those,” Blomberg also stated, adding: “Many of our customers had been hoping for a mobile app as an option and as a result, we developed one.”

In the years since its establishment in 2012, Localbitcoins has become the world’s leading peer-to-peer crypto exchange by facilitating over-the-counter trading of bitcoin (BTC) with local fiat currency. In June this year, the platform added to its payment options bitcoin cash (BCH) and dogecoin (DOGE), among other cryptocurrencies, and stablecoins like tether (USDT).

Localbitcoins allows users to post advertisements on its website, propose an exchange rate for their digital assets and state the desired payment methods buyers will be able to use to acquire the coins. In 2019, the P2P marketplace announced it was introducing new identity verification rules and removed in-person cash trades, forcing some of its customers to look for alternative services.

Paxful, a major competitor of Localbitcoins, has a mobile wallet app which lets users buy, send, and receive BTC, ETH and USDT. Other peer-to-peer crypto exchange options include Hodl Hodl, which last year allowed users of the Bluewallet app to buy bitcoin through an integration with its platform, and Localcryptos, which added support for BCH transactions in September.

Are you using a mobile app to exchange cryptocurrencies? Let us know in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl...

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju...

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and...

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r...
Blogarama - Blog Directory