Peer-to-peer cryptocurrency marketplace LocalBitcoin has announced the launch of a new mobile application for its global user base. The software is designed for devices running Android. The app has been released in response to the growing number of mobile merchants.
P2P Crypto Market Localbitcoins offers Android apps to users
The popular P2P crypto exchange Localbitcoins has introduced a mobile application for traders around the world. The app is made for Android users and according to an announcement released on Monday, it has already received thousands of downloads. As well as work on creating an iOS version continues, Marketplace has confirmed.
The Helsinki, Finland-headquartered company says it is launching the app after signing up 1.7 million subscribers in 2020, most of whom were using mobile devices to access its platform. Citing a press release, LocalBitcoins Chief Marketing Officer Zukka Bloomberg commented:
Our new mobile app demonstrates our commitment to our global user base and implements the local Bitcoin founder idea of bringing Bitcoin everywhere.
The app facilitates crypto buying and selling in 190 countries, supports exchange details, “almost all global currencies” and more than 100 payment methods. Security is enhanced through biometric and two-factor authentication while users are offered a free bitcoin wallet.
LocalBitcoin promises free deposits and low fees with transactions among its users. The platform will collect a 1% escrow fee from advertisers and charge a withdrawal fee based on the Bitcoin blockchain fee.
“Bringing Bitcoin everywhere means inclusion and accessibility. We are constantly listening to the needs of our customers worldwide and constantly aiming to improve and develop our services to meet them,” Bloomberg added: “Many of our customers expect a mobile app as an alternative. And as a result, we’ve developed one. “
Since its inception in 2012, LocalBitcoin has become the world’s leading peer-to-peer crypto exchange, facilitating over-the-counter trading of Bitcoin (BTC) with local Fiat currencies. In June of this year, the platform added stablecoins to its payment options Bitcoin Cash (BCH) and dogecoin (DOGE) and Tether (USDT) among other cryptocurrencies.
LocalBitcoin allows users to post ads on its website, offer an exchange rate for their digital assets, and describe desirable payment methods that buyers can use to acquire coins. In 2019, P2P Marketplace announced that it was introducing new identity verification rules and removing private cash transactions, forcing some customers to look for alternative services.
Paxful, a major competitor to Localbitcoins, has a mobile wallet app that 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 Bluetooth app to buy Bitcoin through integration with its platform, and LocalCrypto, 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.
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