LocalBitcoins New Features

Written by admin

July 30, 2014

Buy Bitcoins with CashBelow are some highlights from LocalBitcoins and the bitcoin world.

  • Secure your account with login guard
  • Quick sell: Cash out bitcoins faster and safer
  • Floating prices in cash trade: friendlier in bitcoin market fluctuation situations
  • HMAC authentication option recommended for API users

Secure your account with login guard

Login guard is a new feature for your LocalBitcoins user account. If you choose to turn on the login guard option you will receive an extra email confirmation for all login attempts from web browsers the site has not seen before. LocalBitcoins recommends turning on both two-factor authentication and login guard for protecting bitcoins in your wallet.

You can find login guard under your Account security settings.

Quick sell: Cash out bitcoins faster and safer

LocalBitcoins has released a faster and safer way to sell your bitcoins: Quick sell. The new feature is especially helpful when paying bills with bitcoin.

Quick sell goes through all matching buy advertisements from reputable traders on LocalBitcoins. It chooses the advertisement with the best exchange rate and then makes a trade request.

Floating prices in cash trade: friendlier in bitcoin market fluctuation situations

Usually the price for bitcoin is determined at the moment of opening a trade request. However this might not be very fair for local cash trade where negotiation and agreement for the meeting may take days during which bitcoin exchange rate may change radically. Now floating priceoption is the default for local cash sells on LocalBitcoins. When you have a sell advertisement for cash, the price is determined on the moment of trade finished (escrow release).

See floating price option on your local sell advertisement edit screen.

HMAC authentication option recommended for API users

For developers, it is now possible to access the LocalBitcoins API using HMAC authentication instead of OAuth 2. This new authentication method is more suitable and secure for your own scripts and non-distributed applications. We suggest to use it whenever possible.

Happy bitcoining!

— LocalBitcoins staff

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