Thursday, August 29, 2013

Tune up your Bitcoin trading with market-based pricing

Hey traders,

If you've ever dug deeper in our ad options, you may have found the price equation field. The innocuous premium field above actually creates a basic, functional price equation for the ad. That's where the magic happens. But how to improve on the equation? Maximizing risk and profit, or playing it safe? Perhaps even both?

Price equations as used on LocalBitcoins.com have been somewhat of an arcane art so far, especially for advanced use.

We don't like features that don't create value for us and our customers. In part of this effort to suck less, we've just published a guide to using price equations more effectively. Although it is mostly a technical reference at this time, I hope it will be useful! As always, we will consider any feedback to improve our service.

Friday, August 16, 2013

Bitcoin market data available on Bitcoin Charts

LocalBitcoins.com team has implemented Bitcoin Charts integration. Now you can see LocalBitcoins.com market data with other big exchanges.



This data includes online trades and excludes cash trades. LocalBitcoins.com is not an order book based exchange. For the order book asks and bids data we provide online selling bitcoins and online buying bitcoins advertisement values.

Even though Bitcoin Charts only displays EUR, we have data available for  ARS, AUD, BRL, CAD, CHF, CZK, DKK, EUR, GBP, HKD, ILS, INR, MXN, NOK, NZD, PLN, RUB, SEK, SGD, THB, USD, ZAR (or any currency our users trade).

You can also pull the data with HTTP  in JSON format as described in LocalBitcoins.com API documentation.


Monday, August 5, 2013

LocalBitcoins.com Public JSON API released

Hey developers!

I'm proud to announce the second iteration of our API. The focus of API 2.0 is public browsing APIs. There's a whole slew of different ways to find good deals on LocalBitcoins.com -- almost all of them are now also available in JSON. Please have a look at our Public API documentation!
Changes and additions include:
  • A new API to query profile information with
  • JSON versions for most of our listings (full list of them are in the docs)
  • Supporting APIs that facilitate searching through our listings, including the lists of currencies, payment methods and countries our service recognizes.
  • Corner case issue fixes in existing APIs

About our API

We first introduced a small API last month, with the goal of enabling traders to release their escrows with an application. Although the scope was small, the response was good. Thank you for your interest!

Our bounty program for API implementations and clients is a rough start, but we'll keep doing them in the future. The experience in the pilot bounties is important to us as we want the bounty program to be a good experience for everyone involved.

Future of our API – You're invited

I'm already looking forward to our 3.0 API. We'll be setting our foot in the sprawling Bitcoin market data field. The exact details and breadth will be decided at a later time. API development right now is focused on troubleshooting the current API and grabbing all the low hanging fruit.

The design decisions are still malleable. Now it is the time to contact us and help us make the new APIs useful from day one. You can discuss it in public on our forums or contact our support in private if you prefer.'

Pie-in-the-sky requests are also considered for later planning, please do come forward with them. I want to keep the API simple and powerful: having as many concerns as possible known well in advance helps keeping it all in harmony.