Over the years the UK has been an important market for LocalBitcoins, especially back in 2012 when we were founded. The UK helped solidify the future of LocalBitcoins by being the first market to see growth in P2P trading which gave us enough money to hire our first employee.
This year we've had to watch as our friends in the UK suffer through hard times after the results of the Brexit vote on June 23rd. Since then we've seen value of the pound gradually drop in value by 16%.
We remember the support you gave us in our early days, now it's time for us to give back and help you get out of the pound before it's too late.
From this Monday, the 5th of September, we will halve the LocalBitcoins trading fee from the current 1 % to 0.5 % for all Bitcoin trades done in the UK*. The reduced fee will be active for trades started between Monday the 5th of September at 12:00:01 AM UTC and 11:59:59 pm UTC October 2nd.
LocalBitcoins is the world's leading peer to peer Bitcoin exchange where users buy and sell Bitcoins directly from each other. Founded in June 2012 LocalBitcoins is one of the oldest Bitcoin exchanges and as of August 2016 LocalBitcoins has more than 1 350 000 registered users from 249 different countries exchanging $14 000 000 worth of BTC every week.
* LocalBitcoins reserves the right to change the conditions of the campaign at any time.