Livecoin Detailed Evaluate: Characteristics, Pros and Cons

Livecoin is a website where you may change your bitcoins to fiat foreign money and vice versa. This company appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.

Livecoin is a world platform and goals to serve purchasers from all over the globe; however, they appear to be targeted on traders from Russia. We’ve made such a conclusion because they offer many options for Russian-talking folks and even newbie video-guided tutorials are in Russian.

HOW IT WORKS?

After creating an account, you may additionally verify it to use bank transfers and deposits, since this options aren’t available otherwise. Thus, there aren’t any explanations of verification process on the website as well as any public information about it – you are just directed to the contact page if you’re looking for verification. We suppose that it means that it’s a must to contact website owners personally.

When you’re done with all account preparations, you can start trading. The exchange helps the next fiat money: EUR, US greenback, RUB. As for the digital currencies, the list here is fairly long. It consists of Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Traditional, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.

As for the charges, Livecoin tries to maintain them competitive. In addition, they supply bonuses for makers and price sliding scale. It implies that the higher the volume you trade per month, the less charge it’s important to pay. Each time you place a proposal to an order book, you receive a bonus instead of a trading fee. This is a nice scheme that encourages liquidity as well as an enormous amount of trading offers. Bonuses are 0.01-0.1% depending on your earlier activity.

As for the taking charges, they rely on the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Fees drop as the volume grows, so if you happen to attain above 300.000 dollars, your price will probably be 0.01%.

Cryptocurrency withdrawal charges are minimal right here and fiat foreign money withdrawal fees depend upon the cost technique you choose. The website supports Payeer, OkPay, Wire Switch (SWIFT), Excellent Cash, BTC-E vouchers, and Capitalist.net.

Your entire trading process is evident and simple. In addition, Livecoin has some attention-grabbing order types to try:

Standard order

Restrict order

Pending order

Customary and Limit are traditional orders, available at most exchanges, while the Pending one is a novel function of Livecoin. These are the orders which are triggered automatically when the worth reaches a particular level, talked about by a trader. This function saves the market from disturbance by hiding large orders from the public view.

PROS

An amazing number of cryptocurrencies supported.

The website offers low charges + bonuses.

There are fiat/crypto trading pairs that make it straightforward to calculate your potential revenue and makes things much easier.

Buyer help is active 24/7 and available through on-line chat and email. In response to prospects’ opinions discovered on the web, Livecoin’s help crew is skilled and prepared to help.

The high degree of security is ensured by 2-factor authentication, PIN code and SMS/electronic mail notifications.

CONS

No margin trading, futures and derivatives.

The website doesn’t have a mobile application.

CONCLUSION

We believe that Livecoin is a good option for cryptocurrency trading. There one can find many available coins, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The safety and buyer support are on a high degree, as well. In a word, we boldly suggest Livecoin to our readers.

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