Livecoin is a website the place you can change your bitcoins to fiat forex and vice versa. This company appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.
Livecoin is an international platform and aims to serve shoppers from all over the globe; nonetheless, they seem to be focused on traders from Russia. We’ve made such a conclusion because they offer many options for Russian-speaking people and even beginner video-guided tutorials are in Russian.
HOW IT WORKS?
After creating an account, you may additionally confirm it to make use of bank transfers and deposits, since this options aren’t available otherwise. Thus, there are no explanations of verification process on the website as well as any public details about it – you might be just directed to the contact page if you are in search of verification. We suppose that it means that you have to contact website owners personally.
If you find yourself done with all account preparations, you can begin trading. The change helps the following fiat money: EUR, US dollar, RUB. As for the digital currencies, the list right here is pretty long. It consists of Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Classic, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.
As for the fees, Livecoin tries to keep them competitive. In addition, they supply bonuses for makers and payment sliding scale. It means that the higher the volume you trade per thirty days, the less payment you have to pay. Every 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 a giant quantity of trading offers. Bonuses are 0.01-0.1% relying on your earlier activity.
As for the taking charges, they depend upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the amount grows, so should you attain above 300.000 dollars, your charge might be 0.01%.
Cryptocurrency withdrawal charges are minimal right here and fiat foreign money withdrawal charges depend on the fee methodology you choose. The website supports Payeer, OkPay, Wire Transfer (SWIFT), Good Cash, BTC-E vouchers, and Capitalist.net.
All the trading process is obvious and simple. In addition, Livecoin has some interesting order types to try:
Commonplace and Limit are traditional orders, available at most exchanges, while the Pending one is a singular feature of Livecoin. These are the orders which can be triggered automatically when the value reaches a selected level, talked about by a trader. This characteristic saves the market from disturbance by hiding giant orders from the public view.
An amazing number of cryptocurrencies supported.
The website offers low fees + bonuses.
There are fiat/crypto trading pairs that make it straightforward to calculate your potential profit and makes things a lot easier.
Customer assist is active 24/7 and available through online chat and email. In keeping with clients’ critiques discovered on the web, Livecoin’s help crew is professional and prepared to help.
The high stage of safety is ensured by 2-factor authentication, PIN code and SMS/email notifications.
No margin trading, futures and derivatives.
The website doesn’t have a mobile application.
We consider that Livecoin is an efficient option for cryptocurrency trading. There you will see that 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 stage, as well. In a word, we boldly advocate Livecoin to our readers.