Livecoin Detailed Overview: Characteristics, Pros and Cons

Livecoin is a website the place you possibly can change your bitcoins to fiat forex and vice versa. This firm appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.

Livecoin is an international platform and goals to serve shoppers from all around the globe; nonetheless, they appear to be targeted on traders from Russia. We’ve made such a conclusion because they provide many features for Russian-speaking folks and even beginner 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 will not be available otherwise. Thus, there are no explanations of verification process on the website as well as any public details about it – you are just directed to the contact page if you are on the lookout for verification. We suppose that it implies that you have to contact website owners personally.

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

As for the charges, Livecoin tries to keep them competitive. In addition, they supply bonuses for makers and charge sliding scale. It means that the higher the quantity you trade per month, the less charge you need to pay. Each time you place an offer 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 big amount of trading offers. Bonuses are 0.01-0.1% relying in your previous activity.

As for the taking charges, they depend on the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Fees drop as the amount grows, so should you reach above 300.000 dollars, your price will be 0.01%.

Cryptocurrency withdrawal charges are minimal here and fiat forex withdrawal fees rely on the payment technique you choose. The website helps Payeer, OkPay, Wire Switch (SWIFT), Excellent Money, BTC-E vouchers, and Capitalist.net.

The complete trading process is evident and simple. In addition, Livecoin has some interesting order types to strive:

Standard order

Limit order

Pending order

Standard and Limit are traditional orders, available at most exchanges, while the Pending one is a novel feature of Livecoin. These are the orders which can be triggered automatically when the worth reaches a selected degree, mentioned by a trader. This feature saves the market from disturbance by hiding giant orders from the general public view.

PROS

A fantastic number of cryptocurrencies supported.

The website provides low charges + bonuses.

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

Buyer assist is active 24/7 and available via on-line chat and email. In line with prospects’ opinions found on the web, Livecoin’s support workforce is professional and willing to help.

The high level of safety is ensured by 2-factor authentication, PIN code and SMS/e-mail notifications.

CONS

No margin trading, futures and derivatives.

The website doesn’t have a mobile application.

CONCLUSION

We imagine that Livecoin is an effective option for cryptocurrency trading. There you will find many available coins, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The security and customer support are on a high stage, as well. In a word, we boldly recommend Livecoin to our readers.

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