Livecoin Detailed Overview: Characteristics, Pros and Cons

Livecoin is a website where you may change your bitcoins to fiat currency 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 global platform and goals to serve clients from all over the globe; nevertheless, they appear to be focused on traders from Russia. We now have made such a conclusion because they provide many options for Russian-talking folks and even beginner video-guided tutorials are in Russian.

HOW IT WORKS?

After creating an account, you may also 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 might be just directed to the contact page in case you are searching for verification. We suppose that it implies that you must contact website owners personally.

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

As for the fees, Livecoin tries to keep them competitive. In addition, they provide bonuses for makers and payment sliding scale. It means that the higher the amount you trade per month, the less fee 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 an enormous quantity of trading offers. Bonuses are 0.01-0.1% depending in your earlier activity.

As for the taking charges, they rely upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the amount grows, so in the event you reach above 300.000 dollars, your fee will probably be 0.01%.

Cryptocurrency withdrawal fees are minimal here and fiat currency withdrawal charges depend upon the payment method you choose. The website helps Payeer, OkPay, Wire Switch (SWIFT), Perfect Cash, BTC-E vouchers, and Capitalist.net.

The whole trading process is evident and simple. In addition, Livecoin has some fascinating order types to try:

Standard order

Limit order

Pending order

Standard and Limit are traditional orders, available at most exchanges, while the Pending one is a singular feature of Livecoin. These are the orders that are triggered automatically when the price reaches a specific level, mentioned by a trader. This function saves the market from disturbance by hiding giant orders from the public view.

PROS

A fantastic number of cryptocurrencies supported.

The website presents low fees + bonuses.

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

Customer help is active 24/7 and available by way of on-line chat and email. In response to clients’ evaluations discovered on the web, Livecoin’s assist workforce is skilled and keen 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 believe that Livecoin is an efficient option for cryptocurrency trading. There you can find many available cash, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The security and customer assist are on a high degree, as well. In a word, we boldly advocate Livecoin to our readers.

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