Livecoin is a Bitcoin and altcoin alternate platform that gives many forex pairs, including trading altcoins for FIAT currency.
The alternate was based in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based mostly in Metairie, Louisiana, US.
The trade doesn’t have a specified market they goal on the world map, nevertheless it seems they are centered on altcoin traders and provide many features for Russians.
There’s even a video for inexperienced persons in Russian.
The verification process isn’t defined on the website, however it’s mentioned on the Bitcointalk forum by the Livecoin personnel.
Apparently, the verification is only wanted for the users who plan to use bank transfers for putting the deposit. The verification process isn’t presented publically, and all users who want to confirm their account are directed to the contact page.
There are no trading limits tied to the verification.
The alternate supports the next FIAT currencies:
Relating to digital currencies, there’s an enormous number of supported altcoins. The complete list of supported coins is available on the website.
LiveCoin Charge Schedule
Livecoin utilizes a maker/taker payment mannequin with competitive fees for takers and bonuses for makers with a sliding scale relying on the monthly trade volume.
This signifies that every time consumer places a suggestion onto the trade order book for other customers to take up, it get paid a bonus instead of paying trading fees. This mannequin encourages users to really provide liquidity instead of taking liquidity from the order book by accepting the offers from different users.
The bonuses range from 0.01 percent to 0.1 p.c on every trade users make, and previous trading quantity determines them.
With regards to taker fees, the alternate has very aggressive price model.
For volumes beneath 2,000 US dollars – 0.20 p.c fee of the amount traded applies.
Because the month-to-month volume will increase, the charges proportion drop. Finally, for volumes above 300,001 US dollars, the charge reaches the minimal of 0.01 percent of the quantity traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are free of charge. Relating to withdrawals in digital currencies, only minimal network charges apply.
FIAT foreign money deposits carry the following fees:
Payeer – 7.5 %
PerfectMoney – 5.5 %
OkPay – 1 %
Wire Switch (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 p.c in USD and RUR, 5 p.c in EUR
FIAT currency withdrawal fees are a bit decrease:
Payeer – 1 %
PerfectMoney – 1 % with a minimum of 1 US greenback
OkPay – 2.25 p.c with a minimal of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 % + 9 US dollars or just 15 EUR
Capitalist.net – Freed from charge
Capitalist.net card – 0.99 US dollars or EUR
The whole payment schedule, as well as withdrawal and order limits, can be found here.
Livecoin.net Trading Analysis
Trading on Livecoin is easy, and the exchange provides some good features. There are a couple of types of orders:
Customary market order
The first are traditional orders on nearly all of exchanges, but the third one is the place Livecoin shines. Pending orders are orders which are automatically triggered when the worth hits a certain level specified by the trader. This may be very helpful in markets where many rivals are trying to be on high of the order book or in cases where the user might influence the market by putting a large order. Pending order helps to avoid the disturbance of the market by hiding gives from the books which everyone can see.
The most effective things about this exchange is their altcoin and FIAT forex pairs. Having this option makes things loads simpler and makes calculating revenue and loss less troublesome. It also removes a layer of pointless bills because of paying sets of charges instead of just one. That’s because on nearly all of the trading platform users have to trade FIAT for Bitcoin after which Bitcoin for different coins. There aren’t any FIAT/altcoin trading pairs. This function makes Livecoin significantly attractive.
Ease of Use
The interface is nicely designed and comparatively simple to use. Everything is just a click away, and change between the markets is quicker than on the other exchanges.
The company doesn’t have apps for Android and iOS yet, but the website is responsive, and it seems to be good on mobile devices.
It seems to be beautiful – it’s simple to use, and it’s load time is impressive.
The assist workforce from Livecoin.net is very professional and friendly. The types of assist offered are 24/7 chat and email support. The exchange has a type of remote FAQ web page on Bitcointalk forum, which is quite in depth and an important place to ask any questions.
There aren’t a single complaint about the exchange on the Web in the mean time of the writing of this review.
The website affords two-factor authentication and PIN code as well as SMS and email notifications. There is no details about the encryption of the emails or cold storage of the coins.
There have been no hacking attacks to date, which means that this is a safe place for Bitcoins as well as altcoins.