Livecoin is a Bitcoin and altcoin trade platform that provides many foreign money pairs, together with trading altcoins for FIAT currency.
The exchange was based in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based mostly in Metairie, Louisiana, US.
The change doesn’t have a specified market they intention on the world map, but it seems they are focused on altcoin traders and offer many features for Russians.
There’s even a video for freshmen in Russian.
The verification process isn’t defined on the website, but 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 placing the deposit. The verification process is not presented publically, and all customers who want to confirm their account are directed to the contact page.
There are no trading limits tied to the verification.
The change supports the following FIAT currencies:
On the subject of digital currencies, there’s a huge number of supported altcoins. The entire list of supported coins is available on the website.
LiveCoin Price Schedule
Livecoin utilizes a maker/taker payment model with competitive fees for takers and bonuses for makers with a sliding scale depending on the month-to-month trade volume.
This means that every time consumer places a proposal onto the trade order book for different users to take up, it receives a commission 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 presents from different users.
The bonuses range from 0.01 % to 0.1 % on every trade customers make, and previous trading quantity determines them.
In terms of taker fees, the alternate has very competitive price model.
For volumes below 2,000 US dollars – 0.20 p.c fee of the quantity traded applies.
As the month-to-month volume increases, the fees proportion drop. Finally, for volumes above 300,001 US dollars, the payment reaches the minimum of 0.01 % of the quantity traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. When it comes to withdrawals in digital currencies, only minimal network charges apply.
FIAT forex deposits carry the next fees:
Payeer – 7.5 p.c
PerfectMoney – 5.5 percent
OkPay – 1 %
Wire Switch (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 p.c in USD and RUR, 5 percent in EUR
FIAT forex withdrawal fees are a bit decrease:
Payeer – 1 percent
PerfectMoney – 1 percent with a minimum of 1 US dollar
OkPay – 2.25 % with a minimum of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 % + 9 US dollars or just 15 EUR
Capitalist.net – Free of cost
Capitalist.net card – 0.ninety nine US dollars or EUR
The entire fee schedule, as well as withdrawal and order limits, might be discovered here.
Livecoin.net Trading Analysis
Trading on Livecoin is straightforward, and the alternate provides some nice features. There are a couple of types of orders:
Commonplace market order
The primary are common 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 value hits a certain level specified by the trader. This may be very helpful in markets where many rivals are attempting to be on top of the order book or in cases the place the person might affect the market by inserting a large order. Pending order helps to avoid the disturbance of the market by hiding gives from the books which everybody can see.
Among the finest things about this change is their altcoin and FIAT currency pairs. Having this option makes things lots simpler and makes calculating profit and loss less troublesome. It also removes a layer of pointless bills because of paying two units of charges instead of just one. That’s because on the vast majority of the trading platform users have to trade FIAT for Bitcoin after which Bitcoin for other coins. There are no FIAT/altcoin trading pairs. This characteristic makes Livecoin particularly attractive.
Ease of Use
The interface is properly designed and comparatively straightforward to use. Everything is just a click on away, and swap between the markets is quicker than on the other exchanges.
The corporate doesn’t have apps for Android and iOS yet, however the website is responsive, and it looks good on mobile devices.
It seems stunning – it’s easy to make use of, and it’s load time is impressive.
The help team from Livecoin.net could be very professional and friendly. The types of assist offered are 24/7 chat and e-mail support. The alternate has a type of distant FAQ web page on Bitcointalk discussion board, which is sort of extensive and a fantastic place to ask any questions.
There should not a single complaint about the change on the Web in the intervening time of the writing of this review.
The website affords two-factor authentication and PIN code as well as SMS and e-mail notifications. There is no details about the encryption of the emails or cold storage of the coins.
There were no hacking assaults up to now, which means that this is a safe place for Bitcoins as well as altcoins.