Livecoin is a Bitcoin and altcoin change platform that gives many currency pairs, together with trading altcoins for FIAT currency.
The change was based in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based mostly in Metairie, Louisiana, US.
The exchange doesn’t have a specified market they intention on the world map, nevertheless it appears they are focused on altcoin traders and provide many options for Russians.
There’s even a video for inexperienced persons in Russian.
The verification process isn’t explained on the website, but it surely’s mentioned on the Bitcointalk forum by the Livecoin personnel.
Apparently, the verification is only wanted for the users who plan to make use of bank transfers for putting the deposit. The verification process is not presented publically, and all customers who want to verify their account are directed to the contact page.
There are not any trading limits tied to the verification.
The alternate helps the following FIAT currencies:
Relating to digital currencies, there’s a huge number of supported altcoins. The complete list of supported cash is available on the website.
LiveCoin Charge Schedule
Livecoin makes use of a maker/taker price mannequin with aggressive fees for takers and bonuses for makers with a sliding scale depending on the month-to-month trade volume.
This implies that every time consumer places an offer onto the alternate order book for different customers to take up, it get paid a bonus instead of paying trading fees. This model encourages users to truly present liquidity instead of taking liquidity from the order book by accepting the gives from other users.
The bonuses range from 0.01 percent to 0.1 percent on every trade users make, and previous trading quantity determines them.
When it comes to taker fees, the alternate has very aggressive payment model.
For volumes below 2,000 US dollars – 0.20 percent fee of the quantity traded applies.
As the monthly quantity increases, the charges share drop. Finally, for volumes above 300,001 US dollars, the price reaches the minimum of 0.01 p.c of the quantity traded.
Deposit and withdrawal fees
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. With regards to withdrawals in digital currencies, only minimal network fees apply.
FIAT forex deposits carry the following fees:
Payeer – 7.5 percent
PerfectMoney – 5.5 %
OkPay – 1 %
Wire Switch (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 % in USD and RUR, 5 % in EUR
FIAT foreign money withdrawal fees are a bit lower:
Payeer – 1 p.c
PerfectMoney – 1 percent with a minimum of 1 US dollar
OkPay – 2.25 % with a minimum of 0.1 US dollar
Wire Switch (SWIFT) – 1.5 % + 9 US dollars or just 15 EUR
Capitalist.net – Free of charge
Capitalist.net card – 0.ninety nine US dollars or EUR
The whole price schedule, as well as withdrawal and order limits, may be discovered here.
Livecoin.net Trading Evaluation
Trading on Livecoin is easy, and the change provides some good features. There are a number of types of orders:
Customary market order
The primary two are common orders on the vast majority of exchanges, however the third one is where Livecoin shines. Pending orders are orders which are automatically triggered when the value hits a sure stage specified by the trader. This can be very useful in markets where many opponents are attempting to be on high of the order book or in cases where the person may affect the market by placing a large order. Pending order helps to keep away from the disturbance of the market by hiding provides from the books which everyone can see.
Among the best things about this change is their altcoin and FIAT currency pairs. Having this option makes things rather a lot simpler and makes calculating profit and loss less troublesome. It also removes a layer of pointless bills because of paying sets of fees instead of just one. That’s because on nearly all of the trading platform customers must trade FIAT for Bitcoin after which Bitcoin for other coins. There aren’t any FIAT/altcoin trading pairs. This characteristic makes Livecoin particularly attractive.
Ease of Use
The interface is nicely designed and relatively straightforward to use. Everything is just a click away, and switch between the markets is quicker than on the opposite exchanges.
The corporate doesn’t have apps for Android and iOS yet, but the website is responsive, and it appears good on mobile devices.
It appears to be like lovely – it’s easy to use, and it’s load time is impressive.
The assist staff from Livecoin.net could be very professional and friendly. The types of support offered are 24/7 chat and e-mail support. The trade has a kind of remote FAQ page on Bitcointalk forum, which is kind of in depth and a terrific place to ask any questions.
There usually are not a single complaint in regards to the change on the Web in the meanwhile of the writing of this review.
The website gives two-factor authentication and PIN code as well as SMS and electronic mail notifications. There isn’t any details about the encryption of the emails or cold storage of the coins.
There have been no hacking assaults up to now, which means that this is a safe place for Bitcoins as well as altcoins.