Livecoin is a Bitcoin and altcoin trade platform that gives many forex pairs, together with trading altcoins for FIAT currency.
The alternate was founded in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based in Metairie, Louisiana, US.
The trade doesn’t have a specified market they goal on the world map, but it seems they’re focused on altcoin traders and supply many features for Russians.
There’s even a video for inexperienced persons in Russian.
The verification process isn’t explained on the website, nevertheless it’s mentioned on the Bitcointalk discussion board by the Livecoin personnel.
Apparently, the verification is only needed for the users who plan to use bank transfers for placing the deposit. The verification process is just not offered 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 trade supports the next FIAT currencies:
In terms of digital currencies, there’s a huge number of supported altcoins. The complete list of supported coins is available on the website.
LiveCoin Price Schedule
Livecoin makes use of a maker/taker payment model with aggressive fees for takers and bonuses for makers with a sliding scale depending on the month-to-month trade volume.
This implies that each time person 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 model encourages customers to really provide liquidity instead of taking liquidity from the order book by accepting the affords from other users.
The bonuses range from 0.01 p.c to 0.1 % on each trade customers make, and previous trading volume determines them.
On the subject of taker charges, the alternate has very competitive fee model.
For volumes below 2,000 US dollars – 0.20 percent fee of the quantity traded applies.
As the monthly quantity increases, the fees proportion drop. Finally, for volumes above 300,001 US dollars, the payment reaches the minimal of 0.01 p.c of the amount traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are free of charge. In relation 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 percent in USD and RUR, 5 % in EUR
FIAT forex withdrawal charges are a bit lower:
Payeer – 1 %
PerfectMoney – 1 % with a minimum of 1 US dollar
OkPay – 2.25 percent with a minimum of 0.1 US dollar
Wire Switch (SWIFT) – 1.5 percent + 9 US dollars or just 15 EUR
Capitalist.net – Freed from charge
Capitalist.net card – 0.99 US dollars or EUR
The entire fee schedule, as well as withdrawal and order limits, may be found here.
Livecoin.net Trading Evaluation
Trading on Livecoin is straightforward, and the alternate gives some good features. There are a few types of orders:
Normal market order
The first two are common orders on the vast majority of exchanges, however the third one is the place Livecoin shines. Pending orders are orders which are automatically triggered when the value hits a certain degree specified by the trader. This can be very helpful in markets where many competitors are attempting to be on top of the order book or in cases the place the consumer may affect the market by inserting a large order. Pending order helps to avoid the disturbance of the market by hiding offers from the books which everyone can see.
Top-of-the-line things about this exchange is their altcoin and FIAT foreign money pairs. Having this option makes things loads simpler and makes calculating profit and loss less troublesome. It also removes a layer of pointless expenses because of paying two units of charges instead of just one. That’s because on nearly all of the trading platform customers have to trade FIAT for Bitcoin after which Bitcoin for other coins. There are no FIAT/altcoin trading pairs. This feature makes Livecoin significantly attractive.
Ease of Use
The interface is nicely designed and relatively simple to use. Everything is just a click on away, and change between the markets is faster than on the other exchanges.
The corporate doesn’t have apps for Android and iOS yet, but the website is responsive, and it appears to be like good on mobile devices.
It appears to be like stunning – it’s simple to use, and it’s load time is impressive.
The help crew from Livecoin.net is very professional and friendly. The types of support offered are 24/7 chat and e-mail support. The exchange has a type of remote FAQ page on Bitcointalk discussion board, which is quite intensive and an awesome place to ask any questions.
There aren’t a single criticism in regards to the trade on the Web in the meanwhile of the writing of this review.
The website affords -factor authentication and PIN code as well as SMS and e mail notifications. There isn’t any information about the encryption of the emails or cold storage of the coins.
There have been no hacking attacks thus far, that means that this is a safe place for Bitcoins as well as altcoins.