Livecoin is a Bitcoin and altcoin change platform that offers many forex pairs, together with trading altcoins for FIAT currency.
The exchange was founded in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are primarily based in Metairie, Louisiana, US.
The trade doesn’t have a specified market they goal on the world map, nevertheless it seems they are targeted on altcoin traders and supply many features for Russians.
There’s even a video for inexperienced persons in Russian.
The verification process isn’t defined on the website, but it’s talked about on the Bitcointalk forum by the Livecoin personnel.
Apparently, the verification is only needed for the users who plan to make use of bank transfers for putting the deposit. The verification process is just not offered publically, and all customers who need to confirm their account are directed to the contact page.
There are no trading limits tied to the verification.
The alternate helps the following FIAT currencies:
When it comes to digital currencies, there’s a huge number of supported altcoins. The complete list of supported coins is available on the website.
LiveCoin Payment Schedule
Livecoin utilizes a maker/taker payment mannequin with competitive fees for takers and bonuses for makers with a sliding scale relying on the month-to-month trade volume.
This implies that each time consumer places a suggestion onto the change order book for different customers to take up, it receives a commission a bonus instead of paying trading fees. This mannequin encourages customers to really present liquidity instead of taking liquidity from the order book by accepting the offers from different users.
The bonuses range from 0.01 p.c to 0.1 percent on each trade customers make, and previous trading volume determines them.
Relating to taker fees, the exchange has very competitive price model.
For volumes below 2,000 US dollars – 0.20 p.c charge of the amount traded applies.
As the month-to-month volume increases, the fees proportion drop. Finally, for volumes above 300,001 US dollars, the charge reaches the minimum of 0.01 percent of the quantity traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are free of charge. On the subject of withdrawals in digital currencies, only minimal network charges apply.
FIAT forex deposits carry the following fees:
Payeer – 7.5 p.c
PerfectMoney – 5.5 p.c
OkPay – 1 %
Wire Switch (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 % in USD and RUR, 5 p.c in EUR
FIAT forex withdrawal charges are a bit lower:
Payeer – 1 p.c
PerfectMoney – 1 % with a minimal of 1 US dollar
OkPay – 2.25 % with a minimum of 0.1 US greenback
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 complete price schedule, as well as withdrawal and order limits, could be found here.
Livecoin.net Trading Analysis
Trading on Livecoin is straightforward, and the trade presents some good features. There are just a few types of orders:
Standard market order
The primary are typical orders on the majority of exchanges, but the third one is where Livecoin shines. Pending orders are orders which are automatically triggered when the worth hits a certain stage specified by the trader. This will be very helpful in markets the place many opponents are trying to be on prime of the order book or in cases where the user might influence the market by putting a big order. Pending order helps to keep away from the disturbance of the market by hiding provides from the books which everybody can see.
The most effective things about this change is their altcoin and FIAT forex pairs. Having this option makes things quite a bit simpler and makes calculating revenue and loss less troublesome. It also removes a layer of unnecessary expenses because of paying sets of fees instead of just one. That’s because on the vast majority of the trading platform customers need 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 properly designed and relatively easy to use. Everything is just a click away, and swap between the markets is faster than on the other exchanges.
The company 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 straightforward to make use of, and it’s load time is impressive.
The assist crew from Livecoin.net could be very professional and friendly. The types of support offered are 24/7 chat and e-mail support. The alternate has a form of distant FAQ page on Bitcointalk discussion board, which is kind of extensive and an excellent place to ask any questions.
There aren’t a single grievance about the trade on the Web in the mean time of the writing of this review.
The website gives -factor authentication and PIN code as well as SMS and email notifications. There is no information about the encryption of the emails or cold storage of the coins.
There were no hacking assaults up to now, meaning that this is a safe place for Bitcoins as well as altcoins.