Livecoin is a Bitcoin and altcoin trade platform that provides many forex pairs, including trading altcoins for FIAT currency.
The change was founded 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 purpose on the world map, however it appears they’re targeted on altcoin traders and provide many features for Russians.
There’s even a video for learners in Russian.
The verification process isn’t defined on the website, however it’s talked about 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 placing the deposit. The verification process shouldn’t be offered publically, and all customers who wish to confirm their account are directed to the contact page.
There are not any trading limits tied to the verification.
The change helps the following FIAT currencies:
When it comes to digital currencies, there’s a huge number of supported altcoins. The whole list of supported cash is available on the website.
LiveCoin Fee Schedule
Livecoin utilizes a maker/taker fee model with competitive charges 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 change order book for different users to take up, it receives a commission a bonus instead of paying trading fees. This mannequin encourages users to truly provide liquidity instead of taking liquidity from the order book by accepting the provides from other users.
The bonuses range from 0.01 percent to 0.1 p.c on every trade users make, and past trading volume determines them.
When it comes to taker charges, the alternate has very aggressive price model.
For volumes under 2,000 US dollars – 0.20 percent price of the quantity traded applies.
Because the monthly volume will increase, the charges share drop. Finally, for volumes above 300,001 US dollars, the price reaches the minimal of 0.01 p.c of the amount 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 currency deposits carry the next charges:
Payeer – 7.5 p.c
PerfectMoney – 5.5 %
OkPay – 1 p.c
Wire Switch (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 percent in USD and RUR, 5 % in EUR
FIAT currency withdrawal charges are a bit decrease:
Payeer – 1 p.c
PerfectMoney – 1 percent with a minimal of 1 US dollar
OkPay – 2.25 % with a minimal of 0.1 US dollar
Wire Switch (SWIFT) – 1.5 percent + 9 US dollars or just 15 EUR
Capitalist.net – Free of cost
Capitalist.net card – 0.ninety nine US dollars or EUR
The entire charge schedule, as well as withdrawal and order limits, will be found here.
Livecoin.net Trading Analysis
Trading on Livecoin is easy, and the exchange affords some good features. There are just a few types of orders:
Standard market order
The first are standard orders on the majority of exchanges, but the third one is where Livecoin shines. Pending orders are orders which are automatically triggered when the value hits a certain stage specified by the trader. This might be very useful in markets the place many opponents are trying to be on high of the order book or in cases where the user may influence the market by placing a big order. Pending order helps to keep away from the disturbance of the market by hiding presents from the books which everybody can see.
One of the best things about this alternate is their altcoin and FIAT foreign money pairs. Having this option makes things rather a lot simpler and makes calculating revenue and loss less troublesome. It additionally removes a layer of unnecessary bills because of paying sets of fees instead of just one. That’s because on the majority of the trading platform customers must trade FIAT for Bitcoin and then Bitcoin for different coins. There aren’t any FIAT/altcoin trading pairs. This feature makes Livecoin particularly attractive.
Ease of Use
The interface is properly designed and relatively easy to use. Everything is just a click on away, and change 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 seems to be good on mobile devices.
It appears to be like lovely – it’s simple to use, and it’s load time is impressive.
The assist group from Livecoin.net is very professional and friendly. The types of help offered are 24/7 chat and electronic mail support. The exchange has a sort of distant FAQ page on Bitcointalk forum, which is quite intensive and a fantastic place to ask any questions.
There aren’t a single grievance in regards to the exchange on the Web for the time being of the writing of this review.
The website gives -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 have been no hacking attacks to this point, meaning that this is a safe place for Bitcoins as well as altcoins.