Livecoin Review 2019

Livecoin is a Bitcoin and altcoin alternate platform that offers many foreign money pairs, including trading altcoins for FIAT currency.

The trade 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 purpose on the world map, but it seems they’re focused on altcoin traders and provide many options for Russians.

There’s even a video for newcomers 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 customers who plan to use bank transfers for putting the deposit. The verification process shouldn’t be presented publically, and all customers who wish to verify their account are directed to the contact page.

There are no trading limits tied to the verification.

The alternate helps the next FIAT currencies:

US dollar

EUR

Russian Ruble

With regards to digital currencies, there’s a huge number of supported altcoins. The entire list of supported coins is available on the website.

LiveCoin Fee Schedule

Livecoin utilizes a maker/taker charge model with aggressive charges for takers and bonuses for makers with a sliding scale depending on the month-to-month trade volume.

This means that each time person places a suggestion onto the exchange order book for different customers to take up, it get paid a bonus instead of paying trading fees. This mannequin encourages customers to truly provide liquidity instead of taking liquidity from the order book by accepting the provides from different users.

The bonuses range from 0.01 percent to 0.1 percent on each trade customers make, and previous trading quantity determines them.

In the case of taker fees, the alternate has very competitive fee model.

For volumes beneath 2,000 US dollars – 0.20 percent price of the quantity traded applies.

Because the monthly quantity will increase, the fees proportion drop. Finally, for volumes above 300,001 US dollars, the payment reaches the minimum of 0.01 % of the amount traded.

Deposit and withdrawal fees

Livecoin deposits and withdrawals in cryptocurrencies are free of charge. In terms of withdrawals in digital currencies, only minimal network fees apply.

FIAT foreign money deposits carry the next fees:

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 foreign money withdrawal charges are a bit decrease:

Payeer – 1 %

PerfectMoney – 1 p.c with a minimal of 1 US dollar

OkPay – 2.25 % with a minimum of 0.1 US dollar

Wire Transfer (SWIFT) – 1.5 percent + 9 US dollars or just 15 EUR

Capitalist.net – Freed from cost

Capitalist.net card – 0.ninety nine US dollars or EUR

The complete charge schedule, as well as withdrawal and order limits, will be discovered here.

Livecoin.net Trading Evaluation

Trading on Livecoin is straightforward, and the trade provides some good features. There are just a few types of orders:

Commonplace market order

Restrict order

Pending order

The primary are traditional orders on the majority of exchanges, however the third one is the place Livecoin shines. Pending orders are orders which are automatically triggered when the worth hits a certain stage specified by the trader. This can be very helpful in markets the place many rivals are attempting to be on prime of the order book or in cases where the consumer may influence 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.

Probably the greatest things about this change is their altcoin and FIAT foreign money pairs. Having this option makes things rather a lot easier and makes calculating revenue and loss less troublesome. It also removes a layer of pointless bills because of paying two sets of fees instead of just one. That’s because on the majority of the trading platform customers have to trade FIAT for Bitcoin after which Bitcoin for different coins. There are no FIAT/altcoin trading pairs. This characteristic makes Livecoin significantly attractive.

Ease of Use

The interface is nicely designed and relatively easy 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, but the website is responsive, and it appears good on mobile devices.

It appears lovely – it’s easy to use, and it’s load time is impressive.

Assist

The assist team from Livecoin.net is very professional and friendly. The types of help offered are 24/7 chat and electronic mail support. The change has a sort of remote FAQ page on Bitcointalk discussion board, which is quite intensive and an important place to ask any questions.

Consumer Expertise

There are usually not a single complaint in regards to the exchange on the Web in the intervening time of the writing of this review.

Security

The website presents two-factor authentication and PIN code as well as SMS and e mail notifications. There isn’t a information about the encryption of the emails or cold storage of the coins.

There were no hacking attacks up to now, meaning that this is a safe place for Bitcoins as well as altcoins.

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