Livecoin is a Bitcoin and altcoin change platform that provides many forex pairs, including 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 alternate doesn’t have a specified market they purpose on the world map, nevertheless it appears they are targeted on altcoin traders and provide many features for Russians.
There’s even a video for rookies in Russian.
The verification process isn’t defined on the website, however it’s talked about on the Bitcointalk discussion board by the Livecoin personnel.
Apparently, the verification is only needed for the customers who plan to use bank transfers for placing the deposit. The verification process is not offered publically, and all customers who are looking to confirm their account are directed to the contact page.
There are not any trading limits tied to the verification.
The exchange helps the next 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 Price Schedule
Livecoin makes use of a maker/taker price mannequin with aggressive charges for takers and bonuses for makers with a sliding scale relying on the month-to-month trade volume.
This means that every time user places a suggestion onto the trade order book for different customers to take up, it get paid a bonus instead of paying trading fees. This mannequin encourages users to actually provide 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 p.c on every trade users make, and previous trading volume determines them.
In terms of taker fees, the trade has very aggressive charge model.
For volumes under 2,000 US dollars – 0.20 % payment of the amount traded applies.
Because the month-to-month quantity will increase, the fees proportion drop. Finally, for volumes above 300,001 US dollars, the charge reaches the minimal of 0.01 p.c 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 currency deposits carry the next charges:
Payeer – 7.5 %
PerfectMoney – 5.5 percent
OkPay – 1 percent
Wire Transfer (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 % in USD and RUR, 5 % in EUR
FIAT currency withdrawal charges are a bit lower:
Payeer – 1 %
PerfectMoney – 1 % with a minimum of 1 US dollar
OkPay – 2.25 percent with a minimal of 0.1 US dollar
Wire Switch (SWIFT) – 1.5 p.c + 9 US dollars or just 15 EUR
Capitalist.net – Freed from charge
Capitalist.net card – 0.99 US dollars or EUR
The complete payment schedule, as well as withdrawal and order limits, can be found here.
Livecoin.net Trading Analysis
Trading on Livecoin is straightforward, and the trade presents some nice features. There are a few types of orders:
Customary market order
The first are normal orders on the vast 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 level 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 the place the person may influence the market by placing a large order. Pending order helps to keep away from the disturbance of the market by hiding presents from the books which everybody can see.
Top-of-the-line things about this trade is their altcoin and FIAT forex pairs. Having this option makes things so much simpler and makes calculating revenue and loss less troublesome. It additionally removes a layer of pointless bills because of paying units of charges instead of just one. That’s because on nearly all of the trading platform users must trade FIAT for Bitcoin after which Bitcoin for different coins. There are no FIAT/altcoin trading pairs. This characteristic makes Livecoin notably attractive.
Ease of Use
The interface is nicely designed and comparatively straightforward to use. Everything is just a click on away, and switch between the markets is faster than on the other exchanges.
The corporate doesn’t have apps for Android and iOS but, but the website is responsive, and it appears good on mobile devices.
It appears lovely – it’s simple to make use of, and it’s load time is impressive.
The support team from Livecoin.net is very skilled and friendly. The types of assist offered are 24/7 chat and electronic mail support. The change has a sort of remote FAQ page on Bitcointalk forum, which is quite intensive and an incredible place to ask any questions.
There will not be a single complaint in regards to the exchange on the Web in the mean time of the writing of this review.
The website gives two-factor authentication and PIN code as well as SMS and e mail notifications. There is no such thing as a details about the encryption of the emails or cold storage of the coins.
There were no hacking attacks so far, that means that this is a safe place for Bitcoins as well as altcoins.