Livecoin is a Bitcoin and altcoin alternate platform that offers many currency pairs, including trading altcoins for FIAT currency.
The exchange was founded in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based in Metairie, Louisiana, US.
The alternate doesn’t have a specified market they intention on the world map, but it seems they are focused on altcoin traders and supply many features for Russians.
There’s even a video for beginners in Russian.
The verification process isn’t defined on the website, but it surely’s talked about on the Bitcointalk discussion board by the Livecoin personnel.
Apparently, the verification is only wanted for the customers who plan to use bank transfers for placing the deposit. The verification process just isn’t presented publically, and all users who wish to confirm their account are directed to the contact page.
There aren’t any trading limits tied to the verification.
The change helps the next FIAT currencies:
With regards 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 price mannequin with competitive fees for takers and bonuses for makers with a sliding scale depending on the month-to-month trade volume.
This means that every time user places a proposal 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 users to actually present liquidity instead of taking liquidity from the order book by accepting the presents from other users.
The bonuses range from 0.01 p.c to 0.1 % on each trade customers make, and previous trading quantity determines them.
With regards to taker charges, the change has very competitive charge model.
For volumes beneath 2,000 US dollars – 0.20 percent charge of the amount traded applies.
Because the monthly quantity will increase, the charges share drop. Finally, for volumes above 300,001 US dollars, the payment reaches the minimum of 0.01 p.c of the amount traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are free of charge. In terms of withdrawals in digital currencies, only minimal network charges apply.
FIAT forex deposits carry the next charges:
Payeer – 7.5 percent
PerfectMoney – 5.5 percent
OkPay – 1 percent
Wire Transfer (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 p.c in USD and RUR, 5 percent in EUR
FIAT currency withdrawal fees are a bit decrease:
Payeer – 1 %
PerfectMoney – 1 % with a minimum of 1 US dollar
OkPay – 2.25 % with a minimum of 0.1 US dollar
Wire Switch (SWIFT) – 1.5 p.c + 9 US dollars or just 15 EUR
Capitalist.net – Free of charge
Capitalist.net card – 0.99 US dollars or EUR
The entire price schedule, as well as withdrawal and order limits, can be found here.
Livecoin.net Trading Analysis
Trading on Livecoin is straightforward, and the alternate gives some nice features. There are a couple of types of orders:
Standard market order
The first two 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 value hits a sure degree specified by the trader. This may be very helpful in markets the place many opponents try to be on high of the order book or in cases where the user may affect the market by inserting a big order. Pending order helps to keep away from the disturbance of the market by hiding presents from the books which everyone can see.
Probably the greatest things about this trade 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 additionally removes a layer of pointless expenses because of paying sets of fees instead of just one. That’s because on nearly all of the trading platform users 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 nicely designed and relatively straightforward 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, however the website is responsive, and it seems to be good on mobile devices.
It seems stunning – it’s straightforward to make use of, and it’s load time is impressive.
The help team from Livecoin.net may be very skilled and friendly. The types of help offered are 24/7 chat and email support. The trade has a type of distant FAQ web page on Bitcointalk forum, which is kind of intensive and a terrific place to ask any questions.
There will not be a single criticism about the exchange on the Web in the intervening time of the writing of this review.
The website offers -factor authentication and PIN code as well as SMS and email notifications. There is no such thing as a information about the encryption of the emails or cold storage of the coins.
There were no hacking attacks up to now, that means that this is a safe place for Bitcoins as well as altcoins.