Livecoin is a Bitcoin and altcoin exchange platform that gives 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 change doesn’t have a specified market they goal on the world map, however it seems they’re targeted on altcoin traders and provide many options for Russians.
There’s even a video for learners in Russian.
The verification process isn’t explained on the website, however it’s mentioned on the Bitcointalk discussion board 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 is not introduced publically, and all users who want to verify their account are directed to the contact page.
There are no trading limits tied to the verification.
The exchange supports the following FIAT currencies:
On the subject of digital currencies, there’s an enormous number of supported altcoins. The whole list of supported cash is available on the website.
LiveCoin Price Schedule
Livecoin utilizes a maker/taker fee model with aggressive charges for takers and bonuses for makers with a sliding scale depending on the month-to-month trade volume.
This implies that every time consumer places a proposal onto the alternate order book for other customers to take up, it get paid a bonus instead of paying trading fees. This model encourages users to actually present liquidity instead of taking liquidity from the order book by accepting the offers from other users.
The bonuses range from 0.01 % to 0.1 percent on every trade users make, and previous trading volume determines them.
With regards to taker charges, the change has very competitive price model.
For volumes beneath 2,000 US dollars – 0.20 % payment of the quantity traded applies.
As the month-to-month volume increases, the charges share drop. Finally, for volumes above 300,001 US dollars, the fee reaches the minimum of 0.01 % of the amount traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. With regards to withdrawals in digital currencies, only minimal network fees apply.
FIAT foreign money deposits carry the following fees:
Payeer – 7.5 percent
PerfectMoney – 5.5 p.c
OkPay – 1 p.c
Wire Transfer (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 percent in USD and RUR, 5 p.c in EUR
FIAT currency withdrawal charges are a bit lower:
Payeer – 1 p.c
PerfectMoney – 1 percent with a minimal of 1 US greenback
OkPay – 2.25 % with a minimal of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 percent + 9 US dollars or just 15 EUR
Capitalist.net – Free of charge
Capitalist.net card – 0.ninety nine US dollars or EUR
The whole fee schedule, as well as withdrawal and order limits, will be found here.
Livecoin.net Trading Evaluation
Trading on Livecoin is easy, and the exchange presents some good features. There are a couple of types of orders:
Normal market order
The primary are normal 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 level specified by the trader. This may be very helpful in markets the place many competitors are attempting to be on prime of the order book or in cases the place the person could influence the market by inserting a big order. Pending order helps to avoid the disturbance of the market by hiding provides from the books which everybody can see.
Among the best things about this alternate is their altcoin and FIAT forex pairs. Having this option makes things rather a lot easier and makes calculating profit and loss less troublesome. It additionally removes a layer of unnecessary bills because of paying sets of charges instead of just one. That’s because on nearly all of the trading platform customers have to trade FIAT for Bitcoin and then 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 simple to use. Everything is just a click away, and switch between the markets is quicker than on the opposite exchanges.
The company doesn’t have apps for Android and iOS but, however the website is responsive, and it looks good on mobile devices.
It looks beautiful – it’s simple to use, and it’s load time is impressive.
The support crew from Livecoin.net may be very skilled and friendly. The types of support offered are 24/7 chat and e mail support. The change has a sort of remote FAQ web page on Bitcointalk discussion board, which is sort of intensive and an incredible place to ask any questions.
There are usually not a single complaint concerning the exchange on the Web in the meanwhile of the writing of this review.
The website presents -factor authentication and PIN code as well as SMS and e mail notifications. There isn’t a details about the encryption of the emails or cold storage of the coins.
There were no hacking assaults up to now, which means that this is a safe place for Bitcoins as well as altcoins.