Livecoin is a Bitcoin and altcoin trade platform that gives many currency pairs, together with trading altcoins for FIAT currency.
The change was based in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based mostly in Metairie, Louisiana, US.
The trade doesn’t have a specified market they purpose on the world map, but it seems they’re targeted on altcoin traders and offer many features for Russians.
There’s even a video for newbies in Russian.
The verification process isn’t explained on the website, however it’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 will not be presented 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 trade helps the next FIAT currencies:
On the subject of digital currencies, there’s a huge number of supported altcoins. The whole list of supported coins is available on the website.
LiveCoin Charge Schedule
Livecoin utilizes a maker/taker price mannequin with competitive charges for takers and bonuses for makers with a sliding scale relying on the monthly trade volume.
This means that each time consumer places an offer onto the alternate order book for other users to take up, it get paid a bonus instead of paying trading fees. This model encourages customers to really provide liquidity instead of taking liquidity from the order book by accepting the affords from other users.
The bonuses range from 0.01 p.c to 0.1 % on every trade users make, and past trading quantity determines them.
When it comes to taker fees, the exchange has very aggressive charge model.
For volumes beneath 2,000 US dollars – 0.20 p.c fee of the quantity traded applies.
As the monthly volume will increase, the fees share drop. Finally, for volumes above 300,001 US dollars, the price reaches the minimum of 0.01 percent of the quantity traded.
Deposit and withdrawal fees
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. In the case of withdrawals in digital currencies, only minimal network charges apply.
FIAT currency deposits carry the following charges:
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 % in EUR
FIAT forex withdrawal fees are a bit lower:
Payeer – 1 p.c
PerfectMoney – 1 p.c with a minimum of 1 US dollar
OkPay – 2.25 p.c 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 cost
Capitalist.net card – 0.ninety nine US dollars or EUR
The whole payment schedule, as well as withdrawal and order limits, will be found here.
Livecoin.net Trading Analysis
Trading on Livecoin is easy, and the trade offers some nice features. There are a few types of orders:
Normal market order
The first are typical orders on nearly all of exchanges, but the third one is the place Livecoin shines. Pending orders are orders which are automatically triggered when the worth hits a sure stage specified by the trader. This could be very helpful in markets where many rivals are trying to be on top of the order book or in cases the place the consumer could 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 everybody can see.
Among the best things about this change is their altcoin and FIAT currency pairs. Having this option makes things quite a bit easier and makes calculating revenue and loss less troublesome. It additionally removes a layer of pointless bills because of paying two units of fees instead of just one. That’s because on the vast majority of the trading platform users have to trade FIAT for Bitcoin and then Bitcoin for other coins. There are not any FIAT/altcoin trading pairs. This function makes Livecoin notably attractive.
Ease of Use
The interface is properly designed and relatively straightforward to use. Everything is just a click on away, and change between the markets is quicker than on the opposite exchanges.
The company doesn’t have apps for Android and iOS yet, but the website is responsive, and it appears to be like good on mobile devices.
It seems to be lovely – it’s straightforward to use, and it’s load time is impressive.
The help team from Livecoin.net is very professional and friendly. The types of help offered are 24/7 chat and electronic mail support. The trade has a kind of remote FAQ web page on Bitcointalk discussion board, which is sort of intensive and an ideal place to ask any questions.
There should not a single criticism concerning the trade on the Web at the moment of the writing of this review.
The website provides two-factor authentication and PIN code as well as SMS and e-mail 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 so far, that means that this is a safe place for Bitcoins as well as altcoins.