Livecoin is a Bitcoin and altcoin alternate platform that offers many currency pairs, together with trading altcoins for FIAT currency.
The change 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 intention at the world map, nevertheless it seems they’re targeted on altcoin traders and supply many features for Russians.
There’s even a video for freshmen in Russian.
The verification process isn’t explained on the website, but it surely’s mentioned on the Bitcointalk forum by the Livecoin personnel.
Apparently, the verification is only wanted for the users who plan to use bank transfers for placing the deposit. The verification process is not introduced publically, and all users who wish to confirm their account are directed to the contact page.
There are no trading limits tied to the verification.
The change supports the following FIAT currencies:
When it comes to digital currencies, there’s an enormous number of supported altcoins. The whole list of supported coins is available on the website.
LiveCoin Charge Schedule
Livecoin makes use of a maker/taker fee model with aggressive charges for takers and bonuses for makers with a sliding scale relying on the monthly trade volume.
This implies that each time person places a proposal onto the change order book for other customers to take up, it get paid a bonus instead of paying trading fees. This mannequin encourages users to really present liquidity instead of taking liquidity from the order book by accepting the provides from other users.
The bonuses range from 0.01 percent to 0.1 percent on each trade users make, and past trading volume determines them.
In relation to taker fees, the exchange has very competitive fee model.
For volumes below 2,000 US dollars – 0.20 percent price of the amount traded applies.
Because the month-to-month volume will increase, the fees share drop. Finally, for volumes above 300,001 US dollars, the fee reaches the minimum of 0.01 percent of the amount traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are free of charge. In relation to withdrawals in digital currencies, only minimal network fees apply.
FIAT forex deposits carry the next 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 % in USD and RUR, 5 p.c in EUR
FIAT currency withdrawal fees are a bit lower:
Payeer – 1 percent
PerfectMoney – 1 p.c with a minimal of 1 US dollar
OkPay – 2.25 p.c with a minimum of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 % + 9 US dollars or just 15 EUR
Capitalist.net – Freed from charge
Capitalist.net card – 0.ninety nine US dollars or EUR
The complete fee schedule, as well as withdrawal and order limits, can be discovered here.
Livecoin.net Trading Evaluation
Trading on Livecoin is simple, and the change affords some nice features. There are a few types of orders:
Commonplace market order
The first two are typical 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 value hits a sure level specified by the trader. This may be very useful in markets where many rivals are attempting to be on top of the order book or in cases the place the consumer could influence the market by putting a big order. Pending order helps to keep away from the disturbance of the market by hiding affords from the books which everybody can see.
Probably the greatest things about this alternate is their altcoin and FIAT foreign money pairs. Having this option makes things loads simpler and makes calculating profit and loss less troublesome. It additionally removes a layer of pointless expenses because of paying two sets of charges instead of just one. That’s because on the vast majority of the trading platform customers must trade FIAT for Bitcoin after which Bitcoin for different coins. There are not any FIAT/altcoin trading pairs. This characteristic makes Livecoin significantly attractive.
Ease of Use
The interface is properly designed and comparatively easy to use. Everything is just a click on away, and change between the markets is quicker than on the other exchanges.
The company doesn’t have apps for Android and iOS but, but the website is responsive, and it appears good on mobile devices.
It looks stunning – it’s simple to make use of, and it’s load time is impressive.
The assist staff from Livecoin.net may be very professional and friendly. The types of assist offered are 24/7 chat and email support. The trade has a kind of remote FAQ web page on Bitcointalk forum, which is quite intensive and an amazing place to ask any questions.
There should not a single grievance in regards to the alternate on the Web in the mean time of the writing of this review.
The website affords two-factor authentication and PIN code as well as SMS and electronic mail notifications. There isn’t any details about the encryption of the emails or cold storage of the coins.
There were no hacking attacks so far, meaning that this is a safe place for Bitcoins as well as altcoins.