Livecoin Detailed Assessment: Characteristics, Pros and Cons

Livecoin is a website the place you may change your bitcoins to fiat currency and vice versa. This firm appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.

Livecoin is a global platform and aims to serve purchasers from all around the globe; nonetheless, they appear to be centered on traders from Russia. We now have made such a conclusion because they offer many options for Russian-talking folks and even beginner video-guided tutorials are in Russian.

HOW IT WORKS?

After creating an account, you might also confirm it to make use of bank transfers and deposits, since this options are not available otherwise. Thus, there are not any explanations of verification process on the website as well as any public information about it – you might be just directed to the contact page if you’re looking for verification. We suppose that it implies that you need to contact website owners personally.

If you end up carried out with all account preparations, you can start trading. The exchange helps the next fiat cash: EUR, US greenback, RUB. As for the digital currencies, the list right here is pretty long. It contains Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Classic, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.

As for the fees, Livecoin tries to keep them competitive. In addition, they provide bonuses for makers and price sliding scale. It signifies that the higher the amount you trade per month, the less charge you have to pay. Each time you place an offer to an order book, you receive a bonus instead of a trading fee. This is a pleasant scheme that encourages liquidity as well as a big quantity of trading offers. Bonuses are 0.01-0.1% depending on your previous activity.

As for the taking charges, they depend on the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the quantity grows, so in case you reach above 300.000 dollars, your price shall be 0.01%.

Cryptocurrency withdrawal charges are minimal right here and fiat foreign money withdrawal charges depend upon the fee methodology you choose. The website helps Payeer, OkPay, Wire Switch (SWIFT), Good Cash, BTC-E vouchers, and Capitalist.net.

The complete trading process is evident and simple. In addition, Livecoin has some interesting order types to attempt:

Commonplace order

Restrict order

Pending order

Normal and Limit are traditional orders, available at most exchanges, while the Pending one is a novel feature of Livecoin. These are the orders which can be triggered automatically when the price reaches a particular degree, mentioned by a trader. This feature saves the market from disturbance by hiding giant orders from the general public view.

PROS

A fantastic number of cryptocurrencies supported.

The website offers low charges + bonuses.

There are fiat/crypto trading pairs that make it easy to calculate your potential profit and makes things a lot easier.

Customer help is active 24/7 and available through online chat and email. According to clients’ reviews discovered on the web, Livecoin’s assist team is professional and keen to help.

The high level of safety is ensured by 2-factor authentication, PIN code and SMS/e-mail notifications.

CONS

No margin trading, futures and derivatives.

The website doesn’t have a mobile application.

CONCLUSION

We believe that Livecoin is an efficient option for cryptocurrency trading. There you will see many available coins, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The security and customer assist are on a high degree, as well. In a word, we boldly recommend Livecoin to our readers.

Добавить комментарий

Ваш e-mail не будет опубликован. Обязательные поля помечены *