Livecoin Detailed Assessment: Characteristics, Pros and Cons

Livecoin is a website where you possibly can change your bitcoins to fiat foreign money and vice versa. This firm appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.

Livecoin is an international platform and goals to serve shoppers from all around the globe; however, they seem to be targeted on traders from Russia. We’ve got made such a conclusion because they offer many options for Russian-speaking individuals and even newbie video-guided tutorials are in Russian.

HOW IT WORKS?

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

If you find yourself completed with all account preparations, you can begin trading. The change helps the next fiat cash: EUR, US dollar, RUB. As for the digital currencies, the list right here is fairly long. It consists of Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Basic, 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 fee sliding scale. It implies that the higher the volume you trade monthly, the less charge it’s important to pay. Every time you place a suggestion 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 in your previous activity.

As for the taking charges, they rely on the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Fees drop as the quantity grows, so if you attain above 300.000 dollars, your payment will probably be 0.01%.

Cryptocurrency withdrawal charges are minimal here and fiat currency withdrawal fees depend on the fee methodology you choose. The website helps Payeer, OkPay, Wire Transfer (SWIFT), Good Cash, BTC-E vouchers, and Capitalist.net.

Your entire trading process is obvious and simple. In addition, Livecoin has some attention-grabbing order types to attempt:

Standard order

Restrict order

Pending order

Normal and Limit are traditional orders, available at most exchanges, while the Pending one is a novel characteristic of Livecoin. These are the orders that are triggered automatically when the value reaches a selected stage, talked about by a trader. This characteristic saves the market from disturbance by hiding massive orders from the general public view.

PROS

An excellent number of cryptocurrencies supported.

The website gives low charges + bonuses.

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

Buyer support is active 24/7 and available via online chat and email. In accordance with customers’ opinions discovered on the web, Livecoin’s help group is professional and keen to help.

The high stage 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 consider that Livecoin is a good option for cryptocurrency trading. There you’ll discover many available coins, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The safety and buyer assist are on a high degree, as well. In a word, we boldly advocate Livecoin to our readers.

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