Livecoin Detailed Assessment: Characteristics, Pros and Cons

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

Livecoin is a world platform and goals to serve clients from everywhere in the globe; nonetheless, they appear to be centered on traders from Russia. We have now made such a conclusion because they provide 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 verify it to use bank transfers and deposits, since this options aren’t available otherwise. Thus, there are not any explanations of verification process on the website as well as any public details about it – you are just directed to the contact page if you are in search of verification. We suppose that it implies that it’s important to contact website owners personally.

When you are done with all account preparations, you can begin trading. The exchange supports the following fiat cash: EUR, US greenback, RUB. As for the digital currencies, the list here is fairly long. It includes Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Traditional, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.

As for the fees, Livecoin tries to maintain them competitive. In addition, they supply bonuses for makers and payment sliding scale. It means that the higher the volume you trade per thirty days, the less charge you must pay. Every time you place a proposal to an order book, you obtain a bonus instead of a trading fee. This is a nice scheme that encourages liquidity as well as a big amount of trading offers. Bonuses are 0.01-0.1% relying in your previous activity.

As for the taking charges, they depend upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Fees drop as the volume grows, so in case you reach above 300.000 dollars, your payment will likely be 0.01%.

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

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

Normal order

Limit order

Pending order

Customary and Restrict are traditional orders, available at most exchanges, while the Pending one is a singular function of Livecoin. These are the orders that are triggered automatically when the price reaches a particular level, mentioned by a trader. This feature saves the market from disturbance by hiding massive orders from the general public view.

PROS

An important number of cryptocurrencies supported.

The website affords low fees + bonuses.

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

Buyer support is active 24/7 and available through online chat and email. In keeping with clients’ critiques found on the web, Livecoin’s support crew is skilled and prepared to help.

The high stage of security is ensured by 2-factor authentication, PIN code and SMS/email notifications.

CONS

No margin trading, futures and derivatives.

The website doesn’t have a mobile application.

CONCLUSION

We believe that Livecoin is a good option for cryptocurrency trading. There you will discover many available coins, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The security and customer support are on a high stage, as well. In a word, we boldly advocate Livecoin to our readers.

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