Livecoin Detailed Assessment: Characteristics, Pros and Cons

Livecoin is a website where you possibly can change your bitcoins to fiat forex 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 clients from everywhere in the globe; however, they seem to be focused on traders from Russia. We’ve got made such a conclusion because they offer many features 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 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 might be just directed to the contact web page in case you are on the lookout for verification. We suppose that it signifies that it’s a must to contact website owners personally.

When you are performed with all account preparations, you can begin trading. The trade helps the next fiat cash: EUR, US dollar, RUB. As for the digital currencies, the list here is pretty long. It consists of Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Traditional, 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 charge sliding scale. It implies that the higher the amount you trade per thirty days, the less charge you have to pay. Every time you place an offer to an order book, you obtain a bonus instead of a trading fee. This is a nice scheme that encourages liquidity as well as an enormous quantity of trading offers. Bonuses are 0.01-0.1% depending in your earlier activity.

As for the taking fees, they rely on the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Fees drop as the volume grows, so when you attain above 300.000 dollars, your fee can be 0.01%.

Cryptocurrency withdrawal fees are minimal right here and fiat foreign money withdrawal fees rely on the fee technique you choose. The website helps Payeer, OkPay, Wire Switch (SWIFT), Excellent Money, BTC-E vouchers, and Capitalist.net.

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

Commonplace order

Limit order

Pending order

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

PROS

A great number of cryptocurrencies supported.

The website presents low fees + bonuses.

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

Buyer help is active 24/7 and available by way of on-line chat and email. Based on clients’ critiques discovered on the web, Livecoin’s assist staff 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 imagine that Livecoin is an effective option for cryptocurrency trading. There you’ll find many available coins, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The safety and customer help are on a high level, as well. In a word, we boldly advocate Livecoin to our readers.

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