Livecoin Detailed Assessment: Characteristics, Pros and Cons

Livecoin is a website the place you may 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 a world platform and aims to serve clients from everywhere in the globe; nonetheless, they seem to be centered on traders from Russia. We have made such a conclusion because they offer many features for Russian-talking folks and even newbie video-guided tutorials are in Russian.

HOW IT WORKS?

After creating an account, you may additionally verify it to make use of bank transfers and deposits, since this options aren’t available otherwise. Thus, there aren’t 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 you need to contact website owners personally.

If you find yourself executed with all account preparations, you can begin trading. The trade supports the next fiat cash: EUR, US greenback, RUB. As for the digital currencies, the list here is pretty long. It includes Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Basic, 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 implies that the higher the quantity you trade per 30 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 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 fees, they depend upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Fees drop as the volume grows, so if you happen to attain above 300.000 dollars, your fee shall be 0.01%.

Cryptocurrency withdrawal fees are minimal here and fiat foreign money withdrawal fees rely upon the cost method you choose. The website supports Payeer, OkPay, Wire Switch (SWIFT), Excellent Money, BTC-E vouchers, and Capitalist.net.

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

Commonplace order

Limit order

Pending order

Standard and Limit are traditional orders, available at most exchanges, while the Pending one is a unique feature of Livecoin. These are the orders that are triggered automatically when the value reaches a selected level, talked about by a trader. This function saves the market from disturbance by hiding large orders from the general public view.

PROS

An incredible 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 a lot easier.

Buyer support is active 24/7 and available via online chat and email. In line with clients’ critiques found on the web, Livecoin’s assist group is professional and prepared to help.

The high degree of security 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 efficient option for cryptocurrency trading. There you will see many available cash, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The safety and customer support are on a high level, as well. In a word, we boldly recommend Livecoin to our readers.

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