Livecoin Detailed Assessment: Traits, Pros and Cons

Livecoin is a website the place you’ll be able to 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 world platform and goals to serve shoppers from all around the globe; nonetheless, they appear to be centered on traders from Russia. We’ve got made such a conclusion because they provide many options for Russian-speaking folks and even beginner video-guided tutorials are in Russian.

HOW IT WORKS?

After creating an account, you might also verify 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 details about it – you might be just directed to the contact web page if you’re searching for verification. We suppose that it means that it’s important to contact website owners personally.

When you’re carried out with all account preparations, you can start trading. The change helps the next fiat money: EUR, US dollar, RUB. As for the digital currencies, the list right here is fairly long. It contains 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 supply bonuses for makers and fee sliding scale. It means that the higher the quantity you trade per 30 days, the less payment you must pay. Each time you place an offer to an order book, you receive 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% 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%. Charges drop as the quantity grows, so in the event you reach above 300.000 dollars, your price can be 0.01%.

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

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

Normal order

Restrict order

Pending order

Standard and Restrict are traditional orders, available at most exchanges, while the Pending one is a unique function of Livecoin. These are the orders which might be triggered automatically when the worth reaches a specific stage, mentioned by a trader. This feature saves the market from disturbance by hiding massive orders from the general public view.

PROS

A fantastic number of cryptocurrencies supported.

The website offers low fees + bonuses.

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

Customer support is active 24/7 and available through online chat and email. In line with customers’ evaluations discovered on the web, Livecoin’s assist workforce 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 imagine that Livecoin is a good 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 buyer assist are on a high level, as well. In a word, we boldly recommend Livecoin to our readers.

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