Livecoin Detailed Evaluate: Characteristics, Pros and Cons

Livecoin is a website where you’ll be able to 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 an international platform and aims to serve shoppers from all around the globe; however, they seem to be centered on traders from Russia. We have made such a conclusion because they offer many features for Russian-talking individuals and even newbie video-guided tutorials are in Russian.

HOW IT WORKS?

After creating an account, you might also verify it to use 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’re just directed to the contact web page if you are on the lookout for verification. We suppose that it implies that you have to contact website owners personally.

When you’re finished with all account preparations, you can start trading. The trade helps the following fiat cash: EUR, US dollar, RUB. As for the digital currencies, the list right 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 keep them competitive. In addition, they supply bonuses for makers and charge sliding scale. It means that the higher the amount you trade per thirty days, the less payment you need to pay. Every time you place a proposal to an order book, you receive a bonus instead of a trading fee. This is a nice scheme that encourages liquidity as well as an enormous amount of trading offers. Bonuses are 0.01-0.1% depending on your previous activity.

As for the taking charges, they depend 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 charge can be 0.01%.

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

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

Normal order

Restrict order

Pending order

Customary and Limit are traditional orders, available at most exchanges, while the Pending one is a novel function of Livecoin. These are the orders which might be triggered automatically when the price reaches a selected degree, mentioned by a trader. This characteristic saves the market from disturbance by hiding massive orders from the general public view.

PROS

A terrific number of cryptocurrencies supported.

The website offers low charges + bonuses.

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

Buyer help is active 24/7 and available via on-line chat and email. In line with prospects’ opinions found on the web, Livecoin’s help workforce is professional and willing to help.

The high level of safety 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 an efficient option for cryptocurrency trading. There you will see many available cash, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The security and buyer assist are on a high stage, as well. In a word, we boldly suggest Livecoin to our readers.

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