Livecoin Detailed Evaluate: Characteristics, Pros and Cons

Livecoin is a website where 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 shoppers from all over the globe; however, they appear to be targeted on traders from Russia. Now 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 confirm it to make use of bank transfers and deposits, since this options are usually not available otherwise. Thus, there are no explanations of verification process on the website as well as any public details about it – you’re just directed to the contact page if you’re on the lookout for verification. We suppose that it signifies that it’s important to contact website owners personally.

If you end up performed with all account preparations, you can begin trading. The change supports the next fiat cash: EUR, US greenback, RUB. As for the digital currencies, the list here is pretty long. It contains Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Classic, 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 price sliding scale. It means that the higher the amount you trade monthly, the less fee it’s a must to pay. Each 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 a giant quantity of trading offers. Bonuses are 0.01-0.1% depending in your earlier activity.

As for the taking charges, they depend upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the volume grows, so when you attain above 300.000 dollars, your payment might be 0.01%.

Cryptocurrency withdrawal charges are minimal here and fiat currency withdrawal charges depend upon the fee methodology you choose. The website supports Payeer, OkPay, Wire Transfer (SWIFT), Excellent Cash, BTC-E vouchers, and Capitalist.net.

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

Commonplace order

Restrict order

Pending order

Commonplace and Restrict are traditional orders, available at most exchanges, while the Pending one is a unique characteristic of Livecoin. These are the orders that are triggered automatically when the value reaches a particular stage, mentioned by a trader. This characteristic saves the market from disturbance by hiding massive orders from the general public view.

PROS

An awesome number of cryptocurrencies supported.

The website provides low fees + bonuses.

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

Customer support is active 24/7 and available through on-line chat and email. In response to clients’ opinions discovered on the web, Livecoin’s help staff is professional and willing to help.

The high degree 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 believe that Livecoin is an efficient option for cryptocurrency trading. There you’ll discover many available coins, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The safety and customer support are on a high stage, as well. In a word, we boldly suggest Livecoin to our readers.

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