Livecoin Detailed Evaluate: Traits, Pros and Cons

Livecoin is a website the place you can 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 clients from everywhere in the globe; nevertheless, they appear to be targeted on traders from Russia. We’ve got made such a conclusion because they provide many options for Russian-speaking people and even newbie 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 are not available otherwise. Thus, there aren’t any explanations of verification process on the website as well as any public information about it – you might be just directed to the contact page if you are in search of verification. We suppose that it implies that it’s important to contact website owners personally.

When you are executed 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 here is pretty long. It contains Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Basic, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.

As for the charges, Livecoin tries to maintain them competitive. In addition, they provide bonuses for makers and charge sliding scale. It means that the higher the volume you trade monthly, the less price you must pay. Each time you place a suggestion 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 on your earlier activity.

As for the taking charges, they rely on the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Fees drop as the amount grows, so in the event you attain above 300.000 dollars, your price shall be 0.01%.

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

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

Commonplace order

Restrict order

Pending order

Standard and Restrict are traditional orders, available at most exchanges, while the Pending one is a novel feature of Livecoin. These are the orders which are triggered automatically when the worth reaches a specific stage, mentioned 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 gives low charges + bonuses.

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

Customer support is active 24/7 and available by way of online chat and email. In response to clients’ evaluations found on the web, Livecoin’s support workforce is skilled and prepared to help.

The high level of safety is ensured by 2-factor authentication, PIN code and SMS/electronic mail notifications.

CONS

No margin trading, futures and derivatives.

The website doesn’t have a mobile application.

CONCLUSION

We consider that Livecoin is an effective option for cryptocurrency trading. There you can see many available cash, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The security and buyer support are on a high degree, as well. In a word, we boldly advocate Livecoin to our readers.

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