Livecoin Detailed Evaluation: Characteristics, Pros and Cons

Livecoin is a website where you’ll be able to 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 goals to serve purchasers from everywhere in the globe; however, they appear to be targeted on traders from Russia. We now have made such a conclusion because they offer many features for Russian-talking people and even beginner video-guided tutorials are in Russian.

HOW IT WORKS?

After creating an account, you may also confirm it to use bank transfers and deposits, since this options are usually not available otherwise. Thus, there are not any explanations of verification process on the website as well as any public information about it – you’re just directed to the contact page if you’re on the lookout for verification. We suppose that it signifies that you have to contact website owners personally.

When you find yourself finished with all account preparations, you can start trading. The exchange supports the following fiat money: EUR, US dollar, RUB. As for the digital currencies, the list right here is fairly long. It consists of 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 provide bonuses for makers and fee sliding scale. It implies that the higher the volume you trade per thirty days, the less price you have to pay. Every time you place a proposal to an order book, you obtain a bonus instead of a trading fee. This is a nice scheme that encourages liquidity as well as an enormous quantity of trading offers. Bonuses are 0.01-0.1% relying on your earlier activity.

As for the taking fees, they rely upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the volume grows, so in case you reach above 300.000 dollars, your fee shall be 0.01%.

Cryptocurrency withdrawal charges are minimal right here and fiat forex withdrawal charges depend on the payment methodology you choose. The website supports Payeer, OkPay, Wire Transfer (SWIFT), Perfect Money, 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

Customary and Limit are traditional orders, available at most exchanges, while the Pending one is a novel function of Livecoin. These are the orders that are triggered automatically when the worth reaches a particular stage, mentioned by a trader. This feature saves the market from disturbance by hiding large orders from the general public view.

PROS

An amazing number of cryptocurrencies supported.

The website provides low charges + bonuses.

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

Buyer support is active 24/7 and available by way of online chat and email. In response to customers’ reviews discovered on the web, Livecoin’s support staff is skilled and willing to help.

The high level 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 one can find many available coins, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The security and customer assist are on a high stage, as well. In a word, we boldly recommend Livecoin to our readers.

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