Livecoin Detailed Evaluation: Characteristics, Pros and Cons

Livecoin is a website the place you possibly can change your bitcoins to fiat foreign money 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 purchasers from all over the globe; nonetheless, they appear to be targeted on traders from Russia. We’ve made such a conclusion because they provide many features for Russian-talking individuals and even beginner 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 will not be available otherwise. Thus, there are not any explanations of verification process on the website as well as any public details about it – you are just directed to the contact page if you’re searching for verification. We suppose that it means that you have to contact website owners personally.

When you are performed with all account preparations, you can begin trading. The change helps the next fiat money: EUR, US dollar, RUB. As for the digital currencies, the list here is pretty long. It consists of Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Traditional, 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 charge sliding scale. It signifies that the higher the quantity you trade monthly, the less charge you need to pay. Every 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 big amount of trading offers. Bonuses are 0.01-0.1% depending in your previous activity.

As for the taking fees, 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 happen to reach above 300.000 dollars, your price shall be 0.01%.

Cryptocurrency withdrawal charges are minimal here and fiat foreign money withdrawal fees rely on the payment technique you choose. The website helps Payeer, OkPay, Wire Switch (SWIFT), Perfect Money, BTC-E vouchers, and Capitalist.net.

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

Normal order

Restrict order

Pending order

Commonplace and Limit are traditional orders, available at most exchanges, while the Pending one is a singular feature of Livecoin. These are the orders which might be triggered automatically when the worth reaches a particular degree, talked about by a trader. This characteristic saves the market from disturbance by hiding giant orders from the general public view.

PROS

An incredible number of cryptocurrencies supported.

The website gives low fees + bonuses.

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

Customer assist is active 24/7 and available by way of on-line chat and email. In keeping with customers’ critiques discovered on the web, Livecoin’s assist crew is skilled and keen to help.

The high degree of security 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 imagine that Livecoin is a good option for cryptocurrency trading. There you will see many available coins, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The safety and buyer help are on a high degree, as well. In a word, we boldly advocate Livecoin to our readers.

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