Livecoin Detailed Evaluation: Characteristics, Pros and Cons

Livecoin is a website the place 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 global platform and aims to serve shoppers from everywhere in the globe; nonetheless, they appear to be targeted on traders from Russia. We have made such a conclusion because they provide many options for Russian-speaking people and even beginner video-guided tutorials are in Russian.

HOW IT WORKS?

After creating an account, you may additionally verify 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 details about it – you are just directed to the contact page if you’re on the lookout for verification. We suppose that it means that it’s a must to contact website owners personally.

When you find yourself finished with all account preparations, you can begin trading. The alternate supports the next fiat cash: EUR, US dollar, RUB. As for the digital currencies, the list right here is pretty long. It consists of 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 payment sliding scale. It means that the higher the quantity you trade per 30 days, the less payment it’s important to pay. Every time you place a proposal to an order book, you receive a bonus instead of a trading fee. This is a pleasant 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 amount grows, so when you attain above 300.000 dollars, your price will probably be 0.01%.

Cryptocurrency withdrawal charges are minimal right here and fiat forex withdrawal charges rely upon the cost technique you choose. The website helps Payeer, OkPay, Wire Switch (SWIFT), Perfect Cash, BTC-E vouchers, and Capitalist.net.

The whole trading process is clear and simple. In addition, Livecoin has some interesting order types to try:

Normal order

Restrict order

Pending order

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

PROS

A fantastic number of cryptocurrencies supported.

The website provides low charges + bonuses.

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

Customer help is active 24/7 and available through on-line chat and email. Based on prospects’ critiques found on the web, Livecoin’s support staff is professional and prepared to help.

The high degree 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 consider that Livecoin is an effective option for cryptocurrency trading. There one can find many available coins, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The safety and customer support are on a high level, as well. In a word, we boldly recommend Livecoin to our readers.

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