Livecoin Detailed Evaluation: Characteristics, Pros and Cons

Livecoin is a website where you can 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 clients 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 options for Russian-speaking individuals and even newbie 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 will not be 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 web page in case you are looking for verification. We suppose that it means that you have to contact website owners personally.

If you find yourself performed with all account preparations, you can start trading. The exchange helps the next fiat cash: EUR, US greenback, RUB. As for the digital currencies, the list here is fairly long. It includes 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 fee sliding scale. It signifies that the higher the volume you trade per month, the less charge you need to pay. Each time you place an offer to an order book, you obtain 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 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 quantity grows, so in the event you reach above 300.000 dollars, your price will likely be 0.01%.

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

Your entire trading process is clear and simple. In addition, Livecoin has some attention-grabbing order types to strive:

Normal order

Limit order

Pending order

Standard and Limit are traditional orders, available at most exchanges, while the Pending one is a novel characteristic of Livecoin. These are the orders that are triggered automatically when the value reaches a specific level, talked about by a trader. This characteristic saves the market from disturbance by hiding giant orders from the general public view.

PROS

A terrific number of cryptocurrencies supported.

The website affords low charges + bonuses.

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

Buyer assist is active 24/7 and available through on-line chat and email. In response to customers’ opinions found on the web, Livecoin’s help crew is professional and prepared to help.

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

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