Livecoin Detailed Overview: Characteristics, Pros and Cons

Livecoin is a website where you may 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 global platform and aims 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 provide many features for Russian-speaking folks and even beginner video-guided tutorials are in Russian.

HOW IT WORKS?

After creating an account, you might also confirm it to make use of bank transfers and deposits, since this options are 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 web page if you are on the lookout for verification. We suppose that it implies that you must contact website owners personally.

If you find yourself performed with all account preparations, you can start trading. The trade supports the next fiat cash: EUR, US greenback, RUB. As for the digital currencies, the list right here is fairly long. It contains Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Traditional, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.

As for the charges, Livecoin tries to keep them competitive. In addition, they provide bonuses for makers and charge sliding scale. It implies that the higher the amount you trade per thirty days, the less fee it’s important to pay. Each time you place a suggestion to an order book, you receive 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% relying in your earlier activity.

As for the taking fees, they depend upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the amount grows, so if you reach above 300.000 dollars, your charge shall be 0.01%.

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

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

Normal order

Limit 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 price reaches a particular stage, mentioned by a trader. This feature saves the market from disturbance by hiding massive orders from the general public view.

PROS

An important number of cryptocurrencies supported.

The website gives low charges + bonuses.

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

Customer assist is active 24/7 and available through on-line chat and email. In keeping with clients’ critiques discovered on the web, Livecoin’s assist staff is skilled and willing to help.

The high stage of security 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 consider that Livecoin is a good 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 customer support are on a high level, as well. In a word, we boldly advocate Livecoin to our readers.

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