Livecoin Detailed Overview: Characteristics, Pros and Cons

Livecoin is a website the place you possibly 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 purchasers from all over the globe; nonetheless, they seem to be targeted on traders from Russia. Now we have made such a conclusion because they provide many options for Russian-speaking folks and even newbie 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 should not available otherwise. Thus, there are not any explanations of verification process on the website as well as any public details about it – you’re just directed to the contact web page if you’re in search of verification. We suppose that it means that it’s a must to contact website owners personally.

When you find yourself accomplished with all account preparations, you can begin trading. The change helps the next fiat cash: EUR, US dollar, RUB. As for the digital currencies, the list here is fairly long. It contains Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Basic, 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 price sliding scale. It implies that the higher the volume you trade per 30 days, the less price it’s important to pay. Every time you place a suggestion to an order book, you receive a bonus instead of a trading fee. This is a pleasant 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 rely on the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the quantity grows, so when you attain above 300.000 dollars, your price might be 0.01%.

Cryptocurrency withdrawal fees are minimal right here and fiat currency withdrawal fees depend upon the fee technique you choose. The website supports Payeer, OkPay, Wire Switch (SWIFT), Perfect Cash, BTC-E vouchers, and Capitalist.net.

Your complete trading process is obvious and simple. In addition, Livecoin has some attention-grabbing order types to try:

Normal order

Restrict 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 degree, mentioned by a trader. This characteristic saves the market from disturbance by hiding massive orders from the public view.

PROS

An ideal number of cryptocurrencies supported.

The website offers low fees + bonuses.

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

Buyer help is active 24/7 and available through on-line chat and email. Based on customers’ opinions discovered on the web, Livecoin’s assist crew is skilled and willing to help.

The high level 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 believe that Livecoin is a good option for cryptocurrency trading. There you can find many available cash, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The safety and buyer help are on a high level, as well. In a word, we boldly suggest Livecoin to our readers.

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