Livecoin Detailed Overview: Traits, Pros and Cons

Livecoin is a website the place you possibly can change your bitcoins to fiat forex and vice versa. This firm appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.

Livecoin is an international platform and goals to serve purchasers from everywhere in the globe; nonetheless, they seem to be targeted on traders from Russia. We’ve got made such a conclusion because they offer many features for Russian-talking individuals and even newbie 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 aren’t available otherwise. Thus, there aren’t 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 in case you are looking for verification. We suppose that it implies that it’s important to contact website owners personally.

If you find yourself done with all account preparations, you can start trading. The alternate supports the next fiat money: EUR, US greenback, RUB. As for the digital currencies, the list here is pretty 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 maintain them competitive. In addition, they provide bonuses for makers and price sliding scale. It means that the higher the volume you trade per 30 days, the less fee you have to pay. Each 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 giant quantity of trading offers. Bonuses are 0.01-0.1% relying in your earlier activity.

As for the taking charges, they rely on the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Fees drop as the quantity grows, so when you reach above 300.000 dollars, your price might be 0.01%.

Cryptocurrency withdrawal fees are minimal right here and fiat currency withdrawal fees rely on the fee methodology you choose. The website supports Payeer, OkPay, Wire Transfer (SWIFT), Good Money, BTC-E vouchers, and Capitalist.net.

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

Standard order

Restrict order

Pending order

Normal and Restrict 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 value reaches a particular stage, mentioned by a trader. This characteristic saves the market from disturbance by hiding large orders from the general public view.

PROS

An awesome number of cryptocurrencies supported.

The website gives low fees + bonuses.

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

Buyer help is active 24/7 and available via online chat and email. Based on prospects’ reviews found on the web, Livecoin’s assist crew is skilled and keen 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 consider that Livecoin is an effective option for cryptocurrency trading. There you will see many available cash, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The security and buyer support are on a high level, as well. In a word, we boldly suggest Livecoin to our readers.

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