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 company appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.

Livecoin is an international platform and aims to serve purchasers from all over the globe; nevertheless, they seem to be centered on traders from Russia. We now have made such a conclusion because they offer many features for Russian-speaking folks 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 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 might be just directed to the contact web page if you’re searching for verification. We suppose that it implies that you have to contact website owners personally.

If you end up carried out with all account preparations, you can start trading. The alternate supports the following fiat money: EUR, US dollar, RUB. As for the digital currencies, the list 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 charges, Livecoin tries to keep 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 fee you must 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% relying in your previous 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 in case you reach above 300.000 dollars, your price might be 0.01%.

Cryptocurrency withdrawal charges are minimal right here and fiat foreign money withdrawal charges rely upon the cost technique you choose. The website supports Payeer, OkPay, Wire Transfer (SWIFT), Perfect Money, BTC-E vouchers, and Capitalist.net.

Your complete trading process is obvious and simple. In addition, Livecoin has some fascinating order types to strive:

Normal order

Restrict order

Pending order

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

PROS

An amazing number of cryptocurrencies supported.

The website affords low fees + bonuses.

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

Buyer support is active 24/7 and available through on-line chat and email. According to customers’ opinions discovered on the web, Livecoin’s help team is skilled and prepared to help.

The high stage of safety is ensured by 2-factor authentication, PIN code and SMS/electronic 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 find many available cash, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The safety and customer help are on a high level, as well. In a word, we boldly suggest Livecoin to our readers.

Добавить комментарий

Ваш e-mail не будет опубликован. Обязательные поля помечены *