Livecoin Detailed Review: Characteristics, Pros and Cons

Livecoin is a website the place you can change your bitcoins to fiat foreign money 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 everywhere in the globe; nonetheless, they seem to be focused on traders from Russia. We’ve got made such a conclusion because they provide 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 usually are not available otherwise. Thus, there are no explanations of verification process on the website as well as any public details about it – you are just directed to the contact web page in case you are in search of verification. We suppose that it signifies that you need to contact website owners personally.

When you’re accomplished with all account preparations, you can begin trading. The alternate supports the next 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 provide bonuses for makers and price sliding scale. It means that the higher the volume you trade per 30 days, the less payment you must pay. Every time you place a proposal to an order book, you receive 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 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 volume grows, so if you attain above 300.000 dollars, your price shall be 0.01%.

Cryptocurrency withdrawal charges are minimal right here and fiat foreign money withdrawal charges rely on the fee method you choose. The website supports Payeer, OkPay, Wire Switch (SWIFT), Excellent Cash, BTC-E vouchers, and Capitalist.net.

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

Normal order

Limit order

Pending order

Customary and Limit are traditional orders, available at most exchanges, while the Pending one is a singular feature of Livecoin. These are the orders that are triggered automatically when the worth reaches a particular degree, mentioned by a trader. This function saves the market from disturbance by hiding massive orders from the public view.

PROS

An awesome number of cryptocurrencies supported.

The website provides low fees + bonuses.

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

Customer help is active 24/7 and available by way of online chat and email. Based on prospects’ reviews discovered on the web, Livecoin’s support staff is professional and willing 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 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 customer help are on a high degree, as well. In a word, we boldly suggest Livecoin to our readers.

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