Livecoin Detailed Review: Characteristics, Pros and Cons

Livecoin is a website where you may change your bitcoins to fiat currency and vice versa. This company appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.

Livecoin is a world platform and aims to serve purchasers from all around the globe; however, they appear to be focused on traders from Russia. We have made such a conclusion because they provide many features for Russian-speaking people and even beginner video-guided tutorials are in Russian.

HOW IT WORKS?

After creating an account, you might also verify it to use 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 page if you’re on the lookout for verification. We suppose that it implies that it’s important to contact website owners personally.

When you find yourself accomplished with all account preparations, you can start trading. The exchange supports the following fiat cash: EUR, US dollar, RUB. As for the digital currencies, the list here is fairly long. It consists of Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Traditional, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.

As for the fees, Livecoin tries to maintain them competitive. In addition, they provide bonuses for makers and payment sliding scale. It signifies that the higher the amount you trade monthly, the less payment it’s important to pay. Every time you place an offer to an order book, you obtain a bonus instead of a trading fee. This is a pleasant scheme that encourages liquidity as well as a big quantity of trading offers. Bonuses are 0.01-0.1% depending on your earlier activity.

As for the taking charges, 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 reach above 300.000 dollars, your fee might be 0.01%.

Cryptocurrency withdrawal fees are minimal here and fiat forex withdrawal fees rely upon the cost method you choose. The website supports Payeer, OkPay, Wire Transfer (SWIFT), Excellent 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 attempt:

Normal order

Limit order

Pending order

Normal 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 price reaches a specific stage, mentioned by a trader. This feature saves the market from disturbance by hiding giant orders from the general public view.

PROS

A terrific 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 via online chat and email. In response to clients’ opinions found on the web, Livecoin’s help workforce is professional and keen to help.

The high degree of safety 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 imagine that Livecoin is a good option for cryptocurrency trading. There you can see many available coins, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The security and customer assist are on a high level, as well. In a word, we boldly advocate Livecoin to our readers.

Добавить комментарий

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