Livecoin Detailed Review: Characteristics, Pros and Cons

Livecoin is a website the place you can change your bitcoins to fiat currency 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 global 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 offer many options for Russian-talking people and even beginner 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 are usually not available otherwise. Thus, there aren’t any explanations of verification process on the website as well as any public information about it – you might be just directed to the contact web page if you’re on the lookout for verification. We suppose that it signifies that it’s a must to contact website owners personally.

When you’re done with all account preparations, you can start trading. The trade helps the following fiat money: EUR, US dollar, RUB. As for the digital currencies, the list here is pretty long. It includes Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Classic, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.

As for the charges, Livecoin tries to maintain them competitive. In addition, they supply bonuses for makers and price sliding scale. It means that the higher the volume you trade per thirty days, the less charge you must pay. Every 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 big quantity of trading offers. Bonuses are 0.01-0.1% depending in your previous 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 in the event you reach above 300.000 dollars, your fee might be 0.01%.

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

The entire trading process is obvious and simple. In addition, Livecoin has some fascinating order types to attempt:

Customary order

Limit order

Pending order

Commonplace and Restrict are traditional orders, available at most exchanges, while the Pending one is a unique function of Livecoin. These are the orders which are triggered automatically when the price reaches a selected 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 presents low charges + 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 through on-line chat and email. According to customers’ reviews discovered on the web, Livecoin’s help team is professional and prepared to help.

The high level of security 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 consider that Livecoin is an effective option for cryptocurrency trading. There you will find many available coins, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The safety and customer support are on a high degree, as well. In a word, we boldly recommend Livecoin to our readers.

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