Livecoin Detailed Review: Characteristics, 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 a world platform and aims to serve purchasers from all around the globe; however, they appear to be centered on traders from Russia. We’ve made such a conclusion because they offer many options for Russian-speaking individuals and even beginner video-guided tutorials are in Russian.

HOW IT WORKS?

After creating an account, you may additionally confirm it to use bank transfers and deposits, since this options will not be 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 if you are looking for verification. We suppose that it signifies that you must contact website owners personally.

If you find yourself accomplished with all account preparations, you can begin trading. The trade supports the following fiat cash: EUR, US dollar, RUB. As for the digital currencies, the list here is pretty long. It consists of Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Traditional, 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 payment sliding scale. It means that the higher the amount you trade per 30 days, the less price you have 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% relying 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 in case you reach above 300.000 dollars, your payment shall be 0.01%.

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

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

Customary order

Limit order

Pending order

Standard and Restrict are traditional orders, available at most exchanges, while the Pending one is a unique characteristic of Livecoin. These are the orders which are triggered automatically when the value reaches a particular degree, talked about by a trader. This function saves the market from disturbance by hiding large orders from the general public view.

PROS

A terrific number of cryptocurrencies supported.

The website affords low fees + bonuses.

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

Customer support is active 24/7 and available through online chat and email. According to clients’ opinions found on the web, Livecoin’s assist staff is skilled and prepared to help.

The high level 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 an efficient 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 safety and customer assist are on a high stage, as well. In a word, we boldly recommend Livecoin to our readers.

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