Livecoin is a Bitcoin and altcoin alternate platform that provides many currency pairs, together with trading altcoins for FIAT currency.
The exchange was founded in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based in Metairie, Louisiana, US.
The alternate doesn’t have a specified market they aim at the world map, however it appears they are targeted on altcoin traders and supply many features for Russians.
There’s even a video for learners in Russian.
The verification process isn’t explained on the website, nevertheless it’s talked about on the Bitcointalk discussion board by the Livecoin personnel.
Apparently, the verification is only needed for the customers who plan to make use of bank transfers for putting the deposit. The verification process is not introduced publically, and all customers who wish to verify their account are directed to the contact page.
There are not any trading limits tied to the verification.
The change supports the following FIAT currencies:
In terms of digital currencies, there’s an enormous number of supported altcoins. The complete list of supported cash is available on the website.
LiveCoin Payment Schedule
Livecoin utilizes a maker/taker price model with competitive charges for takers and bonuses for makers with a sliding scale relying on the month-to-month trade volume.
This means that every time consumer places a proposal onto the alternate order book for different users to take up, it receives a commission a bonus instead of paying trading fees. This model encourages users to really provide liquidity instead of taking liquidity from the order book by accepting the offers from different users.
The bonuses range from 0.01 percent to 0.1 percent on every trade customers make, and past trading volume determines them.
In the case of taker fees, the exchange has very aggressive payment model.
For volumes beneath 2,000 US dollars – 0.20 % charge of the quantity traded applies.
Because the month-to-month quantity increases, the fees proportion drop. Finally, for volumes above 300,001 US dollars, the payment reaches the minimal of 0.01 p.c of the amount traded.
Deposit and withdrawal fees
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. In the case of withdrawals in digital currencies, only minimal network fees apply.
FIAT forex deposits carry the following fees:
Payeer – 7.5 %
PerfectMoney – 5.5 %
OkPay – 1 percent
Wire Transfer (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 p.c in USD and RUR, 5 p.c in EUR
FIAT forex withdrawal charges are a bit lower:
Payeer – 1 percent
PerfectMoney – 1 percent with a minimal of 1 US greenback
OkPay – 2.25 p.c with a minimal of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 p.c + 9 US dollars or just 15 EUR
Capitalist.net – Freed from cost
Capitalist.net card – 0.ninety nine US dollars or EUR
The entire charge schedule, as well as withdrawal and order limits, might be found here.
Livecoin.net Trading Evaluation
Trading on Livecoin is straightforward, and the trade affords some nice features. There are a number of types of orders:
Standard market order
The first are traditional orders on nearly all of exchanges, but the third one is where Livecoin shines. Pending orders are orders which are automatically triggered when the price hits a sure stage specified by the trader. This may be very helpful in markets where many competitors are trying to be on prime of the order book or in cases where the consumer could affect the market by putting a big order. Pending order helps to keep away from the disturbance of the market by hiding affords from the books which everyone can see.
Top-of-the-line things about this alternate is their altcoin and FIAT currency pairs. Having this option makes things lots simpler and makes calculating profit and loss less troublesome. It additionally removes a layer of unnecessary expenses because of paying units of charges instead of just one. That’s because on the vast majority of the trading platform customers need to trade FIAT for Bitcoin after which Bitcoin for other coins. There are no FIAT/altcoin trading pairs. This function makes Livecoin particularly attractive.
Ease of Use
The interface is nicely designed and relatively simple to use. Everything is just a click away, and swap between the markets is quicker than on the opposite exchanges.
The corporate doesn’t have apps for Android and iOS but, but the website is responsive, and it seems to be good on mobile devices.
It appears lovely – it’s simple to use, and it’s load time is impressive.
The support team from Livecoin.net may be very skilled and friendly. The types of support offered are 24/7 chat and e-mail support. The trade has a form of distant FAQ page on Bitcointalk forum, which is kind of intensive and an ideal place to ask any questions.
There usually are not a single grievance concerning the change on the Web in the meanwhile of the writing of this review.
The website offers -factor authentication and PIN code as well as SMS and e-mail notifications. There is no such thing as a information about the encryption of the emails or cold storage of the coins.
There were no hacking assaults so far, which means that this is a safe place for Bitcoins as well as altcoins.