Livecoin is a Bitcoin and altcoin alternate platform that offers many foreign money pairs, including trading altcoins for FIAT currency.
The alternate was founded in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based mostly in Metairie, Louisiana, US.
The alternate doesn’t have a specified market they aim at the world map, nevertheless it seems they’re centered on altcoin traders and offer many features for Russians.
There’s even a video for beginners in Russian.
The verification process isn’t defined on the website, but it surely’s talked about on the Bitcointalk forum by the Livecoin personnel.
Apparently, the verification is only needed for the users who plan to use bank transfers for placing the deposit. The verification process isn’t presented publically, and all users who want to verify their account are directed to the contact page.
There are not any trading limits tied to the verification.
The alternate helps the next FIAT currencies:
When it comes to digital currencies, there’s an enormous number of supported altcoins. The whole list of supported coins is available on the website.
LiveCoin Payment Schedule
Livecoin utilizes a maker/taker fee mannequin with competitive charges for takers and bonuses for makers with a sliding scale depending on the month-to-month trade volume.
This means that every time consumer places a proposal onto the trade order book for different users to take up, it receives a commission a bonus instead of paying trading fees. This mannequin encourages users to really present liquidity instead of taking liquidity from the order book by accepting the affords from different users.
The bonuses range from 0.01 p.c to 0.1 percent on every trade users make, and past trading volume determines them.
Relating to taker fees, the exchange has very aggressive payment model.
For volumes below 2,000 US dollars – 0.20 % charge of the quantity traded applies.
As the monthly quantity will increase, the charges share drop. Finally, for volumes above 300,001 US dollars, the payment reaches the minimal of 0.01 percent of the amount traded.
Deposit and withdrawal fees
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. When it comes to withdrawals in digital currencies, only minimal network charges apply.
FIAT currency deposits carry the following charges:
Payeer – 7.5 %
PerfectMoney – 5.5 percent
OkPay – 1 percent
Wire Switch (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 p.c in USD and RUR, 5 percent in EUR
FIAT currency withdrawal charges are a bit decrease:
Payeer – 1 %
PerfectMoney – 1 % with a minimum of 1 US dollar
OkPay – 2.25 percent with a minimal of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 percent + 9 US dollars or just 15 EUR
Capitalist.net – Free of charge
Capitalist.net card – 0.99 US dollars or EUR
The complete charge schedule, as well as withdrawal and order limits, will be found here.
Livecoin.net Trading Analysis
Trading on Livecoin is easy, and the alternate presents some nice features. There are a number of types of orders:
Standard market order
The first are typical orders on the vast majority of exchanges, however the third one is where Livecoin shines. Pending orders are orders which are automatically triggered when the value hits a certain stage specified by the trader. This will be very helpful in markets where many opponents are trying to be on top of the order book or in cases the place the person could influence the market by inserting a big order. Pending order helps to keep away from the disturbance of the market by hiding offers from the books which everybody can see.
Among the best things about this alternate is their altcoin and FIAT forex pairs. Having this option makes things so much easier and makes calculating revenue and loss less troublesome. It also removes a layer of unnecessary bills because of paying two units of fees instead of just one. That’s because on nearly all of the trading platform users need to trade FIAT for Bitcoin and then Bitcoin for different coins. There aren’t any FIAT/altcoin trading pairs. This feature makes Livecoin notably attractive.
Ease of Use
The interface is properly designed and relatively simple to use. Everything is just a click away, and change between the markets is quicker than on the opposite exchanges.
The company doesn’t have apps for Android and iOS yet, but the website is responsive, and it seems to be good on mobile devices.
It appears to be like stunning – it’s easy 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 change has a kind of remote FAQ web page on Bitcointalk forum, which is sort of in depth and an important place to ask any questions.
There are not a single grievance in regards to the trade on the Web in the intervening time of the writing of this review.
The website gives two-factor authentication and PIN code as well as SMS and email notifications. There is no such thing as a details about the encryption of the emails or cold storage of the coins.
There have been no hacking assaults so far, which means that this is a safe place for Bitcoins as well as altcoins.