Livecoin is a Bitcoin and altcoin exchange platform that provides many forex pairs, together with trading altcoins for FIAT currency.
The alternate was founded in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are primarily based in Metairie, Louisiana, US.
The change doesn’t have a specified market they aim at the world map, but it surely appears they are centered on altcoin traders and supply many features for Russians.
There’s even a video for beginners in Russian.
The verification process isn’t explained on the website, but it’s talked about on the Bitcointalk forum by the Livecoin personnel.
Apparently, the verification is only needed for the users who plan to make use of bank transfers for placing the deposit. The verification process shouldn’t be introduced publically, and all users who want to confirm their account are directed to the contact page.
There aren’t any trading limits tied to the verification.
The exchange helps the next FIAT currencies:
In the case of digital currencies, there’s a huge number of supported altcoins. The complete list of supported cash is available on the website.
LiveCoin Fee Schedule
Livecoin utilizes a maker/taker payment model with aggressive charges for takers and bonuses for makers with a sliding scale depending on the month-to-month trade volume.
This signifies that every time consumer places a suggestion onto the change order book for different users to take up, it receives a commission a bonus instead of paying trading fees. This model encourages users to truly provide liquidity instead of taking liquidity from the order book by accepting the affords from other users.
The bonuses range from 0.01 p.c to 0.1 % on each trade customers make, and previous trading quantity determines them.
When it comes to taker charges, the change has very aggressive fee model.
For volumes beneath 2,000 US dollars – 0.20 p.c price of the amount traded applies.
Because the monthly quantity increases, the charges proportion drop. Finally, for volumes above 300,001 US dollars, the charge reaches the minimal of 0.01 percent of the quantity traded.
Deposit and withdrawal fees
Livecoin deposits and withdrawals in cryptocurrencies are free of charge. With regards to withdrawals in digital currencies, only minimal network fees apply.
FIAT foreign money deposits carry the following charges:
Payeer – 7.5 percent
PerfectMoney – 5.5 percent
OkPay – 1 percent
Wire Transfer (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 % in USD and RUR, 5 p.c in EUR
FIAT currency withdrawal charges are a bit lower:
Payeer – 1 p.c
PerfectMoney – 1 percent with a minimum of 1 US greenback
OkPay – 2.25 p.c with a minimum of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 % + 9 US dollars or just 15 EUR
Capitalist.net – Freed from cost
Capitalist.net card – 0.99 US dollars or EUR
The whole fee schedule, as well as withdrawal and order limits, will be discovered here.
Livecoin.net Trading Evaluation
Trading on Livecoin is straightforward, and the trade offers some good features. There are just a few types of orders:
Normal market order
The first are usual orders on the vast majority of exchanges, however the third one is the place Livecoin shines. Pending orders are orders which are automatically triggered when the price hits a certain degree specified by the trader. This may be very helpful in markets the place many competitors are trying to be on top of the order book or in cases the place the consumer may affect the market by inserting a large order. Pending order helps to keep away from the disturbance of the market by hiding presents from the books which everyone can see.
Among the best things about this exchange is their altcoin and FIAT currency pairs. Having this option makes things a lot simpler and makes calculating revenue and loss less troublesome. It also removes a layer of unnecessary bills because of paying two sets of fees instead of just one. That’s because on nearly all of the trading platform customers must trade FIAT for Bitcoin after which Bitcoin for different coins. There aren’t any FIAT/altcoin trading pairs. This function makes Livecoin notably attractive.
Ease of Use
The interface is properly designed and relatively easy to use. Everything is just a click on away, and switch between the markets is quicker than on the opposite exchanges.
The company 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 to be like beautiful – it’s straightforward to make use of, and it’s load time is impressive.
The help team from Livecoin.net could be very professional and friendly. The types of help offered are 24/7 chat and e mail support. The change has a type of remote FAQ page on Bitcointalk discussion board, which is kind of extensive and an important place to ask any questions.
There are usually not a single grievance concerning the trade on the Web in the mean time of the writing of this review.
The website presents two-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 have been no hacking attacks to date, meaning that this is a safe place for Bitcoins as well as altcoins.