Livecoin is a Bitcoin and altcoin exchange platform that provides many currency pairs, together with trading altcoins for FIAT currency.
The alternate was based in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are primarily based in Metairie, Louisiana, US.
The alternate doesn’t have a specified market they intention on the world map, nevertheless it seems they are targeted on altcoin traders and supply many features for Russians.
There’s even a video for rookies in Russian.
The verification process isn’t explained on the website, but it surely’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 placing the deposit. The verification process just isn’t offered publically, and all users who are looking to verify their account are directed to the contact page.
There are no trading limits tied to the verification.
The exchange supports the next FIAT currencies:
In relation to digital currencies, there’s a huge number of supported altcoins. The complete list of supported coins is available on the website.
LiveCoin Price Schedule
Livecoin utilizes a maker/taker payment mannequin with aggressive charges for takers and bonuses for makers with a sliding scale relying on the month-to-month trade volume.
This implies that every time consumer places a suggestion onto the trade order book for different customers to take up, it receives a commission a bonus instead of paying trading fees. This mannequin encourages users to actually provide liquidity instead of taking liquidity from the order book by accepting the affords from other users.
The bonuses range from 0.01 % to 0.1 percent on each trade customers make, and past trading volume determines them.
In terms of taker fees, the exchange has very aggressive charge model.
For volumes below 2,000 US dollars – 0.20 p.c charge of the amount traded applies.
Because the monthly quantity will increase, the charges share drop. Finally, for volumes above 300,001 US dollars, the payment reaches the minimum of 0.01 percent of the quantity traded.
Deposit and withdrawal fees
Livecoin deposits and withdrawals in cryptocurrencies are free of charge. Relating to withdrawals in digital currencies, only minimal network charges apply.
FIAT currency deposits carry the next fees:
Payeer – 7.5 p.c
PerfectMoney – 5.5 %
OkPay – 1 percent
Wire Transfer (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 percent in USD and RUR, 5 p.c in EUR
FIAT foreign money withdrawal fees are a bit decrease:
Payeer – 1 percent
PerfectMoney – 1 p.c with a minimal of 1 US greenback
OkPay – 2.25 p.c with a minimum of 0.1 US dollar
Wire Switch (SWIFT) – 1.5 % + 9 US dollars or just 15 EUR
Capitalist.net – Free of cost
Capitalist.net card – 0.ninety nine US dollars or EUR
The complete charge schedule, as well as withdrawal and order limits, may be found here.
Livecoin.net Trading Analysis
Trading on Livecoin is easy, and the change presents some nice features. There are a number of types of orders:
Commonplace market order
The primary two are regular orders on the 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 will be very helpful in markets the place many competitors are trying to be on high of the order book or in cases the place the user might influence the market by putting a large order. Pending order helps to keep away from the disturbance of the market by hiding affords from the books which everybody can see.
Among the best things about this change is their altcoin and FIAT foreign money pairs. Having this option makes things loads simpler and makes calculating profit and loss less troublesome. It additionally removes a layer of pointless expenses because of paying sets of fees instead of just one. That’s because on the vast majority of the trading platform customers need to trade FIAT for Bitcoin and then Bitcoin for different coins. There aren’t any FIAT/altcoin trading pairs. This feature makes Livecoin significantly attractive.
Ease of Use
The interface is nicely designed and relatively easy to use. Everything is just a click away, and switch between the markets is faster 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 looks stunning – it’s straightforward to make use of, and it’s load time is impressive.
The assist staff from Livecoin.net is very professional and friendly. The types of help offered are 24/7 chat and email support. The alternate has a type of distant FAQ page on Bitcointalk discussion board, which is kind of intensive and an ideal place to ask any questions.
There aren’t a single criticism about the change on the Web in the intervening time of the writing of this review.
The website gives -factor authentication and PIN code as well as SMS and e-mail notifications. There is no information about the encryption of the emails or cold storage of the coins.
There have been no hacking assaults to date, meaning that this is a safe place for Bitcoins as well as altcoins.