Livecoin is a Bitcoin and altcoin exchange platform that gives many currency pairs, including trading altcoins for FIAT currency.
The change was based in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based mostly in Metairie, Louisiana, US.
The trade doesn’t have a specified market they goal on the world map, nevertheless it appears they are centered on altcoin traders and supply many features for Russians.
There’s even a video for novices in Russian.
The verification process isn’t explained on the website, but it surely’s mentioned on the Bitcointalk forum by the Livecoin personnel.
Apparently, the verification is only wanted for the users who plan to make use of bank transfers for putting the deposit. The verification process just isn’t introduced publically, and all users who need to confirm their account are directed to the contact page.
There are not any trading limits tied to the verification.
The alternate supports the following FIAT currencies:
Relating to digital currencies, there’s a huge number of supported altcoins. The entire list of supported cash is available on the website.
LiveCoin Fee Schedule
Livecoin makes use of a maker/taker charge mannequin with aggressive charges for takers and bonuses for makers with a sliding scale relying on the monthly trade volume.
This means that every time person places a proposal onto the change order book for other users to take up, it receives a commission a bonus instead of paying trading fees. This model encourages customers to truly present liquidity instead of taking liquidity from the order book by accepting the presents from other users.
The bonuses range from 0.01 % to 0.1 p.c on every trade customers make, and past trading volume determines them.
In relation to taker charges, the exchange has very aggressive price model.
For volumes under 2,000 US dollars – 0.20 p.c price of the amount traded applies.
As the monthly volume will increase, the fees share drop. Finally, for volumes above 300,001 US dollars, the price reaches the minimum of 0.01 p.c of the amount traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. When it comes to withdrawals in digital currencies, only minimal network fees apply.
FIAT currency deposits carry the next fees:
Payeer – 7.5 percent
PerfectMoney – 5.5 %
OkPay – 1 p.c
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 fees are a bit lower:
Payeer – 1 %
PerfectMoney – 1 percent with a minimum of 1 US greenback
OkPay – 2.25 p.c with a minimum of 0.1 US greenback
Wire Switch (SWIFT) – 1.5 % + 9 US dollars or just 15 EUR
Capitalist.net – Free of cost
Capitalist.net card – 0.99 US dollars or EUR
The complete fee schedule, as well as withdrawal and order limits, will be discovered here.
Livecoin.net Trading Analysis
Trading on Livecoin is easy, and the exchange provides some good features. There are a few types of orders:
Standard market order
The primary are typical orders on nearly all of exchanges, but the third one is where Livecoin shines. Pending orders are orders which are automatically triggered when the worth hits a certain level specified by the trader. This will be very helpful in markets the place many opponents are trying to be on top of the order book or in cases where the user may affect the market by placing 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 exchange is their altcoin and FIAT forex pairs. Having this option makes things quite a bit simpler and makes calculating revenue and loss less troublesome. It also removes a layer of pointless bills because of paying sets of charges instead of just one. That’s because on nearly all of the trading platform customers must trade FIAT for Bitcoin and then Bitcoin for different coins. There aren’t any FIAT/altcoin trading pairs. This function makes Livecoin particularly attractive.
Ease of Use
The interface is nicely designed and relatively easy to use. Everything is just a click on away, and switch between the markets is faster than on the other exchanges.
The corporate doesn’t have apps for Android and iOS but, however the website is responsive, and it seems good on mobile devices.
It looks stunning – it’s simple to use, and it’s load time is impressive.
The assist team from Livecoin.net is very skilled and friendly. The types of help offered are 24/7 chat and e-mail support. The trade has a kind of remote FAQ page on Bitcointalk forum, which is sort of in depth and a terrific place to ask any questions.
There are usually not a single grievance concerning the exchange on the Web in the meanwhile of the writing of this review.
The website affords -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 to date, meaning that this is a safe place for Bitcoins as well as altcoins.