Livecoin is a Bitcoin and altcoin change platform that provides many currency pairs, including trading altcoins for FIAT currency.
The trade was based in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based mostly in Metairie, Louisiana, US.
The exchange doesn’t have a specified market they intention at the world map, however it appears they are centered 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, but it surely’s mentioned on the Bitcointalk discussion board 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 is just not offered publically, and all customers 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:
When it comes to digital currencies, there’s an enormous number of supported altcoins. The complete list of supported coins is available on the website.
LiveCoin Fee Schedule
Livecoin utilizes a maker/taker fee model with aggressive fees for takers and bonuses for makers with a sliding scale depending on the month-to-month trade volume.
This signifies that each time person places an offer onto the alternate order book for different customers to take up, it get paid a bonus instead of paying trading fees. This model encourages users to truly present liquidity instead of taking liquidity from the order book by accepting the gives from other users.
The bonuses range from 0.01 % to 0.1 p.c on each trade users make, and previous trading quantity determines them.
In relation to taker fees, the trade has very competitive fee model.
For volumes below 2,000 US dollars – 0.20 percent price of the amount traded applies.
As the month-to-month volume will increase, the charges percentage drop. Finally, for volumes above 300,001 US dollars, the price reaches the minimal of 0.01 p.c of the quantity traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. In terms of withdrawals in digital currencies, only minimal network fees apply.
FIAT foreign money deposits carry the following charges:
Payeer – 7.5 %
PerfectMoney – 5.5 %
OkPay – 1 p.c
Wire Switch (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 percent in USD and RUR, 5 % in EUR
FIAT foreign money withdrawal charges are a bit lower:
Payeer – 1 percent
PerfectMoney – 1 p.c with a minimum of 1 US greenback
OkPay – 2.25 percent with a minimum of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 p.c + 9 US dollars or just 15 EUR
Capitalist.net – Freed from charge
Capitalist.net card – 0.ninety nine US dollars or EUR
The complete payment schedule, as well as withdrawal and order limits, can be found here.
Livecoin.net Trading Evaluation
Trading on Livecoin is straightforward, and the alternate gives some nice features. There are a few types of orders:
Commonplace market order
The primary two are traditional orders on nearly all of exchanges, however the third one is where Livecoin shines. Pending orders are orders which are automatically triggered when the value hits a certain level specified by the trader. This might be very useful in markets where many rivals try to be on high of the order book or in cases where the user may affect the market by inserting a big order. Pending order helps to keep away from the disturbance of the market by hiding presents from the books which everybody can see.
Among the best things about this exchange is their altcoin and FIAT foreign money pairs. Having this option makes things quite a bit easier and makes calculating revenue and loss less troublesome. It also removes a layer of pointless expenses because of paying two units of charges instead of just one. That’s because on nearly all of the trading platform customers have to trade FIAT for Bitcoin and then Bitcoin for different coins. There are not any FIAT/altcoin trading pairs. This feature makes Livecoin particularly attractive.
Ease of Use
The interface is properly designed and comparatively simple to use. Everything is just a click on away, and swap between the markets is quicker than on the opposite exchanges.
The corporate doesn’t have apps for Android and iOS but, however the website is responsive, and it seems to be good on mobile devices.
It looks stunning – it’s easy to make use of, and it’s load time is impressive.
The help staff from Livecoin.net could be very skilled and friendly. The types of help offered are 24/7 chat and e-mail support. The trade has a kind of distant FAQ web page on Bitcointalk discussion board, which is kind of extensive and an incredible place to ask any questions.
There aren’t a single complaint in regards to the alternate on the Web at the moment of the writing of this review.
The website affords -factor authentication and PIN code as well as SMS and electronic mail notifications. There isn’t a information about the encryption of the emails or cold storage of the coins.
There have been no hacking attacks to this point, which means that this is a safe place for Bitcoins as well as altcoins.