Livecoin Review 2019

Livecoin is a Bitcoin and altcoin trade platform that gives many currency pairs, including trading altcoins for FIAT currency.

The exchange was based 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 purpose at the world map, but it surely appears they are targeted on altcoin traders and provide many features for Russians.

There’s even a video for freshmen in Russian.

The verification process isn’t explained on the website, however it’s mentioned 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 just isn’t presented publically, and all users who are looking to confirm their account are directed to the contact page.

There aren’t any trading limits tied to the verification.

The change supports the next FIAT currencies:

US dollar

EUR

Russian Ruble

When it comes to digital currencies, there’s an enormous number of supported altcoins. The whole list of supported cash is available on the website.

LiveCoin Charge Schedule

Livecoin utilizes a maker/taker payment mannequin with competitive fees for takers and bonuses for makers with a sliding scale relying on the month-to-month trade volume.

This means that every time person places a suggestion onto the change order book for different customers to take up, it receives a commission a bonus instead of paying trading fees. This model 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 percent to 0.1 p.c on every trade users make, and past trading volume determines them.

With regards to taker charges, the alternate has very competitive price model.

For volumes below 2,000 US dollars – 0.20 percent charge of the quantity traded applies.

Because the month-to-month quantity increases, the fees proportion drop. Finally, for volumes above 300,001 US dollars, the fee reaches the minimal of 0.01 p.c of the quantity traded.

Deposit and withdrawal charges

Livecoin deposits and withdrawals in cryptocurrencies are free of charge. When it comes to withdrawals in digital currencies, only minimal network fees apply.

FIAT forex deposits carry the next fees:

Payeer – 7.5 percent

PerfectMoney – 5.5 percent

OkPay – 1 percent

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 foreign money withdrawal fees are a bit lower:

Payeer – 1 %

PerfectMoney – 1 p.c with a minimal of 1 US greenback

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 – Freed from charge

Capitalist.net card – 0.99 US dollars or EUR

The entire charge schedule, as well as withdrawal and order limits, will be discovered here.

Livecoin.net Trading Evaluation

Trading on Livecoin is simple, and the exchange affords some nice features. There are a few types of orders:

Commonplace market order

Restrict order

Pending 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 value hits a certain level specified by the trader. This might be very helpful in markets where many opponents are trying to be on prime of the order book or in cases the place the person could influence the market by inserting a large order. Pending order helps to avoid the disturbance of the market by hiding gives from the books which everybody can see.

The most effective things about this exchange is their altcoin and FIAT foreign money pairs. Having this option makes things a lot simpler and makes calculating profit and loss less troublesome. It additionally removes a layer of unnecessary bills because of paying two sets of fees instead of just one. That’s because on the majority of the trading platform customers have to trade FIAT for Bitcoin after which Bitcoin for different coins. There aren’t any FIAT/altcoin trading pairs. This characteristic makes Livecoin notably attractive.

Ease of Use

The interface is properly designed and comparatively simple to use. Everything is just a click on away, and switch between the markets is quicker than on the other exchanges.

The corporate doesn’t have apps for Android and iOS but, however the website is responsive, and it looks good on mobile devices.

It looks beautiful – it’s easy to make use of, and it’s load time is impressive.

Assist

The support team from Livecoin.net is very professional and friendly. The types of assist offered are 24/7 chat and electronic mail support. The trade has a sort of distant FAQ web page on Bitcointalk discussion board, which is sort of intensive and an incredible place to ask any questions.

Consumer Experience

There are usually not a single complaint in regards to the trade on the Web in the meanwhile of the writing of this review.

Safety

The website gives -factor authentication and PIN code as well as SMS and email notifications. There is no information about the encryption of the emails or cold storage of the coins.

There have been no hacking attacks up to now, that means that this is a safe place for Bitcoins as well as altcoins.

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