Livecoin is a Bitcoin and altcoin trade platform that gives many foreign money 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 exchange doesn’t have a specified market they goal at the world map, nevertheless it seems they are focused on altcoin traders and offer many features for Russians.
There’s even a video for beginners in Russian.
The verification process isn’t defined on the website, but it’s talked about 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 is just not introduced publically, and all users who need to verify their account are directed to the contact page.
There are no trading limits tied to the verification.
The alternate supports the next FIAT currencies:
Relating to digital currencies, there’s a huge number of supported altcoins. The complete list of supported coins is available on the website.
LiveCoin Fee Schedule
Livecoin makes use of a maker/taker fee model with competitive charges for takers and bonuses for makers with a sliding scale depending on the monthly trade volume.
This implies that every time person places a proposal onto the change order book for different customers to take up, it get paid a bonus instead of paying trading fees. This mannequin encourages users to really present liquidity instead of taking liquidity from the order book by accepting the provides from other users.
The bonuses range from 0.01 % to 0.1 % on every trade users make, and previous trading quantity determines them.
On the subject of taker fees, the trade has very competitive payment model.
For volumes below 2,000 US dollars – 0.20 p.c fee of the amount traded applies.
As the monthly quantity increases, the fees proportion drop. Finally, for volumes above 300,001 US dollars, the price reaches the minimal of 0.01 % of the quantity traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. In the case of withdrawals in digital currencies, only minimal network charges apply.
FIAT forex deposits carry the following fees:
Payeer – 7.5 p.c
PerfectMoney – 5.5 percent
OkPay – 1 p.c
Wire Transfer (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 percent in USD and RUR, 5 percent in EUR
FIAT forex withdrawal fees are a bit decrease:
Payeer – 1 p.c
PerfectMoney – 1 % with a minimal of 1 US dollar
OkPay – 2.25 % with a minimal of 0.1 US greenback
Wire Transfer (SWIFT) – 1.5 % + 9 US dollars or just 15 EUR
Capitalist.net – Free of charge
Capitalist.net card – 0.ninety nine US dollars or EUR
The complete payment schedule, as well as withdrawal and order limits, might be found here.
Livecoin.net Trading Evaluation
Trading on Livecoin is simple, and the trade presents some good features. There are a number of types of orders:
Customary market order
The first 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 sure stage specified by the trader. This can be very helpful in markets where many rivals are trying to be on top of the order book or in cases the place the consumer might influence the market by putting 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.
The most effective things about this change is their altcoin and FIAT forex pairs. Having this option makes things loads simpler and makes calculating revenue and loss less troublesome. It additionally removes a layer of unnecessary bills because of paying sets of charges instead of just one. That’s because on the vast majority of the trading platform users must 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 relatively straightforward to use. Everything is just a click on away, and swap between the markets is quicker than on the other exchanges.
The company doesn’t have apps for Android and iOS but, however the website is responsive, and it seems good on mobile devices.
It appears to be like beautiful – it’s easy to make use of, and it’s load time is impressive.
The help staff from Livecoin.net may be very professional and friendly. The types of support offered are 24/7 chat and e-mail support. The exchange has a form of remote FAQ page on Bitcointalk discussion board, which is kind of intensive and an important place to ask any questions.
There should not a single criticism in regards to the change on the Web for the time being of the writing of this review.
The website presents -factor authentication and PIN code as well as SMS and electronic 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 assaults so far, meaning that this is a safe place for Bitcoins as well as altcoins.