Livecoin is a Bitcoin and altcoin exchange platform that gives many foreign money pairs, together with trading altcoins for FIAT currency.
The change was based in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based in Metairie, Louisiana, US.
The alternate doesn’t have a specified market they aim at the world map, however it seems they are focused on altcoin traders and offer many options for Russians.
There’s even a video for newbies in Russian.
The verification process isn’t explained on the website, however it’s talked about on the Bitcointalk discussion board by the Livecoin personnel.
Apparently, the verification is only needed for the customers who plan to use bank transfers for putting the deposit. The verification process isn’t offered publically, and all users who want to verify their account are directed to the contact page.
There are not any trading limits tied to the verification.
The trade supports the following FIAT currencies:
In relation to digital currencies, there’s an enormous number of supported altcoins. The whole list of supported coins is available on the website.
LiveCoin Fee Schedule
Livecoin makes use of a maker/taker price mannequin with competitive 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 alternate order book for other customers to take up, it receives a commission a bonus instead of paying trading fees. This mannequin encourages users to truly provide liquidity instead of taking liquidity from the order book by accepting the presents from other users.
The bonuses range from 0.01 p.c to 0.1 p.c on every trade users make, and past trading quantity determines them.
With regards to taker charges, the alternate has very aggressive fee model.
For volumes under 2,000 US dollars – 0.20 p.c fee of the amount traded applies.
Because the monthly quantity will increase, the charges percentage drop. Finally, for volumes above 300,001 US dollars, the payment reaches the minimal of 0.01 p.c of the amount 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 forex 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 percent in EUR
FIAT currency withdrawal charges are a bit lower:
Payeer – 1 %
PerfectMoney – 1 p.c with a minimal of 1 US dollar
OkPay – 2.25 % with a minimum of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 percent + 9 US dollars or just 15 EUR
Capitalist.net – Free of cost
Capitalist.net card – 0.99 US dollars or EUR
The whole payment schedule, as well as withdrawal and order limits, could be discovered here.
Livecoin.net Trading Evaluation
Trading on Livecoin is easy, and the trade provides some nice features. There are just a few types of orders:
Customary market order
The primary are standard orders on the vast majority of exchanges, however the third one is where Livecoin shines. Pending orders are orders which are automatically triggered when the worth hits a sure stage specified by the trader. This can be very helpful in markets the place many opponents are attempting to be on top of the order book or in cases where the user might affect the market by putting a big order. Pending order helps to keep away from the disturbance of the market by hiding provides from the books which everybody can see.
Among the finest things about this change is their altcoin and FIAT forex pairs. Having this option makes things rather a lot simpler and makes calculating revenue and loss less troublesome. It also removes a layer of pointless bills because of paying sets of fees instead of just one. That’s because on the majority of the trading platform users need to trade FIAT for Bitcoin and then Bitcoin for different coins. There are not 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 swap between the markets is faster than on the other exchanges.
The corporate doesn’t have apps for Android and iOS yet, however the website is responsive, and it seems to be good on mobile devices.
It seems lovely – it’s easy to use, and it’s load time is impressive.
The help staff from Livecoin.net could be very skilled and friendly. The types of assist offered are 24/7 chat and e-mail support. The change has a form of remote FAQ web page on Bitcointalk discussion board, which is quite intensive and an incredible place to ask any questions.
There should not a single criticism about the exchange on the Web in the intervening time of the writing of this review.
The website presents two-factor authentication and PIN code as well as SMS and e-mail notifications. There isn’t a details about the encryption of the emails or cold storage of the coins.
There have been no hacking attacks to date, which means that this is a safe place for Bitcoins as well as altcoins.