Livecoin Detailed Evaluation: Traits, Pros And ConsLivecoin is a website where you can change your bitcoins to fiat currency and vice versa. This firm appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.
Livecoin is a world platform and goals to serve purchasers from everywhere in the globe; however, they seem to be centered on traders from Russia. We have now made such a conclusion because they provide many features for Russian-talking people and even beginner video-guided tutorials are in Russian.
HOW IT WORKS?
After creating an account, you might also verify it to make use of bank transfers and deposits, since this options are not available otherwise. Thus, there are not any explanations of verification process on the website as well as any public information about it – you might be just directed to the contact web page in case you are on the lookout for verification. We suppose that it implies that you need to contact website owners personally.
When you're accomplished with all account preparations, you can begin trading. The exchange helps the next fiat money: EUR, US dollar, RUB. As for the digital currencies, the list here is fairly long. It contains Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Traditional, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.
As for the charges, Livecoin tries to maintain them competitive. In addition, they provide bonuses for makers and payment sliding scale. It means that the higher the quantity you trade per 30 days, the less charge it's a must to pay. Each time you place an offer to an order book, you receive a bonus instead of a trading fee. This is a pleasant scheme that encourages liquidity as well as a big quantity of trading offers. Bonuses are 0.01-0.1% relying in your previous activity.
As for the taking charges, they depend upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Fees drop as the quantity grows, so for those who attain above 300.000 dollars, your price can be 0.01%.
Cryptocurrency withdrawal charges are minimal here and fiat forex withdrawal fees rely on the cost technique you choose. The website supports Payeer, OkPay, Wire Switch (SWIFT), Good Money, BTC-E vouchers, and Capitalist.net.
Your complete trading process is clear and simple. In addition, Livecoin has some attention-grabbing order types to strive:
Standard and Limit are traditional orders, available at most exchanges, while the Pending one is a novel characteristic of Livecoin. These are the orders which might be triggered automatically when the value reaches a particular stage, mentioned by a trader. This feature saves the market from disturbance by hiding giant orders from the public view.
An ideal number of cryptocurrencies supported.
The website gives low charges + bonuses.
There are fiat/crypto trading pairs that make it straightforward to calculate your potential revenue and makes things much easier.
Customer support is active 24/7 and available through online chat and email. In response to prospects’ opinions discovered on the web, Livecoin’s help workforce is professional and willing to help.
The high level of security is ensured by 2-factor authentication, PIN code and SMS/electronic mail notifications.
No margin trading, futures and derivatives.
The website doesn’t have a mobile application.
We believe that Livecoin is a good option for cryptocurrency trading. There you will find many available coins, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The security and customer assist are on a high level, as well. In a word, we boldly suggest Livecoin to our readers.