Livecoin Detailed Evaluate: Characteristics, Pros And Cons

Home / Livecoin Detailed Evaluate: Characteristics, Pros And Cons
Livecoin Detailed Evaluate: Characteristics, Pros And Cons

Livecoin Detailed Evaluate: Characteristics, Pros And Cons

Livecoin is a website where you can change your bitcoins to fiat foreign money and vice versa. This company appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.

Livecoin is a world platform and aims to serve shoppers from all around the globe; however, they seem to be targeted on traders from Russia. We now have made such a conclusion because they provide many features for Russian-speaking individuals and even beginner video-guided tutorials are in Russian.

HOW IT WORKS?
After creating an account, you may also verify it to use bank transfers and deposits, since this options will not be available otherwise. Thus, there are no explanations of verification process on the website as well as any public information about it – you are just directed to the contact page if you are searching for verification. We suppose that it signifies that you have to contact website owners personally.

When you're finished with all account preparations, you can begin trading. The alternate helps the next fiat cash: EUR, US dollar, RUB. As for the digital currencies, the list here is fairly long. It includes Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Basic, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.

As for the fees, Livecoin tries to maintain them competitive. In addition, they supply bonuses for makers and charge sliding scale. It signifies that the higher the quantity you trade per thirty days, the less price it's a must to pay. Each time you place a proposal to an order book, you obtain a bonus instead of a trading fee. This is a nice scheme that encourages liquidity as well as an enormous quantity of trading offers. Bonuses are 0.01-0.1% depending in your earlier activity.

As for the taking charges, they depend upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the volume grows, so in the event you attain above 300.000 dollars, your charge will likely be 0.01%.

Cryptocurrency withdrawal fees are minimal right here and fiat currency withdrawal charges rely on the payment method you choose. The website helps Payeer, OkPay, Wire Transfer (SWIFT), Perfect Money, BTC-E vouchers, and Capitalist.net.

The entire trading process is clear and simple. In addition, Livecoin has some interesting order types to try:

Customary order
Restrict order
Pending order
Standard and Restrict are traditional orders, available at most exchanges, while the Pending one is a unique function of Livecoin. These are the orders that are triggered automatically when the price reaches a selected stage, talked about by a trader. This function saves the market from disturbance by hiding large orders from the public view.

PROS
An ideal number of cryptocurrencies supported.
The website presents low fees + bonuses.
There are fiat/crypto trading pairs that make it straightforward to calculate your potential profit and makes things much easier.
Customer help is active 24/7 and available through on-line chat and email. In response to customers’ opinions found on the web, Livecoin’s assist group is professional and keen to help.
The high degree of safety is ensured by 2-factor authentication, PIN code and SMS/email notifications.
CONS
No margin trading, futures and derivatives.
The website doesn’t have a mobile application.
CONCLUSION
We believe that Livecoin is an efficient option for cryptocurrency trading. There you will see that many available coins, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The security and buyer assist are on a high stage, as well. In a word, we boldly recommend Livecoin to our readers.