Livecoin Detailed Evaluation: Traits, Pros And Cons

Livecoin Detailed Evaluation: Traits, Pros And Cons

Livecoin is a website where you'll be able to 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 clients from all around the globe; however, they seem to be focused on traders from Russia. We have now made such a conclusion because they offer many options for Russian-speaking folks and even beginner video-guided tutorials are in Russian.

HOW IT WORKS?
After creating an account, you may additionally confirm it to use bank transfers and deposits, since this options are usually not available otherwise. Thus, there are not any explanations of verification process on the website as well as any public details about it – you might be just directed to the contact web page in case you are looking for verification. We suppose that it signifies that it's a must to contact website owners personally.

When you're completed with all account preparations, you can begin trading. The change supports the next fiat money: EUR, US greenback, RUB. As for the digital currencies, the list right here is fairly long. It includes Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Traditional, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.

As for the fees, Livecoin tries to keep them competitive. In addition, they supply bonuses for makers and fee sliding scale. It implies that the higher the volume you trade per 30 days, the less payment you have to pay. Every time you place a proposal to an order book, you receive a bonus instead of a trading fee. This is a pleasant scheme that encourages liquidity as well as an enormous quantity of trading offers. Bonuses are 0.01-0.1% depending on your previous activity.

As for the taking fees, they depend on the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the volume grows, so in the event you reach above 300.000 dollars, your payment might be 0.01%.

Cryptocurrency withdrawal fees are minimal here and fiat currency withdrawal charges rely on the fee technique you choose. The website supports Payeer, OkPay, Wire Transfer (SWIFT), Excellent Money, BTC-E vouchers, and Capitalist.net.

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

Commonplace order
Limit order
Pending order
Normal and Limit are traditional orders, available at most exchanges, while the Pending one is a singular characteristic of Livecoin. These are the orders which might be triggered automatically when the price reaches a particular stage, talked about by a trader. This function saves the market from disturbance by hiding giant orders from the public view.

PROS
An important number of cryptocurrencies supported.
The website gives low fees + bonuses.
There are fiat/crypto trading pairs that make it simple to calculate your potential revenue and makes things much easier.
Buyer help is active 24/7 and available by way of on-line chat and email. In response to clients’ evaluations found on the web, Livecoin’s support crew is skilled and willing to help.
The high level of safety is ensured by 2-factor authentication, PIN code and SMS/electronic mail notifications.
CONS
No margin trading, futures and derivatives.
The website doesn’t have a mobile application.
CONCLUSION
We imagine that Livecoin is an efficient option for cryptocurrency trading. There you will see many available coins, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The safety and customer help are on a high level, as well. In a word, we boldly advocate Livecoin to our readers.