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Livecoin Overview 2019

Livecoin is a Bitcoin and altcoin trade platform that gives many currency pairs, together with trading altcoins for FIAT currency.

The alternate was founded in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are primarily based in Metairie, Louisiana, US.

The alternate doesn’t have a specified market they intention at the world map, but it appears they are targeted on altcoin traders and supply 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 mentioned on the Bitcointalk forum by the Livecoin personnel.

Apparently, the verification is only wanted for the customers who plan to use bank transfers for placing the deposit. The verification process just isn't introduced publically, and all users who want to confirm their account are directed to the contact page.

There are not any trading limits tied to the verification.

The alternate helps the next FIAT currencies:

US dollar
EUR
Russian Ruble
In terms of digital currencies, there’s a huge number of supported altcoins. The entire list of supported cash is available on the website.

LiveCoin Payment Schedule
Livecoin utilizes a maker/taker price mannequin with aggressive charges for takers and bonuses for makers with a sliding scale depending on the monthly trade volume.

This implies that every time consumer places a suggestion onto the trade order book for different users to take up, it get paid a bonus instead of paying trading fees. This mannequin encourages customers to truly provide liquidity instead of taking liquidity from the order book by accepting the affords from different users.

The bonuses range from 0.01 % to 0.1 percent on each trade customers make, and past trading volume determines them.

In terms of taker charges, the trade has very aggressive fee model.

For volumes beneath 2,000 US dollars – 0.20 % charge of the amount traded applies.

Because the month-to-month quantity increases, the charges proportion drop. Finally, for volumes above 300,001 US dollars, the fee reaches the minimum of 0.01 % of the quantity traded.

Deposit and withdrawal fees
Livecoin deposits and withdrawals in cryptocurrencies are free of charge. In relation to withdrawals in digital currencies, only minimal network charges apply.

FIAT forex deposits carry the next charges:

Payeer – 7.5 percent
PerfectMoney – 5.5 percent
OkPay – 1 %
Wire Transfer (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 % in USD and RUR, 5 % in EUR
FIAT forex withdrawal fees are a bit decrease:

Payeer – 1 percent
PerfectMoney – 1 % with a minimal of 1 US greenback
OkPay – 2.25 p.c with a minimal of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 % + 9 US dollars or just 15 EUR
Capitalist.net – Freed from cost
Capitalist.net card – 0.ninety nine US dollars or EUR
The complete fee schedule, as well as withdrawal and order limits, can be discovered here.

Livecoin.net Trading Analysis
Trading on Livecoin is simple, and the exchange offers some good features. There are a few types of orders:

Standard market order
Restrict order
Pending order
The primary two 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 price hits a sure degree specified by the trader. This might be very useful in markets where many opponents are attempting to be on top of the order book or in cases where the consumer could affect the market by putting a big order. Pending order helps to avoid the disturbance of the market by hiding offers from the books which everybody can see.

Top-of-the-line things about this trade is their altcoin and FIAT currency pairs. Having this option makes things rather a lot easier and makes calculating profit and loss less troublesome. It additionally removes a layer of pointless expenses because of paying two units of fees instead of just one. That’s because on the vast majority of the trading platform users need to trade FIAT for Bitcoin and then Bitcoin for different coins. There are no FIAT/altcoin trading pairs. This characteristic makes Livecoin notably attractive.

Ease of Use
The interface is nicely designed and relatively simple to use. Everything is just a click away, and change between the markets is faster than on the opposite exchanges.

The corporate doesn’t have apps for Android and iOS yet, but the website is responsive, and it appears good on mobile devices.

It appears to be like lovely – it’s straightforward to make use of, and it’s load time is impressive.

Assist
The support workforce from Livecoin.net is very skilled and friendly. The types of assist offered are 24/7 chat and electronic mail support. The trade has a type of distant FAQ web page on Bitcointalk discussion board, which is sort of in depth and an awesome place to ask any questions.

User Experience
There are usually not a single complaint in regards to the change on the Web in the mean time of the writing of this review.

Security
The website gives -factor authentication and PIN code as well as SMS and email notifications. There is no details about the encryption of the emails or cold storage of the coins.

There were no hacking assaults up to now, which means that this is a safe place for Bitcoins as well as altcoins.