Livecoin Detailed Evaluation: Characteristics, Pros And Cons

Livecoin is a website the place 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 an international platform and aims to serve purchasers from all around the globe; however, they seem to be targeted on traders from Russia. We have made such a conclusion because they offer many options for Russian-talking people and even newbie 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 aren't available otherwise. Thus, there are no explanations of verification process on the website as well as any public details about it – you might be just directed to the contact page if you're looking for verification. We suppose that it implies that you must contact website owners personally.

When you find yourself accomplished with all account preparations, you can begin trading. The alternate supports the following fiat cash: EUR, US dollar, RUB. As for the digital currencies, the list right here is fairly long. It contains Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Classic, 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 payment sliding scale. It means that the higher the volume you trade per thirty days, the less fee it's important to pay. Each time you place a suggestion to an order book, you obtain a bonus instead of a trading fee. This is a nice scheme that encourages liquidity as well as a giant quantity of trading offers. Bonuses are 0.01-0.1% depending on 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 quantity grows, so if you reach above 300.000 dollars, your charge will be 0.01%.

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

Your entire trading process is evident and simple. In addition, Livecoin has some attention-grabbing order types to strive:

Commonplace order
Limit order
Pending order
Commonplace and Restrict are traditional orders, available at most exchanges, while the Pending one is a singular function of Livecoin. These are the orders that are triggered automatically when the value reaches a specific degree, mentioned by a trader. This function saves the market from disturbance by hiding large orders from the general public view.

PROS
An important number of cryptocurrencies supported.
The website affords low fees + bonuses.
There are fiat/crypto trading pairs that make it simple to calculate your potential profit and makes things a lot easier.
Customer help is active 24/7 and available by way of on-line chat and email. In line with clients’ critiques discovered on the web, Livecoin’s support crew is professional and prepared to help.
The high degree of safety is ensured by 2-factor authentication, PIN code and SMS/e mail notifications.
CONS
No margin trading, futures and derivatives.
The website doesn’t have a mobile application.
CONCLUSION
We imagine that Livecoin is an effective option for cryptocurrency trading. There you will see that many available cash, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The security and buyer assist are on a high level, as well. In a word, we boldly suggest Livecoin to our readers.
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