Livecoin Detailed Review: Traits, Pros And Cons

Livecoin Detailed Review: Traits, Pros And Cons

Livecoin is a website the place you can change your bitcoins to fiat forex 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 goals to serve clients from everywhere in the globe; however, they appear to be centered on traders from Russia. We now have made such a conclusion because they offer many features for Russian-talking people and even newbie video-guided tutorials are in Russian.

HOW IT WORKS?
After creating an account, you might also verify it to use bank transfers and deposits, since this options aren't available otherwise. Thus, there aren't any explanations of verification process on the website as well as any public information about it – you are just directed to the contact web page if you are looking 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 start trading. The alternate helps the next fiat money: EUR, US dollar, RUB. As for the digital currencies, the list right here is pretty 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 provide bonuses for makers and payment sliding scale. It signifies that the higher the quantity you trade per month, the less price it's a must to pay. Every 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 giant quantity of trading offers. Bonuses are 0.01-0.1% relying in your previous activity.

As for the taking charges, they depend on the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the volume grows, so for those who attain above 300.000 dollars, your charge might be 0.01%.

Cryptocurrency withdrawal fees are minimal right here and fiat foreign money withdrawal fees rely upon the fee methodology you choose. The website supports Payeer, OkPay, Wire Transfer (SWIFT), Perfect Cash, BTC-E vouchers, and Capitalist.net.

The whole trading process is obvious and simple. In addition, Livecoin has some fascinating order types to attempt:

Standard order
Limit order
Pending order
Normal and Restrict are traditional orders, available at most exchanges, while the Pending one is a novel function of Livecoin. These are the orders which are triggered automatically when the value reaches a specific level, mentioned by a trader. This characteristic saves the market from disturbance by hiding giant orders from the general public view.

PROS
An ideal number of cryptocurrencies supported.
The website offers low fees + bonuses.
There are fiat/crypto trading pairs that make it simple to calculate your potential revenue and makes things much easier.
Customer support is active 24/7 and available via on-line chat and email. In keeping with clients’ critiques discovered on the web, Livecoin’s assist staff is professional and willing to help.
The high level of security 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 believe that Livecoin is an effective option for cryptocurrency trading. There you can see many available coins, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The safety and buyer support are on a high level, as well. In a word, we boldly advocate Livecoin to our readers.