Livecoin Assessment 2019

Livecoin Assessment 2019

Livecoin is a Bitcoin and altcoin change platform that gives many forex pairs, including 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 exchange doesn’t have a specified market they aim at the world map, however it appears they are targeted on altcoin traders and provide many features for Russians.

There’s even a video for novices in Russian.

The verification process isn’t defined on the website, however it’s talked about on the Bitcointalk discussion board by the Livecoin personnel.

Apparently, the verification is only needed for the users who plan to make use of bank transfers for putting the deposit. The verification process 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 supports the following FIAT currencies:

US dollar
EUR
Russian Ruble
In the case of digital currencies, there’s an enormous number of supported altcoins. The whole list of supported cash is available on the website.

LiveCoin Charge Schedule
Livecoin utilizes a maker/taker payment model with competitive fees for takers and bonuses for makers with a sliding scale depending on the monthly trade volume.

This means that every time consumer places a suggestion onto the exchange order book for other customers to take up, it receives a commission a bonus instead of paying trading fees. This mannequin encourages customers to really provide liquidity instead of taking liquidity from the order book by accepting the offers from different users.

The bonuses range from 0.01 p.c to 0.1 % on every trade users make, and past trading quantity determines them.

On the subject of taker charges, the exchange has very competitive fee model.

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

As the month-to-month quantity will increase, the charges share drop. Finally, for volumes above 300,001 US dollars, the fee reaches the minimum of 0.01 percent of the amount traded.

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

FIAT forex deposits carry the next charges:

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

Payeer – 1 percent
PerfectMoney – 1 p.c with a minimum of 1 US greenback
OkPay – 2.25 percent with a minimal of 0.1 US dollar
Wire Switch (SWIFT) – 1.5 percent + 9 US dollars or just 15 EUR
Capitalist.net – Free of cost
Capitalist.net card – 0.99 US dollars or EUR
The complete charge schedule, as well as withdrawal and order limits, may be discovered here.

Livecoin.net Trading Analysis
Trading on Livecoin is straightforward, and the exchange presents some nice features. There are a couple of types of orders:

Standard market order
Limit order
Pending order
The first two are traditional orders on nearly all of exchanges, but 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 try to be on top of the order book or in cases where the consumer could affect the market by inserting a big order. Pending order helps to avoid the disturbance of the market by hiding offers from the books which everybody can see.

One of the best things about this alternate is their altcoin and FIAT forex pairs. Having this option makes things quite a bit easier and makes calculating profit and loss less troublesome. It also removes a layer of pointless bills because of paying two sets of charges 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 other coins. There are not any FIAT/altcoin trading pairs. This characteristic makes Livecoin particularly attractive.

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

The corporate doesn’t have apps for Android and iOS but, however the website is responsive, and it seems to be good on mobile devices.

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

Assist
The support group from Livecoin.net may be very skilled and friendly. The types of help offered are 24/7 chat and e mail support. The alternate has a type of distant FAQ web page on Bitcointalk forum, which is kind of extensive and a terrific place to ask any questions.

Consumer Expertise
There should not a single grievance in regards to the trade on the Web in the mean time of the writing of this review.

Safety
The website provides -factor authentication and PIN code as well as SMS and email notifications. There isn't a details about the encryption of the emails or cold storage of the coins.

There were no hacking attacks to date, meaning that this is a safe place for Bitcoins as well as altcoins.