Livecoin Detailed Review: Traits, Pros And Cons

Livecoin Detailed Review: Traits, Pros And Cons

Livecoin is a website where you may change your bitcoins to fiat currency and vice versa. This company appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.

Livecoin is an international platform and goals to serve shoppers from all around the globe; however, they seem to be focused on traders from Russia. We've got made such a conclusion because they provide many features for Russian-talking people and even newbie video-guided tutorials are in Russian.

HOW IT WORKS?
After creating an account, you may additionally verify it to use bank transfers and deposits, since this options usually are not available otherwise. Thus, there are not any explanations of verification process on the website as well as any public information about it – you're just directed to the contact page in case you are on the lookout for verification. We suppose that it implies that it's important to contact website owners personally.

If you end up performed with all account preparations, you can start trading. The trade supports the next fiat money: EUR, US greenback, RUB. As for the digital currencies, the list here is pretty 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 maintain them competitive. In addition, they supply bonuses for makers and payment sliding scale. It signifies that the higher the quantity you trade per month, the less fee you need 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 big amount of trading offers. Bonuses are 0.01-0.1% depending in your earlier activity.

As for the taking charges, they rely upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the amount grows, so in case you reach above 300.000 dollars, your payment might be 0.01%.

Cryptocurrency withdrawal fees are minimal right here and fiat foreign money withdrawal fees depend upon the cost technique you choose. The website supports Payeer, OkPay, Wire Transfer (SWIFT), Excellent Money, BTC-E vouchers, and Capitalist.net.

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

Customary order
Limit order
Pending order
Standard and Restrict are traditional orders, available at most exchanges, while the Pending one is a unique function of Livecoin. These are the orders which might be triggered automatically when the worth reaches a specific degree, talked about by a trader. This function 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 profit and makes things much easier.
Customer support is active 24/7 and available via online chat and email. In response to prospects’ critiques discovered on the web, Livecoin’s support crew is skilled and prepared to help.
The high stage 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 imagine that Livecoin is an effective option for cryptocurrency trading. There you'll find many available coins, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The safety and customer assist are on a high degree, as well. In a word, we boldly suggest Livecoin to our readers.