Livecoin Detailed Evaluate: Characteristics, Pros And Cons
Livecoin is a website the place you'll be able to change your bitcoins to fiat foreign money 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 purchasers from all over the globe; nonetheless, they appear to be targeted on traders from Russia. We now have made such a conclusion because they offer many features for Russian-talking folks and even beginner video-guided tutorials are in Russian.
HOW IT WORKS?
After creating an account, you may also verify it to make use of 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 information about it – you are just directed to the contact web page in case you are searching for verification. We suppose that it implies that you have to contact website owners personally.
If you find yourself completed with all account preparations, you can start trading. The exchange supports the following fiat money: EUR, US dollar, RUB. As for the digital currencies, the list right here is fairly long. It contains Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Basic, 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 implies that the higher the amount you trade per thirty days, the less fee you need to pay. Each time you place a proposal 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 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 quantity grows, so for those who reach above 300.000 dollars, your payment can be 0.01%.
Cryptocurrency withdrawal fees are minimal here and fiat forex withdrawal charges rely upon the payment method you choose. The website helps Payeer, OkPay, Wire Switch (SWIFT), Excellent Money, BTC-E vouchers, and Capitalist.net.
The whole trading process is obvious and simple. In addition, Livecoin has some interesting order types to try:
Standard order
Restrict order
Pending order
Customary 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 value reaches a specific stage, talked about by a trader. This characteristic saves the market from disturbance by hiding massive orders from the public view.
PROS
An awesome number of cryptocurrencies supported.
The website presents low charges + bonuses.
There are fiat/crypto trading pairs that make it simple to calculate your potential profit and makes things much easier.
Buyer help is active 24/7 and available through on-line chat and email. In accordance with customers’ critiques discovered on the web, Livecoin’s assist workforce is skilled and prepared to help.
The high degree 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 efficient option for cryptocurrency trading. There you can see many available cash, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The security and buyer help are on a high stage, as well. In a word, we boldly advocate Livecoin to our readers.
Livecoin is an international platform and goals to serve purchasers from all over the globe; nonetheless, they appear to be targeted on traders from Russia. We now have made such a conclusion because they offer many features for Russian-talking folks and even beginner video-guided tutorials are in Russian.
HOW IT WORKS?
After creating an account, you may also verify it to make use of 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 information about it – you are just directed to the contact web page in case you are searching for verification. We suppose that it implies that you have to contact website owners personally.
If you find yourself completed with all account preparations, you can start trading. The exchange supports the following fiat money: EUR, US dollar, RUB. As for the digital currencies, the list right here is fairly long. It contains Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Basic, 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 implies that the higher the amount you trade per thirty days, the less fee you need to pay. Each time you place a proposal 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 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 quantity grows, so for those who reach above 300.000 dollars, your payment can be 0.01%.
Cryptocurrency withdrawal fees are minimal here and fiat forex withdrawal charges rely upon the payment method you choose. The website helps Payeer, OkPay, Wire Switch (SWIFT), Excellent Money, BTC-E vouchers, and Capitalist.net.
The whole trading process is obvious and simple. In addition, Livecoin has some interesting order types to try:
Standard order
Restrict order
Pending order
Customary 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 value reaches a specific stage, talked about by a trader. This characteristic saves the market from disturbance by hiding massive orders from the public view.
PROS
An awesome number of cryptocurrencies supported.
The website presents low charges + bonuses.
There are fiat/crypto trading pairs that make it simple to calculate your potential profit and makes things much easier.
Buyer help is active 24/7 and available through on-line chat and email. In accordance with customers’ critiques discovered on the web, Livecoin’s assist workforce is skilled and prepared to help.
The high degree 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 efficient option for cryptocurrency trading. There you can see many available cash, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The security and buyer help are on a high stage, as well. In a word, we boldly advocate Livecoin to our readers.