Livecoin Detailed Overview: Traits, Pros And Cons
Livecoin is a website where you may change your bitcoins to fiat foreign money 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 goals to serve shoppers from everywhere in the globe; however, they appear to be focused on traders from Russia. We have made such a conclusion because they provide many features for Russian-talking individuals and even beginner video-guided tutorials are in Russian.
HOW IT WORKS?
After creating an account, you may also confirm it to use bank transfers and deposits, since this options should not available otherwise. Thus, there are no 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 in search of verification. We suppose that it means that it's a must to contact website owners personally.
When you are completed with all account preparations, you can begin trading. The alternate supports the next fiat money: EUR, US greenback, RUB. As for the digital currencies, the list right here is fairly long. It includes Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Basic, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.
As for the fees, Livecoin tries to keep them competitive. In addition, they supply bonuses for makers and charge sliding scale. It implies that the higher the volume you trade per thirty days, the less charge it's important to pay. Every time you place a proposal to an order book, you receive a bonus instead of a trading fee. This is a nice scheme that encourages liquidity as well as an enormous quantity of trading offers. Bonuses are 0.01-0.1% relying on your previous activity.
As for the taking fees, they depend upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the volume grows, so should you reach above 300.000 dollars, your price shall be 0.01%.
Cryptocurrency withdrawal fees are minimal here and fiat foreign money withdrawal charges depend on the cost method you choose. The website helps Payeer, OkPay, Wire Transfer (SWIFT), Perfect Money, BTC-E vouchers, and Capitalist.net.
The entire trading process is obvious and simple. In addition, Livecoin has some interesting order types to try:
Normal order
Limit order
Pending order
Normal and Limit are traditional orders, available at most exchanges, while the Pending one is a novel function of Livecoin. These are the orders which might be triggered automatically when the worth reaches a particular stage, mentioned by a trader. This function saves the market from disturbance by hiding massive orders from the public view.
PROS
An ideal number of cryptocurrencies supported.
The website affords low charges + bonuses.
There are fiat/crypto trading pairs that make it simple to calculate your potential profit and makes things much easier.
Buyer support is active 24/7 and available through online chat and email. In response to prospects’ opinions found on the web, Livecoin’s help staff is skilled and prepared to help.
The high level of security 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 consider that Livecoin is an efficient option for cryptocurrency trading. There one can find many available coins, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The security and buyer assist are on a high degree, as well. In a word, we boldly advocate Livecoin to our readers.
Livecoin is an international platform and goals to serve shoppers from everywhere in the globe; however, they appear to be focused on traders from Russia. We have made such a conclusion because they provide many features for Russian-talking individuals and even beginner video-guided tutorials are in Russian.
HOW IT WORKS?
After creating an account, you may also confirm it to use bank transfers and deposits, since this options should not available otherwise. Thus, there are no 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 in search of verification. We suppose that it means that it's a must to contact website owners personally.
When you are completed with all account preparations, you can begin trading. The alternate supports the next fiat money: EUR, US greenback, RUB. As for the digital currencies, the list right here is fairly long. It includes Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Basic, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.
As for the fees, Livecoin tries to keep them competitive. In addition, they supply bonuses for makers and charge sliding scale. It implies that the higher the volume you trade per thirty days, the less charge it's important to pay. Every time you place a proposal to an order book, you receive a bonus instead of a trading fee. This is a nice scheme that encourages liquidity as well as an enormous quantity of trading offers. Bonuses are 0.01-0.1% relying on your previous activity.
As for the taking fees, they depend upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Charges drop as the volume grows, so should you reach above 300.000 dollars, your price shall be 0.01%.
Cryptocurrency withdrawal fees are minimal here and fiat foreign money withdrawal charges depend on the cost method you choose. The website helps Payeer, OkPay, Wire Transfer (SWIFT), Perfect Money, BTC-E vouchers, and Capitalist.net.
The entire trading process is obvious and simple. In addition, Livecoin has some interesting order types to try:
Normal order
Limit order
Pending order
Normal and Limit are traditional orders, available at most exchanges, while the Pending one is a novel function of Livecoin. These are the orders which might be triggered automatically when the worth reaches a particular stage, mentioned by a trader. This function saves the market from disturbance by hiding massive orders from the public view.
PROS
An ideal number of cryptocurrencies supported.
The website affords low charges + bonuses.
There are fiat/crypto trading pairs that make it simple to calculate your potential profit and makes things much easier.
Buyer support is active 24/7 and available through online chat and email. In response to prospects’ opinions found on the web, Livecoin’s help staff is skilled and prepared to help.
The high level of security 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 consider that Livecoin is an efficient option for cryptocurrency trading. There one can find many available coins, trading pairs and order opportunities. Moreover, platform has low charges and high trading liquidity. The security and buyer assist are on a high degree, as well. In a word, we boldly advocate Livecoin to our readers.