Livecoin is a Bitcoin and altcoin change platform that provides many foreign money pairs, including trading altcoins for FIAT currency.
The exchange was based in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based mostly in Metairie, Louisiana, US.
The exchange doesn’t have a specified market they goal at the world map, nevertheless it appears they’re focused on altcoin traders and provide many features for Russians.
There’s even a video for newcomers in Russian.
The verification process isn’t explained on the website, but it’s mentioned on the Bitcointalk discussion board by the Livecoin personnel.
Apparently, the verification is only needed for the customers who plan to make use of bank transfers for placing the deposit. The verification process will not be presented publically, and all users who are looking to confirm their account are directed to the contact page.
There are not any trading limits tied to the verification.
The alternate supports the next FIAT currencies:
With regards to digital currencies, there’s a huge number of supported altcoins. The whole list of supported coins is available on the website.
LiveCoin Fee Schedule
Livecoin utilizes a maker/taker payment model with competitive charges for takers and bonuses for makers with a sliding scale depending on the month-to-month trade volume.
This implies that each time user places an offer onto the trade order book for other users to take up, it get paid a bonus instead of paying trading fees. This model encourages customers to truly present liquidity instead of taking liquidity from the order book by accepting the provides from different users.
The bonuses range from 0.01 p.c to 0.1 % on each trade customers make, and previous trading volume determines them.
In relation to taker charges, the alternate has very aggressive fee model.
For volumes under 2,000 US dollars – 0.20 percent fee 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 minimal of 0.01 % of the quantity traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. Relating to withdrawals in digital currencies, only minimal network charges apply.
FIAT forex deposits carry the following charges:
Payeer – 7.5 p.c
PerfectMoney – 5.5 %
OkPay – 1 p.c
Wire Transfer (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 percent in USD and RUR, 5 p.c in EUR
FIAT forex withdrawal charges are a bit decrease:
Payeer – 1 percent
PerfectMoney – 1 percent with a minimal of 1 US dollar
OkPay – 2.25 p.c with a minimum of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 percent + 9 US dollars or just 15 EUR
Capitalist.net – Freed from charge
Capitalist.net card – 0.99 US dollars or EUR
The entire payment schedule, as well as withdrawal and order limits, might be found here.
Livecoin.net Trading Analysis
Trading on Livecoin is simple, and the trade presents some good features. There are a number of types of orders:
Normal market order
The first are common orders on nearly all of exchanges, however the third one is the place Livecoin shines. Pending orders are orders which are automatically triggered when the value hits a certain stage specified by the trader. This could be very helpful in markets the place many rivals try to be on prime of the order book or in cases the place the consumer may affect the market by putting a big order. Pending order helps to keep away from the disturbance of the market by hiding provides from the books which everybody can see.
Among the finest things about this alternate is their altcoin and FIAT currency pairs. Having this option makes things quite a bit easier and makes calculating revenue and loss less troublesome. It also removes a layer of unnecessary bills because of paying units of fees instead of just one. That’s because on nearly all of the trading platform users need to trade FIAT for Bitcoin after which Bitcoin for other coins. There aren’t any FIAT/altcoin trading pairs. This feature makes Livecoin notably attractive.
Ease of Use
The interface is nicely designed and comparatively straightforward to use. Everything is just a click on away, and switch between the markets is quicker than on the opposite exchanges.
The company doesn’t have apps for Android and iOS yet, however the website is responsive, and it looks good on mobile devices.
It looks stunning – it’s easy to make use of, and it’s load time is impressive.
The assist crew from Livecoin.net may be very skilled and friendly. The types of help offered are 24/7 chat and electronic mail support. The change has a type of distant FAQ web page on Bitcointalk forum, which is kind of intensive and an awesome place to ask any questions.
There are usually not a single grievance concerning the trade on the Web in the mean time of the writing of this review.
The website presents -factor authentication and PIN code as well as SMS and e-mail notifications. There isn’t any information about the encryption of the emails or cold storage of the coins.
There have been no hacking assaults up to now, meaning that this is a safe place for Bitcoins as well as altcoins.