Livecoin Evaluation 2019

Livecoin Evaluation 2019

Livecoin is a Bitcoin and altcoin trade platform that offers many foreign money pairs, including trading altcoins for FIAT currency.

The alternate was based in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are primarily based in Metairie, Louisiana, US.

The alternate doesn’t have a specified market they intention on the world map, nevertheless it appears they are focused on altcoin traders and provide many options for Russians.

There’s even a video for beginners in Russian.

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

Apparently, the verification is only wanted for the customers who plan to use bank transfers for placing the deposit. The verification process is just not offered publically, and all customers who wish to confirm their account are directed to the contact page.

There are no trading limits tied to the verification.

The alternate supports the next FIAT currencies:

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

LiveCoin Price Schedule
Livecoin makes use of a maker/taker price model with aggressive fees for takers and bonuses for makers with a sliding scale depending on the month-to-month trade volume.

This signifies that every time user places a suggestion onto the change order book for different customers to take up, it get paid a bonus instead of paying trading fees. This model encourages customers to really provide liquidity instead of taking liquidity from the order book by accepting the presents from other users.

The bonuses range from 0.01 p.c to 0.1 percent on every trade customers make, and previous trading volume determines them.

In terms of taker fees, the exchange has very aggressive fee model.

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

As the month-to-month quantity increases, the fees percentage drop. Finally, for volumes above 300,001 US dollars, the charge reaches the minimum of 0.01 % of the quantity traded.

Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are free of charge. On the subject of withdrawals in digital currencies, only minimal network charges apply.

FIAT currency deposits carry the following fees:

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

Payeer – 1 %
PerfectMoney – 1 % with a minimal of 1 US greenback
OkPay – 2.25 % with a minimum of 0.1 US dollar
Wire Switch (SWIFT) – 1.5 p.c + 9 US dollars or just 15 EUR
Capitalist.net – Freed from cost
Capitalist.net card – 0.ninety nine US dollars or EUR
The whole price schedule, as well as withdrawal and order limits, could be found here.

Livecoin.net Trading Analysis
Trading on Livecoin is easy, and the change provides some good features. There are a number of types of orders:

Normal market order
Limit order
Pending order
The primary are normal orders on the vast majority of exchanges, but the third one is where Livecoin shines. Pending orders are orders which are automatically triggered when the price hits a certain degree specified by the trader. This can be very useful in markets where many opponents try to be on prime of the order book or in cases where the consumer could influence the market by putting a large order. Pending order helps to keep away from the disturbance of the market by hiding presents from the books which everybody can see.

Top-of-the-line things about this exchange is their altcoin and FIAT forex pairs. Having this option makes things a lot easier and makes calculating profit and loss less troublesome. It additionally removes a layer of unnecessary bills because of paying two units of charges instead of just one. That’s because on the vast majority of the trading platform customers must trade FIAT for Bitcoin after which Bitcoin for other coins. There are no FIAT/altcoin trading pairs. This feature makes Livecoin notably attractive.

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

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

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

Help
The help group from Livecoin.net may be very professional and friendly. The types of support offered are 24/7 chat and email support. The trade has a kind of distant FAQ page on Bitcointalk forum, which is quite in depth and an amazing place to ask any questions.

Person Experience
There usually are not a single complaint about the alternate on the Web in the intervening time of the writing of this review.

Safety
The website offers -factor authentication and PIN code as well as SMS and email notifications. There is no information about the encryption of the emails or cold storage of the coins.

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