Livecoin Evaluation 2019

Livecoin Evaluation 2019

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 change doesn’t have a specified market they purpose on the world map, but it surely appears they are focused on altcoin traders and supply many features for Russians.

There’s even a video for learners in Russian.

The verification process isn’t explained on the website, nevertheless it’s talked about on the Bitcointalk discussion board by the Livecoin personnel.

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

There aren't any trading limits tied to the verification.

The exchange helps the next FIAT currencies:

US dollar
Russian Ruble
In terms of digital currencies, there’s an enormous number of supported altcoins. The whole list of supported cash is available on the website.

LiveCoin Fee Schedule
Livecoin makes use of a maker/taker price mannequin with competitive charges for takers and bonuses for makers with a sliding scale relying on the month-to-month trade volume.

This signifies that each time consumer places an offer onto the alternate order book for different users to take up, it get paid a bonus instead of paying trading fees. This model encourages users to really present liquidity instead of taking liquidity from the order book by accepting the provides from different users.

The bonuses range from 0.01 % to 0.1 % on each trade customers make, and previous trading quantity determines them.

In relation to taker fees, the alternate has very aggressive payment model.

For volumes beneath 2,000 US dollars – 0.20 % payment of the amount traded applies.

Because the month-to-month quantity will increase, the charges share drop. Finally, for volumes above 300,001 US dollars, the payment reaches the minimal of 0.01 p.c of the amount traded.

Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are free of charge. When it comes to withdrawals in digital currencies, only minimal network charges apply.

FIAT forex deposits carry the next charges:

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

Payeer – 1 percent
PerfectMoney – 1 p.c with a minimum 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 – Free of charge card – 0.99 US dollars or EUR
The entire charge schedule, as well as withdrawal and order limits, will be found here. Trading Evaluation
Trading on Livecoin is straightforward, and the change presents some good features. There are a few types of orders:

Normal market order
Restrict order
Pending order
The primary are common orders on the majority of exchanges, but the third one is the place Livecoin shines. Pending orders are orders which are automatically triggered when the worth hits a certain level specified by the trader. This may be very useful in markets where many competitors try to be on high of the order book or in cases where the user could influence the market by inserting a big order. Pending order helps to avoid the disturbance of the market by hiding presents from the books which everybody can see.

Among the finest things about this exchange is their altcoin and FIAT currency pairs. Having this option makes things rather a lot easier and makes calculating revenue and loss less troublesome. It additionally removes a layer of unnecessary bills because of paying two units of fees instead of just one. That’s because on nearly all of the trading platform users must trade FIAT for Bitcoin and then Bitcoin for different coins. There are not any FIAT/altcoin trading pairs. This characteristic makes Livecoin significantly attractive.

Ease of Use
The interface is properly 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, however the website is responsive, and it looks good on mobile devices.

It appears to be like stunning – it’s easy to make use of, and it’s load time is impressive.

The support workforce from could be very professional and friendly. The types of assist offered are 24/7 chat and email support. The trade has a sort of distant FAQ web page on Bitcointalk forum, which is kind of extensive and an awesome place to ask any questions.

Person Experience
There aren't a single grievance in regards to the change on the Web in the meanwhile of the writing of this review.

The website affords -factor authentication and PIN code as well as SMS and e mail notifications. There isn't a information about the encryption of the emails or cold storage of the coins.

There were no hacking attacks to date, which means that this is a safe place for Bitcoins as well as altcoins.