Livecoin is a website where you possibly can change your bitcoins to fiat currency and vice versa. This firm appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.
Livecoin is a global platform and goals to serve shoppers from everywhere in the globe; nonetheless, they appear to be centered on traders from Russia. We now have made such a conclusion because they provide many options for Russian-talking individuals and even newbie video-guided tutorials are in Russian.
HOW IT WORKS?
After creating an account, you may additionally confirm it to use bank transfers and deposits, since this options aren't available otherwise. Thus, there are not any explanations of verification process on the website as well as any public information about it – you're just directed to the contact web page if you're in search of verification. We suppose that it implies that you have to contact website owners personally.
If you end up carried out with all account preparations, you can begin trading. The change helps the following fiat cash: EUR, US greenback, RUB. As for the digital currencies, the list right here is fairly long. It consists of Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Traditional, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.
As for the charges, Livecoin tries to maintain them competitive. In addition, they provide bonuses for makers and price sliding scale. It implies that the higher the amount you trade per month, the less charge you need to pay. Every 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% depending on your previous activity.
As for the taking charges, they depend upon the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Fees drop as the volume grows, so in case you reach above 300.000 dollars, your charge can be 0.01%.
Cryptocurrency withdrawal fees are minimal right here and fiat forex withdrawal charges depend upon the fee method you choose. The website supports Payeer, OkPay, Wire Switch (SWIFT), Good Cash, BTC-E vouchers, and Capitalist.net.
The whole trading process is evident and simple. In addition, Livecoin has some interesting order types to strive:
Standard and Restrict are traditional orders, available at most exchanges, while the Pending one is a singular feature of Livecoin
. These are the orders which might be triggered automatically when the worth reaches a selected level, mentioned by a trader. This characteristic saves the market from disturbance by hiding massive orders from the public view.
An awesome number of cryptocurrencies supported.
The website presents low fees + bonuses.
There are fiat/crypto trading pairs that make it simple to calculate your potential revenue and makes things a lot easier.
Customer assist is active 24/7 and available through online chat and email. In line with clients’ reviews found on the web, Livecoin’s help team is professional and prepared to help.
The high stage of safety is ensured by 2-factor authentication, PIN code and SMS/email notifications.
No margin trading, futures and derivatives.
The website doesn’t have a mobile application.
We imagine that Livecoin is an effective option for cryptocurrency trading. There you will see that many available cash, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The safety and customer assist are on a high level, as well. In a word, we boldly recommend Livecoin to our readers.