Livecoin Detailed Evaluate: Traits, Pros And Cons

Livecoin Detailed Evaluate: Traits, Pros And Cons
Livecoin is a website where you may change your bitcoins to fiat currency and vice versa. This company appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.

Livecoin is a global platform and aims to serve purchasers from everywhere in the globe; nevertheless, they appear to be focused on traders from Russia. Now 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 make use of bank transfers and deposits, since this options are usually not available otherwise. Thus, there are no explanations of verification process on the website as well as any public details about it – you are just directed to the contact web page in case you are on the lookout for verification. We suppose that it means that it's a must to contact website owners personally.

When you find yourself done with all account preparations, you can begin trading. The change supports the next fiat money: EUR, US dollar, RUB. As for the digital currencies, the list here is fairly long. It contains Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Classic, 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 fee sliding scale. It implies that the higher the volume you trade per thirty days, the less price it's a must to pay. Each time you place a proposal to an order book, you obtain a bonus instead of a trading fee. This is a nice scheme that encourages liquidity as well as a giant amount of trading offers. Bonuses are 0.01-0.1% depending in your earlier 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 amount grows, so if you happen to reach above 300.000 dollars, your fee will likely be 0.01%.

Cryptocurrency withdrawal charges are minimal here and fiat foreign money withdrawal charges rely upon the fee methodology you choose. The website supports Payeer, OkPay, Wire Transfer (SWIFT), Excellent Cash, BTC-E vouchers, and Capitalist.net.

The entire trading process is evident and simple. In addition, Livecoin has some interesting order types to try:

Standard order
Restrict order
Pending order
Standard and Restrict are traditional orders, available at most exchanges, while the Pending one is a novel feature of Livecoin. These are the orders that are triggered automatically when the price reaches a specific stage, mentioned by a trader. This feature saves the market from disturbance by hiding large orders from the public view.

PROS
A terrific number of cryptocurrencies supported.
The website affords low fees + bonuses.
There are fiat/crypto trading pairs that make it easy to calculate your potential revenue and makes things a lot easier.
Buyer assist is active 24/7 and available by way of on-line chat and email. According to prospects’ evaluations discovered on the web, Livecoin’s support workforce is professional and willing to help.
The high level of safety 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 effective option for cryptocurrency trading. There you'll find many available cash, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The security and buyer support are on a high stage, as well. In a word, we boldly suggest Livecoin to our readers.
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