Livecoin is a Bitcoin and altcoin alternate platform that gives many currency pairs, together with trading altcoins for FIAT currency.
The alternate was founded in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are based mostly in Metairie, Louisiana, US.
The alternate doesn’t have a specified market they aim on the world map, but it seems they’re targeted on altcoin traders and offer many options for Russians.
There’s even a video for inexperienced persons in Russian.
The verification process isn’t defined on the website, but it surely’s talked about on the Bitcointalk forum by the Livecoin personnel.
Apparently, the verification is only wanted for the users who plan to use bank transfers for placing the deposit. The verification process is not introduced publically, and all customers who need to verify their account are directed to the contact page.
There aren’t any trading limits tied to the verification.
The change supports the next FIAT currencies:
In the case of digital currencies, there’s an enormous number of supported altcoins. The entire list of supported coins is available on the website.
LiveCoin Charge Schedule
Livecoin utilizes a maker/taker price model with competitive fees for takers and bonuses for makers with a sliding scale relying on the monthly trade volume.
This signifies that each time consumer places a suggestion onto the alternate order book for different customers to take up, it receives a commission a bonus instead of paying trading fees. This model encourages users to really provide liquidity instead of taking liquidity from the order book by accepting the gives from other users.
The bonuses range from 0.01 percent to 0.1 percent on every trade customers make, and previous trading quantity determines them.
When it comes to taker charges, the exchange has very competitive price model.
For volumes under 2,000 US dollars – 0.20 % fee of the quantity traded applies.
Because the monthly volume increases, the fees share drop. Finally, for volumes above 300,001 US dollars, the charge reaches the minimal of 0.01 % of the amount traded.
Deposit and withdrawal charges
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. In the case of withdrawals in digital currencies, only minimal network fees apply.
FIAT currency deposits carry the next fees:
Payeer – 7.5 %
PerfectMoney – 5.5 %
OkPay – 1 %
Wire Transfer (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 % in USD and RUR, 5 % in EUR
FIAT forex withdrawal fees are a bit decrease:
Payeer – 1 percent
PerfectMoney – 1 percent with a minimum of 1 US dollar
OkPay – 2.25 p.c with a minimum of 0.1 US dollar
Wire Switch (SWIFT) – 1.5 % + 9 US dollars or just 15 EUR
Capitalist.net – Free of cost
Capitalist.net card – 0.ninety nine US dollars or EUR
The entire payment schedule, as well as withdrawal and order limits, can be discovered here.
Livecoin.net Trading Analysis
Trading on Livecoin is easy, and the alternate offers some good features. There are a few types of orders:
Customary market order
The first two are standard orders on the majority of exchanges, however the third one is the place Livecoin shines. Pending orders are orders which are automatically triggered when the worth hits a sure degree specified by the trader. This could be very useful in markets where many competitors are attempting to be on prime of the order book or in cases the place the user could influence the market by placing 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.
One of the best things about this exchange is their altcoin and FIAT forex pairs. Having this option makes things a lot easier and makes calculating revenue and loss less troublesome. It also removes a layer of unnecessary expenses because of paying two sets of fees instead of just one. That’s because on nearly all of the trading platform users need to trade FIAT for Bitcoin and then Bitcoin for different coins. There aren’t any FIAT/altcoin trading pairs. This function makes Livecoin significantly attractive.
Ease of Use
The interface is nicely designed and relatively easy to use. Everything is just a click on away, and change between the markets is faster than on the opposite exchanges.
The company doesn’t have apps for Android and iOS but, however the website is responsive, and it appears good on mobile devices.
It appears to be like lovely – it’s simple to use, and it’s load time is impressive.
The support staff from Livecoin.net is very skilled and friendly. The types of help offered are 24/7 chat and electronic mail support. The change has a form of remote FAQ page on Bitcointalk discussion board, which is quite extensive and an excellent place to ask any questions.
There aren’t a single grievance concerning the exchange on the Web for the time being of the writing of this review.
The website affords two-factor authentication and PIN code as well as SMS and email notifications. There isn’t a information about the encryption of the emails or cold storage of the coins.
There have been no hacking assaults so far, that means that this is a safe place for Bitcoins as well as altcoins.