Livecoin Assessment 2019

Livecoin Assessment 2019

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

The exchange was founded 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, nevertheless it seems they are centered on altcoin traders and provide many options for Russians.

There’s even a video for novices in Russian.

The verification process isn’t defined on the website, but 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 use bank transfers for putting the deposit. The verification process shouldn't be offered publically, and all users who wish to confirm their account are directed to the contact page.

There are not any trading limits tied to the verification.

The change supports the next FIAT currencies:

US greenback
EUR
Russian Ruble
With regards to digital currencies, there’s a huge number of supported altcoins. The complete list of supported coins is available on the website.

LiveCoin Payment Schedule
Livecoin utilizes a maker/taker payment model with aggressive fees for takers and bonuses for makers with a sliding scale relying on the month-to-month trade volume.

This implies that each time user places a proposal onto the alternate order book for other users to take up, it get paid 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 presents from other users.

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

When it comes to taker charges, the exchange has very competitive payment model.

For volumes beneath 2,000 US dollars – 0.20 p.c price of the quantity traded applies.

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

Deposit and withdrawal fees
Livecoin deposits and withdrawals in cryptocurrencies are free of charge. In terms of withdrawals in digital currencies, only minimal network charges apply.

FIAT foreign money deposits carry the next charges:

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

Payeer – 1 p.c
PerfectMoney – 1 % with a minimum of 1 US greenback
OkPay – 2.25 p.c with a minimum of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 percent + 9 US dollars or just 15 EUR
Capitalist.net – Freed from charge
Capitalist.net card – 0.99 US dollars or EUR
The complete payment schedule, as well as withdrawal and order limits, could be found here.

Livecoin.net Trading Evaluation
Trading on Livecoin is straightforward, and the exchange gives some nice features. There are a number of types of orders:

Normal market order
Limit order
Pending order
The first are usual 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 stage specified by the trader. This may be very useful in markets where many opponents are trying to be on high of the order book or in cases the place the consumer may influence the market by placing a large order. Pending order helps to avoid the disturbance of the market by hiding provides from the books which everybody can see.

Among the finest things about this change is their altcoin and FIAT foreign money pairs. Having this option makes things lots simpler and makes calculating revenue and loss less troublesome. It also removes a layer of unnecessary bills because of paying sets of charges instead of just one. That’s because on the vast majority of the trading platform customers have to trade FIAT for Bitcoin and then Bitcoin for other coins. There aren't any FIAT/altcoin trading pairs. This characteristic makes Livecoin particularly 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 quicker than on the opposite exchanges.

The corporate doesn’t have apps for Android and iOS yet, however the website is responsive, and it looks good on mobile devices.

It appears beautiful – it’s simple to use, and it’s load time is impressive.

Support
The support group from Livecoin.net is very skilled and friendly. The types of support offered are 24/7 chat and email support. The change has a sort of distant FAQ web page on Bitcointalk discussion board, which is quite extensive and an incredible place to ask any questions.

Consumer Expertise
There are not a single complaint about the exchange on the Web in the intervening time of the writing of this review.

Security
The website gives two-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 assaults to this point, that means that this is a safe place for Bitcoins as well as altcoins.

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