is a Bitcoin and altcoin change platform that offers many currency pairs, including trading altcoins for FIAT currency.
The exchange was founded in 2013, by DELTA E-COMMERCE LTD from London, UK. Their servers are primarily based in Metairie, Louisiana, US.
The alternate doesn’t have a specified market they purpose at the world map, but it seems they're focused on altcoin traders and offer many options for Russians.
There’s even a video for beginners in Russian.
The verification process isn’t defined on the website, however it’s talked about on the Bitcointalk forum by the Livecoin personnel.
Apparently, the verification is only needed for the customers who plan to use bank transfers for putting the deposit. The verification process shouldn't be offered publically, and all customers who are looking to confirm their account are directed to the contact page.
There are no trading limits tied to the verification.
The change helps the following FIAT currencies:
Relating to digital currencies, there’s an enormous number of supported altcoins. The entire list of supported cash is available on the website.
LiveCoin Payment Schedule
Livecoin utilizes a maker/taker charge model with competitive charges for takers and bonuses for makers with a sliding scale depending on the monthly trade volume.
This means that each time user places a proposal onto the trade order book for other customers to take up, it receives a commission a bonus instead of paying trading fees. This mannequin encourages users to actually provide liquidity instead of taking liquidity from the order book by accepting the affords from different users.
The bonuses range from 0.01 percent to 0.1 percent on each trade users make, and past trading quantity determines them.
In terms of taker fees, the change has very competitive payment model.
For volumes below 2,000 US dollars – 0.20 p.c fee of the amount traded applies.
Because the monthly quantity increases, the charges share drop. Finally, for volumes above 300,001 US dollars, the fee reaches the minimum of 0.01 percent of the quantity traded.
Deposit and withdrawal fees
Livecoin deposits and withdrawals in cryptocurrencies are freed from charge. Relating to withdrawals in digital currencies, only minimal network fees apply.
FIAT foreign money deposits carry the following fees:
Payeer – 7.5 %
PerfectMoney – 5.5 percent
OkPay – 1 %
Wire Switch (SWIFT) – 50 USD or 10 EUR
BTC-E vouchers – 2.5 p.c in USD and RUR, 5 p.c in EUR
FIAT forex withdrawal fees are a bit decrease:
Payeer – 1 p.c
PerfectMoney – 1 percent with a minimal of 1 US dollar
OkPay – 2.25 % with a minimum of 0.1 US dollar
Wire Transfer (SWIFT) – 1.5 % + 9 US dollars or just 15 EUR
Capitalist.net – Freed from charge
Capitalist.net card – 0.ninety nine US dollars or EUR
The complete fee schedule, as well as withdrawal and order limits, could be found here.
Livecoin.net Trading Analysis
Trading on Livecoin is simple, and the alternate offers some nice features. There are just a few types of orders:
Standard market order
The first are regular orders on nearly all of exchanges, but the third one is the place Livecoin shines. Pending orders are orders which are automatically triggered when the value hits a sure stage specified by the trader. This can be very helpful in markets where many rivals try to be on prime of the order book or in cases where the user might affect the market by putting a large order. Pending order helps to avoid the disturbance of the market by hiding gives from the books which everyone can see.
Among the best things about this change is their altcoin and FIAT foreign money pairs. Having this option makes things loads easier and makes calculating profit and loss less troublesome. It also removes a layer of unnecessary bills because of paying two units of fees instead of just one. That’s because on the majority of the trading platform customers need 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 properly designed and comparatively simple to use. Everything is just a click away, and swap between the markets is faster than on the other exchanges.
The company doesn’t have apps for Android and iOS but, however the website is responsive, and it looks good on mobile devices.
It looks beautiful – it’s easy to use, and it’s load time is impressive.
The help staff from Livecoin.net could be very skilled and friendly. The types of assist offered are 24/7 chat and e-mail support. The trade has a form of remote FAQ web page on Bitcointalk discussion board, which is kind of intensive and an excellent place to ask any questions.
There will not be a single grievance concerning the alternate on the Web for the time being of the writing of this review.
The website presents -factor authentication and PIN code as well as SMS and electronic mail notifications. There isn't any information about the encryption of the emails or cold storage of the coins.
There have been no hacking attacks to this point, meaning that this is a safe place for Bitcoins as well as altcoins.