Livecoin is a cryptocurrency exchange that offers a range of different currency pairs. The users are able to convert alternative coins into real money. The fiat currencies available on the site include American dollar, Euro and Russian Ruble. In accordance with Livecoin Coinmarketcap data, 255 trading pairs are offered on the site on the point of writing. The number of supported alternative coins is rather extensive. The full list of supported virtual currencies is displayed on the website as well.
The founder of the platform established the venue in 2013 in London, though the servers are located geographically in USA.
The platform requires verification if the customer wants to deposit funds with help of bank transfer. The person who wants to pass the verification procedure should apply to the support via the contact page.
A range of exchange platforms connect the verification to the amounts of money users can withdraw. There is nothing of the kind on Livecoin, which does not tie trading limits to verification.
The trading fee depends upon the volume traded. 30-day period is regarded for calculation. The bigger the amount, the lower the fee. The minimal fee is 0.1% per trade. This contributes to the general volume traded. The customers are encouraged to be active and it works well. They provide much liquidity trying to get bonuses.
It is very convenient to deposit and withdraw funds due to numerous payment methods available on the site. It is possible to withdraw fiat money and virtual currencies as well.
The procedure of trading is easy thanks to functionality of Livecoin exchange with its limit, standard and pending market orders, which are activated at particular mark determined by the user.
Livecoin service does not offer margin trading and futures as both services pose big risk.
Livecoin exchange works well with its customers. There are no complaints about the service. All issues are successfully solved by the support. Professional members of the team treat all customers with friendliness and respect. Apply to the support using email message or chat that works round the clock. The customer support efficiently uses the ticket system. The managers provide explanations in English, Russian, Chinese. The customers are able to find answers to their questions in the FAQ section.
Though there is no special app for iOS- and Android-based services, it is not a problem to trade from the mobile device. The functionality is well adjusted to modern requirements. The interface of the site is responsive. That means that its size easily adjusts to the size of the screen, enabling easy use of any mobile devices. In general, the interface is very convenient and intuitive. All necessary buttons are at hand, so it is easy to use the service for novices. The load time is immediate.
The security of the site is on a high level. There is 2 factor authentication used to protect the account. This feature is optional but the company strongly recommends you that. The users get PIN codes with SMS messages. They also get email notifications. The account can also be restricted with a list of IP-addresses contained in your whitelist. The owner of the account creates the whitelist and has the opportunity to connect to the exchange using these addresses only.
Also, advanced encryption is applied for security of customers’ personal data. It is very convenient to use Livecoin API to get access to the data on the platform.
The advantage of the cryptovenue is a possibility to convert coins to USD on Livecoin. The selection of cryptocurrencies is extensive. Besides, many coins have high liquidity and the platform continues to prosper. This is very important taking into account numerous platforms shutting down for this or that reason. Even successful Abucoins eventually stopped working and applies to its users with request to withdraw their funds.
The users who are not satisfied with something should find different option. The choice of crypto-exchanges is huge. For instance, xBTCe is perfect if you need margin trading. Though the person is able to choose any site globally, most users still prefer to use the services in their region. Users from South America have the opportunity to choose Argentina-based SouthXchange, those who live in Turkey give preference to Koinim as it accepts Turkish Lira and so on.
Is Livecoin crypto exchange worth choosing? ❺❺✔ ✖ ➜ -
average rating 5 from 5
(based on 38 user reviews)