Livecoin

Livecoin

Livecoin
In Social Media:
Intuitive Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $8,016,370

Livecoin is a cryptocurrency trading platform that presents users with many currency pairs, including trading altcoins for fiat currency. The exchange has more than 150 digital coins and USD, RUB, and EURO support. It has an easy user-friendly interface and good functionality.

The Livecoin exchange offers an intuitive, highly functional and customizable interface which is nicely designed and easy to use by beginners, and has many useful features for experienced traders. The verification is anonymous and only needed for users who plan to use bank transfers to make the deposit. Livecoin does not offer mobile apps, but the website is responsive easy to navigate.

Traditional Currency Support

  • Euros (EUR)
  • Russian Ruble (RUB)
  • US Dollar (USD)

Language Support

  • Chinese
  • English
  • French
  • Indonesian
  • Italian
  • Russian
  • Spanish
  • Turkish

Country Support

  • Australia
  • Canada
  • European Union
  • Hong Kong
  • Japan
  • Most Africa
  • Most of Asia
  • Most of Eastern European Union
  • Most of Latin America
  • Most of the Middle East
  • New Zealand
  • Norway
  • Russian Federation
  • Singapore
  • Switzerland
  • Turkey
  • United Kingdom of Great Britain and Northern Ireland
  • United States of America

Platforms Systems

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Allows customization of charts
  • Allows light and dark theme
  • Allows the movement or resizing of boxes
  • Allows customized alerts and notifications

Advanced
Options:

  • Limit Order
  • Market Order
  • Pending order

Discounts For
The Big Traders:

  • No Maker fees
  • Volume based discounts

Livecoin security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
Funds are not insured
Private Keys Stored On
Exchange platform
Storage Type
They claim to hold user funds in cold storage but are not specific about it.

Advanced Security Features:

  • Email reports of logins
  • Ability to limit access to account based on IP address
  • SMS notification of Login's

There is no information on the Livecoin website or Facebook regarding who is behind the exchange. There are specious claims on the internet that they are located in the UK, that their founder is a UK citizen, and that their servers are in the US. In fact, their services seem most targeted to the Russian market. All this adds up to a considerable confusion about who is behind this company.

Summary:

Livecoin is a full trading platform with a highly functional and customizable interface that covers a wide variety of altcoins and fiat currencies. There are considerable user complaints about slow transactions and slow response from customer service. Nothing is known about this company and little is revealed about security.

Ease of use
Intuitive
Transaction Fees
Between 0.10-0.20% depending on volume
Deposit/Withdrawal Fee
It's free (fees may be hidden)
Deposit/Withdrawal Fee c For Bank Transfer
N/A
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
0.1-0.29%
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Deposit using credit card, Deposit using 3rd party, Withdrawl funds to bank account, Withdrawal funds to credit card, Withdrawal funds through a third party, Send/Receive Crypto

Functionality:

Livecoin works with different payment systems, credit cards, etc. to make deposit and withdrawal quick and convenient for users. It also uses a maker/taker fee model with competitive fees for takers and bonuses for makers with a sliding scale depending on monthly trade volume. Margin trading isn't supported and neither are derivates or futures. Also, there is weak liquidity for some of the coins.

Most common
customer complaint:

Customer support is slow, exchange is slow and not updated in real time