Livecoin
- Overview
- Security
- User Experience
Volume 24H: BTC 5,041/24h
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.
Crypto Currencies Support
- BCH
- BTC
- DASH
- DOGE
- ETH
- GNO
- ICN
- LTC
- STRAT
- XMR
Traditional Currency Support
- EUR
- RUB
- 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
- — Api
- — Web Interface
Stock Market Options
In terms of security, Livecoin offers two-factor authentication, SMS, and email notifications. They also claim to provide a cold storage system to protect users but have not elaborated on how it works. There have been no hacking attacks on Livecoin thus far. Beyond this, there isn't much information available regarding security.
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 |
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 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