Livecoin.net

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Overall Rating
Livecoin.net ★★★☆☆ 3.4
5 1
Type Trader
Since2013
LocationLondon, UK
WebsiteLivecoin.net
Social Links
Features“Pending orders” option
DerivativesNo
Margin TradingNo
Deposit FeesYes (depends on payment method)
Trading Fees0.18% - 0.02%
Withdrawal Fees1 % - 10% + additional commissions, depends on the currency type
Tradeable Coins Bitcoin (BTC) Ethereum (ETH) Ethereum Classic (ETC) Ripple (XRP) DASH (DASH) Iconomi (ICN) Monero (XMR) Stellar (XLM) Factoids (FCT) Augur (REP) Dogecoin (DOGE)

Advantages

  • Has a wide range of available coins
  • Low fees
  • Fast withdrawals and deposits

Disadvantages

  • No mobile application
  • Some coins have low liquidity

Livecoin: Is It a Good Idea to Get Bitcoins Here? Let’s Find Out

Livecoin is a website where you can change your bitcoins to fiat currency and vice versa. This company appeared in 2013 in Metairie, Louisiana, US. The founders are DELTA E-COMMERCE LTD from London, UK.

Livecoin is an international platform and aims to serve clients from all over the globe; however, they seem to be focused on traders from Russia. We have made such a conclusion because they offer many features for Russian-speaking people and even beginner video-guided tutorials are in Russian.

How it works?

After creating an account, you may also verify it to use bank transfers and deposits, since this options are not available otherwise. Thus, there are no explanations of verification process on the website as well as any public information about it – you are just directed to the contact page if you are looking for verification. We suppose that it means that you have to contact website owners personally.

When you are done with all account preparations, you can start trading. The exchange supports the following fiat money: EUR, US dollar, RUB. As for the digital currencies, the list here is pretty long. It includes Bitcoin, Doge, Litecoin, Dash, Ethereum, Ethereum Classic, Monero, Augur, Zcash, Ripple, Factom, Iconomi, DAO, Stellar and more.

As for the fees, Livecoin tries to keep them competitive. In addition, they provide bonuses for makers and fee sliding scale. It means that the higher the volume you trade per month, the less fee you have to pay. Every time you place an offer to an order book, you receive a bonus instead of a trading fee. This is a nice scheme that encourages liquidity as well as a big amount of trading offers. Bonuses are 0.01-0.1% depending on your previous activity.

As for the taking fees, they depend on the volumes. For volumes less than 2.000 dollars, you pay 0.20%. Fees drop as the volume grows, so if you reach above 300.000 dollars, your fee will be 0.01%.

Cryptocurrency withdrawal fees are minimal here and fiat currency withdrawal fees depend on the payment method you choose. The website supports Payeer, OkPay, Wire Transfer (SWIFT), Perfect Money, BTC-E vouchers, and Capitalist.net.

The entire trading process is clear and simple. In addition, Livecoin has some interesting order types to try:

  • Standard order
  • Limit order
  • Pending order

Standard and Limit are traditional orders, available at most exchanges, while the Pending one is a unique feature of Livecoin. These are the orders that are triggered automatically when the price reaches a specific level, mentioned by a trader. This feature saves the market from disturbance by hiding large orders from the public view.

Pros

  • A great number of cryptocurrencies supported.
  • The website offers low fees + bonuses.
  • There are fiat/crypto trading pairs that make it easy to calculate your potential profit and makes things much easier.
  • Customer support is active 24/7 and available via online chat and email. According to customers’ reviews found on the web, Livecoin’s support team is professional and willing to help.
  • The high level of security is ensured by 2-factor authentication, PIN code and SMS/email notifications.

Cons

  • No margin trading, futures and derivatives.
  • The website doesn’t have a mobile application.

Conclusion

We believe that Livecoin is a good option for cryptocurrency trading. There you will find many available coins, trading pairs and order opportunities. Moreover, platform has low fees and high trading liquidity. The security and customer support are on a high level, as well. In a word, we boldly recommend Livecoin to our readers.


Client Reviews

★☆☆☆☆
1 5 1
Questioned them about their high withdrawal fees on some alt coins when compared to other exchanges. Now my account is blocked without reason and cannot withdraw my balance! If they reply, provide a valid explanation and correct the issues, then I will update this review accordingly.

★★★★☆
4 5 1
I would recommend livecoin only to those users who are not going to work with huge sums of money. Its okay for smaller investments, but if you are going to make big deals, then you have to choose a larger and more popular site

★★★★☆
4 5 1
Remember that every online service must be used carefully because your money can disappear from that site within one moment if the company decides to run away with your money one nice day I heard a story that people invested dollars in exchange and couldn’t do anything when one of the service owners have stolen thousands of dollars invested by users. So always be careful such sites As for Livecoin, I am new to this service and tried it just once, but everything went smoothly and I will try it again. Just avoid investing large sums you afraid to lose

★★★☆☆
3 5 1

★★★★★
5 5 1
Livecoin legit website and trusted Never have problems use it

★★★★☆
4 5 1
I appreciate this service for trading with fiat currencies – this is rare among traders and I use livecoin due to this option. If you are not into buying coins for dollars, than livecoin has nothing special to offer

★★★☆☆
3 5 1
Waiting for three days to release my coins from livecoin. Unfortunately, my efforts to contact them failed and I am not sure that everything is okay. To be honest, I have read before that sometimes transactions take days and even more, but they don’t reply to my tickets. Not sure if legit or scam!

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