The Livecoin exchange is one of the most popular among users and traders from all over the world. In this article we will make a detailed review of the trading platform with information on how to use Livecoin, how to replenish the account, withdraw funds and most importantly – how to make money on it.
Livecoin overview, pluses and minuses
The exchange was created by the British company Delta E-Commerce, and the portal itself is hosted on an American server. The Livecoin.net domain was registered in March 2014, and the stock exchange itself was launched a year later. The main audience of the exchange is made up by users from the CIS countries, since the exchange has Russian-language support and a training video, which you can easily understand with the site.
The Livecoin exchange site supports 9 different languages: Russian, English, Chinese, Portuguese and others. Initially, the exchange offered only 9 crypto-currencies. Over time, the number of positions increased and LiveCoin occupied the niche of low-cap altcoyins in the CIS market. Among the popular coins of the cryptonyms are Bitcoin, Litecoin, Ethereum, Dash, Ripple and dozens of other equally promising currencies. The trading platform offers trading pairs with several currencies: dollar, ruble, euro.
Among the important advantages of the exchange are:
- A wide range of supported crypto currency.
- With a lot of altcoins, you can trade with the dollar.
- High speed and no “brakes”
- Verification is needed only in selected cases.
- Low transaction fees.
- High reliability and relevance.
If to speak about minuses, the main disadvantage of the Livecoin exchange is the high commission for entering Fiats (regular money) through payment systems.
Registration and verification on Livecoin
The process of registration on the Livecoin exchange is standard. You need to click on the red button “Open a trading account” in the upper right part of the site. A typical registration form will appear, in which you need to fill in the nickname for the work on the stock exchange, come up with a password, specify an e-mail address. After filling out all the data, you will receive an email to the specified email address with a link to activate the account.
After entering your personal account, you will be asked to set a PIN code for payment transactions. When performing any operations inside the personal cabinet, you will be asked for a PIN code. If you lose the pin code, you have the option to restore it, but it will cost you 0.01 BTC.
Livecoin exchange verification is optional. It is necessary only for carrying out transactions by fiat, or rather – bank transfers, and also in case of loss of access to the account (loss of password, authenticator and so on).
When verifying the restoration of the user, it is required to take two photos in different places, holding a sheet with the name of the exchange and the current date. Livecoin does not provide accurate information regarding the second type of identity confirmation. Most likely, the user requires copies of the passport or TIN, as well as a fresh document confirming his registration.
How to use Livecoin.net?
The design of livecoin.net is very convenient and intuitive. On the top panel are the main sections of the exchange:
Trade is a section for making deals. In this section there are 4 more subsections:
- Trade. In order to buy or sell the Crypto currency, you need to select the desired currency pair from the list or search through the search. Then you need to enter the required amount and click on the desired action: buy or sell.
- Transactions. It stores the history of all inputs and outputs of user’s tools.
- My orders. Contains the history of user transactions.
- Market Review. Here is the situation on the market, where bid means the price of demand, and ask – the price of the offer.
Balance – a section in which you can see your financial position on the stock exchange and all the wallets. Here you can replenish your wallet using traditional EPS (PerfectMoney, Payeer, Capitalist, OKpay or SWIFT), and using the purses of those crypts that are traded on the stock exchange (several dozen). To do this, click on the “top up” button next to the required asset.
Also in this section, you can access the output of funds, for which you just need to press the “output” button.
For business – the section is intended for developers crypto currency. Here you can add your coin or hold your ICO.
The game is a section where the stock exchange arranges a kind of roulette. At will, users of the exchange can make a bet from 0.001 BTC with a probability of winning 50 to 50. At a certain time, a lottery is held, and the entire prize fund is divided among the winning participants depending on the amount of the investment.
The commission for trade is 0.18% of the transaction amount. The amount of commission interest may decrease with the increase in the volume of trades and may reach 0.02%. If you replenish your wallet with US dollars, you will need to pay a commission from 1.5% to 8.5% (depending on the choice of EPS). At commissioning and withdrawal of crypto currency commission is not charged.
LiveCoin is a worthy competitor for more experienced and popular crypto-exchange exchanges. Simple functionality for trading, flexible commissions and general customer-oriented platform can not leave indifferent.
Despite the comparative youth of this site, the reputation of Livecoin is constantly growing. The volume of trading allows you to buy crypto-currencies at the most favorable prices and make both long-term investments and speculate on short-term changes in the value of crypto-currency.