One of the very important factors for any of the cryptocurrency users are choosing the right and the suitable exchange. This is very important as the exchanges help in carrying out the transactions in an effective manner.
Among them, Livecoin is one such exchange that is one among the top in the market with great quality features.
What is Livecoin Exchange?
The LiveCoin exchange was founded in 2013, by Delta E-Commerce from London, UK. Their servers are based in Metairie, Louisiana, US. You can trade more than 200+ trading pairs of cryptos and 3 fiat currencies: US dollar, Euro, and Russian ruble.
LiveCoin is a cryptocurrency trading platform with a nice design, fast engine, and user-friendly interface. It supports nine languages: Russian, English, Chinese, Spanish, Portuguese, Italian, French, Indonesian, and Turkish.
Livecoin Features
- Security: The website offers two-factor authentication and PIN code as well as SMS and email notifications. There is no information about the encryption of the emails or cold storage of the coins. There were no hacking attacks so far, meaning that this is a safe place for coins.
- Ease of Use: The interface is nicely designed and relatively easy to use. Everything is just a click away and switch between the markets is faster than on the other exchanges.
- Fees: In Livecoin the takers and makers are both charged the same fee which is 0.18%. Livecoin deposits and withdrawals in cryptocurrencies are free of charge. When it comes to withdrawals in digital currencies, only minimal network fees apply.
- Support: The support team from Livecoin is very professional and friendly. The types of support offered are 24/7 chat and email support. The exchange has a remote FAQ page on the Bitcointalk forum, which is quite extensive and a great place to ask any questions.
Livecoin Fees and Limits
Livecoin does not charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. This means that takers and makers are both charged the same fee.
Livecoin’s flat fee is 0.18%. It is slightly below the industry average which is arguably around 0.25%. Livecoin charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is also below the industry average.
Livecoin supports the following Payment Methods:
- Credit Card
- Webmoney
- Payeer
- Perfect Money
- Capitalist
- AdvCash
- Qiwi
- Yandex
Livecoin Mobile App
Livecoin does not have mobile apps for Android and iOS yet, but the website is responsive, and it looks good on mobile devices.
How to register on Livecoin?
Step 1: Go to LiveCoin Exchange Official Website and Head to the home page.
Step 2: Click on the “Open a Trade Account” button. You can find this button in two places at the top of the website.
Step 3: Enter your personal data in the field provided and check the “I am not a robot” box.
Step 4: Now, accept the terms and conditions and then press the Continue button.
Step 5: Go to your email and click on the URL received to complete the registration process.
Step 6: Enter the confirmation code and press the Confirm button.
How to recover the Livecoin password?
In certain cases, in order to recover the forgotten password, Go to the Login page and click on the “Forgot Password” Option. Then enter your registered email address, complete the captcha, and then submit. A link with password recovery will be sent to the email address. Click on the link to recover the password.
How to deposit on Livecoin?
Step 1: Log in to your account. Click on the “Balance” tab at the top of the screen.
Step 2: Now you will find two sections: Fiat Balance and Cryptocurrency Balance.
Step 3: Choose the cryptocurrencies in the Cryptocurrency Balance section or use the Search field. Press the “Deposit” button.
Step 4: Choose the desired deposit method and then enter the amount.
Step 5: You will see the following pop-up window with the deposit address listed in both text and QR code form.
Step 6: Transfer your funds to the displayed address.
How to withdraw on Livecoin?
Step 1: Log in to your account. Click on the ‘Balance’ tab at the top of the screen.
Step 2: Now you will find two sections: Fiat Balance and Cryptocurrency Balance.
Step 3: Choose the cryptocurrencies in the Cryptocurrency Balance section or use the Search field. Press the “Withdrawal” button.
Step 4: You will see a pop-up modal window with the reference information. Enter the amount you want to transfer and the address of your wallet. Press the “Send a Payment” button.
Step 5: You will see another pop-up window. Check the data and press the Confirm button.
Step 6: The next pop-up window will appear. Check the data again, enter the verification code and PIN code, then press the Confirm button.
Step 7: Wait until you receive the funds in your wallet. You can see all your transactions in the Transaction History section of the Balance tab.
Livecoin Pros and Cons
Pros
- Simple user interface
- Wide range of cryptocurrency pairs tradable
- USD, EUR, and RUB fiat currencies supported
- User wallets protected by the cold storage security system
Cons
- No company information available
- lack of information provided around the security measures
- Weak liquidity for some of the coins
- No mobile app
Conclusion
Livecoin is a great exchange with huge support for altcoins and a very competitive fee schedule. Livecoin accepts customers from all over the world. Another great advantage of Livecoin is a large number of options to withdraw and replenish funds available on the website Livecoin.
Livecoin is one of the rare exchanges that offer trading altcoins for FIAT currencies, which makes it a valuable market. It is a very reliable and affordable exchange.
The growth of crypto exchange platforms has generated high revenues for investors and various industries by paving efficient transactions.
The exchange platform is ruling the blockchain industry and gradually increasing its standard in the trade market.
The crypto exchange platform has reaped more profits during the launch and is still overtaking others in the marketplace.
The future of exchange platforms is in great existence in the long run since buying, selling, and trading have become more beneficial for users to have easy access.
The crypto exchange platform performs efficiently by using blockchain technology.
What are white-label crypto exchange solutions?
It is learnt that as you can experience handsome money exists in the crypto space.
It only takes learning several strategies and directs the stream to your pocket.
This blog shows how you can make genuine money with cryptocurrency.Cryptocurrency dividendsIt is another simple way to make money in the crypto world.
Some cryptocurrencies, however, have a good way of rewarding traders with crypto dividends.Primarily with coins like Neo, Neblio, KuCoin, CEFF, etc, traders make money by simply holding the coin in your account.
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If you want to implement a powerful crypto exchange platform, you need to understand the significant factors that help to popularize your exchange platform and renders more funds.
Choose the confined country or region where your exchange business will work and get licenses based on their regulatory system.
Analyze the feedback & reviews given by the customers about the company and then make your decision as per your requirement.Fix Your Payment ProcessorThe best part of crypto exchange development is implementing a payment processor.
Choose the payment processor or appropriate payment gateway API to allow users to perform seamless and smooth cryptocurrency trading.
Fix the payment processor that has low transaction charges and attract more crypto traders into your exchange platform.Establish High LiquidityLiquidity is essential to run a crypto exchange business.
Attractive User InterfaceDevelop a simple, easily understandable, and convenient user interface in your exchange platform to enable users to perform trading without any hindrances.
Make hay While the Sun shines!
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