Livecoin reviews and review of the official website of the exchange
Livecoin is a bitcoin and altcoin exchange that supports many trading pairs, including pairs with fiat currencies. The exchange was registered in 2013 by the London company DELTA E-COMMERCE LTD.
The verification process on the site is not described, however, this information is partially present in the official Livecoin thread on the Bitcointalk forum. Verification is needed only for those users who intend to use a bank transfer to replenish their account. There are no bindings to the trading volume for verification. Details of the verification process are also not publicly available. To pass verification, users are invited to personally contact the exchange.
The platform supports the US dollar, euro, Russian ruble and a large number of cryptocurrencies, however, many pairs with less popular currencies do not differ in liquidity.
To replenish an account through WebMoney, Paxum, EPESE, QIWI and other payment systems, users are invited to use the Capitalist system. You can also use Payeer.com, PerfectMoney.is and OkPay.com. Commissions for such operations are quite high (except for OkPay). There is no commission for deposits and withdrawals in cryptocurrencies (except the network commission for processing the payment).
The size of trade commissions varies from 0.18% to 0.02% depending on the volume of trades in the last 30 days, which corresponds to the average market values.
Livecoin supports 3 types of orders: standard, limit and pending. The first 2 types of orders you will find on most cryptocurrency exchanges, and pending orders are orders that are launched only when the price reaches the level indicated by the user. Margin trading, futures and derivatives are not supported.
Support is available 24/7 through the ticket system.
To ensure the security of their accounts, users are encouraged to use two-factor authentication and SMS and email notifications.
Registration and verification on the livecoin.net exchange
To be able to fully use the functions of the site, you need to go through a simple registration procedure on livecoin.net. It will take only a few minutes. To get started, go to the official website of the cryptocurrency platform. At the top right, we see the active button “Open a trading account”. By clicking on it, we get to the page with the registration form. Here you need to enter the following information:
- Come up with a login;
- Create a password. It should consist of 12 or more characters, include lowercase and capital letters, numbers;
- Repeat the password to eliminate errors;
- Enter a valid email address;
- Indicate the livecoin referral code, if any.
Important! In practice, traders note that not all types of accounts come with a link to confirm registration. If the letter did not reach, you need to create mail specifically for working with the platform in question in another system.
We talked about the field where you need to specify the referral code. This moment is relevant only for members of the affiliate program, a detailed description of which is on the official website of the Livecoin exchange. Its essence is to attract new participants to the site. After the trader is registered in the system, replenishes the deposit and begins to conclude transactions, with each operation the person who received the new user through the referral link receives a certain percentage of the commission charged by the exchange.
After we have filled in all the fields, agreed to the terms of the user agreement and confirmed the correctness of the data, you need to go to the e-mail address indicated during registration. A letter with an active link will come to her. After going through it, we can consider the account activated and ready for use.
Log in to livecoin.net and get into your personal account. Then the system will offer to set a special pin code, which will be used to confirm subsequent operations.
Important! Keep the combination of characters in a safe place, because if you forget it, you can restore the code, but this is a paid option, which will cost 0.01 BTC.
If we talk about verification on livecoin, not everyone needs to pass it. This procedure is relevant only for traders planning to work with large amounts, withdraw funds or replenish their account using bank transfers. To verify, the user needs to contact the exchange support service. It works quite quickly, so you won’t have to spend a lot of time.
How to start trading on livecoin.net
Account deposit and withdrawal windowTo start working on the livecoin.net exchange, you need to replenish your account. The platform offers to introduce digital and fiat currencies in several ways. For example, if you need to get dollars or euros, you can use popular payment systems, but it is worth remembering that the commission in each case will be noticeably different:
Perfect Money – 5%;
Bank transfer – need verification;
Payeer – 5.5%;
Capitalist (no commission);
Okpay – 2%;
If you replenish your account in rubles using popular systems: ADVCash, Qiwi, etc., the commission will also vary depending on the site and will be 9-10%. Thinking of how to replenish Livecoin profitably, you need to focus on the type of input currency in order to choose the best option. It is also possible to replenish the account with digital assets.
For cryptocurrency replenishment on Livecoin, commissions will be zero regardless of the type of coins selected. This is very convenient for those who already have at their disposal such a currency. If you don’t have it, before changing fiat money to digital, calculate the conversion loss, because they also charge a fee for this operation.
Having touched the account replenishment, we immediately indicate the conditions for withdrawing funds to livecoin. Commission ranges from 1-6%, depending on the chosen site and type of currency. When the transfer is made in crypto coins, it is not the percentage that is withdrawn, but the fixed amount, which is prescribed for each type of digital currency separately.
Now you can start directly to trade. Having chosen the menu item of the same name, you will see a trader window in front of you. Here are all the tools that you will need to conduct trading activities.
Initially, on the top panel of the livecoin crypto exchange, you need to select the currency pair that you plan to trade. Next, you will see a graph display with the price movement of these instruments. Here everything is shown as detailed as possible, so it will be possible to objectively assess the situation in this direction.
Below you see two windows with which you can buy or sell the currency of interest by placing an order.
Immediately, we note that trading on the livecoin exchange can be organized using several orders:
Limit. You indicate the value for the purchase, which is below the current market price, for the sale – above market indicators. An order will be executed if the market value crosses the mark of the indicators you specified.
Deferred. It will work only under certain conditions. You indicate the price at which you want to sell the existing assets, and if the price reaches the desired indicators, the transaction will be completed. The advantage of this order is that funds are not blocked and can be used until the order is executed.
For beginners in this area, experts recommend using the Market Order by placing it at the bottom of the window. The exchange will transfer to a page where all the information that will be required to conclude a profitable transaction will be displayed.
Another interesting way to make money on the Livcoin exchange is a game to change the price of bitcoin cryptocurrency. In the corresponding section, you can bet on whether the value of the specified cryptocurrency will increase or decrease next week. If the forecasts come true, you will receive the reward indicated in the system.
Important! For each operation on the cryptocurrency exchange, a small commission is provided. It is 0.18% of the transaction amount. This figure acts initially, and decreases with increasing monthly trading volume. If it exceeds USD 2,000,000, the amount of commission is set to a minimum indicator – 0.02%.
Conclusions: is it worth it to work on the Livcoin exchange
Definitely, we are considering a site that deserves increased attention to itself and fully deserves it. Even if you look at reviews about livecoin.net, it is difficult to find a negative opinion about the use of this platform. It is well accessible for beginners and experienced traders, broad functionality and favorable conditions for financial transactions. Each user will find a suitable line of business for himself, will be able to organize a fairly successful trade. And despite the fact that the cryptocurrency exchange is inferior to the well-known “giants” in terms of trading volumes, it cannot be put in the last place of rating lists.
It remains to once again review the basic information and guides to figure out how to trade on livecoin.net. Cryptocurrency is a very unstable, but promising financial instrument, so a responsible approach and detailed analysis are required here.