Livecoin Review: Legit Exchange? Scam?

Livecoin Review: let’s analyze one of the biggest digital currencies review, explaining its main features and advantages for bitcoin enthusiasts

Have you heard of Livecoin? In this Livecoin review we will cover the main aspects regarding this bitcoin and alt coin exchange, including deposit and withdrawals, trading, currencies available and fees.

livecoin review

There is no doubts that Livecoin is one of the biggest trading platforms for digital currencies currently. They have high volume in most currency pairs, and the number of digital currencies available for trade is just huge Let’s analyse what makes of Livecoin one of the greatest exchanges (in my opinion).

Livecoin Overview

Livecoin is one of the best options users looking for a exchange to trade bitcoin and other digital currencies. The company offers one of the biggest selection of alt coins, with a great market volume for most pairs.

One of the main features of Livecoin is its low trading fees. The company has a system in which the more you trade the lower your pay in fees.

Livecoin also offers a wide variety of deposit and withdrawal methods, which can be appealing especially if you don’t live in a country with a good banking infrastructure.

Some of the alt coins available at Livecoin: Litecoin, Ethereum, Waves, Stratis, Steem, Monero, Minereum, Dash and many others.

Livecoin Exchange Comparison Table

Let’s compare the deposit options of Livecoin with other major bitcoin and alt coins exchanges:

ExchangeCard DepositBank Deposit*Currencies 
NoYesVariousCheck Website
NoYesVariousCheck Website
YesNoBTC, ETHCheck Website
YesYesBTC, ETH, LTCCheck Website

Livecoin – Deposit and Withdrawal Methods

When you consider choosing a digital currencies exchanges, the deposit and withdrawal options are pretty important. From one hand, you must consider deposit and withdrawal methods that have low fees, but at the same time, making sure the process is fast.

Livecoin has a good range of options for depositing funds to your account. They are currently the following: Payeer, Perfect Money, OKPay, BTC-E vouchers, wire transfer and Capitalist.net. The fees and processing time vary for each one of these options, and wire transfer is the slowest among them.

The methods available for withdrawal are the same as for deposit, but the fees are different.

It is also possible to deposit and withdrawal digital currencies from and to Livecoin. The advantage of depositing and withdrawal using digital currencies are the fees and speed.

One disadvantage of Livecoin is that they currently do not support account funding directly with debit or credit card.

Click here to open an account at Livecoin.

Livecoin – Fees

Now let’s analyze the fees on Livecoin and how they affect the purchase and trade of digital currencies.

Livecoin has a rather complex fee structure, as it has many deposit and withdraw methods. Deposit fees range from 0 to 8.5% depending on the option you to choose to add funds, for bank transfers the fee is 50 USD or 10 EUR.

Withdrawing funds is cheaper than depositing on Livecoin, with fees ranging from 0 to 2.5%. Bank transfers are also cheaper to withdraw than to deposit.

Trading fees have brackets, the more you trade, the cheaper you pay. They start at 0.20% per trade and gradually decrease to 0.02% at the highest level.

Livecoin – Other Cryptocurrencies

One of the biggest advantages of Livecoin is its vast amount of cryptocurrencies available for trading.

Livecoin has one of the largest amount of cryptocurrencies to choose from. This exchange also provides a huge amount of pairs, mostly available for BTC, USD and ETH, but also with some options available for XMR and DASH.

If you want to trade “exotic” cryptocurrencies and also pick them up right after the ICO, Livecoin is a great option.

Click here to buy Ethereum at Livecoin.

Livecoin – Verification

Verification is only required at Livecoin if you will deposit or withdraw fiat currencies on the platform.

The verification process is pretty similar to most of the other exchanges, involving send documents as a proof of identify.

If you want to use Livecoin but you do not want to verify your identity, you can use one of the multiple options to deposit or withdraw funds other than fiat currencies.

How to Open an Account at Livecoin

Opening an account on Livecoin is simple, and all you need is one email address. You can open your account, deposit your funds and start trading on Livecoin right away.

If you prefer to verify your account at Livecoin, make sure you have the documents required to scan and send to them.

Click here to open an account at Livecoin

Once your account is opened, you can select one of the multiple currencies on your balance, and select deposit.

The deposit process is pretty simple, you will be given the wallet address for the given currency, and you can deposit it from your other wallet.

Once you have a balance for that currency, you can select trading. You will see all the available pairs for that currency, and you can start placing your orders.

Livecoin – Support

One of the most important things in any bitcoin or alt coin exchange is the possibility of having a direct and reliable contact with their support team. Livecoins support is based on a ticket system, and they respond only during their working time (GMT +3 Timezone).

The support is available for communication in English and Russian. It would be nice if Livecoin would have a direct chat support, at least during their working hours. This is certainly something in which this exchange can improve.

Livecoin Pros

  • Very high number of alt coins and currency pairs to trade.
  • Easy to understand interface, including to place orders, adding or withdrawing funds.
  • Low trading fees tier system.

Livecoin Cons

  • Support available only through ticket system and during Livecoin office working hours.
  • No possibility of using credit or debit cards to add funds to your wallet.
  • Server performance could definitely improve in terms of speed.

Livecoin Verdict – Legit or Scam? Is Livecoin Safe?

Livecoin is one of my favorite exchanges to trade bitcoin and other digital currencies. From my personal experience, Livecoin is pretty safe, as they offer 2 factor authentication, like other exchanges (Bitfinex, CEX.IO, etc).

Livecoin is definitely a legit company, but they surely could improve their customer relations side.

Livecoin – Alternatives

If you are considering trading bitcoins but would like to check other alternatives after this livecoin review, the list below is just what you need.

HitBTC

HitBTC is another exchange to be considered when you are looking for digital currencies. The biggest advantage of HitBTC is that it has a very wide range of cryptocurrencies to buy and trade. HitBTC offers the mainstream currrencies like Bitcoin, Ethereum and Litecoin, but also less known currencies with great potential for growth.

Click here to check how to buy digital currencies at HitBTC

CEX.IO

CEX.IO is one of the biggest digital currency exchanges, based in Europe. You can buy Bitcoin and Ethereum at CEX.IO using credit and debit cards, as well as bank transfers.

Click here to check how to buy bitcoins at CEX.IO

LocalBitcoins

LocalBitcoins is the largest peer to peer bitcoin trading website. In local bitcoins you buy and sell bitcoins to users from your country or region. This results in cheaper transaction fees in most cases. The disadvantage is that you can’t use a credit card to buy on Localbitcoins.

Click here to check how to buy bitcoins at Localbitcoins

Coinbase

Coinbase is the largest bitcoin exchange in the world. It has a simple system to buy and sell bitcoins and you can also use a credit card, just like in CEX.IO. The disadvantage of Coinbase is that it is available for much less countries than CEX.IO.

Click here to check how to buy bitcoins at Coinbase

EXMO

EXMO is another good option if you want an exchange with a good number of alt coins to trade. The interface is also pretty good to work with and the fees are competitive.

Click here to open an account at EXMO 


Description: Livecoin Review: let’s analyze one of the biggest digital currencies review, explaining its main features and advantages for bitcoin enthusiasts

Rating: 4.5 out of 5


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