LiveCoin Exchange Review

Overview

Legal Name	Livecoin Exchange
Headquarters	London, United Kingdom
CEO	Ivona Zlatova
Year Founded	2013
Exchange Type	Centralized
Trading Fees	Maker: 0.18%/ Taker: 0.18%
Deposit Methods	WireTransfer, Cryptocurrency
Supported Cryptos	150+ supported coins including  Litecoin (LTC), Bitcoin Cash (BCH), Ethereum Classic (ETC), Dash (DASH), Ripple (XRP) and more
Fiat	United States Dollar (USD), Euro (EUR), and Russian Rubles (RUB)
Customer Service	Email, Phone
Trading Options	Spot Trading

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.

In this article, we will give you a detailed guide to the Livecoin Exchange and its overall aspects. Let us look into this Livecoin Exchange review in detail now.

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

1. 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.
2. 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.
3. 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.
4. 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:

Livecoin Supported Currencies

In terms of cryptocurrencies, Livecoin exchange currently supports over 150+ coins. Some of the notable ones include:

The Livecoin exchange supports the following FIAT currencies:

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.

How to buy cryptocurrencies on Livecoin?

Step 1: Go to the Trading section and select the desired currency pair.

Step 2: Enter the amount of currency you want to sell in the ‘You pay’ field and then confirm your selection by pressing the “Buy” button.

Step 3: If you want to buy at the current market price, select the Switch to market order tab.

Step 4: Two dialogue windows confirming the trade will immediately appear on the left-hand side of the screen.

Step 5: Scroll down to the Buy currency for the BTC section. Enter the amount of currency you want to buy in the ‘You get’ field and then confirm your selection by pressing the “Buy” button.

Step 6: you can see your balance in your Account page by clicking either the Balance or Deposit in the top navigation section.

How to sell cryptocurrencies on Livecoin?

Step 1: Go to the Trading section and select the desired currency pair.

Step 2: Enter the amount of currency you want to sell in the ‘You pay’ field and then confirm your selection by pressing the “Sell” button.

Step 3: If you want to sell at the current market price, select the Switch to market order tab.

Step 4: One dialogue window showing that your order was opened will appear on the left-hand side of the screen.

Step 5: Wait until your order is closed.

Step 6: you can see your balance in your Account page by clicking either the Balance or Deposit in the top navigation section.

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.

Recent Updates

• On Feb 24, 2020, The XSCR swap will take place at the Exchange soon, this asset is moving to a new network according to the developer request.

• On Feb 28, 2020, Livecoin completed the Anne swap, held upon request of the asset developers.

• On Feb 28, 2020, Livecoin have completed the TER swap, held upon request of the asset developers

• On Feb 28, 2020, Livecoin completed the Scrap swap, held upon request of the asset developers