Livecoin Review 2020: 8 Things You Need To Know About This Exchange

Welcome to our Livecoin review.

Livecoin is a London based Cryptocurrency exchange that was launched in 2013.  

It supports the exchange of fiat to Cryptocurrencies, as well as the exchange of one Cryptocurrency for another.

This Livecoin review will outline all the features the exchange has to offer.

The objective is to help you decide if the exchange have what you require.


Livecoin Review: What It Offers

Livecoin supports the deposit of three fiat currencies, US dollars (USD), Russian Rubles (RUB) and Euros (EUR). It also supports a wide variety of Cryptocurrencies such as Bitcoin, Ether, Litecoin, Dash, Neo among-st other coins.

Its transaction fees are calculated based on a tier structure, with the highest being 0.18% and the lowest currently at 0.02%, depending on a user’s trade volume.

From the foregoing, you can clearly see that high-volume traders stand to pay less and benefit more from Livecoin.

Furthermore, at the moment this articles was written (19/03/2019), Livecoin had a 24-hour trading volume of $12,540,000.

Currently placed as the 81st largest Cryptocurrency exchange in the world by trade volume.


Livecoin Review: Supported Countries

Livecoin is a global exchange and can be accessed by anyone in the world with no specific country restrictions, whether North Korea, Iran or Pakistan.

However, if you harbour any element of doubt that your country may not be allowed access to a Livecoin account, you can easily contact Livecoin support for more information.


Livecoin Review: Payment Methods

Livecoin supports the deposit of three fiat currencies, US Dollars, Euros and Russian Rubles through the following Payment methods:

  • Perfect Money
  • Payeer
  • Visa/ Mastercard
  • Qiwi
  • Capitalist
  • AdvCash

It also provides wallet services for a wide variety of Cryptocurrencies, they include:

For an updated list of supported Cryptocurrencies, you can visit Livecoin’s official website.


Transaction Fees

Like every standard exchange out there, Livecoin charges 3 (three) types of fees.

  1. Deposit Fees
  2. Trading Fees
  3. Withdrawal Fees

Trading Fees

The trading fees charged by Livecoin vary, based on a user’s trading volume. They can be seen in the table below.

Deposit and Withdrawal Fees

The deposit and withdrawal fees vary as well, based on a user’s preferred deposit/withdrawal method. A sample can be seen in the table below. You can view an updated list on Livecoin’s website.


Transfer Limits

Like most traditional exchanges, Livecoin imposes minimum deposit amounts; minimum order is 0.0001 BTC.

Furthermore, It has a minimum deposit and withdrawal amounts for all fiat currencies and a few Cryptocurrencies such as MaidSafeCoin: (10 MAID), Waves: (2 WAVES), Artemine: (1 ARTE).

Minimum withdrawal amounts vary, depending on the fiat or Cryptocurrency you wish to withdraw. A sample can be found in the table below.


Is Livecoin Safe?

Livecoin safeguards its user’s funds through a cold storage system. This system ensures user funds stay out of reach of any third party applications and software.

It also allows its users to further secure their accounts with two-factor authentication vis-à-vis the ability to Blacklist/Whitelist IP addresses to ensure only known devices are allowed access.


Customer Support

Livecoin provides customer support in three different languages (English, Russian and Chinese). Users in need of help or further enlightenment can submit support tickets on the website and receive replies during working hours, 7 days a week.

Users in grave situations such as the inability to access their accounts can reach Livecoin through E-mail [email protected] to lay their complaints.


Conclusion

Livecoin’s support for fiat currencies is a huge plus for individuals who wish to buy Cryptos directly from their bank accounts.

The use of a cold storage system offers a commendable layer of security and places Livecoin right at the top.

If your thing is security and ease of transaction then Livecoin comes highly recommended for you.

That’s all we have for our Livecoin review. I hope it helped you gain more insight on the Livecoin platform?

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