Livecoin Review

Overview

Livecoin is one of the youngest but already popular platforms for trading cryptocurrencies among traders around the world.

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Details

Broker Livecoin
Website URL livecoin.net
Founded 2014
Headquarters Russia
Support Types E-mail, tickets
Languages Russian, English, Spanish, Portuguese, French, Turkish, etc.
Free Demo Account No
Account Types Standard
Deposit Methods Bank transfers (Visa, MasterCard), QIWI, Yandex.Money, ADVCash, Payeer, Capitalist, SEPA, 24XBTC, Megachange, Money-change, Bitcoin, crypts.
Withdrawal Methods Bank transfers (Visa, MasterCard), QIWI, Yandex.Money, ADVCash, Payeer, Capitalist, SEPA, 24XBTC, Megachange, Money-change, Bitcoin, crypts.
Number of Assets 180+
Types of Assets Litecoin, EmerCoin, Bitcoin, Dash, Namecoin, REEGAME, EDinar, MonaCoin, ArcticCoin, EmerCoin, Fastcoin, Peercoin, Sibcoin, BlueCoin, Steemit, MaidSafeCoin, Iconomi, AdzCoin, BitSend, Solarcoin, Transfercoin, Dogecoin, Cloakcoin, DigiByte.
US Traders Allowed No
Overall Score 9.7/10

Additional Information

  • Exchange Commission: yes
  • Trading volume: more than $13,646,863/day
  • Channels of communication: e-mail, VKontakte, Facebook, Twitter, Tickets
  • Possibility of exchanging for fiat currencies: yes
  • Number of crypto-currencies: more than 180
  • Training: yes, training video
  • Autotrading: yes
  • Scalping: yes
  • Analytics: yes
  • Affiliate Programs: yes
  • Livecoin API: yes

Full Review

Livecoin, a cryptocurrency exchange, is one of the youngest but already popular trading platforms for digital currencies. It has been successfully operating since 2014. A simple and convenient terminal, profitable tariffs, several languages for the website, a large selection of assets (folks can trade in Bitcoin, Litecoin, Ethereum, Dash, Ripple, etc.) and various methods of withdrawal and replenishments of funds – all of this makes working on this crypto exchange easy and profitable for a modern trader.

Certainly, like many other folks you also wonder whether Livecoin is another scam or if it’s a safe and secure platform that guarantees a full-fledged trade in cryptocurrencies and trouble-free withdrawal of earnings. Let’s answer this question below.

The Livecoin exchange offers many opportunities for participants of the crypto market (here you can learn how to make money on cryptocurrencies). Among its advantages: full-fledged trading with digital coins on favorable terms, a wide choice of virtual currencies and their exchange for fiat money (US dollar, euro), trade in so-called «fiat/altcoin» pairs (for example, BTC/USD, LTC/EUR, DOGE/USD, etc.), simple and fast procedures for withdrawal and replenishment of funds, lack of mandatory verification, and an advantageous referral program. The option of exchanging currencies for fiat money runs on the same resource, which greatly simplifies all work. Most often, exchangers offer the exchange of altcoins only for bitcoins, while Livecoin allows the exchange of crypto assets directly for fiat money.

Crypto trading is carried out in a convenient and functional terminal; on the chart you can choose the time period (15 minutes to1 day) and the price display type and add indicators. The platform enables you to quickly create orders for the purchase of crypto assets (market, limit and pending orders are available) and study the materials of the order book and the history of transactions. A significant advantage of the Livecoin exchange is a convenient, functional and informative livecoin.net website, which has an attractive design and provides materials in different languages. In addition, traders can count on professional support in several languages, which is especially helpful for newcomers.

It’s important for the company to maintain a high level of security. For this purpose the following options have been introduced on the platform: a limited session time on the livecoin.net website, a two-factor authentication, a unique user greeting (a unique greeting is displayed during authorization, and if it’s unavailable, you’re using a fake resource), trusted IP addresses, PIN-code, and confirming the operation.

Not being well-advertised website the way that other crypto exchanges are, the company offers a really high-quality and unique service in order to interest and retain potential users. Traders positively note the fast and professional work of technical support. Special attention needs to be paid to the game, which enables you to obtain extra money from trading. To take part in it, you need to indicate what the exchange rate will be and specify whether it’s going to grow or decline. Users constantly participate in this competition (since the minimum bid for this is 0.001 BTC). Sometimes its prize fund reaches 1 BTC. Today the Livecoin exchange is quite popular in the cryptocurrency community. It has a good reputation and keeps developing dynamically while introducing new functionality. That’s especially true given the strong competition in the crypto exchange market.

 

Replenishment and withdrawal of funds

Another great advantage of Livecoin is a large number of options to withdraw and replenish funds available on the website livecoin.net. For these operations the company offers all traders, no matter where they live, payment systems and bank cards, as well as special vouchers:

  • Crypto wallets,
  • Bank transfers (Visa, mastercard),
  • Electronic payment systems: QIWI, Yandex.Money, ADVCash, Payeer, Capitalist, SEPA, etc.,
  • Vouchers, which enable the withdrawal of funds using exchange services: Newline, 24XBTC, Megachange, Money-change, Bitcoin-obmen.

In order to replenish or withdraw money from the exchange using a bank card, verification of users is required.

 

Complaints about Livecoin

There is a lot of information on the Internet about the Livecoin exchange. Reviews of traders on crypto trading (the whole truth about cryptocurrencies is here) on the site are diverse. As for the advantages of the service, traders point out to the reliability and security of the platform, functionality, convenience and ease of operation, high-quality technical support, the ability to automatically trade by means of robots, support of fiat money and basic cryptocurrencies, and outstanding analytics. Often traders consider the exchange to be the ideal solution for beginners.

Among the negative aspects, traders usually mention problems with withdrawal of money, high commission when working with fiat funds, and frequent disruptions on the website livecoin.net. It is worth noting that there are very few negative reviews on the Internet and there’s even such a point of view that some of them are custom-made by competitors. All this clearly demonstrates that the company started confidently in the market of crypto trading and is capable of achieving success.

 

Regulation of Livecoin

Livecoin.net is an officially registered company, so it’s subject to laws. The given organization does its best to secure crypto trading and ensure the confidentiality and security of the personal information of users. It also combats money laundering and fraud.

The official website of the company offers the most secure space for work, but the user must also be cautious about working with passwords, providing an account to third parties, etc. To monitor and enforce the internal security policy of the service, a number of software tools are used. These tools collect data about users and their transactions. They even use cookies for this purpose. According to AML principles, the exchange has the right to request information from clients, track their activity on the website, and closely watch types of transactions to prevent illegal activities (financing of terrorism, fraudulent schemes, etc.). You can read more about the rules of site operation on the Livecoin exchange website in the «User Agreement» section.

Read the User Agreement on the Livecoin website
Read Livecoin’s Privacy Policy

 

Is Livecoin a scam?

As a cryptocurrency exchange, Livecoin appears to be a young but rapidly developing company, which, due to its stable position and unique opportunities, can quickly become one of the market leaders. It definitely stands out from competitors. Its virtues include a simple and convenient official website with an attractive design, broad language support, a large selection of assets for trade, (the number of which is increasing), the possibility of exchanging crypto assets in fiat currencies, trade in pairs such as «a cryptocurrency/a fiat currency», and comfortable commissions. The platform is just gaining momentum; therefore, the focus is first on the quality of services provided and the professionalism of employees. The users of the resource positively note the work of support managers, the quality of site materials, and analytics, which helps traders to trade more effectively.

In addition, the Livecoin exchange boasts an attractive, unique service: a game that is a kind of competition that can bring real money to the participants. The trading terminal appears to be simple and intuitive to deal with. It offers many functions (chart appearance, addition of indicators, etc.), which make it possible to conduct professional technical analysis of market conditions. Separately, it is worth noting the serious attitude of the company toward security issues, which exists for all crypto exchanges as up-to-date market participants. There are several opportunities for reliable trading on the site. For example, there’s a two-factor authentication, a constantly updated unique customer greeting, the provision of a list of trusted IP addresses, etc. We can hardly label this crypto exchange a scam. It copes with the fulfillment of its obligations, carries out stable payments of funds, monitors the correct operation of the site and its services and ensures substantial safety of work.

Most traders speak positively about the exchange, noting among its advantages a simple and intuitive livecoin.net website, a convenient trading terminal accessible to newcomers of the market, a large selection of assets (including the presence of fiat money), the function of rapid exchange of funds, etc. On thematic resources there are some negative reviews, which relate for the most part to problems with the replenishment and withdrawal of money, high commissions for transactions with fiat money, and technical failures on the website. Is Livecoin a scam? Today we can answer – no! The company is adequately represented on the market and it works steadily, giving its users maximum opportunities for profitable trading and the rapid exchange of cryptocurrencies.

 

Conclusion

The cryptocurrency exchange Livecoin is one of the youngest and dynamically developing companies providing a set of services for crypto trading and undoubtedly deserves high ratings as well as the trust of users. The organization definitely focuses on the quality and uniqueness of the service, as well as the professionalism of its employees, which today enables it to develop further and provide customers with even more unique opportunities. Many positive reviews from traders about the site suggest that the company has chosen the right path for development.

The exchange attracts users from all over the world, offering high quality material from the official livecoin.net website and technical support in users’ native language, a large selection of assets, the ability to automatically trade and generate additional revenue through a referral program and substantial trade security. We can only hope that the company will keep rapidly developing and become able to take the leading position among the crypto exchanges. Today we won’t evaluate the crypto exchange as a scam. We hope that the feedback from traders and users of the platform, which we expect to obtain, will not only help to warn against the problems of market players, but also have a powerful impact on the rating of the exchange on our portal.

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