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Livecoin

3.3 from 7 votes
United Kingdom

Fees

Taker fee

0.18%

Maker fee

0.18%

Withdrawal fee

0.0005

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


Livecoin Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of Livecoin consists of four parts: general information, fees, deposit methods and security.

General Information

Livecoin is a cryptocurrency exchange from the UK. United Kingdom is the country which without a doubt has the most cryptocurrency exchanges in the world. At least that we know of. A non-exhaustive list of exchanges from the UK (in addition to this one) includes Exmo, CEX.io, CoinEgg, DSX, LocalTrade, Bittylicious (funny name by the way), CoinMate, Indacoin, MixCoins, Paybis, Vaultoro, Instant Bitex and eToro.

US-investors may not trade on this exchange. So if you are a US-investor and want to trade at Livecoin, you’ll have to reconsider your choice of trading venue and choose one of the other top crypto exchanges. Don’t be too sad though, there are many other venues that offer the type of trading this exchange does. Use our Exchange Finder to find out which alternatives you have.

Livecoin proudly states that they are a modern and secure platform for accessing cryptocurrency exchange markets. They also pride themselves with having a “very simple interface”. Similar to many other exchanges, Livecoin has their own API supplied with an instructional manual. The exchange has a support service proficient in Russian, English and Chinese and they promise to reply to support tickets from customers of the exchange 7 days a week within working hours (UTC+3).

The team behind the exchange also states that they have an intuitive and simple interface for beginners, while at the same time also providing a lot of enhanced features for the more experienced cryptocurrency trader.

Livecoin Fees

Livecoin Trading fees

Here, they don’t 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%. For investors who prefer to pick-up existing orders from the order book, this might be an attractive trading fee model.0.18% is slightly below the industry average. The industry average is arguably around 0.25%. The fee thus constitutes a competitive advantage against the majority of other top crypto exchanges in the market.

Finally, it should be noted here that many exchanges (including Livecoin) have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. The fees listed in this review and in the comparison table are excluding any such volume discounts.

Livecoin Withdrawal fees

Livecoin charges a withdrawal fee amounting to 0.0005 BTC when you withdraw BTC. This fee is below the industry average and also constitutes a competitive advantage against the majority of other top crypto exchanges in the market.

Deposit Methods

At Livecoin, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors.

Security

Livecoin’s security score is C+, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is in line with industry average when it comes to top crypto exchanges.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

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