Livecoin cryptocurrency exchange – review January 2022
Buy and sell bitcoin and hundreds of other altcoins, with reduced fees for high-volume traders.
Livecoin is a global cryptocurrency exchange based in London. It offers the peer-to-peer exchange of fiat currency for cryptocurrency, and crypto-to-crypto exchanges on bitcoin, Litecoin, Ether and an extensive range of altcoins.
To help you decide whether Livecoin has all the features you want in a crypto exchange, we’ve put together this detailed review.
|Product Name||Livecoin Cryptocurrency Exchange|
|Fiat Currencies||USD, EUR, RUR|
|Cryptocurrencies||BTC, BCH, ETH, LSK, LTC, XRP, XEM, DASH, EOS, CLOAK & 410+ more|
Payeer: 0.5% (USD, RUR), 1% (EUR)
PerfectMoney: 1.5% (EUR, USD)
QIWI: 7% (RUR)
HYPE Token: 10%"
Cryptocurrency: Fees vary
Payeer: 2.5% (RUR)
PerfectMoney: 4% (EUR, USD)
AdvCash: 3.9% (EUR, RUR)
QIWI: 8.5% (RUR)
Visa/Mastercard: Fees vary
Yandex: 6.5% (RUR)
What is Livecoin?
Launched in 2013, Livecoin is based in London. The peer-to-peer cryptocurrency exchange supports deposits in US dollars (USD), euros (EUR) and Russian Rubles (RUB), as well as a wide variety of crypto coins. Trading fees on the platform are calculated on a tiered structure and start at 0.18%, dropping down to 0.02% for high-volume traders.
According to CoinMarketCap at the time of writing (7/2/2018), Livecoin’s 24-hour trading volume of US$30,520,140 made it the world’s 51st largest cryptocurrency exchange.
Livecoin is a global exchange platform available for use by traders in many countries around the world, including India.
If you’re unsure whether you’ll be able to register for a Livecoin account from your country of residence, contact Livecoin directly for more information.
Which payment methods are accepted?
You can deposit fiat money into your Livecoin account using three currencies: US dollars (USD), euros (EUR) and Russian rubles (RUB). Fiat deposits can be made via the following payment methods:
- Visa / Mastercard
- Perfect Money
If you live in India, then you can’t transact in INR or access all the above payment and withdrawal methods. It is suggested that you contact Livecoin’s customer service for more details.
You can also deposit a wide variety of cryptocurrencies into your account, including:
- And many more
Visit the Livecoin website for a full list of supported cryptos.
How much will it cost me to use Livecoin?
There are three types of fees you need to be aware of when buying or selling cryptocurrency with Livecoin: deposit fees, trading fees and withdrawal fees.
Trading fees vary depending on your trading volume, as shown in the table below:
|Trading volume for 30 days (in USD)||Fee|
|$0 to $100,000||0.18%|
|$100,001 to $200,000||0.16%|
|$200,001 to $400,000||0.14%|
|$400,001 to $600,000||0.12%|
|$600,001 to $800,000||0.10%|
|$800,001 to $1,000,000||0.08%|
|$1,000,001 to $1,500,000||0.06%|
|$1,500,001 to $2,000,000||0.04%|
Deposit and withdrawal fees vary depending on your payment method and/or the currency you select. You can see a sample of these fees in the table below, or check out the full list on the Livecoin website.
|Deposit and withdrawal fees|
|Payment type||Deposit fee||Withdrawal fee|
|Payeer||USD, EUR: 3%RUB: 5%||2%|
|Capitalist||0%||EUR, USD: 2% + 0 EUR/USDRUB: 3% + 0 RUB|
|AdvCash||10%||USD, EUR: 2%RUB: 1%|
|Qiwi||USD, EUR: 20%RUB: 10%||EUR, USD: 3%RUB: 5%|
|Visa / MasterCard||–||RUB: 5% + 50 RUBEUR/USD: 3%|
Are there any transfer limits?
Yes. The minimum order on Livecoin is 0.0001 BTC, while some deposit and withdrawal restrictions also apply. However, most cryptocurrencies do not have any minimum deposit limits, except for the following:
- MaidSafeCoin: 10 MAID
- Waves: 2 WAVES
- Artemine: 1 ARTE
Limits also apply to the amount you can withdraw from your account. These minimum requirements vary depending on the fiat or cryptocurrency you select, and you can see a sample of Livecoin’s limits in the table below.
|Payment type||Minimum withdrawal limit|
|Payeer||10 USD / 10 EUR / 100 RUB|
|Perfect Money||10 USD / 10 EUR|
|Capitalist||10 USD / 10 EUR / 100 RUB|
|AdvCash||10 USD / 10 EUR / 100 RUB|
|Qiwi||10 USD / 10 EUR / 100 RUB|
|Visa / MasterCard||500 RUB|
Is it safe to use Livecoin?
Livecoin uses a cold storage system to protect the funds that exchange users hold in their wallets. It also allows you to restrict access to your account by setting up two-factor authentication and creating a whitelist of secure IP addresses.
Is it legal to use Livecoin in India?
At the time of writing, there is no clarity regarding trading in cryptocurrencies from India, apart from government and RBI notifications stating that the Indian government does not recognise cryptocurrencies as legal tender and anybody trading in them is doing so at their own risk. But, it is recommended you take proper advice from an expert about the laws and regulations that may be applicable on any trades at Livecoin, such as the Indian Income Tax Laws and RBI’s FEMA act.
If you have a question or issue with your account or concerning a particular trade, you’ll need to log in to your Livecoin account and submit a support ticket. The platform’s Support Service communicates in Russian, English and Chinese and replies to tickets 7 days a week within working hours (UTC+3).
Alternatively, if you’re unable to access your account, you can email firstname.lastname@example.org with a description of the problem.
Pros and cons
- Offers the ability to directly exchange fiat currency for cryptocurrency
- Access to 490 crypto/fiat and crypto/crypto currency pairs
- Tiered fee structure ensures less costs for high-volume traders
- Multilingual website and customer support
- Easy-to-use trading interface
- If you’re only a casual trader, you’ll pay higher fees
- No live chat support
- No mobile trading app
If you’d like to sign up for an account with Livecoin, click one of the “Go to site” links on this page. You’ll then be redirected to the Livecoin website, where you can provide your email address and create a login and password. Once you’ve deposited funds into your account, you’ll be able to start trading.
Finally, make sure you setup two-factor authentication to provide increased security for your account.