Livecoin review 2018 | Features, fees and more | finder.com

Livecoin cryptocurrency exchange – September 2018 review

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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, RUB
Cryptocurrencies BTC, BCH, ETH, LSK, LTC, XMR, XEM, DASH, BCC, DBIX, CLOAK, EMC, NEO, TIME, SHIFT, STRAT, DOGE, DTR, DGB, VOX, ESC, MONA & 140+ more
Deposit Methods Cryptocurrency
Payeer
Perfect Money
Qiwi
Trading Fee 0.02-0.18%
Deposit Fees Payeer: 5% (USD), 10% (RUB), 6% (EUR)
PerfectMoney: 5%
Capitalist: 0%
Advcash: 2% (EUR), 1% (USD), 10% (RUB)
QIWI: 9% (RUB)
Cryptocurrency: None
Withdrawal Fees Payeer: None
PerfectMoney: 3.5% (EUR), 3% (USD)
Capitalist: 2%
Advcash: None
QIWI: 6% (RUB)
Visa/Mastercard: 6% + ?50 (RUB), 3.5% + €6 (EUR), 3.5% + $6 (USD)
Yandex: 6% (RUB)
Cryptocurrency: Fees vary

Pros

  • 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

Cons

  • If you’re only a casual trader, you’ll pay higher fees
  • No live chat support
  • No mobile trading app
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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 (2/7/18), Livecoin’s 24-hour trading volume of $30,520,140 made it the world’s 51st largest cryptocurrency exchange.

Available countries

Livecoin is a global exchange platform available for use by traders in many countries around the world, including the US.

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
  • Payeer
  • Perfect Money
  • Capitalist
  • AdvCash
  • Qiwi

You can also deposit a wide variety of cryptocurrencies into your account, including:

  • BTC
  • LTC
  • BCH
  • DASH
  • XMR
  • DOGE
  • QTUM
  • 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 fees
Trading volume for 30 days (in USD)Fee
$0 to $100,0000.18%
$100,001 to $200,0000.16%
$200,001 to $400,0000.14%
$400,001 to $600,0000.12%
$600,001 to $800,0000.10%
$800,001 to $1,000,0000.08%
$1,000,001 to $1,500,0000.06%
$1,500,001 to $2,000,0000.04%
$2,000,000+0.02%

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 typeDeposit feeWithdrawal fee
PayeerUSD, EUR: 3%RUB: 5%2%
Perfect Money2%6%
Capitalist0%EUR, USD: 2% + 0 EUR/USDRUB: 3% + 0 RUB
AdvCash10%USD, EUR: 2%RUB: 1%
QiwiUSD, EUR: 20%RUB: 10%EUR, USD: 3%RUB: 5%
Visa / MasterCardRUB: 5% + 50 RUBEUR/USD: 3%
BTCFree0.001 BTC
LTCFree0.02 LTC
DASHFree0.002 DASH
DOGEFree2 DOGE
ETHFree0.01 ETH

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 typeMinimum withdrawal limit
Payeer10 USD / 10 EUR / 100 RUB
Perfect Money10 USD / 10 EUR
Capitalist10 USD / 10 EUR / 100 RUB
AdvCash10 USD / 10 EUR / 100 RUB
Qiwi10 USD / 10 EUR / 100 RUB
Visa / MasterCard500 RUB
BTC0.002 BTC
LTC0.01 LTC
DASH0.01 DASH
DOGE10 DOGE
ETH0.01 ETH

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.

Customer support

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 it replies to tickets seven days a week within working hours (UTC+3).

Alternatively, if you’re unable to access your account, you can email help@livecoin.net with a description of the problem.

Pros and cons

Pros

  • 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
Cons

  • If you’re only a casual trader, you’ll pay higher fees
  • No live chat support
  • No mobile trading app

Next steps

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 set up two-factor authentication to provide increased security for your account.

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